"President Donald Trump said this week that he has no intention of pardoning Sam Bankman-Fried, the former FTX chief executive who is serving a lengthy federal prison sentence for one of the largest financial frauds in U.S. history. In an interview with The New York Times, Trump was asked whether he would consider granting clemency to several high-profile inmates. Among the names raised was Bankman-Fried, the onetime cryptocurrency billionaire convicted in 2023 of stealing billions of dollars from FTX customers."
"Bankman-Fried was sentenced in November 2024 to 25 years in prison after a New York jury found him guilty on seven counts, including wire fraud and conspiracy. Prosecutors said he orchestrated a scheme that diverted customer funds to prop up his hedge fund, Alameda Research, while presenting FTX as a safe and compliant exchange. The collapse wiped out billions in customer assets and triggered a global crackdown on crypto firms."
President Donald Trump said he is not considering granting clemency to Sam Bankman-Fried, ending speculation about a presidential pardon. Bankman-Fried was convicted in 2023 on seven counts, including wire fraud and conspiracy, and was sentenced in November 2024 to 25 years in prison. Prosecutors said he diverted customer funds to prop up Alameda Research while portraying FTX as safe and compliant. The FTX collapse wiped out billions in customer assets and spurred a global crackdown on crypto firms. Bankman-Fried pursued public-facing appeals, including a jailhouse interview with Tucker Carlson, and his parents sought leniency at sentencing.
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