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2mo ago

Trump Pardons Nikola Founder Trevor Milton Following Fraud Conviction

Milton's pardon, justified by Trump as politically motivated, reignites debates over corporate accountability and political influence as Nikola Corporation collapses.

Trevor Milton hatte durch ein fingiertes Video vortäuschen lassen, dass der Elektro-LKW von Nikola fahrtüchtig sei

Overview

  • Trevor Milton, founder of the now-bankrupt Nikola Corporation, was pardoned by President Donald Trump after his 2022 fraud conviction for misleading investors.
  • Trump claimed Milton was unfairly targeted due to his support for the former president, a justification that has drawn significant criticism.
  • Nikola Corporation, once valued at $29 billion during the electric vehicle boom, recently filed for bankruptcy and is liquidating its assets.
  • Milton sold $400 million in Nikola stock and was ordered to pay $661 million in restitution to investors before receiving the pardon.
  • The pardon has intensified scrutiny of Milton's political donations, including $2 million to Republican causes, and his legal team's ties to former U.S. Attorney General Pam Bondi.