Department of Justice reportedly joins SEC in looking into Nikola after a short-seller accused the startup of fraud

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Department of Justice reportedly joins SEC in looking into Nikola after a short-seller accused the startup of fraud

Via www.businessinsider.com

The US Department of Justice has made inquiries regarding accusations from a short-seller this week that electric-truck startup Nikola engaged in “intricate fraud,” the Financial Times reported Tuesday.

The report follows the Securities and Exchange Commission’s reported examination of the allegations made by Hindenburg research last week that have largely wiped out market gains by Nikola following a $2 billion General Motors deal announcement.

The DOJ did not respond to a request for comment from Business Insider.

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