Billionaire Joe Lewis Avoids Prison in Insider Trading Case, Sentenced to Probation

• 87-year-old billionaire Joe Lewis pleads guilty to insider trading charges, avoids prison time • Lewis sentenced to 3 years probation and must pay $5 million fine due to old age and health issues • Lewis admits making a "terrible mistake" and says he's "ashamed" of his actions • Lewis was facing up to 2 years in prison under sentencing guidelines, but prosecutors agreed no jail time needed • Lewis owns the Tottenham Hotspur soccer club through his family trust and has net worth estimated at $6.2 billion