Trevor Milton, the founder of bankrupt hydrogen trucking startup Nikola who was convicted of fraud, has been pardoned by President Trump, the White House confirmed to TechCrunch.

Milton was convicted in October 2022 of one count of securities fraud and two counts of wire fraud related to claims he made about Nikola’s progress to investors. He was sentenced to four years in prison in December 2023. He has been out on a $100 million bond while he appealed that sentence.

The pardon comes just a few weeks after Nikola filed for Chapter 11 bankruptcy. The company has been working with the bankruptcy court in Delaware to try to sell the business, and had hoped to close such a deal by mid-April.

Read more on Milton's pardon at the link in the bio

Article by Sean O'Kane

Image Credits: Victor J. Blue/Bloomberg / Getty Images

#TechCrunch #technews #startup #founder #Trump #government
Trevor Milton, the founder of bankrupt hydrogen trucking startup Nikola who was convicted of fraud, has been pardoned by President Trump, the White House confirmed to TechCrunch. Milton was convicted in October 2022 of one count of securities fraud and two counts of wire fraud related to claims he made about Nikola’s progress to investors. He was sentenced to four years in prison in December 2023. He has been out on a $100 million bond while he appealed that sentence. The pardon comes just a few weeks after Nikola filed for Chapter 11 bankruptcy. The company has been working with the bankruptcy court in Delaware to try to sell the business, and had hoped to close such a deal by mid-April. Read more on Milton's pardon at the link in the bio 👆 Article by Sean O'Kane Image Credits: Victor J. Blue/Bloomberg / Getty Images #TechCrunch #technews #startup #founder #Trump #government
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