SBF praised Trump for pardoning the former Honduran president and publicly seeking a pardon for himself.
AI Summary1 min read
TL;DR
SBF praised Trump's pardon of a former Honduran president while seeking his own pardon, but his $5.2 million donation to Biden's campaign makes it unlikely. He is serving 25 years for fraud, with an appeal pending.
Tags
SBFTrump pardonfraud caseFTXlegal appeal
According to Mars Finance, former FTX CEO Sam Bankman-Fried (SBF) praised President Trump's decision to pardon former Honduran President Juan Orlando Hernández on social media on Tuesday, saying, "Few people deserve freedom more than him." Hernández was previously sentenced to 45 years in prison for drug-related offenses. SBF himself is currently serving a 25-year sentence for misappropriating billions of dollars in client funds on charges of fraud and conspiracy, and is hoping for a pardon from Trump. However, analysts point out that SBF's chances of being pardoned are extremely low, given his $5.2 million donation to the Biden campaign in 2020. SBF's appeal is currently being heard in the U.S. Second Circuit Court of Appeals, and a result is expected next year. (The Block)