Billionaire former Spurs owner Joe Lewis admits insider trading | UK News
Joe Lewis, 86, tipped off friends, lovers, personal assistants, and even two private jet pilots with confidential information.
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Joe Lewis, 86, tipped off friends, lovers, personal assistants, and even two private jet pilots with confidential information.
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