Trump issues pardon to former Republican congressman convicted of insider trading
Trump cited Buyer’s military service and 50-plus endorsements in granting the pardon after his 22-month insider-trading sentence.
- President Donald Trump granted a full, unconditional pardon to former Indiana Congressman Steve Buyer, citing his service as a judge advocate general in the Army and his tenure in the House from 1993 to 2011.
- Buyer served 22 months in prison after his 2023 conviction for insider trading during a $23 billion merger between T-Mobile and Sprint, using confidential information from his consulting work to purchase shares before the deals closed.
- More than 52 current and former lawmakers endorsed the pardon, while over 40 former Republicans claimed Buyer was "targeted by the deep state" because of his role in President Bill Clinton's 1998 impeachment trial.
- Buyer claimed the pardon "corrects a politically motivated prosecution," calling it "horrific to be imprisoned for a crime that I did not commit." He maintained his innocence throughout.
- The pardon draws scrutiny as Trump faces criticism over his own stock trades; Eric Trump, an executive of the Trump Organization, dismissed concerns, stating that financial institutions manage investment decisions.
166 Articles
166 Articles
The Billings Gazette
Trump pardons former congressman
WASHINGTON — President Donald Trump pardoned former U.S. Rep. Stephen Buyer, an Indiana Republican who was convicted of securities fraud for engaging in insider trading in 2018 as a T-Mobile U.S. consultant ahead of a $23 billion merger with Sprint.
Trump pardons lawmaker convicted of WHAT?! – The Horn News
President Donald Trump has issued a pardon to Stephen Buyer, a former Republican congressman from Indiana who served nearly two years in prison for making illegal stock trades based on inside information after he left office. Buyer was sentenced to 22 months in prison in 2023 for trades made while working as a consultant and lobbyist. He was ordered to forfeit more than $350,000, representing the amount of the illegal gains, and pay a $10,000 fi…
Donald Trump has pardoned a party friend who had been sentenced to nearly two years in prison for insider trading. The decision is part of a series of controversial pardons.
Trump just pardoned a convicted insider trader, which is terrible timing because three insider-trading stories swirl around him right now
Ever since the Stock Act of 2012, government officials have been warned that they’re not exempt from going to jail for insider trading. Just ask Stephen Buyer, the former Indiana Republican, who had spent nearly two years in federal prison, before Donald Trump decided to issue a pardon for him. This Friday, the White House released a full and unconditional pardon (per Associated Press) for Buyer, the former Indiana Republican convicted of inside…
Ex-Congressman Convicted of Insider Trading Gets Pardon
President Trump has pardoned former Rep. Stephen Buyer of Indiana, who was convicted of insider trading in 2023, citing the support of fellow Republicans. A House prosecutor in Bill Clinton's impeachment trial, Buyer was found guilty of using confidential corporate information to collect more than $300,000 in profits. The...
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