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Trevor Milton's Nikola case dropped by SEC following Trump pardon

The US Securities and Exchange Comission (SEC) has dropped its fraud case against Nikola’s founder and former CEO Trevor Milton, after Trump’s pardon six months ago.

The US Securities and Exchange Comission (SEC) has dropped its fraud case against Nikola ‘s founder and former CEO Trevor Milton, after Trump’s pardon six months ago. According to Nikola, Milton’s demand is invalid, as the ex-executive acted in a “grossly negligent, reckless” behaviour, engaging in “bad faith actions” during his time at the company. The filing last month noted that “President Trump expressly decided here that Milton is factually innocent, the pardon did, contrary to the debtors’ assertions, wipe the slate clean.”

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