87 year old billionaire Joe Lewis, who admitted to insider trading, was spared from prison and sentenced to three years of probation
2024-04-05 00:51:10
87 year old British billionaire Joe Lewis, who admitted to being guilty of insider trading, has been released from prison by a federal judge in New York. US District Judge Jessica Clarke sentenced Lewis to three years of probation and a fine of $5 million during Thursday's hearing. A lawyer for Lewis stated that any imprisonment would be "catastrophic". Lewis was accused of insider trading in the United States in July last year.
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