Founder of Nicolas Trevor Milton, pardoning Trump

The White President renewed him, which was amputated by President Trump, that Trevor Milton, founder of the bankruptcy truck that was bankrupt, who was convicted of fraud, was pardoned by Techcrunch.

Milton was convicted in October 2022 on one charge Securities fraud Two accusations of fraud, wires related to the demands he made about Nicolas’s progress to investors. He was Heal To four years in prison in December 2023. He was out of $ 100 million while this sentence was resumed.

Pardon comes just a few weeks after Nicolas It was presented to bankruptcy, Chapter 11. The company works with the bankruptcy court in Dilayer to try and Selling businessAnd he hoped to close such a deal by mid -April.

“No wonder why confidence and confidence in the Ministry of Justice has eroded anything. I hope that the rulers will stop believing everything that the plaintiffs feed so that the Americans can trust the judicial system again,” Milton said in a statement.

Milton was convicted by a jury. He was represented in that trial by Brad Bondi, a partner in the law firm Paul Hastings and the brother of the current US Prosecutor Bam Bondi.

Now a free man, Milton said he is planning to release a documentary that he believes will tell his side about the story of Nicolas.

Milton Nicolas was founded in 2014. The company did not enter the spotlight until 2020, when it became one of the first electric car companies to be announced by integrating with the special purposes acquisition (SPAC). Soon it became a hot trading stock, especially after GM announced A $ 2 billion share in September of that year.

The conditions of the company changed quickly, though. A few days after GM announced, short sales research company has published a report containing allegations of Milton’s fraud. Securities and Stock Exchange Committee Opening the investigationAnd GM Stay away from the deal. Milton finally resigned, although during his speech session in 2023, he claimed that He stepped down to help his sick wife.

Representatives of prosecution from the southern region of New York Milton accused in July 2021In claiming that he provided “wrong and misleading data regarding the development of Nicolas and technology products” on social media and in television interviews, printing and podcasts. They said Milton had made these claims to “urge retail investors to buy Nicolas.”

After his conviction, Milton’s judge ordered His previous company paid nearly 168 million dollars After the arbitration issue Between the two sides. This money was supposed to be put in the Nicolas bankruptcy case. Nicolas planned to use these revenues to settle a collective lawsuit against the company submitted by shareholders.