British billionaire and former Tottenham Hotspurs FC owner Joe Lewis avoided jail time as he appeared in US court to face sentencing for insider trading charges in New York Thursday.
Wearing a patch over his eye for a 'serious condition' his lawyers said required surgery back in his native London, Lewis appeared very much the frail old man both the prosecution and the defense argued wouldn't survive incarceration. 'At an early age, I learned how precious life is,' Lewis said in a brief, stuttering statement to the court, which acknowledged his childhood during the Blitz in London.
However, he acknowledged the 'unique situation' that the mitigating factors of Lewis' age, health condition and his voluntary surrender to US authorities, instead of fighting a long extradition battle, posed.
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Source: The Athletic UK - 🏆 123. / 51 Read more »
Tottenham Hotspur Owner Joe Lewis Avoids Prison Time for Insider TradingBritish billionaire Joe Lewis, owner of Tottenham Hotspur football club, avoids prison time after pleading guilty to insider trading and conspiracy charges in New York. Judge G.L. Clarke cites Lewis' prompt appearance in court, failing health, and lifetime of good works as reasons for probation and a fine instead of imprisonment.
Source: Glasgow_Times - 🏆 76. / 59 Read more »
Tottenham Hotspur Owner Joe Lewis Avoids Prison Time for Insider TradingBritish billionaire Joe Lewis, owner of Tottenham Hotspur football club, avoids prison time after pleading guilty to insider trading and conspiracy charges in New York. Judge G.L. Clarke cites Lewis' prompt appearance in court, failing health, and lifetime of good works as reasons for probation and a fine instead of imprisonment.
Source: Observer_Owl - 🏆 18. / 72 Read more »
Source: SkyNews - 🏆 35. / 67 Read more »