Trump's Pardon Shakes Insider Trading Case

Former U.S. Representative Stephen Buyer received a pardon from President Donald Trump after being sentenced to 22 months in prison for insider trading. Buyer acted as a consultant for T-Mobile US Inc. regarding its $23 billion merger with Sprint in 2018.

In a surprising turn of events, President Donald Trump granted a pardon to former U.S. Representative Stephen Buyer, who had been sentenced to prison for insider trading.

Buyer had been involved in providing consultancy for T-Mobile US Inc. prior to its high-profile merger with Sprint, valued at $23 billion, which occurred in 2018.

Buyer's sentence was given in light of his misuse of confidential information to influence stock trading decisions, but he is now free from serving his 22-month term.