Published 3 months ago

Tottenham Hotspur billionaire Joe Lewis pleads guilty to insider trading charges in US

British billionaire Joseph Lewis and his company, Broad Bay Ltd., pleaded guilty to a scheme involving insider trading and false filings, resulting in a $50 million penalty.
Lewis used privileged information to tip off friends, employees, and romantic interests, leading to his conviction, potential prison time, and the largest insider trading penalty in a decade.
Lewis, worth $6.1 billion, faces up to 20 years in prison for conspiracy and securities fraud charges in Manhattan court.

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BBC News

Billionaire Joe Lewis pleads guilty to insider trading

One of the UK's richest people admitted his role in a scheme which "netted millions".

3 months ago·United Kingdom

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The Guardian

British billionaire Joe Lewis pleads guilty to US insider trading

Lewis, 86, whose family trust controls majority of Tottenham Hotspur, apologises to judge in Manhattan plea-deal hearing

3 months ago·London, United Kingdom

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The Independent

British billionaire Joe Lewis pleads guilty in insider trading case

British billionaire Joe Lewis has pleaded guilty to insider trading and conspiracy charges in New York

3 months ago·London, United Kingdom

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Reuters

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3 months ago·United Kingdom

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NDTV

British Billionaire Joe Lewis Pleads Guilty To Insider Trading Charges In US

British billionaire Joe Lewis, whose family owns Tottenham Hotspur football club, pleaded guilty to US insider trading charges on Wednesday. As per BBC, the 86-year-old has pleaded guilty to one count of conspiracy to commit securities fraud and two counts of securities fraud. ''I knew that I was violating a legal duty not to make those recommendations because the nonpublic information had been entrusted to me in confidence. I knew at the time …

3 months ago·New Delhi, India

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