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Investing.com -- The parents of Sam Bankman-Fried, co-founder of FTX, are seeking a pardon for their son from former President Donald Trump, Bloomberg News reported. Bankman-Fried, once a billionaire in the crypto industry, is currently serving a 25-year prison sentence for fraud.
Joseph Bankman and Barbara Fried, both professors at Stanford Law School, have held meetings with lawyers and individuals believed to be close to Trump, seeking clemency for their 32-year-old son. The information was provided by a source familiar with the matter, but it remains unclear if a formal request has been made to the White House.
Both Bankman and Fried, as well as the White House, have declined to comment on the matter.
This move comes as Trump’s recently pardoned Silk Road founder Ross Ulbricht and others.
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