Posted 4/4/2024, 11:33:00 PM
Billionaire Dodges Prison for Insider Trading, Citing Frail Health at 87
- Octogenarian billionaire Joe Lewis dodged prison despite admitting to insider trading, citing his "frail" health at age 87
- Lewis gave illegal stock tips to his girlfriend and pilots, who made over $500K in profits
- Lewis paid a $5 million fine and his company paid a $45 million fine as part of the sentence
- Prosecutors said Lewis' age and health were "unique situations" warranting no prison time
- The judge agreed Lewis was at "high risk" behind bars due to health issues like risk of falling
