Republican Stephen Purchaser was convicted and sentenced to 22 months in jail, although he has maintained his innocence.
Revealed On 6 Jun 2026
United States President Donald Trump has issued a pardon to Stephen Purchaser, a former Republican congressman from Indiana who served almost two years in jail for making unlawful inventory trades based mostly on inside info after he left workplace.
The pardon was dated Thursday and launched by the White Home late Friday evening.
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Purchaser was sentenced to 22 months in jail in 2023 for trades made whereas working as a guide and lobbyist. He was ordered to forfeit greater than $350,000, representing the quantity of the unlawful beneficial properties, in addition to pay a $10,000 advantageous. He was launched in 2025.
The Supreme Court docket in Might rejected Purchaser’s enchantment with out remark or famous dissent.
In granting “a full, full, and unconditional pardon” to Purchaser, Trump cited the Republican’s work, each as a decide advocate normal within the US Military and as a politician within the US Home. Trump described his profession as “distinguished and extremely productive”.
Purchaser mentioned the pardon “corrects a politically motivated prosecution” and that it was “horrific to be imprisoned for a criminal offense that I didn’t commit”. He maintains that he’s harmless.
Trump used his Fact Social media platform on Might 31 to share a pair of letters requesting a presidential pardon for Purchaser, a lawyer and Gulf Battle veteran who left workplace in 2011.
He was a Home prosecutor at Democratic President Invoice Clinton’s 1998 impeachment trial, and in 2016, he served on Trump’s transition crew, specializing in veterans’ points.
A letter signed by greater than 40 former Republicans in Congress mentioned Purchaser was “focused by the deep state” due to his involvement in Clinton’s trial.
“Such as you, Mr President, Steve has been the sufferer of lawfare carried out by the Biden Administration,” they wrote within the April 2025 letter.
A second letter, from 5 present Home Republicans, mentioned pardoning Purchaser would deliver justice to his case. The June 2025 letter was signed by Tom Cole of Oklahoma, Ken Calvert of California, Marlin Stutzman of Indiana, Jack Bergman of Michigan and Pete Periods of Texas.
Purchaser, 67, was convicted in reference to insider buying and selling involving the $26.5bn merger of T-Cellular and Dash, introduced in April 2018, and unlawful trades within the administration consulting firm Navigant when his consumer Guidehouse was set to amass it in a deal publicly disclosed weeks later.
The US Structure provides the president broad energy to grant pardons for federal crimes.
A pardon doesn’t erase a recipient’s prison file however will be seen as an act of mercy or justice.
