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87-year-old billionaire Joe Lewis gets no prison time after pleading guilty in insider trading case

Posted on AllSides April 5th, 2024
From The Center

British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur soccer club, will not spend any time in prison after pleading guilty to insider trading and conspiracy charges in New York, a federal judge said Thursday. Judge G.L. Clarke cited Lewis’ decision to promptly come to the United States to face charges and his failing health, along with a lifetime of good works, in ruling that Lewis will face three years on probation and a $5 million fine rather than time behind bars. Lewis, 87, was wearing an eye...

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