{"id":1346,"date":"2026-06-06T08:07:01","date_gmt":"2026-06-06T08:07:01","guid":{"rendered":"https:\/\/metrotransitreview.com\/?p=1346"},"modified":"2026-06-06T08:07:01","modified_gmt":"2026-06-06T08:07:01","slug":"trump-pardons-former-us-congressman-stephen-buyer-convicted-of-insider-trading","status":"publish","type":"post","link":"https:\/\/metrotransitreview.com\/?p=1346","title":{"rendered":"Trump pardons former US Congressman Stephen Buyer convicted of insider trading"},"content":{"rendered":"
\n

President Trump has pardoned former US Representative Stephen Buyer, an Indiana Republican, who was convicted of securities fraud \u200bfor engaging in insider trading in 2018 as a T-Mobile US \u200cconsultant ahead of a $23 billion merger with Sprint.<\/p>\n

Read more Jalen Brunson blinked\u2014\u00a0and somehow the Knicks held on<\/a><\/p>\n

The proclamation, issued on Thursday and announced by the White House on Friday, gave no specific rationale for the pardon other \u200bthan to assert that Buyer\u2019s service as a US Army judge \u200badvocate general and member of Congress \u201cwas distinguished and highly productive.\u201d<\/p>\n

It \u2060also said that Trump, in granting Buyer a \u201cfull, complete and unconditional pardon,\u201d was acting \u200bon the \u201cadvice and recommendation\u201d of 52 current and former members of the US \u200bSenate and House of Representatives listed in the proclamation.<\/p>\n

Buyer served in the House as a Republican from Indiana between 1993 and 2011 before working as a corporate consultant. He \u200bwas found guilty in March of 2023 on four counts of securities \u200bfraud, and was sentenced in September of that year to 22 months in prison.<\/p>\n

Prosecutors said \u200cat \u2060trial that Buyer bought Sprint stock after learning from a T-Mobile executive that the telecommunications companies were in merger talks in 2018 and made illegal trades again the following year.<\/p>\n

Read more Graham Platner dismisses mounting allegations at Maine rally, declares supporters \u2018have my back\u2019<\/a><\/p>\n

According to prosecutors, Buyer made more than $100,000 from the \u200bSprint trades and \u200bmore than $200,000 from \u2060buying stock in Navigant Consulting Inc. before it was acquired by Guidehouse in 2019.<\/p>\n

Buyer, who had served as one \u200bof the House managers in the 1999 impeachment trial \u200bof then-President \u2060Bill Clinton, took the stand at his own trial and denied trading on inside information.<\/p>\n

\n<\/div>\n

Prosecutors sought three years in prison for Buyer in court filings, saying \u2060that he \u200bhad abused his clients\u2019 trust and lied \u200bon the stand.<\/p>\n

The US Supreme Court refused in May of this year to hear Buyer\u2019s appeal \u200bof his conviction.<\/p>\n

Read more Victor Wembanyama gift-wrapped this Game 2 win for the Knicks \u2014 and that\u2019s more than fine<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

President Trump has pardoned former US Representative Stephen Buyer, an Indiana Republican, who was convicted of securities fraud \u200bfor engaging in insider trading in 2018.<\/p>\n","protected":false},"author":1,"featured_media":1345,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-news"],"yoast_head":"\nTrump pardons former US Congressman Stephen Buyer convicted of insider trading - Metro Transit Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/metrotransitreview.com\/?p=1346\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump pardons former US Congressman Stephen Buyer convicted of insider trading - 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