en.wikipedia.org/wiki/Trevor_Milton
3 corrections found
He was sentenced to four years in prison, a US$1 million fine and $168 million in restitution.
Milton's December 2023 sentence included four years in prison and a $1 million fine, but not a $168 million restitution order.
Full reasoning
This sentence description incorrectly says restitution was part of Milton's sentence. The U.S. Attorney's Office press release on his sentencing said he was sentenced to four years in prison, three years of supervised release, and a $1 million fine. It does not list any restitution amount. The Justice Department's clemency page for President Trump's March 27, 2025 pardon likewise summarizes Milton's sentence as "48 months' imprisonment; three years' supervised release" with no restitution listed. Contemporary reporting on the pardon also said the pardon could wipe out restitution that prosecutors were seeking for investors, which indicates that restitution had not been imposed as part of the sentence itself.
3 sources
- Trevor Milton Sentenced To Four Years In Prison For Securities Fraud Scheme
U.S. Attorney Damian Williams said: “Trevor Milton lied to investors again and again ... Today, Milton was sentenced to four years in prison, followed by three years of supervised release, and ordered to pay a $1 million fine.”
- Office of the Pardon Attorney | Clemency Grants by President Donald J. Trump (2025-Present)
March 27, 2025 - 6 Pardons ... Trevor Milton ... 48 months' imprisonment; three years' supervised release; (December 18, 2023) Securities fraud; wire fraud (two counts).
- Convicted of bilking investors, Nikola founder and Trump donor gets a presidential pardon
The pardon of Milton ... could wipe out hundreds of millions of dollars in restitution that prosecutors were seeking for defrauded investors.
allowing him to work in security-related positions.
The SEC case concerned securities-law remedies such as an officer-and-director bar, not generic "security-related" jobs.
Full reasoning
This sentence mixes up securities regulation with security-related employment. In the SEC's 2021 fraud case against Milton, the agency said it was seeking a permanent injunction, a conduct-based injunction, an officer and director bar, disgorgement with prejudgment interest, and civil penalties. Those are securities-law remedies tied to the capital markets and leadership of public companies. When the SEC dismissed the case in September 2025, it dropped that civil enforcement action; it did not issue any statement about Milton being free to take "security-related positions." In other words, the relevant issue was possible restrictions in the securities industry, not employment in "security-related" roles.
2 sources
- SEC Charges Founder of Nikola Corp. With Fraud
The complaint seeks a permanent injunction, a conduct-based injunction, an officer and director bar, disgorgement with prejudgment interest, and civil penalties.
- SEC Announces Dismissal of Civil Enforcement Action Against Former Nikola CEO Trevor R. Milton
The Securities and Exchange Commission today filed a joint stipulation with Defendant Trevor R. Milton to dismiss, with prejudice, the Commission’s ongoing civil enforcement action against him.
In October 2025, it was announced that Milton had acquired SyberJet Aircraft, a private‑jet manufacturer, and assumed the role of Chief Executive Officer.
SyberJet says the company was acquired by a new investment group in 2024; its October 2025 announcement was about Milton's appointment as CEO, not a new acquisition announced then.
Full reasoning
SyberJet's own history page says "SyberJet was acquired by a new investment group in 2024" and that the company is now led by Trevor Milton. Its October 7, 2025 press release separately says the company "announced the appointment of Trevor Milton as Chief Executive Officer." Those two official descriptions do not support the claim that in October 2025 it was announced that Milton had acquired SyberJet. Based on SyberJet's published timeline, the acquisition occurred in 2024, while the October 2025 announcement concerned Milton's CEO appointment and the SJ36 program.
2 sources
- SyberJet Aircraft | History
SyberJet was acquired by a new investment group in 2024. A new executive team was established – now led by renowned entrepreneur Trevor Milton.
- Trevor Milton Appointed to Lead SyberJet’s SJ36 Light Jet Program
PHOENIX, AZ (October 7, 2025) – SyberJet Aircraft today announced the appointment of Trevor Milton as Chief Executive Officer.