00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Sam Bankman-Fried has formally applied for a presidential pardon, according to Bloomberg.
00:07The 34-year-old submitted an application to the Justice Department's Pardon Attorney Office,
00:12requesting a pardon after completion of sentence.
00:15Sam Bankman-Fried received a 25-year prison sentence in 2024 for orchestrating a fraud
00:20at FTX that cost lenders, customers, and investors $10 billion.
00:26Bankman-Fried has used social media and conservative news outlets to seek executive relief from Trump,
00:31who told the New York Times in January he had no plans to pardon him.
00:35From a low-security prison in California, Bankman-Fried has publicly supported Trump
00:40while awaiting a ruling from New York's Federal Appeals Court on his bid to overturn his conviction.
00:46For all things money, visit Benzinga.com.
Comments