Nov 13 (Reuters) - U.S. President Donald Trump has
pardoned Joe Lewis, the British billionaire who pleaded guilty
to insider trading in New York last year, a source close to
Lewis' family said on Thursday.
Lewis, whose family trust controls a majority of London's
Tottenham Hotspur soccer team, joins a list of wealthy
individuals convicted of financial crimes who have received
pardons from Trump in his second term, including Binance founder
Changpeng Zhao and Nikola founder Trevor Milton.
"I am pleased all of this is now behind me, and I can enjoy
retirement and watch as my family and extended family continue
to build our businesses based on the quality and pursuit of
excellence that has become our trademark," Lewis said in a
statement.
The Athletic reported the pardon earlier on Thursday.
Lewis passed inside information on his portfolio companies
to two of his private pilots as well as friends, personal
assistants and romantic partners, according to prosecutors.
Lewis, who is in his late 80s, was sentenced to pay a $5 million
fine and ordered to serve three years of probation.
Lewis collected inside information about four companies in
which he had invested, and tipped friends and associates between
2019 and 2021, prosecutors said.
The companies included cancer therapy developer Mirati
Therapeutics and BCTG Acquisition, a blank-check company that
Boxer Capital sponsored and which took biotech company Tango
Therapeutics ( TNGX ) public in a merger in 2021.