British Billionaire Joe Lewis Avoids Jail for Insider Trading

British billionaire Joe Lewis, former owner of Tottenham Hotspur, pleads guilty to insider trading in New York but avoids jail time.

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Judge cites Lewis' health and immediate cooperation with authorities as reasons for probation over prison, imposing a $5 million fine.

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At 87, Lewis appears in court with an eye patch and noticeable tremors, highlighting his declining health.

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Lewis speaks of his dedication to curing diseases and expresses remorse for his "terrible mistake."

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Despite guidelines suggesting 18-24 months in prison, Lewis receives three years of probation.

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Lewis's company to pay $50 million penalty, the largest in a decade for insider trading.

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After paying fines, Lewis intends to return to the Bahamas, marking an end to his legal ordeal in the United States.

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Citing Lewis's age and health, prosecutors recommend no prison time, acknowledging his legal compliance and past conduct.

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Lewis's fortune, including global properties, a yacht, and art collection, highlights his status among the world's richest.

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Lewis steps down from significant control over Tottenham, with the club now under a family trust and operations led by Chairman Daniel Levy.

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