Posts

Showing posts with the label white-collar defendants

Sam Bankman-Fried's Parents Seek Pardon From President Trump

Sam Bankman-Fried’s parents are reportedly seeking a Presidential pardon for him from Donald Trump, a Bloomberg report says. Stanford Law School Professors Joseph Bankman and Barbara Fried reportedly had meetings in recent weeks with lawyers and other figures considered to be in Trump’s orbit about clemency for their son, Bloomberg reports. JUST IN: Sam Bankman-Fried's parents explore seeking a pardon from President Trump for their son, Bloomberg reports. pic.twitter.com/FMVUpaEOUf — Watcher.Guru (@WatcherGuru) January 30, 2025 The founder of the collapsed FTX exchange was convicted last fall and is serving a 25-year sentence in prison. FTX’s collapse is one of the biggest controversies in the history of the digital asset sector. Bankman-Fried was convicted by a jury on seven counts of fraud in 2023. Specifically, those charges include his thievery of customer assets when running the cryptocurrency exchange, and his deceit with the firm’s investors and creditors. Altogether...