British billionaire Joe Lewis pleads guilty to US insider trading

9 months ago 21

Lewis, 86, whose family trust controls majority of Tottenham Hotspur, apologises to judge in Manhattan plea-deal hearing

British billionaire Joe Lewis pleaded guilty to US insider trading charges on Wednesday, and apologized to a judge for his conduct.

Lewis, 86, pleaded guilty to one count of conspiracy to commit securities fraud and two counts of securities fraud, as part of an agreement with the US attorney’s office in Manhattan. As part of the plea deal, Lewis has the right to appeal in the event he is sentenced to prison time, his lawyer David Zornow said.

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