03:19 PM EST, 01/30/2025 (MT Newswires) -- Sam Bankman-Fried's parents have been meeting with lawyers and others close to US President Donald Trump in a bid to secure a pardon for their son, sentenced to 25 years in federal prison for fraud related to the collapse of FTX crypto exchange, Bloomberg reported Thursday, citing a person familiar with the matter.

It was unclear whether the parents, Joseph Bankman and Barbara Fried, have reached out to the White House yet, according to the report. Bankman-Fried was convicted in July 2023 and sentenced last March on seven counts of fraud and conspiracy, stemming from the collapse of FTX and a related hedge fund, Alameda Research, in November 2022.

Bankman-Fried's attorneys did not immediately respond to a request for comments from MT Newswires.

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