The Morning Risk Report: British Billionaire Joe Lewis Avoids Prison in U.S. Insider-Trading Case
Briefly

U.S. District Judge Jessica Clarke ordered Lewis to serve three years probation and pay a fine of $5 million.
Lewis apologized for his crimes, attributing his actions to arrogance and childish exuberance.
Federal prosecutors noted Lewis didn't profit, but his associates collectively made millions trading on the information.
Lewis, nearing the end of his life, was spared from incarceration citing health risks and age.
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