British billionaire Joe Lewis may dodge prison time at his sentencing for insider trading

British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur soccer club, is set to be sentenced Thursday after pleading guilty to insider trading and conspiracy charges in New York. Federal prosecutors in Manhattan had plenty of stern words to say about the 87-year-old’s crimes in court papers, but they also agree that his age, medical issues and willingness to come to the U.S. to face criminal charges have earned him leniency that might result in no prison time. Prosecutors said afterward that his company, Broad Bay Limited, and Lewis would pay $50 million in financial penalties, the largest financial penalty for insider trading in a decade.