Joe Lewis Joins Ranks of Billionaire Felons After Sentencing – Bloomberg

Joe Lewis, sentenced to three years probation for insider trading, joins the ranks of billionaires who’ve been convicted of a crime yet managed to hold onto their fortunes.

The Tavistock Group founder, 87, was spared jail time Thursday by a federal judge in New York who cited his age and health issues. In his plea deal, Lewis waived his right to appeal unless he was sentenced to prison. He was also fined $5 million.

Source: Joe Lewis Joins Ranks of Billionaire Felons After Sentencing – Bloomberg