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USA v. Milton

  1. March 27, 2025

    Nikola Corp. Founder Says Trump Gave Him Full Pardon

    President Donald Trump has pardoned Trevor Milton, the Nikola Corp. founder convicted of fraudulently inflating the electric-truck maker's value on Wall Street, Milton announced in a late Thursday post on X.

  2. February 26, 2024

    Convicted Nikola Founder Must Forfeit Ranch, Judge Says

    A New York federal judge on Monday ruled Nikola Corp. founder Trevor Milton, who received a 4-year prison sentence for fraudulently inflating the truck-maker's value on Wall Street, must forfeit his 4,700-acre Utah property, citing the seriousness of Milton's crime and that he bought the ranch using inflated stock options.

  3. December 18, 2023

    Nikola Founder Gets 4 Years After Proclaiming Innocence

    A Manhattan federal judge sentenced Nikola Corp. founder Trevor Milton to four years in prison for fraudulently inflating the high-tech truckmaker's value on Wall Street, imposing punishment after Milton's tearful, lengthy statement asserting he never broke the law.

  4. December 12, 2023

    Feds Want 11 Years For Nikola Founder's Stock Fraud

    Manhattan federal prosecutors urged a New York federal judge on Tuesday to impose a "very substantial" sentence on Nikola Corp. founder Trevor Milton after he was convicted of misleading investors by over-hyping the electric truckmaker's technology and business prospects in October 2022.

  5. November 15, 2023

    Nikola Founder Denies 'Sinister Motive' Ahead Of Sentencing

    Nikola Corp. founder Trevor Milton asked a New York federal judge Tuesday to sentence him to probation for misleading investors by overhyping the electric-truck maker's technology and business prospects, saying the sentencing guidelines overstate his offense and are based on bad information.

  6. October 24, 2023

    Nikola Awarded $165M In Arbitration Proceeding With Founder

    Electric-truck maker Nikola Corp. told the U.S. Securities and Exchange Commission on Tuesday that a New York arbitration panel awarded the company approximately $165 million in its arbitration proceedings with convicted founder and former executive chairman Trevor Milton.

  7. August 30, 2023

    Judge Says No Juror Bias, No New Trial For Nikola Founder

    A New York federal judge on Wednesday denied Nikola Corp. founder Trevor Milton's bid for a new trial on charges he misled investors by overhyping the electric-truck maker's technology and business prospects, rejecting Milton's claims that confusing jury instructions and a biased juror deprived him of a fair trial.

  8. February 03, 2023

    Nikola Boss Says 2nd Circ. Case Bolsters Juror Bias Claim

    The founder of electric-truck maker Nikola Corp. said a recent Second Circuit decision highlighting the importance of weeding out bias during jury selection bolsters his arguments that an anti-"billionaire" juror and confusing instructions led to his guilty verdict on fraud charges.

  9. January 23, 2023

    Feds Slam Nikola Founder's Bid For New Fraud Trial

    The U.S. Department of Justice slammed a bid for a new trial from the founder of electric-truck maker Nikola Corp., telling a New York federal court that a jury's fraud conviction in October was fair and arguably lenient.

  10. December 15, 2022

    Nikola Founder Says Juror Confusion Led To Fraud Verdict

    The founder of electric-truck maker Nikola Corp. says the jurors in his October fraud trial believed he was innocent but thought they had to return a guilty verdict because of confusing and erroneous instructions.