Key dealers
- Sam Banke-Fried’s parents are looking for a presidential offense from Donald Trump.
- The effort follows Trump’s latest use of Clemency Powers, including his pardon of Silk Road founder Ross Ulbricht.
Sam Banke-Fried’s parents seek a president’s pardon from Donald Trump, according to a Bloomberg Report.
Stanford Law School professors Joseph Banker and Barbara Fried have reportedly had discussions with lawyers and individuals in Trump’s network about clemency for their son, who serves a 25-year sentence for fraud.
It is still unclear if they have made direct contact with the White House, according to the report.
The Clevency press follows Trump’s latest pardon by Silk Road founder Ross Ulbricht, who has received attention from responding white collar.
Bankeeper, a former large political donor, frames his case on claims of an excessive punishment and notes that FTX customers have recovered most of its funds.
The 2022 collapse of FTX deleted $ 8 billion in customer assets, but the company is now recovering up to $ 16 billion, using the increasing value of crypto assets, according to bankruptcy applications.
A court approved reorganization plan is set to return to 119% of creditor claims.
The FTX failure contributed to a broader market decline, with Crypto’s total market value that fell from $ 3 trillion 2021 to $ 796 billion at the lowest point of collapse.
