President Donald Trump has granted a full pardon to former Republican Congressman Steve Buyer, wiping clean a conviction that saw the Indiana lawmaker found guilty of insider trading tied to one of the biggest telecom mergers in recent memory.
The pardon, announced on June 4, lands just months after Buyer was released from prison in 2025 following nearly two years behind bars.
What Buyer actually did
The case centered on the blockbuster T-Mobile/Sprint merger, which was announced in April 2018. Buyer, who had transitioned from Congress to consulting work after leaving office in 2011, allegedly used nonpublic information about the deal to trade ahead of the announcement.
In March 2023, a jury convicted him on four counts of securities fraud. He pocketed more than $300,000 from the trades.
