Trump Pardons Joe Lewis for Insider Trading Conviction

British billionaire Joe Lewis, whose family trust holds a majority stake in Tottenham Hotspur football club, received a presidential pardon from President Donald Trump on Thursday, clearing his 2024 conviction for insider trading.

Lewis, 88 and based in the Bahamas, had pleaded guilty in January 2024 to charges of securities fraud and conspiracy in a New York federal court. Prosecutors alleged that between 2019 and 2021, he shared nonpublic information obtained from corporate boardrooms with friends, employees, and romantic partners, who then traded on the tips to profit. At the time of his plea, Lewis was released on $300 million bail. In April 2024, Judge Jessica Clarke sentenced him to three years of probation and a $5 million fine, sparing him prison time due to his advanced age and deteriorating health. The judge also imposed an additional $44 million penalty on Lewis's company, Broad Bay Limited. Lewis addressed the court during sentencing, stating, "Your honor, I'm here today because I made a terrible mistake. I'm ashamed."

The pardon, confirmed by authorities, allows Lewis to return to the United States for the first time since his sentencing. An anonymous White House...