Trevor Milton, founder of Electric Truck Company Nikola, received complete and unconditional forgiveness from President Donald Trump. Jury Found Milton guilty From one counting of fraud with securities and two fraud points in October 2022. In 2023 he was sentenced to four years in prisonField
Milton announced forgiveness in the press release, and the White House confirmed it CNBCThis field happened two weeks after the prosecutors asked the judge to order Milton to pay $ 680 million as restoration to the Nikola shareholders, as well as $ 15.2 million. USA victim of fraud. However, from the forgiveness, the judge cannot lead to an order of some kind of restoration.
Prosecutors Argument This Milton pumped up the shares of his company, lying to investors about the “almost all aspects” of Nikola's business, such as the presence of a fully functional electric truck. Nicola (which filed for bankruptcy last month) released a video in 2018, which showed Nicola is one prototype Moving on its own, but the prosecutors claimed that the truck rolled down the hill, and that Milton had a hand in creating a video. After the damned report on the short -selling Hindenburg Research, which The investigation of SECThe company said that in 2020 it never claimed that “the truck drove under his own movement in the video,” which was made private on YouTube. Milton is now planning release a documentary Tell your side of history.
According to reports, Milton gave Trump and his partners millions of dollars in the field of political donations. Applications show He donated 750,000 US dollars to the Mach-Nona Secretary of Health and Social Services Robert F. Kennedy, the largest committee on political actions in September and $ 920,000 in the US Committee 47 in October, right before the election. CNBC He notes that Milton did not make any six -digit political contributions until 2024, according to federal records of financing the campaign.
Trump pardoned hundreds of people in the first couple of months of his second term, including about 1,500, which were convicted or accused of crimes related to the U.S. Capitol uprising on January 6, 2021. On his second day Trump Trump Silk Road Ross UlbrichtWhich was sentenced to life imprisonment after he was accused of laundering money, drug trafficking and computer hacking.
Meanwhile, the family and partners of Sam Bankman, fried According to reports, campaign To Trump pardon him. FTX cryptocurrency founder was sentenced in 2024 to 25-year prison term After he was found guilty Of the seven accusations of fraud and conspiracy.