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News - Trump Pardons Ex-Congressman Buyer Over Insider Trading

Business Strategy

Trump Pardons Ex-Congressman Buyer Over Insider Trading

by Lilit June 6, 2026

In a controversial decision, former President Donald Trump has granted a full pardon to Stephen Buyer, an ex-Republican congressman from Indiana, who served 22 months of a prison sentence for illegal insider trading practices. Buyer's conviction stemmed from trades made in his role as a consultant, where he allegedly capitalized on confidential information concerning the T-Mobile and Sprint merger, and acquisitions involving the consulting firm Navigant. Despite his release in 2025, Buyer continually asserted his innocence, describing the prosecution as politically driven. Trump's pardon, dated shortly after Buyer's release, drew attention partially due to Buyer's history as an Army judge advocate and significant legislative contributions, including his role in President Bill Clinton's impeachment. Buyer's pardon was strongly supported by letters from 40 former Republican Congress members and five current House Republicans who asserted that he was unfairly targeted due to his political involvement. This act of clemency aligns with Trump's pattern of challenging what he portrays as politically motivated legal actions, oftentimes referred to as 'lawfare.' The pardon does not expunge Buyer's criminal record but serves as a symbolic gesture of Trump's belief in Buyer's innocence and underscores the deep political divisions over the use of legal instruments in political disputes.

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