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Trevor Milton, founder of Nicola, an electric truck maker who lied to investors in 2022 and sent to prison, said he was forgiven by US President Donald Trump.
Milton wrote to X:
Milton was sentenced to four years in December 2023 for investors who mislead their technology preparations to raise the stock price.
He states in X: “I am not the only one who has this pardon, it is about all Americans along the railroad by the government…
Details of the pardon have not been posted on the U.S. Department of Justice website by Trump on his true social platform. Milton’s attorney could not be immediately contacted for comment.
Nicola filed for Chapter 11 Bankruptcy Protection in February after her cash balance fell to $47 million.
The company benefited from the special purpose acquisition company Boom when companies that had no revenue and were sometimes not listed on the open market attracted the attention of large retail investors.
The rally was quickly stopped by the short-seller Hindenburg Research, who published a report called “Complete Scams” in September 2020.
At a five-week trial in 2023, Milton’s lawyer argued that he shouldn’t go to prison, saying he “sees a world different from most other people.” They also asked the judge to “resist the temptation” and to compare his actions to Terranos founder Elizabeth Holmes.
At the trial, the prosecutor was called Milton “Conman,” who used his profits from Nicola to purchase property on the Caribbean and private jets.
A press conference issued Thursday by Trevor Milton Media highlighted the “impressive similarity” between the fraud case against Trump founder, who was found guilty of conspiring to buy the porn actor’s silence before the 2016 election and conspiring to forge business records.
Milton said he is now focusing on a documentary about his life called a conviction or conspiracy. Trevor Milton Saga “invites the audience to revisit one of the most controversial stories in modern business history.”
Since becoming president, Trump has forgiven Ross Ulbricht. Ross Ulbricht was sentenced to life in 2015 for masterminding the online market for illegal drugs and online hacking. On his first day in office, Trump signed an executive order that allowed around 1,500 people accused of in connection with the January 6, 2021 attack on the U.S. Capitol.
