Insider Trading Mercy Seat

Trump pardoned an ex-congressman convicted of insider trading, because apparently fraud crackdowns have a party exception

AP and The Guardian report Trump issued a full pardon to Stephen Buyer, a former Republican congressman convicted of illegal stock trades based on inside information.

What Happened

AP reported that President Donald Trump issued a pardon to Stephen Buyer, a former Republican congressman from Indiana who served nearly two years in prison for illegal stock trades based on inside information after he left office.

Buyer was sentenced in 2023 to 22 months in prison for trades made while he was working as a consultant and lobbyist. AP said he was ordered to forfeit more than $350,000 in illegal gains and pay a $10,000 fine. The Supreme Court rejected his appeal in May without comment or noted dissent.

The Guardian reported Buyer was convicted over trading tied to the $26.5 billion T-Mobile-Sprint merger and trades in Navigant before a client's acquisition of the company became public. Trump's pardon called Buyer's House and Army judge advocate general career "distinguished and highly productive."

Why This Matters

The pardon power is broad. Presidents use it for mercy, justice, politics, friends, donors, symbolic cases and sometimes decisions that make the public stare at the wall for a minute.

But the timing and message matter. The Guardian noted the pardon landed while the administration has promoted crackdowns on fraud in Democratic-run states. That is a hard speech to deliver with one hand while the other hand is handing an insider-trading conviction a velvet exit ramp.

The Dumb Part With The Lawfare Stamp

The dumb part is how every ally conviction now gets fed into the same grievance machine. Buyer called the prosecution politically motivated. Supporters reportedly described him as targeted by the deep state because of his role in Bill Clinton's impeachment trial.

Maybe there are cases where a prosecution really is unfair. But when "lawfare" becomes the universal solvent for crimes committed by politically connected people, accountability starts looking like a loyalty program with court records attached.

The Bottom Line

Buyer maintains his innocence, and the White House granted a full, complete and unconditional pardon. The real stupid shit is a fraud-era presidency where enforcement is righteous when pointed outward and persecution when it lands on a former Republican congressman with good references.

Sources

AP: Trump pardons former congressman convicted of insider trading

The Guardian: Trump pardons former Republican congressman convicted of insider trading


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