The dad and mom of FTX co-founder Sam Bankman-Fried have reportedly sought authorized recommendation on securing a presidential pardon for his or her son from Donald Trump. Joseph Bankman and Barbara Fried, each Stanford Law School professors, have held conferences with authorized professionals and people related to Trump’s circle concerning potential clemency.
Their efforts come after Sam Bankman-Fried was sentenced to 25 years in jail for fraud associated to the collapse of the cryptocurrency change FTX.
Sam Bankman-Fried’s Parents Meet Lawyers to Secure Trump’s Pardon
According to a latest Bloomberg report, Sam Bankman-Fried’s dad and mom are exploring methods to safe a pardon from Donald Trump. They have met with legal professionals and different people linked to Trump’s community.
These discussions targeted on the potential for acquiring clemency for his or her son. However, there was affirmation of any direct outreach to the White House.
Notably, throughout his presidency, Donald Trump granted pardons to a number of high-profile people. The case of Ross Ulbricht, founding father of Silk Road, has been a key reference level for these in search of related reduction. Ulbricht, convicted of drug trafficking and cash laundering, acquired a robust push from the crypto group for clemency.
Last week, the Silk Road founder was granted a full pardon by President Donald Trump after serving 11 years in jail. The determination, introduced on Trump’s Truth Social platform, fulfilled his marketing campaign promise and sparked widespread debate.
However, in contrast to Ulbricht, Sam Bankman-Fried doesn’t at the moment have widespread public assist advocating for a pardon. However, he has argued that his 25-year sentence was extreme, citing that the majority FTX clients have recovered their funds. Some authorized specialists imagine this declare might be a think about potential clemency discussions.
Legal Consultants Receive Clemency Requests
Jeffrey Grant, a authorized advisor specializing in white-collar instances, reported a surge in clemency requests. He famous that people just lately sentenced or awaiting jail phrases have been in search of authorized pathways for potential pardons.
The authorized advisor acknowledged,
“We have been hearing from people in prison, from people recently sentenced who haven’t reported to the Bureau of Prisons yet, from people who have been indicted. They are looking for somebody who knows somebody.”
White-collar jail advisor Sam Mangel has additionally confirmed engaged on a number of clemency instances. He acknowledged that steering from Trump’s interior circle instructed avoiding instances involving violent crimes, intercourse offenses, or unlawful immigration.
Conviction and the Path Forward
Sam Bankman-Fried was convicted in 2023 on fraud fees associated to the downfall of FTX. He was sentenced to 25 years for deceptive traders and mismanaging funds. His authorized staff has filed an enchantment, however a pardon from Donald Trump might present another route for his launch.
While Trump has beforehand issued pardons exterior the formal Justice Department course of, it stays unsure if Sam Bankman-Fried will obtain the identical consideration. His dad and mom’ authorized efforts proceed as they discover all attainable choices for clemency.
Meanwhile, aside from pardoning Silk Road’s Ross Ulbricht, President Donald Trump has continued to satisfy his marketing campaign guarantees. Recently, the US president signed an govt order to develop a nationwide digital asset stockpile, reinforcing his dedication to crypto and AI. The order establishes a crypto working group led by AI and Crypto Czar David Sacks to supervise laws and trade engagement.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with 4 years {of professional} expertise, having contributed considerably to varied media retailers on cryptocurrency developments and applied sciences. With over 4000 printed articles throughout numerous media retailers, he goals to tell, educate and introduce extra folks to the Blockchain and DeFi world. Outside of his journalism profession, Ronny enjoys the joys of motorcycle using, exploring new trails and landscapes.
Disclaimer: The introduced content material might embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability in your private monetary loss.
