Trump's year-one pardons have erased over $1.5 billion in penalties for fraud and other crimes
During his first year back in office, Donald Trump used his clemency power early and often. On Day 1, he pardoned over 1,500 people involved in the January 6 Capitol insurrection. He later pardoned 77 named individuals who engaged in other efforts to overturn the results of the 2020 presidential election. In addition to these mass pardons, Trump has granted 89 more individual pardons, plus 22 commutations.
Ill be posting here about notable features of Trumps first-term pardons, focusing today on the financial consequences. Trumps pardons have been unprecedented in many ways, including the amount of debt they have erased for their beneficiaries. Criminal sentences often include financial penalties, including restitution, fines, and forfeiture. A few notes on terminology:
https://www.lawyeroyer.com/p/trumps-year-one-pardons-have-erased
SergeStorms
(20,304 posts)has Trump profited from selling said pardons?
I'm sure it's directly proportional to the amount government coffers have lost.
At the very least.
LetMyPeopleVote
(177,860 posts)The presidents second-term pardons have wiped clean dozens of financial crimes and significantly more fines and restitution than in past administrations.
Trump's pardons forgive financial crimes that came with hundreds of millions in punishments. The presidentâs second-term pardons have wiped clean dozens of financial crimes and significantly more fines and restitution than in past administrations
— (@rchady.bsky.social) 2026-01-21T15:31:11.336Z
https://www.nbcnews.com/politics/trump-administration/trumps-pardons-forgive-financial-crimes-came-hundreds-millions-punishm-rcna248277
Over half of Trumps 88 individual pardons are for white-collar offenses, with money laundering, bank fraud and wire fraud among the most frequent crimes the president has wiped clean.
Additionally, about half of the pardon recipients are either business executives or politicians. Included in the latest round of pardons, issued Thursday and Friday, were a former health care CEO, the former governor of Puerto Rico and a pair of siblings who were convicted on fraud charges one of whom Trump previously freed for a different crime.
A few pardon recipients are billionaires, including Binance founder Changpeng Zhao, who pleaded guilty to enabling money laundering on his crypto platform; longtime English soccer club owner Joe Lewis, who pleaded guilty last year to insider trading charges; and Venezuelan-Italian banker Julio M. Herrera Velutini, whom Trump pardoned last week while he awaited sentencing on campaign finance violations.
These are aside from the group of roughly 1,500 convicted Jan. 6 rioters he pardoned on his first day back in office and additional symbolic pardons for those involved in efforts to overturn the 2020 election.