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British billionaire Joe Lewis pleads guilty in insider trading case

By Economic Times - 10 months ago
British billionaire Joe Lewis, owner of Tottenham Hotspur soccer club, pleaded guilty to insider trading and conspiracy charges in Manhattan federal court. He had been free on $300 million bail, with a yacht and private plane serving as collateral. Lewis, 86, will pay more than $50 million in financial penalties. His sentencing hearing is scheduled for March 28. Lewis, whose assets span real estate, biotechnology, energy, and agriculture, relinquished operational control of the club in October 2022. He has business connections with Tiger Woods, Ernie Els, and Justin Timberlake, and owns a Bahamian oceanside resort.

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