Trump pardon Nicolas Trevor Milton

president Donald Trump pardon Nikola Corp. founder Trefor Milton In October 2022, he was convinced of federal crimes related to fraud Investors With wrong allegations about the success of electricity and hydrogen hydrogen Truck maker.

Milton, 42, was sentenced to December 2023 to four years in prisonBut it has been free since then pending the resumption of the criminal conviction of the former CEO Ali stock And wires scam Accusations The American boycott court in Manhattan.

The amnesty came two weeks after the Federal Prosecutors urged local court judge, Edgardo Ramos, to order Milton to pay Recovery From 680 million dollars for Nicolas shareholders, and another $ 15.2 million for Peter Hex, a victim of fraud.

Because of the pardon, Ramos could not order a response of any kind.

“Oh my God, oh, you will never believe what happened.” Instagram The video was published on his personal account on Thursday. “Maybe the best day I had in five years.”

“I just received a call from the President of the United States, on my phone, signed a complete and unconditional pardon for innocence,” said Milton, who seemed to drive a car in the video.

“I am free. The plaintiffs can no longer harm me,” he said. “They cannot destroy my family, and they cannot torn everything away from me, and they cannot destroy my life.”

The White House confirmed the pardon.

Defense lawyers did not immediately respond to the comment requests.

A spokesman for the Public Prosecutor’s Office in Manhattan, who ruled Milton, refused to comment on the amnesty.

The US Prosecutor’s Office in Manhattan, when he obtained an indictment against Milton in 2021, said that some investors were fraud through his plan “suffered from tens of hundreds of thousands of dollars from losses, including, in some cases, and the loss of their retirement or money that borrowed to invest in Nicolas.”

Milton also made major political donations to Republicans in late 2024, including 920,000 dollars To the Trump Committee 47, which was reported by the New York Times Correspondent Kane Benger for the first time.

Benger was written in a tweet.

in press release On Thursday, Milton said: “This amnesty is not only related to me – it relates to every American rail, unfortunately, this is many people.”

Milton said there are “amazing similarities” between his case “and those that were brought against President Trump.”

The president was accused in four criminal cases between his first and second period in the White House.

After Trump’s election in November, the US Department of Justice sought to reject the two federal issues, noting the administration policy prohibiting the federal prosecution of the heads of sitting.

There was no file in the Manhattan Federal Court or the Second American Court of Appeal indicating that the criminal case against Milton had been ended due to the amnesty.

However, it is not uncommon for presidential amnesty notifications to the court several days after the amnesty was issued.

“It is no wonder that confidence and confidence in the Ministry of Justice is a matter of anything,” Milton said in the press statement.

“I hope that the judges will stop believing everything that the prosecutors feed so that the Americans can trust in the judicial system again,” he said. “Until this happens, our judicial system will continue to wear until nothing remains.”

Pardoning Trump from Milton, if confirmed, will erase his criminal conviction and punishment, which included a $ 1 million fine.

Earlier this week, Trump fell as a complete and unconditional pardon for Devon Archer, a one -time trading partner Hunter BidenThe former president Joe Bidenson.

Like Milton, Artcher is also convicted of a fraud case.

Immediately after his inauguration on January 20, Trump, especially amnesty for about 1500 people who were accused or convicted of crimes related to January 6, 2021, were on the American Capitol by a crowd of supporters of the president.

On his second day in office, pardon Trump Ross OlbrichtWho was serving a life sentence for crimes related to the dark web market on the Silk Road.

In February, the former governor of Illinois Rod Plagivich He received the presidential pardon. Blagojevich spent eight years in prison after being convicted of trying to sell the Senate seat that Barack Obama had evacuated, after the Senator was elected in the first magazines in 2008.

In February, Nicola applied to Chapter 11 Banking protection In the American Banking Court of Dilayer.

The company said in a file that it has liabilities ranging from one billion dollars and 10 billion dollars, and assets ranging between 500 million dollars and 1 billion dollars. It also sought the court’s approval to follow up on the sale of the company, saying that it has about 47 million dollars in cash.

Nicolas, which are made primarily from all electrical and fuel electric degrees, have struggled in recent years. The company has sold only 600 vehicles since 2022, as of the last third quarter.

As the company’s capital shrinks, many of its trucks were called as a result of defects. At its collective conference in the third quarter, the company warned the investors that it has enough money to finance operations in the first quarter of 2025, but not after that.

The collapse of Nicolas comes just five years after reaching the market value of $ 30 billion in 2020, which exceeds that Ford at that time.

The evaluation was provided with misleading data by Milton, who was accused in July 2021.

According to public prosecutors, from November 2019 to September 2020, Milton has caused investment in Nicolas “through wrong and misleading data regarding the development of Nicola products … through social media, television, publications and podcasts.”

“Milton has made false claims regarding almost all aspects of Nicolas’s work,” said the Public Prosecutor’s Office in Manhattan at the time of his accusation.

These wrong allegations included “the company has achieved early success in creating a preliminary model” that works completely “known as” Nikola One “, when Milton knew that the initial model was indisputable.

The office also said that Milton made wrong and misleading statements that Nicolas designed and built a hydrogen and hydrogen pick -up truck known as “Al Ghurair” from “lands” using Nicolas parts and technology, when Milton knew this is not true.

Last fall, a judge confirmed an arbitration award for nearly $ 168 million against Milton because of his misleading statements about Nicolas.

CNBC Emon Jafs Contribute to this story.