June 8 (UPI) — Sam Bankman-Fried, a one-time billionaire and cryptocurrency executive now in prison for fraud, has applied for a pardon from President Donald Trump.

Bankman-Fried, 34, was convicted in 2023 on multiple fraud charges for his role in a massive financial scheme scheme that prosecutors called one of the largest financial frauds in U.S. history, Politico reported.

He was the founder and former chief executive of FTX, a major cryptocurrency exchange, and related company Alameda Research, The BBC said. He also lobbied extensively on cryptocurrency regulations and made many political donations.

Prosecutors said Bankman-Fried took FTX customer funds for personal use and to prop up another crypto firm that he’d founded,…