The S.E.C. Drops Efforts to Recoup Funds From Trump Clemency Recipients NYT | Top Stories Kenneth P. Vogel 20 September 2025 at 01:28 Devon Archer, Trevor Milton and Carlos Watson were convicted in fraud schemes totaling hundreds of millions of dollars. Now, they will not be required by the government to pay back victims. © Photographs by Brittainy Newman/Associated Press, J. Scott Applewhite/Associated Press and Brendan McDermid/ReutersFrom left, Trevor Milton, Devon Archer and Carlos Watson all allied themselves with President Trump as they pursued pardons for white-collar fraud.