Will Donald Trump pardon Sam Bankman-Fried, FTX cofounder, who was convicted of fraud and is serving a 25-year prison sentence? He is cozying up to the president and Elon Musk
Sam Bankman-Fried, the cofounder of the collapsed cryptocurrency exchange FTX, is currently serving a 25-year prison sentence following his conviction on multiple fraud charges in November 2023. In recent interviews, Bankman-Fried has expressed dissatisfaction with the Biden administration and has shown support for President Donald Trump and tech entrepreneur Elon Musk. This shift in allegiance has led to speculation about the possibility of a presidential pardon.
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Could President Trump pardon Sam Bankman-Fried?
As President, Donald Trump holds the authority to grant pardons for federal offenses. Bankman-Fried's recent favorable comments towards Trump and Musk have fueled discussions about a potential pardon. In an interview from a Brooklyn prison, he criticized the Biden administration's Department of Justice for alleged politicization and praised Musk's approach to reducing government bureaucracy. Bankman-Fried stated, «I became really frustrated and disappointed with what I saw of Biden’s administration of the Democratic Party.»
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Has President Trump pardoned individuals with similar convictions?
During his previous term, President Trump granted clemency to several
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