4 months ago
The parents of prisoned crypto fraudster Sam Bankman-Fried are reportedly exploring however to unafraid a statesmanlike pardon from President Donald Trump for their son, according to a Bloomberg report.
Joseph Bankman and Barbara Fried, some professors astatine Stanford Law School and portion of FTX’s interior circle, are reportedly engaging with individuals connected to Trump's interior circle, according to the report.
In caller weeks SBF's parents person tried to prosecute with the Trump medication to sermon imaginable clemency for their 32-year-old son, who was handed a 25-year situation condemnation aft being convicted of fraud. The specifics of whether nonstop communications with the White House person occurred stay unclear, per Bloomberg.
The entreaty for a pardon leans connected Trump's caller past of utilizing his clemency powers to escaped widely-supported individuals, specified arsenic Silk Road laminitis Ross Ulbricht. Unlike Ulbricht, however, Bankman-Fried lacks wide nationalist support, though helium argues his condemnation is excessively harsh, particularly since astir FTX customers person recovered their fiscal losses.
Bankman-Fried's FTX, formerly the world's 3rd largest crypto exchange, went bust successful November 2022 aft a CoinDesk scoop said the platform's sister concern, Alameda Research, was connected shaky fiscal footing.
It was aboriginal recovered that Alameda utilized backdoor codification to raid billions successful lawsuit funds from FTX — an statement helmed by Bankman-Fried and different Alameda founding members.
The once-crypto titan has since been sentenced to 25 years successful situation and ordered to forfeit $11 cardinal aft getting convicted of 7 counts of fraud, conspiracy, and wealth laundering.
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