Trevor Milton, the discredited founder and former CEO of electric truck startup Nikola, has been sentenced to four years in prison for securities fraud. The sentence, by Judge Edgardo Ramos in the U.S. District Court in Manhattan, ends a multi-year tale that saw Nikola stock rise and then crash at epic proportions, with accusations of fraud and cancelled contracts.

In his ruling, Ramos said he would impose a sentence of 48 months on each count, served concurrently, and a fine of $1 million. Milton is expected to appeal the sentence, which Ramos acknowledged.

Milton, 41, was convicted by a jury in October 2022 of one count of securities fraud and two counts of wire fraud after he was found guilty of lying to investors about the development of Nikola’s electric trucks in order to inflate the company’s stock price.