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Mar 22, 03:37 AM
87-Year-Old Billionaire Pleads Guilty to Insider Trading, Seeks No Prison Time
Economics
Crime
Business
Culture

87-Year-Old Billionaire Pleads Guilty to Insider Trading, Seeks No Prison Time

Authors
  • Bloomberg
  • FORTUNE
  • unusual_whales
5

87-year-old British billionaire Joe Lewis has pleaded guilty to insider trading charges. His legal team has requested a Manhattan federal judge to forgo prison time in favor of a three-year supervised release and a $5 million fine. Lewis, a significant investor in several companies, admitted to passing insider information to personal pilots and girlfriends.

Written with ChatGPT (GPT-4).

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