The S.E.C. Drops Efforts to Recoup Funds From Trump Clemency Recipients NYT | Top Stories By: Kenneth P. Vogel 19 September 2025 at 22:07 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. © 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.
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