The 86-year-old investment magnate - whom a spokesman said was 'deeply sorry' and 'embarrassed' - pleaded guilty in Manhattan federal court to securities fraud and conspiracy charges six months after he was accused of hooking up his girlfriend and two private pilots with insider information they used to make millions playing the stock market.
Lewis' company Broad Bay Ltd - which he allegedly used to hide his ownership in a biotech company called Mirai Therapeutics recently valued at $4.8 billion - pleaded guilty to securities fraud as well and will pay a $50 million penalty as part of the deal hashed out with the feds.
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