"Former Tottenham Owner Joe Lewis Pleads Guilty to Insider Trading Charges"

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Source: BBC.com
"Former Tottenham Owner Joe Lewis Pleads Guilty to Insider Trading Charges"
Photo: BBC.com
TL;DR Summary

UK billionaire Joe Lewis, owner of Tottenham Hotspur football club, has pleaded guilty to insider trading in a US court, admitting to passing on information about his companies to various contacts. The fraud netted millions of dollars in profit, and Lewis pleaded guilty to conspiracy and two counts of securities fraud as part of a deal with prosecutors. He faces a maximum sentence of 20 years for each securities fraud count, but the plea agreement allows him to appeal if sentenced to prison time.

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