Brief by Shorts91 Newsdesk / 07:22pm on 24 Jan 2024,Wednesday International
UK billionaire Joe Lewis, owner of Tottenham Hotspur, admits guilt in a US court for insider trading. The 86-year-old, founder of investment firm Tavistock Group, shared confidential information with pilots, friends, and partners, leading to millions in illicit gains. Lewis, ranked 39th in the 2023 Sunday Times Rich List, faces charges of conspiracy and securities fraud. Plea deal includes his company's guilty plea, resulting in a $50m fine. Lewis, arrested in July 2023, expresses remorse, facing up to 45 years in prison, though federal guidelines suggest 18 to 24 months.
