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 American investors which include his private pilots and girlfriend.
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 $7.6billion, initially denied 19 counts of insider trading and conspiracy in a Manhattan courtroom back in July. But on Wednesday he arrived back in court to plead guilty to three counts of securities fraud.