US President Trump has issued a full pardon to Tim Leiweke, a prominent live entertainment executive accused of rigging a bid to build an arena on the University of Texas campus.
According to a proclamation signed by Trump this week, Leiweke's pardon is in connection with his indictment by Trump's Justice Department last July. The 68-year-old was facing up to 10 years in prison and a $1 million fine if convicted at trial, but now faces no punishment for allegedly persuading a rival bidder to drop out of the arena project.
Leiweke, former CEO of Oak View Group, was accused of offering subcontracts in exchange for dropping out, with his company ultimately emerging as the sole bidder on the 2022 project. He has denied the allegations and stepped down from his role at OVG after the indictment.
The pardon comes as a relief to Leiweke and his family, who had been navigating this difficult situation for months. "I do not have the words to adequately convey my profound gratitude to President Trump," Leiweke said in a statement. "This has been a long and difficult journey for my wife, my daughter, and me."
Leiweke's lawyer, David Gerger, also released a statement expressing satisfaction with the outcome. "This is the right result, and we are happy for our client and his family," he said.
The pardon marks a significant development in the case, which had drawn attention due to its high-profile nature. As a former CEO of Anschutz Entertainment Group and Maple Leaf Sports & Entertainment, Leiweke's reputation was under scrutiny before the indictment.
It is worth noting that the rival bidder, Legends Hospitality, agreed to pay $1.5 million as part of the settlement reached with Trump's Justice Department.
According to a proclamation signed by Trump this week, Leiweke's pardon is in connection with his indictment by Trump's Justice Department last July. The 68-year-old was facing up to 10 years in prison and a $1 million fine if convicted at trial, but now faces no punishment for allegedly persuading a rival bidder to drop out of the arena project.
Leiweke, former CEO of Oak View Group, was accused of offering subcontracts in exchange for dropping out, with his company ultimately emerging as the sole bidder on the 2022 project. He has denied the allegations and stepped down from his role at OVG after the indictment.
The pardon comes as a relief to Leiweke and his family, who had been navigating this difficult situation for months. "I do not have the words to adequately convey my profound gratitude to President Trump," Leiweke said in a statement. "This has been a long and difficult journey for my wife, my daughter, and me."
Leiweke's lawyer, David Gerger, also released a statement expressing satisfaction with the outcome. "This is the right result, and we are happy for our client and his family," he said.
The pardon marks a significant development in the case, which had drawn attention due to its high-profile nature. As a former CEO of Anschutz Entertainment Group and Maple Leaf Sports & Entertainment, Leiweke's reputation was under scrutiny before the indictment.
It is worth noting that the rival bidder, Legends Hospitality, agreed to pay $1.5 million as part of the settlement reached with Trump's Justice Department.