alleging that he fed corporate secrets to romantic partners, personal assistants, friends and his pilots, earning them millions of dollars illegally.
David M. Zornow, an attorney for Lewis, said his client had come to the U.S. “to answer these ill-conceived charges” and would fight them vigorously. Today, a trust benefiting members of Lewis’ family is the majority owner of ENIC, the holding company that owns the team. Lewis himself is not a beneficiary of that trust and relinquished operational control of the club last October, according to corporate filings.
At one point, according to the indictment, he even loaned his two private pilots $500,000 apiece to buy stock in a cancer drug company that he knew had gotten — but not yet publicly disclosed — encouraging results from a clinical trial.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. charges Joe Lewis, British billionaire and Tottenham owner, with insider tradingBritish billionaire and Tottenham soccer team owner Joe Lewis has been indicted in the U.S. on charges of slipping confidential business information to...
Source: MarketWatch - 🏆 3. / 97 Read more »
British Billionaire Joe Lewis Indicted in U.S. for Insider TradingJoe Lewis was accused by federal prosecutors of orchestrating a “brazen” scheme over eight years, abusing his access to corporate boardrooms and “repeatedly” providing insider information to employees, friends, and romantic partners.
Source: thedailybeast - 🏆 307. / 63 Read more »
US charges British billionaire Joe Lewis with insider tradingJoe Lewis, the British billionaire and owner of the Tottenham Hotspur soccer team, has been criminally charged in New York for orchestrating a 'brazen' insider trading scheme.
Source: Reuters - 🏆 2. / 97 Read more »
UK billionaire Joe Lewis, owner of Tottenham soccer team, charged with insider trading in USBritish billionaire and Tottenham 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.
Source: AP - 🏆 728. / 51 Read more »
British Billionaire Joe Lewis Charged With Insider TradingBritish billionaire Joe Lewis was indicted on insider-trading charges. U.S. prosecutors said the owner of the soccer club Tottenham Hotspur tipped off his personal assistants, romantic partners and pilots, allowing them to reap millions in profits.
Source: WSJ - 🏆 98. / 63 Read more »
Tottenham Hotspurs owner Joe Lewis indicted over ‘brazen’ insider trading scheme: prosecutorsThe 86-year-old allegedly spent years giving inside information to friends, romantic partners, personal assistants, and even personal private pilots.
Source: nypost - 🏆 91. / 67 Read more »