The S.E.C. Drops Efforts to Recoup Funds From Trump Clemency Recipients

Devon Archer, Trevor Milton and Carlos Watson were convicted in fraud schemes totaling hundreds of millions of dollars. Now, they will not be required to pay back victims.

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Trump Pardons Trevor Milton, Founder of Bankrupt Truck Maker Nikola

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

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Nikola, Electric Truck Maker, Files for Bankruptcy

The company, which once enjoyed a surging stock price, struggled to turn its plans for electric and hydrogen trucks into a viable business.

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