Billionaire and Tottenham Hotspur owner Joe Lewis indicted in US for ‘brazen insider trading’
Joe Lewis, the UK billionaire and owner of the Tottenham Hotspur football club, has been indicted in the US for what officials called a “brazen” set of insider trading schemes.
Statement of U.S. Attorney Damian Williams on U.S. v. Joseph Lewis pic.twitter.com/9rGTTYVx6h
— US Attorney SDNY (@SDNYnews) July 25, 2023
“He used inside information as a way to compensate his employees or shower gifts on his friends and lovers,” US Attorney Damian Williams said in a video statement on Tuesday.
“That’s classic corporate corruption,” he added. “It’s cheating, and it’s against the law.”
The Independent has contacted Tottenham for comment.
This is a breaking news story and will be updated with new information.