Joe Lewis, the British billionaire whose family trust owns a majority share in Premier League soccer club Tottenham Hotspur, has pleaded guilty to passing inside information to his private pilots and girlfriend on Wednesday.
The 86-year-old was slated to re-appear in a New York courtroom this month over his alleged role in a 'brazen' insider trading scheme.
Lewis, whose fortune is estimated to be worth $6.1billion, initially denied 19 counts of insider trading and conspiracy in a Manhattan courtroom back in July. But on Wednesday he pleaded guilty to three counts of securities fraud.