Consulting with a lawyer who has ties to President Trump. Reaching out to Washington lobbyists. And sitting for a jailhouse interview with Tucker Carlson.
Sam Bankman-Fried, the disgraced cryptocurrency mogul who was as soon as a high Democratic donor, has launched into a long-shot marketing campaign to safe a pardon from the Trump administration, six folks with information of the matter stated.
The hassle has been pushed by a small group of Mr. Bankman-Fried’s supporters, together with his mother and father, Joe Bankman and Barbara Fried, who’re making an attempt to assist their son escape the 25-year prison sentence he acquired after he was convicted of fraud, conspiracy and cash laundering within the collapse of his crypto alternate, FTX.
There is no such thing as a indication that the Bankman-Frieds and their allies have reached Mr. Trump straight or mentioned a possible pardon together with his White Home advisers.
However the push seems supposed to capitalize on Mr. Trump’s transactional method to clemency. The president has favored pardon seekers with connections to him — both personally or by means of attorneys and lobbyists — and claims of prosecutorial misconduct that echo his personal grievances concerning the circumstances towards him.
As a part of the clemency effort, Mr. Bankman and Ms. Fried, who’re Stanford College regulation professors and longtime energetic Democrats, are consulting with Kory Langhofer, an Arizona lawyer who labored for Mr. Trump’s 2016 and 2020 presidential campaigns. Politically linked businesspeople and Washington lobbyists have additionally acquired outreach from intermediaries who declare to be allies of Mr. Bankman-Fried, three folks with information of the scenario stated.
His supporters have additionally taken steps that seem calculated to hunt favor with Mr. Trump in smaller methods. Mr. Bankman, who has maintained a low profile since FTX’s collapse, co-wrote an opinion piece in The Washington Submit final month arguing that Mr. Trump’s plans for a sovereign wealth fund might assist “dramatically enhance company productiveness.”
Mr. Bankman-Fried’s allies consider they’ll level to flaws in his prosecution that will resonate with Mr. Trump. “The prosecution instructed a narrative about FTX and Sam Bankman-Fried that isn’t right,” Mr. Langhofer stated. “If the general public knew the total story, they’d view it in another way.”
Reached by cellphone on Thursday, Ms. Fried declined to remark. Bloomberg Information reported in January that Mr. Bankman-Fried’s mother and father had met with folks in Mr. Trump’s orbit to work towards a doable pardon.
A White Home consultant declined to remark.
To this point, the push doesn’t seem to have gained traction, the folks with information of the matter stated. The one indication that Mr. Bankman-Fried could also be making headway got here this week, when he obtained an audience with Mr. Carlson, who’s near Mr. Trump. On Thursday, the previous Fox Information host revealed a 43-minute interview with Mr. Bankman-Fried that was recorded through video name.
Talking from the Metropolitan Detention Middle in Brooklyn, the place he has been held for the final 18 months, Mr. Bankman-Fried wore a darkish brown jail outfit over a grey T-shirt and sipped from a white mug. He made an oblique pitch to Mr. Trump, arguing that on the time of his arrest, he was nearer to Washington Republicans than to Democrats. He voiced cautious optimism about how Mr. Trump would unleash the crypto business.
“Altering the guard helps,” he stated.
The Bureau of Prisons has strict guidelines about who’s allowed to speak with inmates and which channels they’ll use. After the interview with Mr. Carlson was posted, Mr. Bankman-Fried was positioned in solitary confinement, an individual briefed on the scenario stated.
A consultant for the Bureau of Prisons stated that “this specific interview was not authorized.” She declined to touch upon whether or not Mr. Bankman-Fried, who turned 33 on Thursday, was in solitary confinement.
Three years in the past, Mr. Bankman-Fried was a billionaire crypto government who hobnobbed with Tom Brady and Katy Perry and donated tens of thousands and thousands of {dollars} to Democrats.
Then in November 2022, FTX collapsed. Federal prosecutors charged Mr. Bankman-Fried with stealing $8 billion from clients and committing fraud towards the corporate’s buyers and lenders. In 2023, he was convicted after a monthlong trial and later sentenced to 25 years in jail.
Mr. Bankman-Fried has maintained his innocence. He filed an appeal in September, arguing that the choose who oversaw the case was biased towards him.
The pardon effort represents an much more audacious try to reverse his conviction. Mr. Bankman-Fried doesn’t match the profile of somebody Mr. Trump would instinctively pardon. The previous crypto mogul not solely donated to Democrats, but in addition voiced opposition to Mr. Trump. His conviction was celebrated by Elon Musk, the president’s shut adviser.
Nonetheless, Mr. Trump has proven a willingness to grant clemency to folks whose causes have resonated with him or who’ve entry to his circle of Republican allies. Throughout the election marketing campaign, he was enthusiastically backed by crypto executives, who urged him to behave on a number of coverage priorities. Amongst them: a pardon for Ross Ulbricht, a cult hero within the crypto world who was serving a sentence of life in jail for operating the web drug market Silk Highway. Mr. Trump issued the pardon inside days of his inauguration.
Since then, Mr. Trump has taken additional steps to spice up the business, ordering the creation of a nationwide reserve of cryptocurrencies and alluring executives to the White Home for a first-of-its-kind “crypto summit” on Friday.
These conversations are unlikely to assist Mr. Bankman-Fried, who’s broadly resented within the crypto world. However his allies consider that components of his case — and among the folks concerned — might catch Mr. Trump’s eye.
The choose who presided over Mr. Bankman-Fried’s trial, Lewis A. Kaplan, additionally oversaw the defamation case filed towards Mr. Trump by the author E. Jean Carroll, who had accused the president of rape. (The jury finally ordered Trump to pay Ms. Carroll greater than $80 million.) And one lead prosecutor within the FTX case was Danielle Sassoon, who resigned from the federal prosecutors’ workplace in New York final month after refusing to drop costs towards New York Metropolis mayor Eric Adams, regardless of orders from officers in Washington.
In court docket, Mr. Bankman-Fried’s attorneys claimed that Decide Kaplan had unfairly prevented him from presenting proof that will have contradicted Ms. Sassoon’s prosecution. That argument is the core of Mr. Bankman-Fried’s case for clemency, an individual conversant in the hassle stated.
For months, Mr. Bankman and Ms. Fried have consulted with Mr. Langhofer, a former U.S. prosecutor who filed a lawsuit on behalf of Mr. Trump’s marketing campaign difficult the 2020 election vote counting in Arizona.
Mr. Langhofer withdrew the election go well with when it grew to become clear that the case’s end result could be inadequate to tip the ends in the state. In a 2022 radio interview, Mr. Trump expressed unhappiness together with his method.
“While you have a look at Langhofer, I disagree with him as an lawyer,” he stated. “I didn’t assume he was a great lawyer to rent.”
Mr. Bankman-Fried has been slowly re-emerging as a public determine. Final week, he posted on X for the primary time since January 2023, reflecting on Mr. Trump’s layoffs throughout the federal work drive. He argued that typically it was vital to fireplace folks.
“There’s no level in retaining them round, doing nothing,” he wrote.
The biography part of the account was up to date to learn: “SBF’s phrases. Shared by a buddy.” On Thursday, the account posted a hyperlink to Mr. Carlson’s video, thanking him for conducting the interview.
The video has brought about friction amongst Mr. Bankman-Fried’s few remaining supporters. After it was revealed, his longtime spokesman, Mark Botnick, resigned. Mr. Botnick stated he had discovered concerning the interview solely after it circulated on-line. He declined to remark additional.
Maggie Haberman contributed reporting.
