Trevor Milton of Nikola Secures Complete Pardon from Trump Administration
Trevor Milton arrives at court for his sentencing in December 2023. (Yuki Iwamura/bloomberg News)
Trevor Milton, teh controversial founder of Nikola Corp., a now-defunct electric truck company, was granted a full presidential pardon by Donald trump on March 27. This decision wipes out his previous conviction for securities fraud.
Trump has been vocal about what he perceives as politically charged prosecutions by the Justice Department.Milton faced charges in 2022 for misleading investors regarding Nikola’s technology adn was sentenced to four years behind bars.
The morning after the pardon,there was no official word from the Trump governance; however,a White House representative confirmed it to Bloomberg.
A jury found Milton guilty on three counts of securities and wire fraud following a two-month trial in New York. Prosecutors argued that he consistently overstated Nikola’s electric trucks’ capabilities through various media channels. A key piece of evidence included a promotional video where a Nikola semi appeared to drive autonomously—though it had actually been towed up a hill and filmed rolling down.
The jury reached its verdict quickly, leading Judge Edgardo Ramos to sentance Milton in December 2023.Prosecutors sought an eleven-year sentence due to significant financial losses attributed to his statements; however, Milton claimed he never intended any deception and attributed his errors to naivety.
A Unique Case: Unlike many corporate fraud cases that rely on formal documents or filings, this one unfolded through social media posts and public appearances—making it stand out among white-collar crime stories of this decade.
Pardon Reflections
After receiving the pardon, Milton expressed dissatisfaction with the justice system while thanking Trump publicly. “This isn’t just about me—it’s about countless Americans who have faced similar injustices,” he stated via press release from his team. He criticized New York’s high conviction rates as alarming and indicative of prosecutorial overreach.
“I’m deeply thankful