British billionaire Joe Lewis, owner of the Tottenham Hotspur soccer club, is facing sentencing in New York after pleading guilty to insider trading and conspiracy charges. At 87 years old, Lewis could potentially avoid prison time due to his age, health issues, and cooperation with authorities.
Prosecutors revealed that Lewis shared confidential information about publicly traded companies with multiple individuals in 2019. As part of his plea agreement, Lewis and his company will pay a $50 million penalty, the largest for insider trading in a decade.
