Nikola Trevor Milton’s founder receives full pardon from President Trump
Trevor Milton, the founder of the electric truck company Nicolas, received a complete and unconditional pardon from President Donald Trump. Jury found Milton guilty from one counting of securities fraud and two accusations of wire fraud in October 2022. In 2023, it was Sentenced to four years in prisonS
Milton announced the pardon In a press release and the White House confirmed it CNBCS It came two weeks after prosecutors asked a judge to order Milton to pay $ 680 million in Nicola’s shareholders restitution, as well as $ 15.2 million in a victim of wire fraud. However, because of the pardon, the judge is unable to order any restitution.
Prosecutors argue This Milton pumps his company’s shares by lying to investors about “almost all aspects” of Nicholas’ business, such as having a fully functional electric truck. Nicholas (who filed for bankruptcy last month) released a video in 2018 that appeared to show a Nikola One Prototype Moving on its own, but prosecutors claim that the truck rolls on a hill and Milton has a hand in creating the video. Following a damn report of a short sales survey of Hindenburg, which encouraged an investigation of SECThe company said in 2020 that it never claims that “the truck was driving under its own drive in the video”, which was done privately on YouTube. Milton now plans to Make a documentary To tell his side to the story.
Milton has given Trump and his associates millions of dollars political donations, according to reports. Recording Display He donated $ 750,000 to the Maha Alliance, now Robert F. Kennedy, Jr., the Political Action Committee-September $ 920,000 to the Trump 47 Commission in October, just before the election. CNBC It notes that Milton did not make any six -digit political contributions before 2024, at federal campaign financing records.
Trump has pardoned hundreds of people in the first few months of his second term, including about 1500 who were convicted or accused of crimes related to the U.S. Capitol uprising on January 6, 2021 on his second day of Trump, Trump Founder of Silk Ross Ulbricht PardonWho was sentenced to life imprisonment after being charged with money laundering, drug trafficking and a computer hacking.
Meanwhile the family and associates of Fried Sam Bankman are Campaign is reported To pardon Trump. The founder of Cryptocurrency Exchange FTX was sentenced in 2024 A 25-year sentence in prison Once it was guilty of seven charges of fraud and conspiracy.
This article originally appeared at Engadget at https://www.engadget.com/transportation/evs/nikola-founder-trevor-milton-receives-a-fll-from-c
English