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

2025-05-06 08:43:15source:CAI Communitycategory:Invest

NEW YORK (AP) — British billionaire and SCA CommunityTottenham 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:Invest

Recommend

Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing

LOUISVILLE, Ky. (AP) — The U.S. Justice Department and the city of Louisville have reached an agreem

Iowa, Nebraska won't participate in U.S. food assistance program for kids this summer

DES MOINES, Iowa — Iowa will not participate this summer in a federal program that gives $40 per mon

Is it smart to hand over your email address and phone number for discounts?

It’s a savvy shopper's favorite time of year: Discounts and deals as far as the eye can see.You’re p