Joe Lewis, the founder of the company which owns Premier League club Tottenham Hotspur, has avoided prison for insider trading and conspiracy but must pay a $5million fine and serve three years’ probation, a Manhattan court judge has ruled.
The 87-year-old British billionaire pleaded guilty in January after being indicted in the United States last July for “orchestrating a brazen insider trading scheme”. This, according to U.S. officials, involved the passing of information to “romantic partners and his private pilots.”
U.S. sentencing guidelines had called for Lewis to serve 18.
Sean Diddy Combs faces a federal investigation: Everything to know about his legal troubles yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
If you’re following the serious legal issues surrounding hip-hop mogul Sean ‘Diddy’ Combs, then you know that there’s a lot to keep up with. Here, what’s going on with all those lawsuits and what Diddy has said about them.
Diddy News: Federal agents raid properties owned by Sean Combs today.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.com Daily Mail and Mail on Sunday newspapers.