Nikola CEO Mark Russell told a New York federal jury Monday that he experienced fears about signing up for the electrical-truck enterprise for the reason that he believed its founder, Trevor Milton, “was vulnerable to exaggeration in general public statements.”
Testifying in Mr. Milton’s securities-fraud demo, Mr. Russell stated that before coming on board in 2019 as president of Nikola, he and Mr. Milton arrived at an arrangement that Mr. Russell would turn into the main govt officer if Nikola became a publicly traded corporation. Mr. Russell claimed he sought the arrangement for the reason that as head of a general public company, statements from the CEO required to be correct.