Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, have decided to embark on a quest that would make even Don Quixote raise an eyebrow. They’re petitioning President Trump for a pardon. Yes, the same Trump whom SBF spent millions trying to unseat in 2020.
Now, I don’t claim to be an expert in the art of political pardons, but this seems about as likely as a cat voluntarily taking a bath. SBF, the crypto world’s very own Icarus, was sentenced to prison less than a year ago. His parents, both law professors, are consulting with figures in Trump’s orbit, presumably hoping to find a magic wand or at least a sympathetic ear.
Trump, ever the man of his word (to some), pardoned Silk Road founder Ross Ulbricht on his second day back in office. Ulbricht’s mother was instrumental in securing that pardon, and SBF’s parents are hoping to replicate that success. But let’s be honest, SBF’s case is about as straightforward as a plate of spaghetti.
“I’ve been hearing from people in prison, from people recently sentenced who haven’t reported to the Bureau of Prisons yet, from people who have been indicted. They are looking for somebody who knows somebody,” said Jeffrey Grant, who runs a legal and advisory firm in New York for white-collar defendants. He’s received around 100 pardon requests.
Rumors of an SBF pardon have been floating around since Trump’s re-election, but so far, nada. The new US Attorney in the SDNY has pledged to ease up on crypto criminals, but only after defeating SBF’s appeal. So, even if the legal system wants to play nice, SBF’s case is still fresh in everyone’s minds.
If Trump were to pardon SBF this soon, it might send a message that large-scale financial crimes are no big deal. And while that might be true in some circles, it’s probably not the message Trump wants to send.
“In my opinion, SBF will be pardoned and released. There are more truths to be revealed. Nothing is what it seems and definitely not what you were told. Watch this space. The real criminals will be exposed,” wrote Martin Folb.
Ulbricht, before his arrest, was a libertarian with no strong political ties. SBF, on the other hand, was a major Democratic donor who directly contributed millions to defeat Trump in 2020. If SBF is hoping for a pardon now, he might need more than a few Republican donations to clear the air.
Reports suggest that SBF’s parents consulted a lawyer who helped several clients receive clemency in Trump’s first term. They were told that “Trump is busy doing other things” and should contact him again in a month. So, for now, it seems SBF’s pardon is on hold, much like a delayed flight at JFK.
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2025-01-31 02:10