Milton’s crave, the founder of the launch of Nicolas, who was sentenced to prison last year, was pardoned by President Donald Trump, confirmed the White House on Friday.
Milton’s pardon, who was sentenced to four years in prison for exaggerating the potential of his technology, can destroy hundreds of millions of dollars in restitution, which the prosecutor’s office was looking for cheated investors.
Milton and his wife donated more than $ 1.8 million to the Trump re -election fund less than a month before the November elections, the Federal Election Commission reports.
At the mildan’s lawsuit, the prosecutor’s office states that the video of the prototype, which appears to be moving along the desert highway, was actually a video of a non -functional Nicholas, which was rolling along the slope.
Milton was not imprisoned.
Milton said at the end of Thursday on social media that Trump had pardoned him.
“I am incredibly grateful to President Trump for courage to intercede for what is right and how to provide me with this sacred pardon of innocence,” Milton said.
The White House confirmed the pardon on Friday, although there was no pardon message on the White House website.
Trump spent a little time using the pardon power since the beginning of his second term. Hours after his post, he wiped up clean records of approximately 1500 people who participated on January 6, 2021, Riot in the US Capitol. The day Trump announced that there isPardon Ross ulbrichtFounder Silk Road, Underground Selling Website.
Ulbricht wasConvicted to life imprisonmentIn 2015, after loud persecution, which emphasized the role of the Internet in illegal markets.
Nicolas who was a hot launch and ascending star on Wall Street before becomingKilled in a scandalsubmitted to section 11 of bankruptcy defense in February.
Six years after he founded a company in the basement in Utah, Milton, convicted of fraud, was reflected by prosecutors.
Prosecutors said Milton falsely claimed that he had built his own revolutionary truck that was actually General Motors The product with the Nikola Nikola logo is knocked out on it.
Called a government witnessNikola CEO testifiedThis Milton “was prone to exaggeration” when she spoke with the investor.
Milton resigned in 2020 amid fraud reports, which sent Nikola shares prices. Investors suffered heavy losses as the reports question Milton’s claims that the company had already produced zero 18-round trucks.
The company paid $ 125 million in 2021settleA civil case against it to the section. Nicolas did not admit any violations.
The voicemail, which remained in the US Prosecutor’s Office in the Southern District of New York, who caught the case, did not immediately return.
At the time of his condemnation, the US Prosecutor Damian Williams said: “Turper Milton lied again in the investor-in social media, on television, on the podcast and in the press. But today’s verdict should be a warning for starting founders and corporate executives everywhere Following investors, you will pay for price strengthening everywhere. ”
Originally this story was presented on Fortune.com
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2025-03-28 17:48:00
The Associated Press, Matt Ott
