Billionaire Joe Lewis says he's 'embarrassed' by knowingly committing securities fraud after pleading guilty to the crime 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.
Joe Lewis must wait until at least January for his next court hearing for allegedly “orchestrating a brazen insider trading scheme” that involved passing non-public information to his girlfriend and two private pilots.
The British billionaire, who founded Tottenham Hotspur’s controlling company ENIC Sports Inc, was indicted in July.
He pleaded not guilty to all 16 counts of securities fraud in a Manhattan federal court on July 25 and his bail was set at $300million, secured against his 98-metre super yacht and aircraft.
Lewis, 86, is not due back in court until the new year. The case.