FTX co-founder Sam Bankman-Fried has formally applied for a presidential pardon from US President Donald Trump. Sam is currently serving a 25-year jail sentence for defrauding FTX customers by misappropriating billions of dollars of their funds.

Sam Bankman-Fried, the former crypto billionaire who orchestrated one of the largest financial frauds in history, officially asked President Donald Trump for a pardon, according to the Justice Department’s website.

WASHINGTON, June 5 (Reuters) - President Donald Trump has pardoned former U.S. Representative Stephen Buyer, an Indiana Republican, who was convicted of securities fraud for engaging in insider trading in 2018 as a T-Mobile US consultant ahead of a $23 billion merger with Sprint.