In a recent spree of clemency for white collar criminals, President Trump has pardoned Utah entrepreneur Trevor Milton, who was convicted in 2022 of misleading investors in his hydrogen and electric truck company Nikola.

President Trump’s intervention came while Mr. Milton was appealing his conviction on securities and wire fraud charges.

The founder of Phoenix-based truckmaker Nikola Corp. was pardoned by President Trump this week after serving about a year in prison for securities fraud.