Nikola founder Trevor Milton pardoned by Trump

Trevor Milton, the founder of the Million Hydrogen Trucking, who was charged with fraud, was donated by President Trump, approved the White House TechCrunch.

Milton was convicted of the count of one in October 2022 Securities counterfeit And Nikola’s two-county fraud related to the claims of the investors. He was convicted In prison until four years in December 2023. Including it was a $ 100 million garden in complaints.

Pardon comes a few weeks after Nicolas Possibution in chapter 11. The company tried to work with the bankruptcy court in Delaware Purchase the workand in mid-April had hoped to close such an agreement.

“I think the trust of the judiciary will cease to believe that nothing and trust in nothing will be able to believe that the prosecutors would have risen to the reassurance system,” Milton said.

Milton was convicted by the jury. In this trial, in this trial, the Interior Lawy, Pam Bondi, Pam Bondi’s brother Hastings and his brother, were represented by Brad Bondi.

Now a free man, Milton, Nicola said he planned to leave a documentary.

Milton set up Nicola in 2014. The company united by 2020 by 2020, united with a special purpose purchase company (SPAC), did not enter the focus until the first electric vehicles to make the public. Especially after announcing common engines, it has become a hot trade quickly $ 2 billion stake in September of that year.

The company’s condition has changed quickly. A few days after the announcement of GM, a short-term research company published a report that includes fraud claims by Hindenburg research Milton. Securities and Exchange Commission The investigation has openedand gm moved away from the bargain. Milton resigned in the result, although he was sentenced in 2023, he claimed to be The patient landed to help his wife.

Prosecutors accused Milton from the southern region of New York July 2021By claiming “Development of Nicola product and technology”, social media and television, printing and podcast interviews “false and wrong expressions.” They said that Milton did these allegations for these allegations to “give the retail investors to get a nicola stock.”

After being trial ordered a judge milton pays for the former company about $ 168 million After an arbitration case between two sides. This money was needed to be a bankruptcy in Nikola. Nicola planned to use this income to resolve the claim of a class against the company provided by shareholders.