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.
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A New York federal judge has denied the request of a woman to remain anonymous in her lawsuit against Sean "Diddy" Combs and two others, after claiming they…