British billionaire who heads family that owns Tottenham Hotspur fined $5m and given three-year probation by New York judge
The British billionaire Joe Lewis was spared jail time for his part in a “brazen” insider trading conspiracy on Thursday, and was instead fined $5m and given a three-year probation by a New York judge.
The 87-year-old, who heads the family that owns Tottenham Hotspur, had faced as much as 45 years in prison if convicted at trial. But in a court filing on Monday, prosecutors said Lewis deserved leniency given his age, health issues and the fact that he had voluntarily come to the US to face punishment.
Written by Edward Helmore in New York
This news first appeared on https://www.theguardian.com/us-news/2024/apr/04/joe-lewis-insider-trading-conspiracy under the title “Joe Lewis spared jail time for part in ‘brazen’ insider trading conspiracy”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
