British Billionaire Joe Lewis Avoids Jail Time in Insider Trading Case

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. Lewis, 87, pleaded guilty to 'brazen' insider trading and conspiracy charges in January, admitting to sharing insider secrets about publicly traded companies with several individuals. Under US sentencing guidelines, Lewis, worth approximately $6.

2 billion, faced 18 months to two years behind bars but he escaped jail time as Judge Jessica Clarke instead handed down a sentence of three years probation and $5million fine after prosecutors urged for leniency. 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 incarceratio

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Joe Lewis: British billionaire and former Spurs owner avoids jail over insider trading schemeProsecutors say the 87-year-old collected inside information about four companies in which he had invested, and tipped-off friends and associates between 2019 and 2021.
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British Billionaire Joe Lewis Avoids Jail Sentence for Insider Trading SchemeBritish billionaire Joe Lewis has admitted to orchestrating an insider trading scheme that helped his associates make millions. He has been sentenced to three years' probation and fined $5m.
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Former Tottenham owner Joe Lewis AVOIDS jail for insider tradingLewis, 87, pleaded guilty to 'brazen' insider trading charges in January and faced 18 months to two years behind bars, but he escaped jail time after prosecutors and the defense urged for leniency.
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