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British billionaire Joe Lewis has avoided a jail sentence after admitting he orchestrated an insider trading scheme that helped those around him make millions.

The former Tottenham Hotspur owner, who lives in the Bahamas, tipped off his girlfriend, friends, and two of his private pilots with inside information on four publicly-traded companies, which they used to get rich, prosecutors in New York said.

In January, he pleaded guilty to one count of conspiracy to commit securities fraud and two counts of securities fraud, admitting in court he had known he was breaking the law.

But prosecutors had said he deserved leniency because of his age, bad health and willingness to come to the US to face the charges, rather than force a protracted extradition battle.

FILE PHOTO: British billionaire and Tottenham Hotspur owner Joe Lewis at the United States Courthouse in New York City
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Lewis pictured after a court appearance last July. Pic: Reuters

In court on Thursday, the 87-year-old was sentenced to three years’ probation and fined $5m (£4m).

Before he was sentenced, Lewis spoke briefly, saying: “Your honour, I’m here today because I made a terrible mistake.

“I’m ashamed.”

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Lewis said he hoped “to make amends and to rebuild the trust that I have squandered” in the remainder of his life.

British billionaire Joe Lewis, whose family trust owns Tottenham Hotspur football club, arrives to the United States Courthouse in Manhattan to be sentenced in a New York court, after pleading guilty in January to insider trading charges in New York, U.S., April 4, 2024. REUTERS/Eduardo Munoz
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Lewis on his arrival at court for sentencing. Pic: Reuters

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Lewis founded Bahamas-registered investment firm Tavistock Group and is one of the 500 richest people in the world, according to the US government.

His fortune is estimated at $6.2bn (£4.9bn), including homes in several countries, a $250m yacht, private planes worth $90m and a $100m art collection.

Lewis held a majority stake in Premier League football club Spurs for more than two decades, a shareholding now owned by a trust on behalf of his family.

From the beginning, it was clear Lewis would not be any ordinary defendant – after his initial arrest, he was released on $300m (£237m) bail after putting up his yacht and plane as collateral.

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Prosecutors said he learned about public companies after making large investments and on at least four occasions between 2019 and 2021, he tipped off those close to him.

“This insider trading was not the result of aberrant, one-time conduct but rather a troubling pattern of misconduct over the course of several years,” they said.

His motive was unclear but prosecutors said it was possibly down to “hubris, ego, a desire to make a financial gift without parting with his own money, an irrational form of greed, or some other reason”.

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Trump sues BBC for $5bn in defamation lawsuit

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Trump sues BBC for bn in defamation lawsuit

Donald Trump has filed a defamation lawsuit against the BBC, alleging the corporation’s Panorama documentary portrayed him in a “false, defamatory, deceptive, disparaging, inflammatory, and malicious” manner.

The complaint relates to the broadcaster’s editing of a speech he made in 2021 on the day his supporters overran the Capitol building.

Clips were spliced together from sections of the US president‘s speech on January 6 2021 to make it appear he told supporters he was going to walk to the US Capitol with them to “fight like hell”.

It aired in the documentary Trump: A Second Chance?, which was broadcast by the BBC the week before last year’s US election.

The US president is seeking damages of no less than $5bn (£3.7bn).

He has also sued for $5bn for alleged violation of a trade practices law. Both lawsuits have been filed in Florida.

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BBC crisis: How did it happen?

‘They put words in my mouth’

Speaking in the Oval Office earlier on Monday, he said: “In a little while, you’ll be seeing I’m suing the BBC for putting words in my mouth.

“Literally, they put words in my mouth. They had me saying things that I never said coming out.”

The scandal erupted earlier this year after a leaked memo highlighted concerns over the way the clips were edited.

After the leak, BBC chair Samir Shah apologised on behalf of the broadcaster over an “error of judgement” and accepted the editing of the 2024 documentary gave “the impression of a direct call for violent action”.

The fallout from the saga led to the resignation of both the BBC director-general Tim Davie and the head of news Deborah Turness.

Earlier, BBC News reported the broadcaster had set out five main arguments in a letter to Mr Trump’s legal team as to why it did not believe there was a basis for a defamation claim.

In November, the BBC officially apologised to the president, adding that it was an “error of judgement” and saying the programme will “not be broadcast again in this form on any BBC platforms”.

