SBF's Pardon Hopes Fade Amidst 10,000-Petition Backlog
Monday, Feb 17, 2025 7:51 pm ET
1min read Sam Bankman-Fried (SBF), the disgraced founder of the collapsed crypto exchange FTX, is unlikely to receive clemency, according to experts. The backlog of pardon petitions, currently standing at around 10,000, makes it highly improbable for SBF to be granted a presidential pardon.
Following the election of Donald Trump as U.S. President, an increasing number of white-collar criminals, including SBF, have begun exploring pathways to pardon. However, the growing backlog of pardon cases has made opportunities for conviction relief minimal, according to William Livolsi, Executive Director of the national U.S. support organization White Collar Support Group.
In 2015, President Trump fulfilled a campaign promise by pardoning Ross Ulbricht, the creator and operator of the Silk Road dark web marketplace. Ulbricht was sentenced to 40 years in prison plus two life sentences for his role in the illegal marketplace. Bitcoin enthusiasts saw Ulbricht's conviction as overly harsh.
Shortly after Ulbricht's pardon, reports indicated that SBF's parents were exploring the possibility of seeking a presidential pardon for their son. SBF was sentenced to 25 years in prison following the collapse of his crypto empire. However, Livolsi noted that the comparison between Ulbricht and SBF is not straightforward, as their cases and sentenced periods are very different. Additionally, Ulbricht's pardon was directly linked to a campaign promise made by President Trump to his political supporters.
The Pardon Attorney's Office has established a formal pardon application process, which begins with the submission of a pardon petition and ends with a formal recommendation by the pardon attorney. The final determination for each case is then made by the U.S. President. With the current backlog of approximately 10,000 petitions, the prospects for SBF receiving clemency appear slim.
Comments
oakleystreetchi
05/02
Governance best practices are like stock trading rules—ignore them at your own peril. WEX should learn from others' plays.
ttforum
05/02
Impactive's nominee could be the game-changer WEX needs. New blood often means new ideas, and maybe a better strategy.
szoguner
05/02
@ttforum New blood sounds good, but will it stick?
Howell--Jolly
05/02
Shareholder power rising, boards beware or bail.
getintocollegern
05/02
Impactive's data is fire; WEX needs a reboot.
OutsidePerspective27
05/02
CEO and Chairwoman? That's a power trip waiting to be challenged. Smith's role smells like a conflict cooker.
IllustratorSquare377
05/02
@OutsidePerspective27 LOL, power trip for sure.
anti-faxerr
05/02
@OutsidePerspective27 Yeah, dual roles can be sketchy.
NEYO8uw11qgD0J
05/02
Impactive's play here is smart. WEX needs fresh eyes and a shake-up. Market dynamics don't tolerate complacency.
turkeychicken
05/02
Long $WEX, but if Impactive wins, could mean value unlock. Gotta keep an eye on that vote count.
sugar182
05/02
@turkeychicken How long you been holding $WEX? Curious if you've seen much movement yet.
car12703
05/02
WEX's underperformance is mind-boggling. 250+ percentage points? That's not just lagging, that's getting left in the dust.
jvdr999
05/02
WEX board looks toast, Impactive's got aces.
2strange4things
05/02
Impactive's got the data to back their play. WEX needs fresh blood and a shake-up. Let's see if shareholders are ready for change.
CardiologistEasy4031
05/02
Activism working, WEX can't ignore the heat.
mrpoopfartman
05/02
Long $WEX, but Impactive makes solid points. 🤔
joe4942
05/02
Shareholder activism is like the wild west of corporate finance. Who else is ready for a proxy fight? 🤠
NoTearsNowOnlyDreams
05/02
Activists are like the Robin Hoods of the corporate world—stealing from complacent boards and giving to shareholders. 😎
adilly31
05/02
Impactive's proxy battle is the corporate world's version of a much-needed intervention. Let's hope WEX's board doesn't end up like that stubborn uncle who refuses to change, leaving everyone else to pick up the pieces.
SuperNewk
05/02
@adilly31 If WEX's board doesn't shape up, they might end up in the penalty box of poor performance. But hey, maybe they're just waiting for the next bull market to make their move. 🤔
vivifcgb
04/15
$12.45M fine is hefty. Hayvn should've watched out. AML is not a suggestion, it's a necessity in this game.
BunchProfessional680
04/15
@vivifcgb True, AML's a must. Hayvn got hit hard, maybe they're out for good now.
fluffnstuff1
04/15
Crypto exchanges better shape up or...
MyNi_Redux
04/15
Crypto's going mainstream, and with it, the scrutiny. Hayvn got hit hard. Don't say we didn't warn you, fam.
BuyTheDipDanny
04/15
@MyNi_Redux True, crypto's under the spotlight.
Ok-Memory2809
04/15
Hayvn got wrecked, $12.45M is hefty.
