87-year-old UK billionaire Joe Lewis, guilty of insider trading, receives 3-year probation and $5m fine in New York.
87-year-old UK billionaire Joe Lewis, who pleaded guilty to insider trading, has been sentenced to three years' probation and a $5m fine by a federal judge in New York. Lewis, who faces prison time, was spared due to his age, significant health challenges, and the fact that his personal circumstances warrant leniency. His guilty plea marked a low point in his rags-to-riches story, having built a multi-billion-dollar investment empire and owning a stake in English Premier League's Tottenham Hotspur Football Club.
April 04, 2024
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