Joe Lewis, the founder of the company which owns Premier League club Tottenham Hotspur, has avoided prison for insider trading and conspiracy but must pay a $5million fine and serve three years’ probation, a Manhattan court judge has ruled.
, the founder of the company which owns club , has avoided prison for insider trading and conspiracy but must pay a $5million fine and serve three years’ probation, a Manhattan court judge has ruled. The 87-year-old British billionaire after being indicted in the United States last July for . This, according to U.S. officials, involved the passing of information to “romantic partners and his private pilots.” Advertisement U.S.
Lewis returned to Manhattan Federal Court on Thursday for sentencing Lewis pleaded guilty in January, telling Judge Jessica G. L. Clarke at the time that he was “so embarrassed” for his actions. In a letter filed with the court in March, Lewis again stressed to Clark his shame for his actions. “I am ashamed and deeply aware that I allowed my hubris and childish exuberance to impede my judgment,” Lewis wrote.
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Tottenham Hotspur Owner Joe Lewis Avoids Prison Time for Insider TradingBritish billionaire Joe Lewis, owner of Tottenham Hotspur football club, avoids prison time after pleading guilty to insider trading and conspiracy charges in New York. Judge G.L. Clarke cites Lewis' prompt appearance in court, failing health, and lifetime of good works as reasons for probation and a fine instead of imprisonment.
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Tottenham Hotspur Owner Joe Lewis Avoids Prison Time for Insider TradingBritish billionaire Joe Lewis, owner of Tottenham Hotspur football club, avoids prison time after pleading guilty to insider trading and conspiracy charges in New York. Judge G.L. Clarke cites Lewis' prompt appearance in court, failing health, and lifetime of good works as reasons for probation and a fine instead of imprisonment.
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British Billionaire Joe Lewis Avoids Jail Sentence for Insider Trading SchemeBritish billionaire Joe Lewis has admitted to orchestrating an insider trading scheme that helped his associates make millions. He has been sentenced to three years' probation and fined $5m.
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British billionaire Joe Lewis may dodge prison time because of his ageElderly billionaire and Tottenham Hotspurs owner Lewis, 87, admitted to sharing insider secrets about publicly traded companies with several individuals in January
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