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Trevor Milton's Nikola Case Dropped by SEC Following Trump Pardon

https://eletric-vehicles.com/nikola/trevor-miltons-nikola-case-dropped-by-sec-following-trump-pardon/
65•xnx•1h ago

Comments

yencabulator•1h ago
Previously: https://news.ycombinator.com/item?id=27996321

It's the party of rules for thee, not for me.

lokar•55m ago
It turns out all of the "institutions", customs and traditions, not technically enforced by law, had an important effect on restraining corruption. Turns out they were only really enforced by the public, but with the general (intentional, IMO) erosion in faith in the government and institutions, the public no longer cares.
twright•4m ago
"Conservatism consists of exactly one proposition, to whit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."
2OEH8eoCRo0•1h ago
Disgusting
rhetocj23•1h ago
Jeez. What a day to be American lol.
Fricken•43m ago
What a decade. It's hard to picture the next one being better.
ToDougie•1h ago
Lest we forget:

"The entire infotainment system is a HTML 5 super computer," Milton said. "That's the standard language for computer programmers around the world, so using it let's us build our own chips. And HTML 5 is very secure. Every component is linked on the data network, all speaking the same language. It's not a bunch of separate systems that somehow still manage to communicate."

https://www.truckinginfo.com/330475/whats-behind-the-grille-... - April 24, 2019

nerdsniper•54m ago
Wow. Quotes like these really illustrate to me that I may have some massive blind spots and lack a lot of skills that help make people lots of money. This fellow is worth $3 billion and just spouts gibberish.

What skills does he have that I completely lack?

maxbond•53m ago
Maybe what you have that Milton lacks is integrity.
kibwen•51m ago
> What skills does he have that I completely lack?

As George Carlin would say, it's a big club, and you ain't in it.

lostmsu•49m ago
Is your tongue smooth?
tptacek•30m ago
Poetry. The ability to be awed by the wonders all around him, and to transmit that awe to others. A true communion with the fantastical.
cogman10•23m ago
Usually rich parents.

That said, looks like this guy is actually more of a "self made man" as he started several businesses out of college with moderate success. The first was an alarm company (Spoiler, those are generally MLMs and there's 100 of them). Looks like he was just successful enough at it.

It's not shocking to me that someone who starts an MLM ends up in trouble with the SEC.

candlemas•22m ago
He doesn't have a conscience.
terminalshort•17m ago
Sales
kolbe•13m ago
Nearly all people value good articulation over intelligence. This is why people who interview well get jobs over people who do good work. It's why Steve Jobs makes billions while Woz doesn't. And why Trevor Milton can bilk investors of claims about HTML5 supercomputers while nerds get brushed off talking about tensor-chip accelerated attention models.

The truly great founders, CEOs, and investors of our generation have generally been people who could see the difference between articulate and intelligent, and valued intelligence as the driving characteristic of people who built their products.

maxbond•54m ago
Hindenburg was wise to pack up shop ahead of this administration. This is a greenlight for fraud.
__mharrison__•45m ago
So much corruption
codyb•41m ago
“I don’t know him, but I was… they say it was very unfair. And they say the thing that he did wrong was he was one of the first people that supported a gentleman named Donald Trump for president,” the President said then.

The filing last month noted that “President Trump expressly decided here that Milton is factually innocent, the pardon did, contrary to the debtors’ assertions, wipe the slate clean.”

Absolutely disgusting. Now he's trying to pull 69 million in legal fees from the company.

candlemas•15m ago
"Milton, 42, and his wife donated more than $1.8 million to a Trump re-election campaign fund less than a month before the November election, according to the Federal Election Commission."

https://apnews.com/article/nikola-trevor-milton-fraud-trump-...

ptaffs•30m ago
So, who loses money here and why aren't they upset? And are they important enough to worry the president. Those of us without stock aren't direct victims here, but someone must be. Bosch is mentioned in one story, I wonder what they're doing. My observation is lots of friends of the president are being forgiven crime, such as the J6ers, who if you believe the documentaries were violent toward the police, but the police aren't minding the pardons?
edot•12m ago
Former shareholders, whoever currently holds the assets of the companies as Nikola is in bankruptcy. Unless those people buy influence, they’re worthless to the current admin.

https://www.nytimes.com/2025/09/19/us/politics/sec-trump-cle...

Each of the above guys did the smart thing of buying influence (Milton retained the attorney general’s brother as his lawyer, for example). In the past you’d have to hide that better, but now it’s out in the open.

One of the guys mentioned in the article is now cleared to work on his new crypto venture. Of course.

xeromal•26m ago
I've seen these driving around Los Angeles and I'm always surprised. They actually kind of made it. lol
DevX101•9m ago
For anyone here planning on doing corporate fraud, just make sure you leave a $1-2MM line item for regulatory assistance.
hypeatei•8m ago
How long until this gets flagged into oblivion and conveniently forgotten? Posts that shine our Dear Leader in a negative light are unacceptable here.
mullingitover•5m ago
The US is really in the worst of both worlds: it's a petrostate, the world's leading fossil fuel producer. With that comes all the tendencies for corrupt authoritarianism and democratic backsliding. However, we don't get the customary low direct taxes. In fact, the taxes are going up on the populace, significantly, (via tariffs) almost in lockstep with the increasingly brazen corruption.

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