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The Guardian - US
The Guardian - US
World
Guardian staff and agencies

Trump pardons former Republican congressman convicted of insider trading

Man in black suit speaking with someone on his right.
Stephen Buyer arrives for his insider trading trial in New York City on 8 March 2023. Photograph: Brendan McDermid/Reuters

As his administration promotes what it calls a crackdown on fraud in states run by Democrats, Donald Trump once again used the pardon power to excuse financial crimes committed by a Republican, granting a pardon this week to Stephen Buyer, a former Republican congressman from Indiana who served nearly two years in prison for making illegal stock trades based on inside information after he left office.

Buyer was sentenced to 22 months in prison in 2023 for trades made while working as a consultant and lobbyist. He was ordered to forfeit more than $350,000, representing the amount of the illegal gains, and pay a $10,000 fine. He was released in 2025.

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