The former CEO of FTX, Sam Bankman-Fried, sentenced to 25 years in prison for massive fraud, tries a daring approach to regain his freedom. His parents are carrying out an active campaign with the Republican camp to obtain a presidential pardon of Donald Trump.
Sam Bankman's parents are looking for presidential grace
In an interview with New York Sun from his prison, Sam Bankman-Fried marked a significant political turn. The former CEO of FTX, formerly known for his generous donations to the Democratic Party, now displays a critical posture towards the Biden administration.
“” Biden administration was incredibly destructive and difficult to manage, while the Republican Party was much more reasonable “, He declaredmarking a clear break with its political past.
This change of course occurs while his parents intensify their efforts to obtain presidential grace. Joseph Bankman and Barbara Fried have started consultations with specialized lawyers and close to Trump, according to a recent report de Bloomberg.
This approach is part of a context in which Trump has already shown mildness towards certain controversial figures of the crypto world, notably Ross Ulbricht, the founder of Silk Road.
Major obstacles to grace
The chances of obtaining presidential grace nevertheless seem limited. William Livolsi, executive director of the White Collar Support Group, underlines that unlike the case of Ulbricht, the situation of Bankman-Fried does not benefit from the same popular support.
Judge Lewis A. Kaplan, during the pronouncement of the sentence, had particularly insisted on the gravity of the acts committed, qualifying the behavior of SBF as “evasive” and “Tatillon” during the trial.
The recent judicial decision to confiscate its goods for a value approaching the billion dollars complicates the situation more. This input includes 55.2 million Robinhood shares valued at $ 605.7 million, two luxury planes, and a large cryptocurrency portfolio. These assets will be used to reimburse the victims of the Crypto FTX Exchange, whose total losses amount to nearly $ 9 billion.
The Clemence campaign is therefore particularly difficult for SBF parents, especially since any favorable decision would risk being perceived as a preferential treatment towards the economic elites, a sensitive subject in the current political context.
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