Record at a Glance
- Clemency type
- Pardon
- Presidential term
- 2025–Present
- Federal district
- Southern District of New York
- Offense
- Securities fraud; wire fraud (two counts)
- Sentence
- 48 months' imprisonment; three years' supervised release; (December 18, 2023)
- Current status
- The SEC announced dismissal of its separate civil enforcement action against Milton on September 11, 2025. That civil dismissal does not alter or itself vacate the criminal jury verdict; the March 2025 full pardon supplies the federal-criminal clemency status.
Original Case
In S.D.N.Y., a jury convicted Milton of one securities-fraud count and two wire-fraud counts concerning false statements about Nikola’s technology and business. On December 18, 2023, he received 48 months’ imprisonment, three years’ supervised release, a $1 million fine, and forfeiture of a Utah property. The criminal jury verdict and sentence are distinct from later SEC civil proceedings.
Clemency
Trump granted Milton a full and unconditional pardon on March 27, 2025 before he began serving the 48-month prison term. The grant ended the federal criminal punishment, including the remaining fine and forfeiture consequences covered by the warrant; it was separate from the SEC’s later decision to dismiss its civil case.
Trump Connection
Milton and his wife contributed more than $1.8 million to a Trump re-election committee in October 2024, after Milton’s conviction and before the pardon. Asked about the grant, Trump said it had been “highly recommended” and suggested Milton had been prosecuted because he was an early supporter. The donation, timing, and presidential explanation are all part of the public record; none by itself proves that money was exchanged for clemency.
Since Clemency
2025-09-11 · civil enforcement disposition
The SEC announced dismissal of its civil enforcement action against Milton in S.D.N.Y. No. 1:21-cv-06445.
Legal Status: Civil enforcement disposition, separate from the criminal conviction and presidential pardon.
- Development Source
SEC dismissal of civil enforcement actionU.S. Securities and Exchange Commission
- Development Source
2026-10-06 · congressional oversight inquiry
Senators Peter Welch and Richard Blumenthal and Representatives Dave Min and Mary Gay Scanlon wrote HHS Secretary Robert F. Kennedy Jr. seeking information about his reported involvement in Milton's pardon, his relationship with Milton, and financial or political connections surrounding the clemency request.
Legal Status: Congressional request for information, not a criminal charge or finding that clemency was purchased. The letter requested a response by October 20; no response or later outcome was verified in this review.
- Development Source
Letter to HHS Secretary Robert F. Kennedy Jr. concerning Trevor Milton clemency, October 6, 2026U.S. Senators Peter Welch and Richard Blumenthal and U.S. Representatives Dave Min and Mary Gay Scanlon2026-10-24
- Development Source
Sources
- Primary Documentation
DOJ: Clemency Grants by President Donald J. Trump (2025–Present)U.S. Department of Justice2026-09-24 - Primary Documentation
DOJ clemency document: Trevor MiltonU.S. Department of Justice, Office of the Pardon Attorney2026-09-24 active - Primary Documentation
Original prosecution and sentenceU.S. Department of Justice - Primary Documentation
Signed pardon warrantDOJ / President of the United States - Primary Documentation
SEC dismissal of civil enforcement actionU.S. Securities and Exchange Commission - Supporting Reporting
Pardon and campaign-support reportingAssociated Press