"British Billionaire Joe Lewis Admits Guilt in Insider Trading Case"

British billionaire Joe Lewis, owner of Tottenham Hotspur soccer club, pleaded guilty to insider trading and conspiracy charges in New York, admitting to sharing nonpublic information about publicly traded companies. He faces a prison sentence of 18 to 24 months and a financial penalty of over $50 million. Lewis and his company, Broad Bay Limited, will resign from board seats and cooperate with the ongoing investigation. Despite his fortune and diverse business interests, including ownership of over 200 companies and an art collection, Lewis's guilty plea has led to significant legal and financial consequences.