Billionaire Joe Lewis Dodges Prison for Insider Trading

TL;DR Summary
87-year-old billionaire Joe Lewis, wearing an eye patch, avoids prison for insider trading after citing health concerns, including a risk of falling and potentially fatal injuries. Manhattan federal court Judge Jessica Clarke spared him jail time and imposed a $5 million fine, along with probation for three years, despite prosecutors calling his scheme "brazen." Lewis, whose net worth exceeds $6 billion, admitted to giving illegal stock tips to his girlfriend and pilots, but his health issues and voluntary surrender from overseas led to the no-prison outcome.
- Eye-patch-clad 'frail' billionaire crook Joe Lewis, 87, dodges prison for insider trading: 'I'm ashamed' New York Post
- Joe Lewis: How one of Britain's richest people broke insider trading laws BBC.com
- Joe Lewis spared jail time for part in ‘brazen’ insider trading conspiracy The Guardian US
- British Billionaire Joe Lewis Avoids Prison Time in U.S. Insider-Trading Case The Wall Street Journal
- British billionaire Joe Lewis fined $5 million by US judge for insider trading Reuters
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