Trevor Milton, the founder of bankrupt electric and hydrogen-powered truck maker Nikola, has been pardoned by US President, Donald Trump, Milton announced in a social media post on Thursday.
Milton was sentenced to four years in prison in 2023 after a jury found him guilty of lying to investors about the company’s technology.
“Today I was issued a full and unconditional pardon by Donald Trump himself. He called me personally to tell me,” Milton wrote in an Instagram post.
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The White House and Nikola have not yet responded to requests for comment.
Federal prosecutors accused Milton of misleading investors by falsely claiming that Nikola had built a pickup truck from the “ground up” and had developed its own batteries, even though the company was purchasing them. He also allegedly misrepresented the progress of the “Nikola One” semi-truck, knowing it was nonfunctional.
In October 2022, Milton was convicted on one count of securities fraud and two counts of wire fraud. He was acquitted on an additional securities fraud charge.
(Reuters)
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