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Milton's Pardon Clears Path to New Venture

Wall Street Journal US Business •
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Trevor Milton, the former CEO of Nikola Motors convicted of defrauding investors, has received a pardon that erased his criminal conviction. The controversial development clears the way for Milton to re-enter business circles despite his 2022 conviction on fraud charges related to false claims about the company's technology.

Milton now pursues a new venture in aviation, actively raising funds for an innovative jet he promises will revolutionize air travel. Despite his history of misleading investors, the entrepreneur claims "We can trust you now" as he seeks capital for his latest project that he describes as transformative for the industry.

The pardon raises questions about investor confidence and accountability in the business world. Milton's ability to secure funding despite his past could signal shifting attitudes toward white-collar crime, potentially making it easier for other executives with criminal records to return to positions of influence in the market.