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The Associated Press

The founder of a zero-emission truck venture is found guilty of fraud

Trevor Milton Nikola Nikola Corp Marc Mukasey

Trevor Milton (left) leaves the Thurgood Marshall United States Courthouse in New York on Sept. 12. Milton was convicted Friday of deceiving investors with exaggerated claims about his company's progress in producing zero-emission trucks. (Brittainy Newman/AP)

NEW YORK — The wealthy founder of Nikola Corp. was convicted Friday of charges he deceived investors with exaggerated claims about his company's progress in producing zero-emission 18-wheel trucks fueled by electricity or hydrogen.

A jury reached the verdict against Trevor Milton after deliberating for about five hours in federal court in Manhattan.

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