A spokesperson said “the BBC sincerely regrets the manner in which the video clip was edited,” but they also added that “we strongly disagree there is a basis for a defamation claim”.

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Four charged with New Year’s Eve plot to bomb multiple targets in California

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Four charged with New Year's Eve plot to bomb multiple targets in California

Four people have been charged with plotting New Year’s Eve bomb attacks in California.

Federal authorities in the US said the four are allegedly part of an extremist group which is suspected of planning the attacks in southern California.

The plot consisted of planting explosive devices at five locations targeting two US companies at midnight on New Year’s Eve in the Los Angeles area.

The suspects were arrested last week in Lucerne Valley, a desert city east of Los Angeles.

Photos of suspects of the terror plot are shown on a screen during a press conference. Pic: AP
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Photos of suspects of the terror plot are shown on a screen during a press conference. Pic: AP

They are said to be members of an offshoot of a pro-Palestinian, anti-government and anti-capitalist group dubbed the Turtle Island Liberation Front, the complaint said.

As well as the alleged plan against the two companies, the group also planned to target Immigration and Customs Enforcement (ICE) agents and vehicles, attorney general Pam Bondi said.

The four defendants named in the complaint are Audrey Illeene Carroll, Zachary Aaron Page, Dante Gaffield, and Tina Lai.

All four are from the Los Angeles area, according to first assistant US attorney Bill Essayli.

The alleged plot

According to a sworn statement by the complaint, Carroll showed an eight-page handwritten document to a paid confidential source in November, which described a bomb plot.

The document was titled “Operation Midnight”.

Essayli said one of the suspects created a detailed plan that “included step-by-step instructions to build IEDs (improvised explosive device)… and listed multiple targets across Orange County and Los Angeles.”

FBI assistant director in charge Akil Davis speaks at a press briefing on the incident. Pic: AP
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FBI assistant director in charge Akil Davis speaks at a press briefing on the incident. Pic: AP

Carroll and Page are then alleged to have recruited the other two defendants to help them carry out the plan which included acquiring bomb-making materials before constructing and performing test detonations.

Under the plan, the defendants would supposedly have travelled to a remote location in the Mojave Desert on the 12 December to construct and detonate their test explosive devices, the sworn statement alleges.

Evidence photos included in the court documents show a desert campsite with what investigators said were bomb-making materials strewn across plastic folding tables.

The FBI said agents intervened before the defendants could complete their work to assemble a functional explosive device.

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The shock of a shooting will cut deeply – but if anywhere can find hope in the face of despair, Providence can

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The shock of a shooting will cut deeply - but if anywhere can find hope in the face of despair, Providence can

“Most of us live off hope” – the text of a colourful mural, painted on a wall on Hope Street, Providence.

On most days, the neighbourhood around Brown University feels like a place of quiet optimism, swimming against the negative tide.

Hope Street's mural
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Hope Street’s mural

The shock of a shooting, that has claimed two lives and left eight others critically wounded, will cut deeply here.

Violence feels not just intrusive but incompatible with the spirit of a place that is governed by thought, not threat.

When the university president said “this is a day we hoped would never come”, she spoke for the whole town.

Two students were killed in the attack
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Two students were killed in the attack

Providence, Rhode Island, is a place I know well. My daughter, her husband and their two little girls live there.

It is a college town with a college vibe, the compact campus priding itself on openness – architecturally, intellectually and emotionally.

They rehearse “shelter-in-place” scenarios, as every university does, but they are not experienced at living behind locked doors.

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‘Stay inside,’ mayor warns as suspect still at large

Rhode Island, the smallest state, has one of the lowest gun-death rates in America, zero mass shooting events in 2024.

Earlier this year, the state banned the sale and manufacture of assault weapons, but it didn’t include those already owned.

Even in a Democratic, liberal state like Rhode Island, they are struggling to find a solution to America’s gun problem.

People hug each other outside Brown University in Providence after the shooting. Pic: Reuters
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People hug each other outside Brown University in Providence after the shooting. Pic: Reuters

The age-old constitutional right to bear arms continues to trump the most human of all rights – the right to life.

This is a community that assumes safety, not because it is naïve, but because it has grown accustomed to trust.

College Hill rises in gentle brick and ivy, its narrow streets winding past houses with verandas designed for long conversations.

They take place in hushed tones right now, but if anywhere can find its way out of despair, Providence can.

On the historic street along its east side and in the college on the corner, most people live off hope.

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