Trump Pardons Former Rep. Stephen Buyer, Who Was Convicted of Insider Trading on T-Mobile-Sprint Merger
Buyer, convicted in 2023 of securities fraud tied to the T-Mobile-Sprint merger, received a full pardon after 52 lawmakers backed the request.
msnbc.comPresident Trump granted a full, complete and unconditional pardon to Stephen Buyer, a former Republican congressman from Indiana. Buyer represented Indiana in the House from 1993 to 2011. In 2023 a federal jury convicted him on four counts of securities fraud after he purchased Sprint shares shortly before the company announced its $23 billion merger with T-Mobile.
He was sentenced to 22 months in prison. The Supreme Court later declined to review the conviction. Fifty-two sitting and former members of Congress submitted letters supporting clemency. The official rationale cited Buyer’s service as an Army judge advocate general as evidence of good character.
The pardon followed the lawmakers’ endorsements and President Trump’s approval. @MarioNawfal reported the details, citing Reuters as the original source.
