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Trevor Milton, the founder of electricity-fired Nikola, who was found guilty in 2022 for lying to investors and sent to prison, said he had been pardoned by US President Donald Trump.
Milton wrote on x: “I was issued a complete and unconditional pardon from the @realdonaldtrump. He called on me to tell me personally.”
Milton was sentenced to four years in prison in December 2023 for wrong investors for the readiness of Nikola’s technology to increase its stock price.
He said to X: “This pardon is not just for me – it is about every American who is railroaded by the government. It’s no wonder why trust and confidence in the Ministry of Justice have not eroded anything.”
Details of the pardon have not yet been posted on the US Department of Justice’s website, nor by Trump about his truth social platform. Brad Bondi, a Milton lawyer and brother of the US Attorney General, Pam Bondi, could not be made immediately for comment.
Nicholas ever valued nearly $ 30 billion, but that Submitted for Chapter 11 Protection for Bankruptcy In February, after his cash balance dropped to $ 47m.
The company benefited from the special goal of acquiring Boom, when businesses without income and sometimes no product listed in public markets attracted a great deal of interest in retail investors.
His rally was quickly stopped by the short salesman Hindenburg Research, which in September 2020 published a report called “complex fraud”.
During a five -week trial in 2023, Milton’s lawyers claim he should not go to jail, saying he “sees the world differently from most other people”. They also urged the judge to “oppose every temptation” to compare his actions with Teranos founder Elizabeth Holmes, who was convicted of fraud and serving a sentence of 11 years in prison.
In the trial, prosecutors called Milton “Conman” who took advantage of his benefits of Nicholas To buy Caribbean property and a private jet.
A press release issued by Trevor Milton Media on Thursday highlights “striking similarities” between the case of fraud, brought against the founder of Nikola and Trump, who was found guilty of conspiring to buy the silence of a porn actor before the 2016 election.
That said Milton would now focus on the documentary about his life called Condemnation or conspiracy: saga trevor Milton, which “invites audiences to rethink one of the most controversial stories in contemporary business history.”
As he became president, Trump has pampered Ross ulbrichtwho was sentenced to life in prison in 2015 for mastering the online market for illegal drugs and hacking online. On his first day of office, Trump also signed an executive order to pardon about 1,500 people accused of attacking the US Capitol on January 6, 2021.
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