Joe Lewis — the British billionaire and owner of Tottenham Hotspur soccer club — was indicted for orchestrating a “brazen” insider trading scheme, New York prosecutors announced Tuesday. Joe Lewis is 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,” Williams said. Joe Lewis was indicted for insider trading Tuesday. Prosecutors said that in some insider trading cases, Lewis lent money to recipients of his tips, including in Oct. 2019 when he wired $1 million to two pilots so they could buy more Mirati shares.

Source: Forbes July 26, 2023 03:42 UTC