MyNi_Redux
04/15
Holding $TSLA, steering clear of Hayvn
2strange4things
04/15
Regulatory scrutiny is here to stay, peeps.
Aertypro
04/15
@2strange4things True that, regs r tight.
BenGrahamButler
04/15
@2strange4things What's your take on how this will affect crypto prices?
Accomplished-Bill-45
04/15
AML is not optional, folks. 🚨
LarryKingsGhost
04/15
Regulatory bodies are tightening the noose. If you're in crypto, you better have your ducks in a row, AML-wise.
Sensitive_Chapter226
04/15
Flinos' moves were sus, glad he's accountable
NinjaImaginary2775
04/15
@Sensitive_Chapter226 Cool
maximalsimplicity
04/15
This fine is a big deal. Hayvn's lack of AML measures is a red flag. Regulatory game needs to be strong in crypto.
pd14200
04/15
Wow!the block option data in AAPL stock saved me much money!
btcmoney420
04/15
@pd14200 I had a small AAPL position last year, sold too early. Regret not holding when block data showed potential.
No-Wallaby5696
04/15
@pd14200 How long you been using block option data for AAPL? Any hot tips for 2024?
Oleksandr_G
05/10
Fintechs could thrive under Fed's new vibe.
Bossie81
05/10
I'm holding some $AAPL and $TSLA, focusing on innovation with strong risk management. Diversification is key in this shifting landscape.
DanielBeuthner
05/10
Bowman's Fed favors banks now, but long-term stability is at risk. Let's profit from today's policies while preparing for the next reckoning.
Dmurray11388
05/10
@DanielBeuthner True dat, bro.
tostitostiesto
05/10
Regulatory easing = riskier banks, watch out.
curiouscuriel
05/10
@tostitostiesto True, easier regs = riskier banks.
threefold_law
05/10
With Wells back at the Fed, expect closer ties between regulators and big banks. Could this lead to an easing of capital constraints?
A_Moron_In-Existence
05/10
Deregulation might lift bank profitability but remember, risks rise too. Investors, keep an eye on systemic risk metrics.
Dense_Intern8434
05/10
@A_Moron_In-Existence True, risks spike.
Ok-Afternoon-2113
05/10
@A_Moron_In-Existence Watch out for leverage ratios, right?
big_nate410
05/10
Big banks' gains might be short-lived, though.
Haardikkk
05/10
Covas's BPI background hints at a push for tailored regulation. Less capital for large banks? That's a risky game.
JobuJabroni
05/10
Fed's digital asset stance could boost fintechs. PayPal (PYPL) and Coinbase (COIN) might benefit from clearer rules.
greyenlightenment
05/10
Big banks with strong lobbies ($JPM, $BAC) might outperform as regulations ease. But don't forget about fintechs like $SQ and $COIN.
krogerCoffee
05/10
@greyenlightenment What about regional banks?
Anteater_Able
05/10
Regulatory easing = riskier banks? Long-term investors need hedges, like inverse ETFs (SKF) or gold (GLD).
Critical-Database-49
05/10
Regulatory easing could pressure financial stocks if systemic risk spikes. Investors, hedge with inverse ETFs (like SKF) or gold (GLD).
Holiday_Context5033
05/10
Big banks with strong lobbies ($JPM, $BAC) could outperform. But easing oversight might weaken crisis safeguards.
Turbonik1
05/10
Guynn's stablecoin focus might boost fintechs, but we need to watch how it plays out. Regulatory clarity is key here.
cuzimrave
05/10
Wow!The AAAU stock was in an easy trading mode with Premium tools, and I made $461 from it!
Conscious-Group
05/10
@cuzimrave What was your strategy with AAAU, and how long were you holding?
r2002
05/16
This test is the "Hamilton" of diagnostics—revolutionary and everyone's talking about it. But let's not forget, even the best musicals have opening night jitters. Still, it's a solid play for early detection and could be a game-changer if it delivers.
Medical-Truth-3248
05/16
@r2002 Solid move for Alzheimer's, but let's see how it plays out in real-world clinics.
Puginator
05/16
OMG!The META stock was in a clear trend, and I made $228 from it!
ZestycloseAd7528
04/10
Microcap show might be DMN's last chance to rally investors. Fingers crossed they bring their A-game. 🤞
MacaroniWithDaCheese
04/10
DMN needs a turnaround plan, stat. 🤔
Godzhilluh
04/10
@MacaroniWithDaCheese DMN needs more than a plan.
GJohannes37
04/10
Market pressure is intense, but sometimes these extreme swings create opportunities for smart traders to profit.
serenitybybowie
04/10
@GJohannes37 True, swings can be profitable.
Throwaway7131923
04/10
@GJohannes37 What's your take on DMN's future?
SISU-MO
04/10
Delisting risk = panic selling. Hold or fold?
AbuSaho
04/10
@SISU-MO How long you planning to hold DMN? Curious if you're thinking short-term flip or long-term bet.
