BeInCrypto reported earlier that there were significant concerns about Sam Bankman-Fried, the former FTX founder getting an early release from prison through Biden’s outgoing presidential pardon.

Tweets from influential figures like Elon Musk suggest that it’s a significant possibility. But what are the facts for such considerations? How likely is the FTX founder to leave prison less than a year after his conviction? 

Sam Bankman-Fried Donated Over $5 Million to Biden’s Campaign

Back in 2020, when FTX’s success was at its peak, Sam Bankman-Fried donated $5.2 million to pro-Biden super PACs during the election. He was the second largest individual donor for the Democratic party after Michael Bloomberg.

Historically, political donors and their affiliates have received significant advantages in terms of convictions and pardon considerations. Take Marc Rich, for example. The infamous oil trader evaded at least $50 million in tax back in 2021.

However, Rich was pardoned by Clinton on his last day in office. The pardon was controversial because Rich’s ex-wife Denise was a major Democratic donor. She contributed significantly to Clinton’s presidential library and the Democratic National Committee. 

Similarly. Paul Pogue, another convicted tax fraud, was pardoned by Donald Trump in 2020. Reports suggested that this was due to Pogue’s family donating over $200,000 to Trump’s campaign.

“Sam Bankman-Fried used millions of stolen customer funds to fund political campaigns. SBF gave almost entirely to Democrats (98%) making him the second largest Dem donor. There is now a 12% chance Biden will pardon him,” Predictions market Kalshi posted on X (formerly Twitter).

So, given the historical controversy of political donors being more likely to receive clemency, it wouldn’t be too far-fetched to assume that Sam Bank

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Author: Mohammad Shahid