{"id":1653,"date":"2026-06-10T13:10:03","date_gmt":"2026-06-10T13:10:03","guid":{"rendered":"https:\/\/homebuyerrelocation.com\/?p=1653"},"modified":"2026-06-10T13:10:03","modified_gmt":"2026-06-10T13:10:03","slug":"crypto-convict-sam-bankman-fried-asks-trump-for-pardon","status":"publish","type":"post","link":"https:\/\/homebuyerrelocation.com\/?p=1653","title":{"rendered":"Crypto convict Sam Bankman-Fried asks Trump for pardon"},"content":{"rendered":"<div>\n<div>\n<div>\n<p>Crypto \u201cposter boy\u201d Sam Bankman-Fried is seeking a pardon from President Trump.<\/p>\n<p>The Justice Department\u2019s Office of the Pardon Attorney website shows that Bankman-Fried, who is serving 25 years in federal prison, is seeking a pardon \u201cafter completion of sentence.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/homebuyerrelocation.com\/?p=1651\">Iran launches new attacks at regional neighbors in retaliation for U.S. strikes<\/a><\/p>\n<p>Bankman-Fried, 34, was convicted in 2024 on seven felony counts of fraud, conspiracy and money laundering connected to \u201cfraudulent schemes\u201d involving his FTX cryptocurrency exchange.<\/p>\n<p>He has been busy praising Mr. Trump on his prison-approved X account.<\/p>\n<p>Earlier this month, for example, he posted about the S&amp;P 500 reaching another all-time high under the Trump administration and noted much slower growth at the same point in Mr. Biden\u2019s presidency. In March, he posted about the Iran war, noting, \u201cThe costs of striking Iran are real, but so is the nuclear threat.\u201d<\/p>\n<p>His family has sought a pardon from the president.<\/p>\n<p>Mr. Trump has granted clemency to more than 1,600 convicts during his second term, including Changpeng Zhao \u2014 who headed the cryptocurrency exchange Binance and served four months in prison for violating anti-money laundering and sanctions law.<\/p>\n<p>Mr. Trump told The New York Times earlier this year he had no intention of pardoning Bankman-Fried and a list of other prominent convicts.<\/p>\n<p>Read more <a href=\"https:\/\/homebuyerrelocation.com\/?p=1649\">Trump says Iran is \u2018all talk and no action,\u2019 issues new threats<\/a><\/p>\n<p>Prosecutors said Bankman-Fried stole billions of dollars from customers and funneled the money into his quantitative trading firm, Alameda Research, to pay for investments, loans, real estate and political donations.<\/p>\n<p>Customers lost close to $9 billion when FTX collapsed after a spike in customer withdrawals exposed the funneling of money to Alameda Research.<\/p>\n<p>Bankman-Fried\u2019s defense team argued the young executive made mistakes due to his inexperience and external factors beyond his control and that he never intended to commit fraud.<\/p>\n<p>Bankman-Fried could be released as early as 2044 under reduced sentencing guidelines for good behavior.<\/p>\n<p>Read more <a href=\"https:\/\/homebuyerrelocation.com\/?p=1647\">Taiwan fires rockets in China\u2019s direction from a U.S.-supplied mobile launching system in drill<\/a><\/p>\n<p>He is housed in California at a low-security federal prison near Santa Barbara.<\/p>\n<\/div>\n<\/div>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto &#8220;poster boy&#8221; Sam Bankman-Fried is seeking a pardon from President Trump.<\/p>\n","protected":false},"author":1,"featured_media":1652,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,7],"tags":[1172,1171],"class_list":["post-1653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics","tag-ftx","tag-sam-bankman-fried"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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