British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur Premier League football club, will not spend any time in prison after pleading guilty to insider trading and conspiracy charges in New York, a federal judge said.
Before he was sentenced, Lewis spoke briefly, saying he learned growing up in England during World War II how "precious" life is and decided to devote much of his life to finding a cure for "horrendous diseases."Lewis said he hoped "to make amends and to rebuild the trust that I have squandered" for the remainder of his life.
His lawyer said on Thursday that the money was in escrow and ready to be paid and plans were for him to leave the US for the Bahamas on Thursday night.British billionaire Joe Lewis leaves Manhattan Federal court, Thursday, April. 4, 2024, in New York. The government also noted that Lewis is recognized as one of the 500 richest people in the world with approximately $US6.2 billion as of February, including homes in several countries; a $380 million yacht; private planes valued at $136 million and an art collection worth $150 million.When she announced the sentence, the judge said: "It is clear to me that Mr Lewis's life would be at serious risk if he were to be incarcerated.
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Source: FinancialReview - 🏆 2. / 90 Read more »