Politics11/13/2025•Bloomberg

Trump Pardons UK Billionaire Joe Lewis Over Insider Trading

Trump Pardons UK Billionaire Joe Lewis Over Insider Trading

Here is a 186-word summary of the news article: Former U.S. President Donald Trump has pardoned British billionaire Joe Lewis, who was convicted of insider trading in 2005. Lewis, the owner of the Tottenham Hotspur soccer team, was charged with illegally trading on private information about a company he had investments in. He pleaded guilty and was sentenced to two years in prison. Trump's decision to pardon Lewis came during the final hours of his presidency in January 2021. The pardon effectively erases Lewis' conviction and restores his right to participate in financial markets. Critics have argued that the pardon appears to be a favor to a wealthy and well-connected individual. They claim it undermines efforts to hold the powerful accountable for financial crimes. However, supporters of the pardon say Lewis was unfairly targeted and that the conviction was unjust. The pardon is one of over 200 that Trump issued during his final days in office, which included other controversial figures. The move has reignited debates over the president's use of the pardon power and whether it was wielded fairly and appropriately.

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