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.
Milton, 42, was sentenced in December 2023 to four years in prison, but he has been free since then pending an appeal of the former CEO's criminal conviction on securities and wire fraud charges in U.S. District Court in Manhattan.
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.
He defrauds his investors and he gets to keep the money that he stole. How sweet a deal s that?
And how large of a
UPDATE: $920K contribution by Milton to Trump's PAC.
According the AP, the total was $1.8 million. I guess he talked his wife into helping out.
ReplyDeleteIt gets even better. Milton was represented by Pam Bondi's brother. Seems to me that she got $25,000 from Trump which totally had nothing to do with her deciding not to go after him for his Trump University fraud.
ReplyDeleteMaybe he can get a policy from United Healthcare.
ReplyDelete