Trump’s pardon of disgraced Nikola founder Trevor Milton could wipe out millions in restitution for his victims

Quick Summary:

Nikola founder Trevor Milton was sentenced to four years in prison for exaggerating the potential of his technology.

Milton resigned in 2020 amid reports of fraud that sent Nikola’s stock prices into a tailspin.

Milton said late Thursday on social media that he had been pardoned by Trump.

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Article Details

Author / Journalist: The Associated Press, Matt Ott

Category: EconomyBusiness

Markets: United States

Topics: Donald Trump Nikola Motor White House Fraud Crime Electric vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-28 @ 17:48:02 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 134 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27387041

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About Fortune

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Official Website: fortune.com

Update Frequency: 26 posts per day

Year Established: 1929

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News Last Updated: 8 hours ago

Coverage Areas: United States

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