Trump pardons ex-Rep convicted of fraud

U.S. President Donald Trump has issued a presidential pardon for former Republican Congressman Steve Bayer of Indiana, who was convicted in March 2023 of securities fraud charges. The conviction stemmed from using insider information while working as a consultant for T-Mobile prior to a $23 billion merger deal. It is noted that Bayer exploited non-public information to buy Sprint shares and made profits exceeding $100,000. He was sentenced to 22 months in prison, with the prosecution opposing the sentence. The pardon was granted based on support from 52 former and current members of Congress.

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