"Getty Images Billionaire UK businessman Joe Lewis, whose family trust owns Tottenham Hotspur football club, has received a pardon from US President Donald Trump. Lewis, 88, pleaded guilty to insider trading as part of an agreement with prosecutors in 2024 that saw him avoid prison. He was accused of passing on information about his companies to his private pilots, friends, personal assistants and romantic partners in a fraud that authorities said netted millions of dollars in profit."
"Lewis founded the investment firm Tavistock Group, which has ownership stakes in a large array of property, sports, finance, energy and life sciences companies. He was ranked 39th in the 2023 Sunday Times Rich List, with an estimated worth of more than 5bn ($6.4bn). He was arrested in July 2023 and charged with sixteen counts of securities fraud and three counts of conspiracy."
Joe Lewis, 88, received a presidential pardon from Donald Trump after pleading guilty to insider trading in 2024 as part of a deal that avoided prison. Prosecutors accused him of passing confidential corporate information to private pilots, friends, personal assistants and romantic partners, a scheme that allegedly netted recipients millions. A White House official said Lewis requested the pardon to receive medical treatment and visit grandchildren and great-grandchildren in the US. Lewis paid a $5 million fine, did not fight extradition, and said he can now enjoy retirement. Lewis founded Tavistock Group and holds diverse global business stakes. He was arrested in July 2023 and charged with multiple counts of securities fraud and conspiracy, with alleged misconduct occurring between 2013 and 2021.
Read at www.bbc.com
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