Pardon
Sam Bankman-Fried loses appeal of fraud conviction
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A federal appeals court upheld Sam Bankman-Fried’s fraud conviction and 25-year sentence on Friday. The former FTX CEO continues to seek a presidential pardon from Donald Trump as his remaining option.
Sam Bankman-Fried, the imprisoned founder of the collapsed FTX exchange, has formally applied for a presidential pardon from Donald Trump. The move triggered a sharp rally in the FTT token, which rose more than 50 percent in a day.
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The Prosecutor's Office has sent the Supreme Court a report supporting a partial pardon for Álvaro García Ortiz, sentenced to two years of disqualification for disclosing reserved data. The document highlights the disproportionate extrapenal consequences of the conviction.
President Donald Trump has commuted the prison sentence of former Rep. George Santos, leading to his immediate release from a federal facility in New Jersey. Santos, convicted of wire fraud and identity theft, expressed profound gratitude to Trump on social media. The move follows Santos' guilty plea and sentencing earlier this year.