Milton Trial He Wants Retail Investors
Excluded after Courting Robinhood
Russell Lee, Patreon Maxwell
Trial book - NY
Sept 21 –
The trial of Nikola founder
Trevor Milton for wire and
securities fraud moved, on
September 21, to the direct
and cross examination of
Nikola's social media manager
Stephanie Amzallag. Notably,
she called Tesla Charts, a
podcast Milton was on, "pro
Tesla." Inner City Press
was there. Thread here
After the trial
day, his lawyer Ken Caruso
filed a letter seeking to
exclude the testimony of
retail investors as
ill-informed. This after
Milton said the purpose of the
Badger pick up truck was so
"Robinhood" investors could
touch Nikola's product. Letter
Sept 21: OK - US v. Trevor Milton trial
continues, now Nikola social media boss Amzallag
on the stand, Bondi objecting to everything,
AUSA: Did Mr. Milton comply with your social
Brad Bondi: Objection! Judge Ramos:
Stephanie Amzallag: No, he did not.
AUSA: Did you suggest that Mr. Milton do the
podcasts along with CEO Mark Russell.
Amzallag: Yes. But Trevor said he preferred
to do it solo. AUSA: Are you aware of Tesla
Charts? Amzallag: Yes, a pro-Tesla podcast.
Trevor told us he wanted to do it.
AUSA: What is this? Amzallag: Elizabeth
Fretheim's list of more than a dozen
problems in what Trevor said on Tesla
Charts.... AUSA: No further questions for
Ms. Amzallag at this time. Judge Ramos:
Jurors, we'll take a break.
Jury is back. Judge Ramos: You heard about
Nikola's internal social media policies. You
may consider that, but I will be instructing
you on the law at the end. Milton's lawyer
Brad Bondi. Bondi: How much time did
you spend with the government?
Amzallag: Two hours. Bondi: In total?!?
Amzallag: No, per day. Bondi: Would it
surprise you to know, 15 hours? You created
this document for the government?
[After sidebar] Bondi: So this says
that Trevor was offering to do a live stream
chat? Amzallag: I'm not sure. Bondi: You
sent it to others. You were monitoring Mr.
Milton's tweets, right? Amzallag: I was. I
was monitoring YouTube, too.
Bondi: Do you recall Trevor trying to delay
his appearance on the Tesla Charts podcast
so that he could prepare for it? Amzallag: I
do not. Bondi: Does this refresh your
recollection? Amzallag: No.
Bondi: So here, the podcasters tell Nikola
it is going live at noon, they will send you
the link - and you, Stephanie, will link to
it - right? Amzallag: Yes.
They're back from break. Bondi: So this
calls Trevor's performance on Tesla Charts
as "truly phenomenal," right?
Amzallag: It says that. Bondi: Wouldn't you
say this was an encouraging email? Amzallag:
It provided positive reinforcement.
Bondi: You've said, I don't remember. Were
you told to day that on cross examination? Amzallag:
Bondi: Did you meet with the lawyers for
Nikola, Kirkland & Ellis? And Paul
Amzallag: I'm not sure.
Bondi: No one told you to take down the
Tesla Charts podcast, did they?
Amzallag: I don't think so
Bondi: And here you are, editing a promotion
script for about the Badger [pick up truck
sketch] for Heavy D of the Diesel Brothers
on Discovery, right?
Trial will continue.
case is US v.
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