Trevor Milton, the founder of Nikola Corporation, the electric truck company, has been granted a full pardon by former President Donald Trump. Milton was found guilty of fraud in 2022, accused of making false and misleading statements to investors about Nikola's technological capabilities. The conviction stemmed from claims Milton made regarding Nikola's electric truck prototypes and its hydrogen fuel cell technology.
Following the conviction, Milton's legal team filed an appeal. The pardon from President Trump effectively nullifies the conviction. Specific details about the pardon process are currently scarce, but Milton confirmed that he had spoken with the former president. The news has sparked debate, with some questioning the fairness of the pardon and others supporting it. The long-term impact on Nikola Corporation remains to be seen.
Trevor Milton, Nikola Founder, Receives Presidential Pardon
Trevor Milton, the founder of electric truck maker Nikola, has received a full pardon from former President Donald Trump. Milton was previously convicted of fraud for misleading investors about the company's technology. The pardon comes after Milton's legal team appealed the conviction. The details surrounding the pardon remain limited, but Milton has confirmed receiving a call from Trump.
Source: Read the original article at CBS