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 Commission (SEC)Donald TrumpNikola Corporationcorruptionregulatory-capturepay-to-playsecurities-fraudelite-impunity
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 Commission (SEC)Nikola CorporationTrevor MiltonVectoIQ Acquisition Corp (SPAC)spac-fraudelectric-vehiclessec-enforcementmaterial-misrepresentationretail-fraud+2 more
U.S. Attorney’s Office for the Southern District of New York and the SEC simultaneously charge Nikola Corporation founder Trevor Milton with securities and wire fraud for systematically deceiving investors about the company’s hydrogen truck technology. Milton made false claims that a …
Trevor MiltonNikola CorporationSecurities and Exchange Commission (SEC)DOJHindenburg Research+2 morefraudspac-erasecurities-fraudregulatory-gapssec+2 more