Jailed crypto founder Sam Bankman-Fried seeks Trump pardon
Summary
Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, is serving a 25-year prison sentence for fraud. He has applied for a pardon from President Donald Trump that would forgive his crimes after he completes his sentence.Key Facts
- Sam Bankman-Fried was convicted of fraud related to FTX and Alameda Research.
- He is currently serving a 25-year jail sentence and has served two years so far.
- Bankman-Fried filed a request for a "pardon after completion of sentence" with the Department of Justice.
- This type of pardon forgives the crime but does not shorten the prison time.
- He has not asked for a commutation, which would reduce his sentence.
- Bankman-Fried maintains his innocence and is appealing his sentence.
- FTX collapsed in 2022 amid allegations he misused customer funds.
- President Trump has granted many pardons during his second term but previously said he would not pardon Bankman-Fried.
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