Key facts
- Hedge fund manager Dan Loeb stated the DOJ threatened President Trump.
- The threat concerned a potential commutation of Ross Ulbricht's sentence.
- The commutation was considered for the final day of Trump's first term.
- Ulbricht's release was ultimately delayed until a full pardon in January 2025.
Hedge fund manager Dan Loeb has revealed that the Department of Justice (DOJ) threatened President Trump, stating they would pursue legal action against him if he commuted the sentence of Ross Ulbricht, the founder of the Silk Road marketplace, on the final day of his first term. This alleged threat reportedly delayed Ulbricht's release until he received a full pardon in January 2025.
Loeb's disclosure suggests a significant intervention by the DOJ regarding a presidential commutation, highlighting the intense legal and political pressures surrounding such decisions in the final hours of an administration. The information was shared by Loeb, indicating a behind-the-scenes account of the events leading up to Ulbricht's eventual pardon.