The Securities and Exchange Commission moved to dismiss its civil fraud case against Trevor Milton, founder of Nikola Corporation, following his pardon by President Trump on March 28, 2025. Milton was convicted in October 2022 of securities fraud for misleading investors about Nikola’s …
Trevor MiltonSecurities and Exchange CommissionDonald TrumpNikola Corporationcorruptionregulatory-capturepay-to-playsecurities-fraudelite-impunity
President Trump pardoned Nikola founder Trevor Milton, who was convicted of securities fraud in October 2022, after Milton donated $1.8M to Trump’s 2024 re-election campaign. The pardon effectively eliminates $695.2 million in potential restitution to Nikola shareholders and prevents further …
Donald TrumpTrevor MiltonNikola Corporationcorruptionpardonregulatory-capturecampaign-financecorporate-fraud
The SEC settled fraud charges against Nikola Corporation for $125 million, finding the electric vehicle company made materially false and misleading statements about its products, technical capabilities, and partnerships during its 2020 SPAC merger. Founder Trevor Milton falsely claimed the Nikola …
Securities and Exchange CommissionNikola CorporationTrevor Milton (Founder and Former Executive Chairman)VectoIQ Acquisition Corp (SPAC)spac-fraudelectric-vehiclessec-enforcementmaterial-misrepresentationretail-fraud+2 more