British billionaire and former owner of the Tottenham Hotspur Football Club Joe Lewis arrives at federal court for his sentencing in an insider trading case on April 4, 2024, in New York City. Lewis pleaded guilty to charges of committing securities fraud and conspiring to commit securities fraud through insider trading, the US Attorney's Office for the Southern District of New York announced on January 24, 2024.A U.S.
"Mr. Lewis is grateful that the court has imposed a probationary sentence that considers his age and health issues," Mark Herr, a spokesperson for Lewis, said after the hearing. Lewis in January entered a plea deal with prosecutors agreeing to a $50 million fine of his Bahamas company, Broad Bay. Under the agreement, Lewis' fine will be included in the total.
Lewis has since remained in the country, posting $300 million bail secured by his yacht and a private aircraft.
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