Tiger_bomb_241
04/10
Nasdaq delisting looms, but a strong presentation could shift sentiment. Are we seeing a dead cat bounce or what?
Terrible_Onions
04/10
Low bar expectations could actually help DMN if they surprise. Maybe a turnaround tale in the making?
WinningWatchlist
04/10
Delisting risk is a biggie, but sometimes these shakeouts can be buying opportunities. Load up cautiously, folks.
Hamlerhead
04/10
Microcap showcase might be a make-or-break moment.
destroyman26
04/10
DMN's got a tough road ahead, but sometimes these microcap plays can explode if they turn it around. 🚀
YungPersian
04/10
Delisting risk got everyone on edge. But hey, microcap showcase might just be the reset DMN needs.
WoodKite
04/10
100% intraday drop—talk about a rollercoaster. Are investors panicking or is there a hidden gem here?
provoko
04/10
@WoodKite Could be a pump n' dump.
vivifcgb
04/10
Holding a small DMN position. If they impress at the showcase, might add more. High risk, high reward.
Zhukov-74
04/10
Buy the dip? High risk, high reward here
Major_Drummer579
04/10
@Zhukov-74 Holding long-term? Or just short swing? Curious about your target price for DMN.
I_kove_crackers
04/10
DMN's nosedive is wild, but maybe a rebound is brewing if they nail the Planet Microcap Showcase. Gotta keep an eye on that.
Codyofthe212th
04/10
Investors be like, "Buy the dip?" But DMN's rollercoaster makes me think twice. 🚀💥
WorkingCareful7935
04/10
@Codyofthe212th How long you planning to hold if you buy in now? Curious about your target price for DMN.
destroyman26
04/10
@Codyofthe212th I'm on the sidelines with DMN. Had a small bag earlier but sold at a loss. Regret not holding.
johnnyko55555
05/17
OMG!I successfully capitalized on the AAPL stock's bearish movement with Pro tools, generating $335!
Vaynard709
05/17
@johnnyko55555 Nice score! What was your AAPL strategy?
Dvorak_Pharmacology
04/10
Michelin's sales are taking a flat tire, with tariffs and seasons adding to the puncture
werewere223
04/10
Damn!!the block option data in MSTF stock saved me much money!
Conscious-Sea-5937
8 hour ago
Wow!the block option data in TSLA stock saved me much money!
WellWe11Well
04/17
Leonardo's HPC play could be a game-changer. 🚀
_Ukey_
04/17
Green computing is the unsung HPC hero.
Sad_Predicament
04/17
@_Ukey_ Makes sense
Cannannaca
04/17
HPC-driven margins in energy and healthcare could diversify Leonardo's revenue. Time to watch those sectors closely.
AbuSaho
04/17
HPC-driven margins in energy and healthcare could be the wildcard for Leonardo. New markets mean new growth opportunities.
pubgscholar
04/17
@AbuSaho Do you think HPC will boost Leonardo's stock?
highchillerdeluxe
04/17
LHyC's AI push could be a game-changer if they nail the talent hunt. Silicon Valley better watch out.
nicpro85
04/17
@highchillerdeluxe True, LHyC's AI push could be big.
bigbear0083
04/17
If Leonardo hits its targets, valuation could get a nice boost. Watching those EV/EBITDA multiples closely.
Fast_Half4523
04/17
@bigbear0083 Do you think Leonardo's targets are realistic?
oakleystreetchi
04/17
Betting big on AI, hope they don't crash.
Humble_Day_2318
04/17
@oakleystreetchi Hope it pays off.
ContentSort1597
04/17
@oakleystreetchi What's your take on Leonardo's AI bet?
alvisanovari
04/17
$280 million into sustainability is a big bet. Green computing breakthroughs could be the unsung heroes here.
Bothurin
04/17
@alvisanovari True, green computing's a wildcard.
TailungFu
04/17
Betting big on LHyC, huh? 🚀 If they pull it off, could be a game-changer for European tech. Worth keeping an eye.
gnygren3773
04/17
7% CAGR target is ambitious. Analysts will be watching closely for any signs of margin expansion.
Traditional-Jump6145
04/17
EU tech sovereignty is the buzzword here. Interesting to see how this affects their stock and defense sector dynamics.
joe_bidens_underwear
04/17
€230M target by 2029 seems ambitious but a solid bet on tech sovereignty. Let's see if they deliver.
hillramo
04/17
@joe_bidens_underwear Agreed, ambitious but solid bet.
2strange4things
04/17
@joe_bidens_underwear Do they have any upcoming catalysts?
haarp1
04/17
Multidomain interoperability aligns with NATO priorities. This could open doors for Leonardo in the global defense market.
MasterDeath
04/17
The Davinci-1 upgrade sounds like a power move. Hope they don't hit regulatory walls with those AI chips.
Urselff
04/17
Diversifying beyond defense is smart; margins await.
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