Trump Pardons Former Rep. Stephen Buyer After 2023 Insider Trading Conviction
Buyer, convicted of insider trading in 2023, received a presidential pardon after serving nearly two years in prison. The White House released the pardon dated Thursday.
msnbc.comPresident Donald Trump issued a pardon to Stephen Buyer, a former Republican congressman from Indiana who served nearly two years in prison after a 2023 conviction for insider trading. Buyer, 67, was sentenced to 22 months in prison in 2023. He was ordered to forfeit more than $350,000 in illegal gains and pay a $10,000 fine.
He was released in 2025. Buyer maintains that he is innocent. The convictions involved trades connected to the $5 billion merger of T-Mobile and Sprint announced in April 2018, and trades in the management consulting company Navigant when his client Guidehouse was set to acquire it in a deal publicly disclosed weeks later.
Trump used his Truth Social platform on May 31 to share two letters requesting the pardon. Buyer is a lawyer and Gulf War veteran who left office in 2011. He served as a House prosecutor at Democratic President Bill Clinton’s 1998 impeachment trial and joined Trump’s 2016 transition team focusing on veterans’ issues.
A letter signed by more than 40 former Republicans in Congress, dated April 2025, said Buyer was “targeted by the deep state” because of his involvement in Clinton’s trial. “Like you, Mr. President, Steve has been the victim of lawfare conducted by the Biden Administration,” the letter stated.
A second letter, dated June 2025 and signed by five current House Republicans, said pardoning Buyer would bring justice. The signers were Tom Cole of Oklahoma, Ken Calvert of California, Marlin Stutzman of Indiana, Jack Bergman of Michigan and Pete Sessions of Texas. The Constitution gives a president broad power to grant pardons for federal crimes.
The pardon was dated Thursday and released by the White House late Friday.
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