Trump Pardons Former Congressman Stephen Buyer Convicted of Insider Trading

Donald Trump has issued a full pardon to Stephen Buyer, a former Republican congressman from Indiana, who served nearly two years in prison for insider trading. Buyer was sentenced in 2023 to 22 months for illegal stock trades made while he was a consultant and lobbyist, and was ordered to forfeit over $350,000 in illegal gains and pay a $10,000 fine. The pardon, described as 'full, complete, and unconditional,' referenced Buyer’s career as a judge advocate general in the Army and his service in the House of Representatives. Buyer has maintained his innocence, stating that the pardon corrects a politically motivated prosecution. He was convicted in connection with insider trading related to the $26.5 billion merger of T-Mobile and Sprint and other trades involving Navigant Consulting. The pardon was dated Thursday and released by the White House on Friday. U.S. Attorney for the Southern District of New York, Damian Williams, stated that Buyer was convicted for abusing positions of trust for personal gain.