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He pleaded guilty in federal court in Manhattan on Wednesday to charges that he gave his longtime private pilots and a romantic partner inside information in AACo and Mirati Therapeutics.
The 86-year-old investment magnate — whom a spokesman said was "deeply sorry" and "embarrassed" — pleaded guilty in Manhattan federal court to securities fraud and conspiracy charges.
High-flying billionaire Joe Lewis pleaded guilty Wednesday to charges he gave staff and a lover inside information for stock trades. Read on
As part of the plea deal, Lewis has the right to appeal in the event he is sentenced to prison time, his lawyer said
NEW YORK (Reuters) -British billionaire Joe Lewis pleaded guilty to U.S. insider trading charges on Wednesday after being accused last year of a scheme that prosecutors said was designed to enrich friends and associates, 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 under an agreement with the U.S. Attorney's office in Manhattan. As part of the plea deal, Lewis can appeal if the judge in the case sentences him to prison time, his lawyer David Zornow said.