Billionaire Tottenham Hotspur mogul Joe Lewis has avoided prison in an insider trading case, with a New York judge on Thursday instead giving him three years' probation and a $5 million fine.
The former owner of the Tottenham Hotspur Premier League soccer team pleaded guilty to securities fraud charges after he passed inside information to his girlfriend, private pilot and others in his circle.
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.
Joe Lewis, sentenced to three years probation for insider trading, joins the ranks of billionaires who’ve been convicted of a crime yet managed to hold onto their fortunes.
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British billionaire Joe Lewis may dodge prison time at his sentencing for insider trading | Since Then