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Joe Lewis: How one of Britain's richest people broke insider trading laws

Related Topics: Joe Lewis

By Mike Wendling

BBC News

Billionaire Joe Lewis, whose family trust owns Tottenham Hotspur football club, was fined $5m (£4m) Thursday, but will avoid prison after pleading guilty to insider trading.

This is the story of how his plan to enrich his lovers, friends, and employees unravelled.

The pilot had just touched down in Orlando when he texted a friend with a hot tip: "Boss is helping us out."

The "boss" he was referring to was British tycoon Joe Lewis, and the helping hand was a loan of half a million dollars.