"British Billionaire Joe Lewis Admits Guilt in Insider Trading Case"

British billionaire Joe Lewis, 86, pleaded guilty to U.S. insider trading charges, admitting to passing inside information on his portfolio companies to friends and associates to reap millions of dollars of profit. Lewis, whose family trust controls a majority of the Tottenham Hotspur soccer team, entered a plea deal and can appeal if sentenced to prison. His Bahamian entity, Broad Bay Ltd, also pleaded guilty and agreed to pay a $50 million fine, while Lewis is restricted from traveling outside the United States and is set to be sentenced on March 28.