British billionaire and owner of the Tottenham Hotspur football club Joe Lewis was indicted on insider trading charges by the United States Attorney’s Office for the Southern District of New York, the office announced Tuesday. In a video posted to social media, US Attorney Damian Williams accused Lewis of orchestrating a “brazen insider trading scheme” between 2013 and 2021, passing confidential trading tips to his “romantic partners, his personal assistants, his private pilots, and his friends,” helping them make millions of dollars. On other occasions, Lewis allegedly pressed his personal assistants and romantic partners to trade on the information he provided as soon as possible. David M. Zornow, who is counsel to Lewis, said in a statement, “The government has made an egregious error in judgment in charging Mr. Lewis, an 86-year-old man of impeccable integrity and prodigious accomplishment. For more CNN news and newsletters create an account at CNN.com

Source: CNN July 26, 2023 19:26 UTC