Record at a Glance
- Clemency type
- Commutation
- Presidential term
- 2025–Present
- Federal district
- Southern District of New York
- Offense
- 1. Conspiracy to commit securities fraud (two counts); securities fraud; investment adviser fraud 2. Conspiracy to commit securities fraud; securities fraud; conspiracy to commit investment adviser fraud
- Sentence
- 1. 135 months' imprisonment; three years' supervised release; $37,032,337.43 restitution (as amended June 5, 2017) (February 15, 2017) 2. 173 months' imprisonment, with 60 months consecutive; three years' supervised release (concurrent); $47,785,176 restitution (August 11, 2017)
- Current status
- Status unclear from available authoritative sources; individual current-status check incomplete.
Original Case
Galanis's earlier convictions were vacated. On January 31, 2020 he entered a new seven-count guilty plea encompassing multiple securities-fraud schemes, including the Gerova/TAG and tribal-bond conduct. On September 24, 2020 he received 189 months in prison, three years of supervision, $80,869,117.10 forfeiture plus property interests, and $80,817,513.43 restitution. The 2017 sentences are superseded historical dispositions, not the operative sentence at clemency.
Clemency
2025-03-28: Commutation of the entire sentence to time served, with no further fines, restitution, probation or other conditions, for the specified federal case.
Trump Connection
Galanis testified to House Oversight and Judiciary investigators in February 2024. His lawyer Mark Paoletta is identified in the official transcript; Paoletta had served as Trump's OMB general counsel. These are documented relationships, not proof of a clemency bargain or of allegations in his testimony.
Sources
- Primary Documentation
DOJ: Clemency Grants by President Donald J. Trump (2025–Present)U.S. Department of Justice2026-09-24 - Primary Documentation
DOJ clemency document: Jason GalanisU.S. Department of Justice, Office of the Pardon Attorney2026-09-24 active - Primary Documentation
Gerova/TAG sentencingDOJ - Primary Documentation
Tribal-bond sentencingDOJ - Primary Documentation
2019 appellate opinionSecond Circuit / FindLaw - Primary Documentation
Congressional interview transcriptHouse Oversight Committee - Primary Documentation
OMB report identifying PaolettaOMB - Primary Documentation
Galanis 2020 plea and resentencingDOJ - Primary Documentation
DOJ plea releaseSupplement research source - Primary Documentation
DOJ plea releaseSupplement research source - Supporting Reporting
court opinion, mirroredSupplement research source