UK billionaire Joe Lewis, the largest shareholder in the Australian Agricultural Co, has pleaded guilty to a charge of insider trading in a US court.
Joe Lewis
The 86-year-old investor was charged with passing inside corporate information to his private pilots, personal assistants and girlfriend, providing financial advantage.
Mr Lewis pleaded guilty to conspiracy and two counts of securities fraud as part of a deal with prosecutors during a hearing in the New York Federal Court in Manhattan yesterday.
The plea comes six months after he was charged in July last year with sixteen counts of…
