Trevor Milton, the founder of the bankruptcy of the Nikola Hydrogen truck starting, who has been convicted of fraud, has forgiven President Trump, the White House confirmed to TechCrunch.
Milton was convicted in October 2022 by the fraud of mobile values and two charges of cable fraud related to claims made for Nikola’s progress to investors. He was sentenced to four years in prison in December 2023. He has released a $ 100 million bond, appealing to this sentence.
Harry comes just a few weeks after Nikola’s submission for bankruptcy of capital 11. The company is working with the bankruptcy court in Delaware to try to sell the business and hoped to close such an agreement until mid -April.
“It is not strange because confidence and confidence in the Ministry of Justice have not been eroded in anything, I wish the judges would stop believing that prosecutors are fueled so that Americans can trust the justice system again,” Milton said.
Milton was convicted by a jury. He was represented in this trial by Brad Bondi, a partner at the Paul Hastings law firm and the brother of today’s US Attorney General Pam Bondi.
Now a free man, Milton, said he plans to release a documentary that he believes will say his side in the history of Nicholas.
Milton founded Nikola in 2014. The company did not enter the forefront until 2020, when it became one of the first electric vehicles to be released by merging a special purpose acquisition company (SPAC). It quickly became a stock that is intensely negotiated, especially after General Motors announced a share of $ 2 billion in September of that year.
However, the company’s circumstances have changed quickly. Just a few days after the GM announcement, Hindenburg research research company published a report containing Milton fraud claims. The Securities and Exchange Commission opened a survey and GM withdrew from the agreement. Milton eventually resigned, though during his hearing in 2023 he claimed he resigned to help his aristocratic wife.
Prosecutors from the southern district of New York are charging Milton in July 2021, arguing that he had made “false and misleading statements about Nikola’s products and technology”, social media and television, printing and podcast interviews. They said Milton made these claims to “ask retail investors to buy Nikola shares”.
After being convicted, a judge ordered Milton Pay his former company nearly $ 168 million After a case of arbitration between the two sides. This money had to count on Nikola’s bankruptcy case. Nikola was planning to use this revenue to settle a charges against the company deposited by the shareholders.
