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AND WHEN THEY GET CAUGHT, THEY AIN'T TREATED LIKE BUBBA, AND THEY SHOULD BE TREATED WORSE...
Billionaire Joe Lewis pleads guilty to insider trading. Lewis, an investor who owns the Tottenham Hotspur football club and looks like a Bond villain, copped to one count of conspiracy to commit securities fraud and two counts of securities fraud. “I knew at the time what I was doing was wrong, and I am so embarrassed,” he told the judge.
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So, I guess we should just tell our African American brothers who are incarcerated or awaiting trial...Just say you're embarrassed.
Prosecutors claim he tipped off girlfriends and staff, including his pilots, to nonpublic info about companies he had invested in. The 86-year-old, who was out on bail with a 322-foot yacht and private plane as collateral, faces up to 45 years in prison but is likely to be sentenced to less.
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s: Morning Brew