KeyTakeaways:
Bankman-Fried’s dad and mom meet with Trump allies to debate securing a pardon.Regardless of the authorized enchantment, Bankman-Fried lacks the assist seen in earlier clemency instances.Authorized neighborhood reviews a surge of pardon inquiries from white-collar defendants.
The dad and mom of Sam Bankman-Fried, the co-founder of the now-collapsed cryptocurrency trade FTX, are reportedly exploring the potential of securing a pardon for his or her son.
Based on a Bloomberg report, Joseph Bankman and Stanford Regulation Faculty professor Barbara Fried not too long ago met with people related to President Donald Trump to debate the matter.
This comes after Trump granted clemency to people reminiscent of former Silk Highway founder Ross Ulbricht, who was serving a life sentence for severe crimes. Nevertheless, Bankman-Fried lacks the identical degree of public assist Ulbricht obtained, and the specifics of any outreach to the White Home stay unclear.
Bankman-Fried’s Authorized Scenario and Attraction Course of
Bankman-Fried’s authorized staff has additionally appealed towards his 2023 conviction, arguing that his sentence was excessively harsh, contemplating the restoration of most of FTX’s buyer funds.
Regardless of this, his path to clemency stays unsure, and lots of imagine that his case lacks the identical groundswell of assist that led to Ulbricht’s pardon. Moreover, Ryan Salame, a former FTX government sentenced to greater than seven years in jail, additionally intends to hunt a pardon.
The pattern of looking for pardons from Trump continues to develop. Authorized consultants report receiving excessive inquiries from defendants in comparable conditions. Sam Mangel, a white-collar jail marketing consultant who has labored on clemency requests for high-profile shoppers, indicated that Trump’s swift pardon actions have led to a broader curiosity from each these already imprisoned and people awaiting sentencing.
Nevertheless, some consultants, reminiscent of Jeffrey Grant, warning towards prioritizing people with influential connections over these in jail for longer durations with out such connections.
Similarities Between Bankman-Fried and Trump
Bankman-Fried’s scenario is just like Trump’s authorized battles. Each have accused U.S. District Decide Lewis A. Kaplan, who oversaw Bankman-Fried’s trial, of being unfair to them.
Trump’s authorized staff has additionally been within the highlight over high-profile defamation and assault lawsuits, and his historical past with clemency grants has added one other layer of complexity to the Bankman-Fried case.
