Former Tottenham owner Joe Lewis has been sentenced to three years’ probation for insider trading.
Lewis, 87, was sentenced in Manhattan Federal Court on Thursday.
Despite avoiding prison time, he will pay a fine of $5million.
Lewis was seen in court wearing an eye patch, and will require surgery on his eye back in London.
He reportedly cited a long list of health concerns in pleading his case to avoid jail time to Judge Jessica Clarke.
Lewis admitted to sharing insider secrets about publicly traded companies with several individuals in January, telling Judge Clarke at the time that he was ‘so embarrassed’ by what he did.
Federal prosecutors managed to get him and his company, Broad Bay Limited, to pay $50million in financial penalties, the largest insider trading fine imposed in the last decade.
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Source From: Football | Mail Online
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