Late Tuesday night, President Donald Trump granted a full pardon to Drew “Bo” Brownstein, a former hedge fund manager, insider trader and son of a powerful Denver lobbyist.
The White House cited Brownstein’s volunteer work with the Boys & Girls Club in Denver and Jewish Family Services of Colorado in announcing the pardon. It also noted Brownstein has “paid his fines and forfeitures in full.”
In 2012, Brownstein was sentenced to one year and one day in prison for insider trading. Two years before, he had used confidential information about a pending $2.7 billion purchase by Apache Corp. of Mariner Energy to make millions of dollars.
“I want to tell you how sorry I am for having made a terrible mistake,” Brownstein told U.S. District Judge Robert Patterson during his sentencing, The Denver Post reported then. “I take full responsibility for my actions, and I will have to live with this for the rest of my life.”
The Manhattan judge made clear to Brownstein then that his offense was serious: “We’ve got too much greed in this country these days, and it’s not confined entirely to Wall Street either.”
Brownstein’s full pardon by the president was one of 143 pardons and commutations issued late in the evening on Trump’s final day in office.
“This pardon is supported by the Assistant Attorney General for the Antitrust Division, Makan Delrahim, and several of Mr. Brownstein’s friends and family,” the White House said in a press release.
Brownstein’s father, Norm Brownstein, co-founded Brownstein Hyatt Farber Schreck LLP, one of the nation’s most powerful lobbying firms. Former Sens. Ted Kennedy and Hank Brown once referred to him as “America’s 101st Senator.”
Source: Read Full Article