President Donald Trump pardoned Nikola Corp. founder Trevor Milton, who was convicted in October 2022 for defrauding investors with false claims about the company. Milton, 42, received a four-year prison sentence in December 2023 but has been free pending an appeal of his conviction for securities and wire fraud. The pardon came after federal prosecutors sought $680 million in restitution for Nikola shareholders and $15.2 million for a wire fraud victim, preventing the court from ordering any restitution.
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