Trump pardons Nikola founder Trevor Milton in securities fraud case

| Importance: 9/10 | Status: confirmed

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 legal consequences for Milton’s fraudulent actions.

Key Actors

Donald Trump Trevor Milton Nikola Corporation

Tags

corruption pardon regulatory-capture campaign-finance corporate-fraud

Sources (3)

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