Trump Pardons Former Congressman Stephen Buyer Convicted in Insider Trading Scandal

President Donald Trump granted a pardon to Stephen Buyer, a former Indiana Congressman, convicted of securities fraud related to insider trading during a T-Mobile and Sprint merger. The pardon was backed by the advice of over 50 lawmakers, citing Buyer's distinguished service despite his conviction earlier this year.

President Donald Trump has granted a pardon to Stephen Buyer, a former U.S. Representative from Indiana convicted of insider trading. Buyer was found guilty in March 2023 of using confidential information as a T-Mobile consultant to buy stocks before its 2018 merger with Sprint.

The pardon, announced on Friday by the White House, cites Buyer's distinguished service in the military and Congress, backed by recommendations from 52 current and former lawmakers. Buyer, once a House manager in President Clinton's impeachment trial, denied the charges but was sentenced to 22 months in prison.

Prosecutors claimed Buyer illegally profited by more than $300,000 from stock trades, abusing client trust. Previously, the Supreme Court declined to review Buyer's appeal. Despite the conviction, Trump's pardon is unconditional and complete.