United States Securities and Exchange Commission v. Milton

  1. September 11, 2025

    SEC Drops Suit Against Nikola Founder After Trump's Pardon

    The U.S. Securities and Exchange Commission on Thursday ended its civil enforcement action in New York federal court against Nikola founder Trevor Milton months after he was pardoned by President Donald Trump for his securities fraud conviction on charges of lying to boost the company's stock on Wall Street.

  2. August 09, 2022

    Nikola Founder's SEC Suit Paused As Criminal Trial Looms

    A New York federal judge paused the U.S. Securities and Exchange Commission's civil suit alleging Nikola Corp. founder Trevor Milton fraudulently raised billions for the electric-truck startup by misleading investors, saying the government's upcoming criminal trial against Milton should play out first.

  3. August 27, 2021

    Nikola Founder, Feds Clash Over Investor Fraud Forum

    The U.S. Securities and Exchange Commission and Nikola Corp. founder Trevor Milton are sparring over whether the SEC can pursue parallel New York federal court claims that Milton misled investors to fraudulently raise billions for the electric-truck startup while the government's criminal case is also proceeding.

  4. July 29, 2021

    Nikola Founder Charged In NY With Lying To Raise Billions

    The Manhattan U.S. attorney's office unveiled fraud charges against Nikola Corp. founder and onetime chairman Trevor Milton on Thursday, accusing him of lying to investors about his company's ability to build an electric- and hydrogen-powered truck, dubbed the Badger, and unlawfully raising billions of dollars.