Billionaire Joe Lewis Avoids Jail Time For Insider Trading After Prosecutors Said He Shared Secrets Out Of ‘Childish Exuberance’

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Carolyn W. Carter,Mitchells & Butlers,Charles

I am a Colorado based reporter covering breaking news with a special emphasis on the entertainment industry, pop culture and sports. I previously covered local news in the greater Boston area, and I graduated from Northeastern University in 2017.

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While a judge ultimately made the decision, prosecutors argued in advance that Lewis should receive a lenient jail sentence and said that punishment for his crimes would come “in many forms,” suggesting a $5 million fine and future restrictions on his business activity would suffice.

 

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