What Mauricio Pochettino, Tiger Woods and more said about Joe Lewis amid insider trading charges
Joe Lewis has found himself in the headlines overnight as he is facing charges of insider trading in the United States.
The 86-year-old, who owns ENIC, the investment firm that controls Tottenham Hotspur, is the latest figure to be included in an insider trading crackdown led by federal prosecutors in Manhattan and he is their most high profile this year.
In a video statement, US attorney Damian Williams said: «Today I am announcing that my office, the southern district of New York, has indicted Joe Lewis, the British billionaire for orchestrating a a brazen insider trading scheme.
»We allege that for years Joe Lewis abused his access to corporate boardrooms and repeatedly provided inside information to his romantic partners, his personal assistants, his private pilots and his friends. Those folks then traded on that inside information and made millions of dollars in the stock market, because thanks to Lewis those bets were a sure thing."
He added: «Now, none of this was necessary. Joe Lewis is a wealthy man. But as we allege he used inside information as a way to compensate his employees or to shower gifts on his friends and lovers.
“That’s classic corporate corruption. It’s cheating, and it’s against the law. Laws that apply to everyone, no matter who you are. That’s why Joe Lewis has been indicted and will face justice here in the Southern District of New York.”
Joe Lewis and the Tottenham drama starring Daniel Levy, Ange Postecoglou and Harry Kane
The Financial Times reported that Lewis has been charged with 19 counts, including securities fraud and conspiracy to commit securities fraud and make false statements within what Williams had called the „brazen insider trading scheme“ between 2013 and 2021.
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