Prosecutors say the 87-year-old collected inside information about four companies in which he had invested, and tipped-off friends and associates between 2019 and 2021.
British billionaire Joe Lewis has avoided a jail sentence after admitting he orchestrated an insider trading scheme that helped those around him make millions. The former Tottenham Hotspur owner, who lives in the Bahamas, tipped off his girlfriend, friends, and two of his private pilots with inside information on four publicly-traded companies, which they used to get rich, prosecutors in New York said.
Read more:From humble beginnings in London's East End to billionaire insider traderPremier League clubs dominate football's top money makers Lewis founded Bahamas-registered investment firm Tavistock Group and is one of the 500 richest people in the world, according to the US government. His fortune is estimated at $6.2bn , including homes in several countries, a $250m yacht, private planes worth $90m and a $100m art collection.
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