President Donald Trump this week pardoned former U.S. Rep. Stephen Buyer, R-Ind., who was convicted in 2023 on four counts of securities fraud for stock trades about mergers that he made before the information had been made public. Photo by Shawn Thew/UPI | License Photo
June 6 (UPI) -- President Donald Trump pardoned former U.S. Rep. Stephen Buyer, R-Ind., who was convicted on four counts of securities fraud in 2023 after he left Congress.
Buyer had been convicted and sentenced to 22 months in prison after he was charged with trading stock based on two mergers he knew about based on work at his consulting firm, ABC News and The New York Times reported.
The two mergers he based trades on were T-Mobile's deal to acquire Sprint and the professional services firm Guidehouse's deal to buy its competitor Navigant.
In a proclamation released Thursday by the White House, President Donald Trump included a list of current and former members of members of Congress, including Sens. Roger Wicker and Lindsey Graham and Reps. Pet Sessions and Jack Bergman, among several others.
