"British Billionaire Joe Lewis Spared Jail Time in US Insider Trading Case"

British billionaire Joe Lewis was fined $5m and given a three-year probation instead of jail time for his involvement in an insider trading conspiracy, with prosecutors citing his age and health issues as reasons for leniency. The 87-year-old, who owns Tottenham Hotspur, pleaded guilty to reduced charges and agreed to surrender his private yacht and plane as part of a $300m bond. The court also fined his company $44m, bringing the total fine and restitution to $49m. Lewis expressed remorse in court and vowed to make amends, while one of his co-defendants has pleaded guilty, and another is scheduled to go to trial in June.