British billionaire Joe Lewis fined $5 million by U.S. judge for insider trading
Prosecutors said Lewis passed inside information on his portfolio companies to his private pilots as well as friends, personal assistants and romantic partners.
Stay updated with breaking news from Mark Herr. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Prosecutors said Lewis passed inside information on his portfolio companies to his private pilots as well as friends, personal assistants and romantic partners.
The businessman, who half owns Australian beef giant AACo, had pleaded guilty to tipping off friends, private pilots and a girlfriend.
Critics argue the legislation “essentially guts” Idaho’s Terrorist Control Act.
British billionaire and Tottenham Hotspur owner Joe Lewis pleaded guilty to insider trading charges. He passed inside information to several associates, including two private pilots.
Billionaire Joe Lewis, who owns the Tottenham Hotspur English soccer team, pleaded guilty Wednesday to securities fraud in Manhattan federal court.