Trevor Milton, founder of Nikola, was pardoned by President Trump after serving time for fraud convictions. He was found guilty of misleading investors about Nikola's technology, leading to inflated stock prices and ultimately bankruptcy. Following legal challenges, including a proposed restitution order, the pardon prevents any financial penalties linked to his fraudulent actions. Milton has made significant political donations prior to the pardon and plans to release a documentary to share his side of the story, despite ongoing scrutiny of Nikola's practices.
Milton announced his unconditional pardon from President Trump following his sentencing for securities and wire fraud, preventing restitution payments to victims.
Prosecutors accused Milton of lying about Nikola's capabilities, claiming he misled investors and artificially inflated the company's stock prior to bankruptcy.
Despite the SEC investigation and conviction for fraud, Milton plans to release a documentary to share his perspective on the Nikola situation.
Milton has made substantial political donations to Trump and other entities, suggesting a potential connection between his financial contributions and the timing of the pardon.
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