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Nikola Founder Bought Utah Ranch With ‘Worthless’ Stock Options

https://www.bloomberg.com/news/articles/2022-09-28/nikola-founder-bought-utah-ranch-with-worthless-stock-options
Nikola Corp. founder Trevor Milton’s hype about the electric truck startup’s prospects lulled a real estate investor into accepting millions of dollars in Nikola stock options as partial payment for a 4,600-acre ranch, he told the jury in Milton’s criminal fr…

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