"Lewis pleaded guilty in January 2024, saying he knew that sharing nonpublic information, which he had learned from corporate boardrooms about publicly traded companies, with others who then bought stock in those companies was wrong. At the time of the plea, he was free on $300 million bail. According to prosecutors and an indictment, Lewis shared the secrets with friends, employees and romantic interests from 2019 to 2021, urging them to profit from the tips."
"He was spared a prison sentence when a New York federal court judge, G.L. Clarke, cited his failing health and a lifetime of good works during his sentencing in April 2024. "Your honor, I'm here today because I made a terrible mistake. I'm ashamed," Lewis said at sentencing. He also said he planned "to make amends and to rebuild the trust that I have squandered" for the remainder of his life."
Joe Lewis, an 88-year-old British billionaire whose family trust owns Tottenham Hotspur, received a presidential pardon after pleading guilty to insider trading and conspiracy charges. Lewis admitted sharing nonpublic information from corporate boardrooms with others who then bought stock, spanning 2019 to 2021. He pleaded guilty in January 2024 and was free on $300 million bail at the time. Lewis and Broad Bay Limited faced more than $50 million in financial penalties, and Lewis was fined $5 million. A judge spared him prison in April 2024, citing failing health and lifetime charitable works. He requested a pardon to receive medical care and visit family in the United States.
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