Trevor Milton, founder of Nikola, was pardoned by Donald Trump after fraud conviction

MY TECH INTERESTS

28m ago

Trevor Milton, the founder of electric vehicle start-up Nikola, was pardoned by President Donald Trump, which could eliminate hundreds of millions of dollars in restitution for defrauded investors.3
Milton's trial revealed that he falsely claimed to have built a revolutionary truck that was actually a General Motors product with Nikola’s logo.1
At the time of his conviction, U.S. Attorney Damian Williams stated, Trevor Milton lied to investors again and again and warned that misleading investors would have serious consequences.2

Trevor Milton received a pardon from Trump, potentially affecting restitution for investors misled about Nikola's technology.
His trial revealed he falsely claimed to have built a revolutionary truck.

Kxan

28m ago

Trevor Milton, the founder of electric vehicle start-up Nikola, was pardoned by President Donald Trump after being sentenced to four years in prison for exaggerating the potential of his technology.3
Milton's pardon could wipe out hundreds of millions of dollars in restitution that prosecutors were seeking for defrauded investors.1
Milton and his wife donated more than $1.8 million to a Trump re-election campaign fund less than a month before the November election.1

Trevor Milton received a pardon from Trump, potentially eliminating restitution claims against him.
Milton and his wife contributed over $1.8 million to Trump's re-election campaign.

Yahoo

3h ago

Nikola filed for Chapter 11 bankruptcy protection in February, citing liabilities of between $1 billion and $10 billion.1
Milton stated, This pardon is not just about me — it’s about every American who has been railroaded by the government.1
The Manhattan U.S. Attorney’s Office indicated that some investors suffered tens and even hundreds of thousands of dollars in losses due to Milton's actions.1

Nikola filed for Chapter 11 bankruptcy protection, and Milton expressed that his pardon represents a broader issue for Americans.

Cnbc

8h ago

Trevor Milton, the founder of Nikola Corp., was convicted of fraud and sentenced to four years in prison in 2023 for misleading investors about the company's technology.2
Milton claimed he received a full and unconditional pardon from Donald Trump, who personally called him to inform him of the pardon.2
Milton was convicted on one count of securities fraud and two counts of wire fraud, while being acquitted on an additional securities fraud count.1

Trevor Milton, founder of Nikola Corp., was convicted of fraud and sentenced to four years in prison in 2023.
Milton claimed he received a full and unconditional pardon from Donald Trump, who personally informed him.
He was convicted on one count of securities fraud and two counts of wire fraud.

Reuters

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