Regulation
Sam Bankman-Fried Parents Seek Trump’s Pardon For FTX Founder
The parents of FTX co-founder Sam Bankman-Fried have reportedly sought legal advice on securing a presidential pardon for their son from Donald Trump. Joseph Bankman and Barbara Fried, both Stanford Law School professors, have held meetings with legal professionals and individuals connected to Trump’s circle regarding potential clemency.
Their efforts come after Sam Bankman-Fried was sentenced to 25 years in prison for fraud related to the collapse of the cryptocurrency exchange FTX.
Sam Bankman-Fried’s Parents Meet Lawyers to Secure Trump’s Pardon
According to a recent Bloomberg report, Sam Bankman-Fried’s parents are exploring ways to secure a pardon from Donald Trump. They have met with lawyers and other individuals linked to Trump’s network.
These discussions focused on the possibility of obtaining clemency for their son. However, there is no confirmation of any direct outreach to the White House.
Notably, during his presidency, Donald Trump granted pardons to several high-profile individuals. The case of Ross Ulbricht, founder of Silk Road, has been a key reference point for those seeking similar relief. Ulbricht, convicted of drug trafficking and money laundering, received a strong push from the crypto community for clemency.
Unlike Ulbricht, Sam Bankman-Fried does not currently have widespread public support advocating for a pardon. However, he has argued that his 25-year sentence was excessive, citing that most FTX customers have recovered their lost funds. Some legal experts believe this claim could be a factor in potential clemency discussions.
This Is A Developing Story, Please Check Back For More
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: