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.

Trevor Milton, the founder of Nikola Motors who was convicted of defrauding investors in his zero-emission truck company, has been pardoned by President Donald Trump, the White House confirmed Friday.