Sam Bankman-Fried (SBF), the former CEO of the bankrupt crypto exchange FTX, is at the center of speculation about a possible presidential pardon. 

The rumors are based on his links to the Democratic Party and his early donations to President Biden’s 2020 campaign. 

Outrageous Speculations about Sam Bankman-Fried’s Pardon

Convicted on all seven counts of fraud and embezzlement in November 2023, Bankman-Fried received a 25-year prison sentence. Federal prosecutors had sought a term of 40 to 50 years while his defense team argued for six years.

As one of the Democratic Party’s major donors, he provided $5.2 million to pro-Biden super PACs during the 2020 election cycle. 

In fact, the FTX founder was the second-largest individual donor after Michael Bloomberg. These connections have raised concerns about whether political ties could influence leniency in his case.

Meanwhile, the discussion gained momentum after Tesla CEO Elon Musk commented on the topic via social media, suggesting he would be “shocked” if Sam Bankman-Fried is not pardoned. 

Musk’s remarks added to existing skepticism about favoritism, particularly in light of past controversial pardons under President Joe Biden.

“Sam Bankman-Fried used over $100 million in stolen customer funds to donate to political campaigns. Watch him get pardoned. 100% Biden,” wrote Jason Williams. 

Biden’s recent decisions suggest that he is not afraid to make outrageous decisions as he leaves office. For instance, Michael Conahan, a former Pennsylvania judge involved in the “kids-for-cash” scandal, Go to Source to See Full Article
Author: Mohammad Shahid