Quentin Mitchell:UK billionaire Joe Lewis, owner of Tottenham soccer team, charged with insider trading in US

2025-05-03 20:07:46source:Algosensey Quantitative Think Tank Centercategory:reviews

NEW YORK (AP) — British billionaire and Quentin MitchellTottenham soccer team owner Joe Lewis has been indicted in the U.S. on charges of slipping confidential business information to others, including his romantic partners and private pilots, prosecutors said Tuesday.

Manhattan-based U.S. attorney Damian Williams announced the insider trading case in a video posted on Twitter. A message seeking comment was sent to a spokesperson for Tavistock Group, Lewis’ umbrella company for investments that span from real estate to biotechnology.

Williams outlined charges of “brazen” insider dealing by the billionaire, saying that he exploited his entrée to various corporations to reap tips that he slipped to people in his own inner circle, who deployed the knowledge to make stock trades and millions of dollars.

“As we allege, he used insider information as a way to compensate his employees and shower gifts on his friends and lovers,” Williams said. “It’s cheating, and it’s against the law.”

Lewis has owned Tottenham since 2001.

More:reviews

Recommend

Dick Vitale announces he is cancer free: 'Santa Claus came early'

Legendary college basketball announcer Dick Vitale is once again cancer free.The ESPN analyst announ

Twins manager Rocco Baldelli is going on leave to be with his wife for the birth of twins

CHICAGO (AP) — Minnesota manager Rocco Baldelli spends most of his life around a bunch of Twins.His

Long Island serial killings: A timeline of the investigation

What began as a search for one missing woman led to multiple bodies and the capture of a man police