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Ex-Spurs owner fined millions in insider trading scheme

Former Tottenham Hotspur owner Joe Lewis has been sentenced to three years’ probation and a $5 million fine for orchestrating an insider trading scheme. Lewis, residing in the Bahamas, pleaded guilty in January to tipping …

Former Tottenham Hotspur owner Joe Lewis has been sentenced to three years’ probation and a $5 million fine for orchestrating an insider trading scheme.

Lewis, residing in the Bahamas, pleaded guilty in January to tipping off his girlfriend, friends, and even his private pilots with confidential information about publicly traded companies. These individuals used the inside knowledge to make significant profits.

Prosecutors argued that Lewis’s actions were deliberate and spanned several years, but ultimately acknowledged his age and health in their sentencing recommendation. Lewis expressed remorse in court, stating he made a “terrible mistake.”


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