"Billionaire Joe Lewis Admits Guilt in Insider Trading and Securities Fraud"

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Source: The Athletic
"Billionaire Joe Lewis Admits Guilt in Insider Trading and Securities Fraud"
Photo: The Athletic
TL;DR Summary

Joe Lewis, former owner of Tottenham Hotspur, pleaded guilty to securities fraud in the United States, admitting to passing insider information to romantic partners and private pilots. The 86-year-old billionaire's sentencing is set for March, with a potential 18 to 24 months' imprisonment. The case involves his firm, Tavistock Financial LLC, paying legal fees for the pilots charged in the scheme. Tottenham Hotspur has distanced itself from the legal matter, stating that Lewis is no longer a person with significant control of the club.

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