Turns out you can be too old to go to jail. Who knew? A British billionaire has avoided being locked up in the US, in part because he’s 87. If I’m still going at that age, it’s going to be much more serious than a bit of insider trading.

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87-year-old British billionaire avoids US jail sentence

British billionaire Joe Lewis, whose family owns Tottenham Hotspur football club, has been spared jail in the US for insider trading. He’ll receive a $5 million fine and three years of probation instead.

The 87-year-old previously pleaded guilty to fraud charges, admitting to passing on stock tips to friends, including a girlfriend, resulting in over half a million dollars in illegal gains. Despite facing a possible two-year sentence, Lewis was recommended probation due to his deteriorating health. Prosecutors also took into account the fact that he has “otherwise lived a law-abiding life” and his voluntary surrender to the authorities.

Lewis expressed remorse for his actions, describing them as a “terrible mistake” driven by “hubris and childish exuberance”. He emphasized the self-inflicted nature of his humiliation and accepted the consequences he would bear for the rest of his life.

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