Trading

Joseph Lewis pleads guilty to insider trading

BILLIONAIRE WHO HELPED DEVELOP MUCH OF LAKE NONA,LEADED GUILTY TO INSIDER TRADING AND CONSPIRACY CHARGES. THE 86 YEAR OLD BUSINESSMAN ENTERED THAT PLEA IN A MANHATTAN FEDERAL COURT TODAY. LOUIS SAYS HE KNEW THAT SHARING NONPUBLIC INFORMATION AND PUBLICLY TRADING COMPANIES WAS WRONG, AND THAT HIS CRIMES HAVE LEFT HIM SO EMBARRASSED. A GUILTY PLEA WAS ALSO ENTERED FOR BROAD BAY LIMITED, WHICH

Officials: Joseph Lewis pleads guilty to insider trading

A man who was accused of insider trading, Joseph Lewis, has pleaded guilty, according to the U.S. Department of Justice. Lewis owned and directed Broad Bay Ltd., which also pleaded guilty to involvement, the Department of Justice said.According to the Department of Justice, Lewis, misused information he received from boardrooms for some companies to give stock tips to different people. He was arrested in July.On Thursday, it was announced by the Department of Justice that Lewis pleaded guilty to “securities fraud and conspiring to commit securities fraud through insider trading.”According to the Department of Justice, Broad Bay Ltd. is paying $50 million in financial penalties. Top headlines: Amber Alert issued for foster children, ages 5 and 1, missing from Central Florida Police: 2 facing charges after children found in ‘deplorable’ conditions at Bunnell home Orange County deputies capture man suspected of stabbing woman 16 times

A man who was accused of insider trading, Joseph Lewis, has pleaded guilty, according to the U.S. Department of Justice.

Lewis owned and directed Broad Bay Ltd., which also pleaded guilty to involvement, the Department of Justice said.

According to the Department of Justice, Lewis, misused information he received from boardrooms for some companies to give stock tips to different people. He was arrested in July.

On Thursday, it was announced by the Department of Justice that Lewis pleaded guilty to “securities fraud and conspiring to commit securities fraud through insider trading.”

According to the Department of Justice, Broad Bay Ltd. is paying $50 million in financial penalties.

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