Trump Pardons Stephen Buyer, Ex-Congressman Sentenced to 22 Months for Insider Trading
Updated
Updated · The New York Times · Jun 6
Trump Pardons Stephen Buyer, Ex-Congressman Sentenced to 22 Months for Insider Trading
3 articles · Updated · The New York Times · Jun 6
Summary
Stephen Buyer, a former Indiana Republican congressman convicted in 2023 on four securities-fraud counts, received a Trump pardon dated June 4.
The White House proclamation cited Buyer's Army JAG and House service, and said the clemency was backed by Republicans including Senators Roger Wicker and Lindsey Graham and former Speaker John Boehner.
Prosecutors said Buyer traded on merger information from consulting clients after leaving Congress, buying $568,000 of Sprint securities and more than $1 million of Navigant stock for profits exceeding $334,000.
The pardon adds to Trump's broad clemency push since returning to office, with dozens of white-collar defendants granted pardons or commutations.
Buyer's case lands as Congress is still debating tighter stock-trading limits for lawmakers, with House Republicans advancing a bill Democrats say leaves major loopholes.