ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
Joe Lewis has pled guilty to multiple charges tied to insider trading and securities fraud in Manhattan court.
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The British billionaire and owner of Tavistock Group on Jan. 24 pled guilty to one count of conspiracy to commit securities fraud and two counts of securities fraud in the U.S. District Court of the Southern District of New York. Lewis was indicted last July for providing advance, non-public stock information to close associates, including personal assistants, pilots and romantic partners.
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Lewis’ company Broad Bay Ltd. pled guilty one count of securities fraud, with a maximum penalty of five years of probation. That company faces financial penalties of $50 million.
Click here to read the full story on the Orlando Business Journal’s website.
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