“President Donald Trump pardoned Nikola Corp founder Trevor Milton for his October 2022 conviction of federal crimes related to defrauding investors with false claims about the success of the electric and hydrogen-powered truck maker,” CNBC reports.
“The pardon came two weeks after federal prosecutors urged District Court Judge Edgardo Ramos to order Milton to pay restitution of $680 million to Nikola shareholders, and another $15.2 million to Peter Hicks, a victim of his wire fraud.”
“Because of the pardon, Ramos could not order restitution of any kind.”
“Milton made significant political donations to Republicans in late 2024, including $920,000 to the Trump 47 Committee.”
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