| Nikola
Founder Milton Indicted in SDNY Now Wants
Case Moved To AZ or UT, to Sept 15
By Matthew
Russell Lee, Patreon Video Podcast
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
August 13 – Just after the
indictment of electric vehicle
maker Nikola's founder Trevor
Milton was unsealed on July
29, a press conference was
held in the Southern District
of New York prosecutors'
office. Inner City Press went
and asked about the SEC
complaint's reference to
Milton targeting "Robinhood
investors." Video
here.
US
Attorney Strauss and her SEC
colleague (on the job for all
of one week) both deferred
comment on particular
companies or phenomena like
Robinhood, or Elon Musk, or
SPACs. But it seems there will
be more prosecutions coming -
including in the
crypto-currency space?
Now on
August 13, the assigned
District Judge Edgardo Ramos
has held a proceeding. Milton
wants to move the case to Utah
or Arizona, saying venue is
not proper in New York.
(Manafort's lender Steve Calk
asked the same, to move to
Chicago, which was denied).
But after description of
terrabytes of discovery and
argument by Milton's lawyer
Bradley Joseph Bondi, a next
date of September 15 was
selected. Inner City Press
will continue to cover the
case.
At 12:30 pm
Milton was presented before
SDNY Magistrate Judge Sarah
Netburn, and freed on consent,
on $100 million bond. Inner
City Press was in the
Magistrates Courtroom and live
tweeted it, here:
(and podcast here)
From
July 29:
Lawyers whispering about a
property in Utah. Seems he'll
be freed on bond.
In the front:
Milton and four defense
lawyers. Three
@SDNYLIVE prosecutors,
including Jordan Estes and
Nick Roos. Two Marshals.
Awaiting Magistrate Judge
Netburn. All rise.
Milton
surrendered at 8 am. Case is
assigned to District Judge
Edgardo Ramos (who's also in
One Coin cases.)
Milton pleads not
guilty. Freed on $100 million
bond. Less than Tom Barrack's
$250 million
Milton can travel
Utah, Wyoming, Idaho, Arizona,
Virginia and DC (for
lobbying?) No contact with
investors unless Milton has a
relationship with them.
Morgan, Utah property
appraised over $30 million
(contrary to the Pre Trial
Services report)
Milton's lawyer
says his income is down, no
$50 million in bank. Judge
Netburn approved free today on
$100 million bond. Surrender
guns.
The case is
US v. Milton, 21-cr-478
(Ramos)
***
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