Billionaire Joe Lewis Pleads Guilty in Insider Trading Case
- Lewis accused of passing tips to private pilots, girlfriend
- Former Tottenham Hotspur owner to be sentenced in March
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British billionaire Joe Lewis pleaded guilty to passing inside corporate information to his private pilots and girlfriend, putting a black mark on the 86-year-old investor’s otherwise spectacular rise from London’s East End to one of Britain’s richest men.
Lewis pleaded guilty to three counts of securities fraud, including conspiracy, at a hearing in federal court in Manhattan Wednesday. The plea comes six months after the Bahamas-based octogenarian was charged with more than a dozen counts, including securities fraud.