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Trevor Milton is an American billionaire and the founder and former executive chairman of Nikola Corporation. In September 2020, Milton abruptly resigned from his position after the U.S. Securities and Exchange Commission and Department of Justice began investigating claims that Milton and the Nikola Corporation committed securities fraud.
Career
Milton started an alarm sales company immediately after quitting college called St. George Security and Alarm and eventually exited the business for a stated $300,000, though his former business partner claims he was led to believe the exit payment was "much smaller."[3] Milton then launched an online classified ads website selling used cars, which eventually failed.
Afterwards, Milton founded an alternative energy vehicle company called dHybrid. Inc which retrofitted commercial trucks with engines that could run on natural gas instead of diesel. dHybrid landed a truck-conversion deal with Swift Transportation, leading to a mid-2012 lawsuit predicated on dHybrid's failure to deliver on its agreement.[4] dHybrid would eventually be purchased by Worthington Industries in 2014.[5] In 2015, Milton founded Nikola Motor Company along with his brother, Travis, as the director of operations.[6]
In September 2020, Aubrey Ferrin Smith, Milton's cousin, accused him of sexually assaulting her at their grandfather’s funeral in 1999, when she was 15 and he was 18.[23] The Wall Street Journal later confirmed several details of the accusation, including that Smith was, indeed, Milton's cousin and that Smith had told family members about the incident months after it had occurred. Family members also told the Wall Street Journal that religious authorities were notified, but no charges were filed.[24][25][26][27] CNBC later confirmed that Smith had filled a formal complaint with the local police in Holladay, Utah where the alleged assault took place. A Sgt. with the Unified Police Department confirmed that the complaint had been filled. CNBC additionally confirmed that in 2017 when the #MeToo movement was taking place, Ferrin Smith published an account of the assault on Facebook without identifying Milton by name. [28]