Trump Pardons Former Rep. Stephen Buyer Convicted of Insider Trading

Jun 6, 2026

President Donald Trump pardons former Representative Stephen Buyer on June 5, 2026. Buyer was convicted of securities fraud for insider trading related to the T-Mobile merger with Sprint, making more than $100,000 from Sprint trades. He was sentenced to 22 months in prison in September 2023. Trump grants the full pardon based on recommendations from 52 current and former members of Congress.

Buyer pardon announcement

▪President Donald Trump pardoned former U.S. Representative Stephen Buyer on June 5, 2026.
▪Donald Trump granted Stephen Buyer a full, complete and unconditional pardon.
▪The pardon proclamation for Stephen Buyer was issued on Thursday, June 5, 2026, and announced by the White House on Friday, June 6, 2026.
▪Donald Trump acted on the advice and recommendation of 52 current and former members of the U.S. Senate and House of Representatives in granting Stephen Buyer's pardon.
▪The pardon proclamation stated that Stephen Buyer's service as a U.S. Army judge advocate general and member of Congress was distinguished and highly productive.

Insider trading conviction

▪Stephen Buyer was convicted of securities fraud for engaging in insider trading in 2018 as a T-Mobile US consultant ahead of a $23 billion merger with Sprint.
▪The U.S. Supreme Court refused to hear Stephen Buyer's appeal of his conviction in May 2026.
▪Stephen Buyer was sentenced to 22 months in prison in September 2023.
▪Stephen Buyer was found guilty in March 2023 on four counts of securities fraud.

Congressional career background

▪Stephen Buyer served in the U.S. House of Representatives as a Republican from Indiana between 1993 and 2011.
▪Stephen Buyer worked as a corporate consultant after leaving the House in 2011.
▪Stephen Buyer served as one of the House managers in the 1999 impeachment trial of President Bill Clinton.

Prosecution evidence

▪Stephen Buyer made illegal trades in 2019 following the 2018 Sprint stock purchases.
▪Stephen Buyer made more than $100,000 from the Sprint trades.
▪Prosecutors sought three years in prison for Stephen Buyer in court filings.
▪Stephen Buyer made more than $200,000 from buying stock in Navigant Consulting Inc. before it was acquired by Guidehouse in 2019.
▪Stephen Buyer took the stand at his trial and denied trading on inside information.
▪Stephen Buyer bought Sprint stock after learning from a T-Mobile executive that the telecommunications companies were in merger talks in 2018.