British billionaire Joe Lewis may dodge prison time because of his age

British billionaire and former Tottenham Hotspurs FC owner Joe Lewis may avoid jail due to his age and medical issues, after he pleaded guilty to 'brazen' insider trading and conspiracy charges.

But this may be the only punishment he faces at his sentencing hearing in New York today, despite federal sentencing guidelines calling for Lewis, a citizen of the UK and the Bahamas, to serve between 18 months and two years for his crimes. Federal prosecutors managed to get him and his company, Broad Bay Limited, to pay $50million in financial penalties. Pictured outside NYC court house in 2023

READ MORE: British billionaire Joe Lewis, 86, pleads GUILTY in insider trading case after surrendering himself to the FBI and admitting passing information to American investors, including his pilots and girlfriend in 'brazen' scheme Prosecutors wrote at the time: 'This insider trading was not the result of aberrant, one-time conduct, but rather, a troubling pattern of misconduct over the course of several years.'

Source: News Formal (newsformal.com)

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