![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/tottenham-owner-joe-lewis-facing-insider-trading-charges-following-investigation/&media=https://uknews.evprotec.com/wp-content/uploads/2023/07/0_GettyImages-594792814jpgENIC-International-Limited-Owner-Joe-Lewis-in-the-stands-with-Tottenham-Hotspur-Chairman-Daniel.jpg&description=Joe Lewis is facing a federal prosecution for insider trading, as the Tottenham owner became the latest billionaire to be investigated by authorities in the United States Joe Lewis is facing trading charges for passing on non-public information British billionaire and owner of Tottenham Hotspur , Joe Lewis, is facing charges of insider trading in the United States. The 86-year-old is the latest businessman to be under threat from federal prosecutors following a crackdown on insider trading investigations, according to Bloomberg . In a federal indictment in New York, it was alleged by prosecutors that Lewis shared information from companies to friends, partners and also his personal employees. "Today I'm announcing that my office, the Southern District of New York has indicted Joe Lewis, the British billionaire, for orchestrating a brazen insider trading scheme," Damian Williams, the U.S. attorney for the Southern District of New York, said in a statement Tuesday. "We allege that for years Joe Lewis abused access to corporate board rooms and repeatedly provided inside information to his romantic partners, his personal assistants, his pilots and his friends. None of this was necessary, Joe Lewis was a wealthy man. "But as we allege he used inside information as a way to compensate his employees or shower gifts on his friends and lovers." Lewis now faces more than a dozen charges, including securities fraud and conspiracy. Prosecutors believe he was involved in insider trading for eight years from 2013 to 2021, and in doing so passed on non-public information about multiple companies. These alleged companies include Solid Biosciences, Australian Agricultural Co. and Mirati Therapeutics. Lewis reportedly loaned money to those he shared the sensitive information with, the authorities say. The octogenarian has a net worth of £5billion, a figure that's soared due to the valuation of Tottenham . Lewis has been involved in currency trading for a number of decades and also is){kind=link}
Joe Lewis is facing a federal prosecution for insider trading, as the Tottenham owner became the latest billionaire to be investigated by authorities in the United States
British billionaire and owner of Tottenham Hotspur, Joe Lewis, is facing charges of insider trading in the United States.
The 86-year-old is the latest businessman to be under threat from federal prosecutors following a crackdown on insider trading investigations, according to Bloomberg. In a federal indictment in New York, it was alleged by prosecutors that Lewis shared information from companies to friends, partners and also his personal employees.
“Today I’m announcing that my office, the Southern District of New York has indicted Joe Lewis, the British billionaire, for orchestrating a brazen insider trading scheme,” Damian Williams, the U.S. attorney for the Southern District of New York, said in a statement Tuesday.
“We allege that for years Joe Lewis abused access to corporate board rooms and repeatedly provided inside information to his romantic partners, his personal assistants, his pilots and his friends. None of this was necessary, Joe Lewis was a wealthy man.