Trump pardons ex-congressman Stephen Buyer convicted of insider trading
Because nothing says public service like getting a get-out-of-jail-free card for playing the stock market with cheat codes. The ultimate political safety net just rescued another well-connected ally.
The former Indiana representative was serving a 22-month prison sentence after being convicted of four counts of securities fraud back in 2023.
While running his own consulting firm after leaving office, Stephen Buyer utilized non-public corporate secrets to buy up shares before major corporate marriages. His illicit stock-market plays on T-Mobile swallowing up Sprint, and Guidehouse acquiring Navigant, pocketed him over $330,000 in quick profits. It turns out that consulting is a lot easier when you already know the answers to the test.
Yet, Donald Trump wiped the slate clean, signing a formal pardon after heavy lobbying from a list of congressional allies including Senators Roger Wicker and Lindsey Graham. The official White House statement praised the ex-congressman's military and political career as highly productive. It is a fascinating pivot for a man who, during his time in Congress, actually served as a House prosecutor during the impeachment of Bill Clinton for lying under oath.
Average citizens get years in prison for minor offenses, but the political class operates on an entirely different set of rules. This pardon serves as a quiet reminder that in Washington, the ultimate financial hedge is having friends in high places.
Source: ABC News
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