SEC charges ex-CEO of Stimwave with fraud, says some devices were fake

SEC charges ex-CEO of Stimwave with fraud, says some devices were fake

The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., May 12, 2021. Andrew Kelly | Reuters Laura Tyler Perryman, co-founder and former CEO of the medical device startup Stimwave Technologies, was charged with allegedly defrauding investors out of $41 million by making “false and misleading” statements about one of … Read more

Nikola founder Trevor Milton sentenced to 4 years in prison

Nikola founder Trevor Milton sentenced to 4 years in prison

Nikola founder Trevor Milton was sentenced Monday to four years in prison in connection to defrauding investors of the embattled electric- and hydrogen-powered truck maker. Milton also was fined $1 million and could later be forced to forfeit property as part of his sentence. The punishment was far lower than the 11 years prosecutors had … Read more