1845: Trevor Milton's Fraud and Sentencing - The Nikola Story w/ Mark Pugsley

Mormon Stories Podcast

Dr. John Dehlin

Religion & Spirituality

4.6 • 5.2K Ratings

🗓️ 19 December 2023

⏱️ 151 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the upcoming episode of Mormon Stories Podcast, we delve into the intriguing and controversial saga of Trevor Milton, founder of Nikola Corporation. This episode unpacks how Milton, once a celebrated entrepreneur, was unmasked as a fraud, leading to his recent sentencing of four years in prison. We explore the intricacies of his fraudulent activities at Nikola, a company that promised revolutionary electric trucks. Our special guest, Utah fraud expert Mark Pugsley, brings his insightful perspectives on the case, particularly focusing on the extent to which Milton's Mormon background and the environment he was a part of may have played a role in this story. This episode promises to shed light on the complex interplay between personal beliefs, corporate ethics, and legal accountability in the high-stakes world of business and technology.

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Transcript

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0:00.0	Hello everyone and welcome to another edition of Mormon Stories Podcast. I'm your host John Delin. It is December 19th,
0:06.5	2023 and today we are here to discuss the sentencing of Mormon fraudster Trevor Milton.
0:16.6	For those of you don't know, Trevor Milton
0:19.2	was hyped to be or put himself out to be sort of the Elon Musk of the large 18-wheeler kind of truck industry.
0:30.0	He's a Mormon, he was born and raised in Utah and somehow he rose to the level of global industry convincing GM to partner with him, convincing the world that he had figured out
0:44.9	how to engineer hydrogen-based,
0:48.1	I don't know, electric trucks that
0:50.4	were gonna transform the industry. and a super big fraudster fooled the world at
0:56.7	some point his company was worth I don't know one to two billion dollars
1:00.3	no a 60 billion 60 billion, yeah.
1:04.0	And it was all like Elizabeth Holmes, it was all freaking vaporware.
1:09.0	And the weirdest thing of all is that most of you have no idea that this ever happened. Those of you who live in
1:16.4	Utah, those of you who are Mormon have probably never heard of Trevor Milton or of
1:20.8	Nicola, but I can tell you,
1:22.6	see NBC certainly has heard of him.
1:25.6	And so I am so fortunate to have back on Mormon stories,
1:31.7	Mark Pugsley, Mark's been on Mormon stories several times before.
1:35.2	I think of him as Utah's fraud expert and watchdog.
1:40.3	Hey Mark, thanks for coming back.
1:42.1	Thanks. It's so good to coming back. Thanks.
1:43.0	It's so good to have you.
1:44.0	Yeah.
	...

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