Sam Bankman-Fried Seeks Trump Pardon After 25-Year FTX Fraud Sentence
Updated
Updated · BBC.com · Jun 8
Sam Bankman-Fried Seeks Trump Pardon After 25-Year FTX Fraud Sentence
3 articles · Updated · BBC.com · Jun 8
Summary
Justice Department records show Sam Bankman-Fried filed a "pardon after completion of sentence" request, asking President Donald Trump to forgive his fraud convictions rather than shorten his prison term.
The 34-year-old former billionaire is only two years into a 25-year sentence tied to FTX and Alameda Research, while still appealing and maintaining his innocence.
FTX collapsed in 2022 after prosecutors said Bankman-Fried used customer deposits for personal investments and debt payments, helping turn him from a crypto star into one of the industry's highest-profile convicts.
More than 20,000 clemency requests are pending, and Trump has granted several high-profile pardons in his second term, but he said earlier this year he would not pardon Bankman-Fried.