British billionaire Joe Lewis pleads guilty in insider trading case

NEW YORK (AP) — British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur soccer club, pleaded guilty Wednesday to insider trading and conspiracy charges in New York, saying he knew that sharing nonpublic information about publicly traded companies was wrong and that his crimes have left him "so embarrassed."

The 86-year-old businessman entered the plea in Manhattan federal court six months after he was charged in the case. He had been free on $300 million bail, with a yacht and private plane serving as collateral.

He told Judge Jessica G.L. Clarke that he agreed in 2019 to...

 

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