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Nikola founder Trevor Milton receives a full pardon from President Trump

Milton was found guilty on three counts of fraud and was sentenced to four years in prison in 2023. He now plans to tell his side of the story in a documentary.

Prosecutors argued that Milton pumped up his company's stock by lying to investors about "nearly all aspects" of Nikola's business, such as having a fully functional electric truck. Following a damning report by short-selling firm Hindenburg Research that prompted an SEC investigation, the company said in 2020 it never claimed that the "truck was driving under its own propulsion in the video," which has been made private on YouTube. On his second day in office, Trump pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison after being charged with money laundering, narcotics trafficking and computer hacking.

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