Person
Stephen Buyer
Former Republican U.S. Representative from Indiana; convicted by a jury in 2023 of securities fraud over trades made on information from his consulting clients; conviction upheld on appeal; pardoned in June 2026. He says he is innocent.
- Also known as
- Steve Buyer
United States v. Buyer
- Convicted by U.S. District Court for the Southern District of New York: convicted by a jury of four counts of securities fraud 12
- Convicted by U.S. District Court for the Southern District of New York: sentenced to 22 months in prison 1
- Convicted by U.S. Court of Appeals for the Second Circuit: conviction upheld on appeal 34
Connections 5
member of
- U.S. Congress former Republican Representative from Indiana Primary record 15
convicted by
- U.S. District Court for the Southern District of New York Mar 2023 convicted by a jury of four counts of securities fraud Primary record 12
- U.S. District Court for the Southern District of New York 19 Sep 2023 sentenced to 22 months in prison Primary record 1
- U.S. Court of Appeals for the Second Circuit 19 Mar 2025 conviction upheld on appeal Primary record 34
involved in
- Stephen Buyer insider-trading case convicted 2023; pardoned June 2026; says the pardon “corrects a politically motivated prosecution” and that he is innocent Scholarship & press 5
Timeline 3 dates
- Mar 2023 Stephen Buyer convicted by U.S. District Court for the Southern District of New York
- 19 Sep 2023 Stephen Buyer convicted by U.S. District Court for the Southern District of New York
- 19 Mar 2025 Stephen Buyer convicted by U.S. Court of Appeals for the Second Circuit
Proof 5 sources
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Former Congressman Sentenced To 22 Months In Prison For Insider Trading (press release), U.S. Department of Justice, 19 Sep 2023.
Primary record
Archived copy
BUYER was previously convicted following trial of four counts of securities fraud for engaging in two insider trading schemes.
was sentenced today to 22 months in prison by U.S. District Judge Richard M. Berman.
STEPHEN BUYER, a former Indiana Congressman, was sentenced today to 22 months in prison by U.S. District Judge Richard M. Berman.
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Statement Of U.S. Attorney Damian Williams On The Conviction Of Former Congressman Stephen Buyer For Insider Trading (press release), U.S. Department of Justice, 13 Mar 2023.
Primary record
Archived copy
Former Congressman Stephen Buyer leveraged his privileged position as a corporate advisor to twice use his clients’ material nonpublic information to commit insider trading.
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Second Circuit upholds insider trading conviction of former Congressman, Willkie Farr & Gallagher LLP (summary of the Second Circuit’s summary order), 26 Mar 2025.
Scholarship & press
On March 19, 2025, the Second Circuit of U.S. Court of Appeals affirmed the insider trading conviction of former Indiana Congressman Stephen Buyer.
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Buyer v. United States, No. 25-576: Brief for the United States in opposition, U.S. Department of Justice, Apr 2026.
Primary record
The court of appeals affirmed.
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Trump issues pardon to former Republican congressman convicted of insider trading, Associated Press, 6 Jun 2026.
Scholarship & press
Stephen Buyer, a former Republican congressman from Indiana who served nearly two years in prison for making illegal stock trades based on inside information after he left office.
Buyer said the pardon “corrects a politically motivated prosecution” and that it was “horrific to be imprisoned for a crime that I did not commit.”
The Supreme Court in May rejected Buyer’s appeal without comment or noted dissent.
Page history 1 change
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