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The announcement comes as part of a wave of pardons and commutations in the final weeks of Trump's presidency.
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Former Trump campaign chairman Paul Manafort shared information with Russian intelligence during the last presidential campaign, a bipartisan Senate report on Russian 2016 election interference shows.
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The president has used his clemency power to spare Stone a prison sentence following his conviction in federal court. It's the latest official intercession in a case involving a Trump friend.
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Stone faced charges that he lied to congressional investigators and obstructed an official proceeding. He pleaded not guilty and said he had done nothing wrong.