News Snapshot:
Commentary: After bagging Milton, who will feds go after next? “It’s the lure of easy money, it’s got a very strong appeal.” — Smuggler’s’ Blues by Glenn Frey After convicting SPAC-sponsored Nikola Corp. founder Trevor Milton of defrauding investors, who will federal prosecutors target next among transportation companies that took a similar path to public trading? They have options. A statement by U.S. Attorney Damian Williams suggests some targets of Securities and Exchange Commission and Justice Department subpoenas may have cause for worry. “Let this case serve as a warning to anyone who plays fast and loose with the truth...
