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US charges British billionaire Joe Lewis with insider trading
US charges British billionaire Joe Lewis with insider trading
By Jonathan Stempel and Luc Cohen NEW YORK (Reuters) -Joe Lewis, the British billionaire and owner of the Tottenham Hotspur
2023-07-26 07:54
Tottenham owner Joe Lewis indicted in the US for ‘brazen insider trading scheme’
Tottenham owner Joe Lewis indicted in the US for ‘brazen insider trading scheme’
Tottenham owner Joe Lewis has been indicted in New York for “orchestrating a brazen insider trading scheme”, a US attorney said. Damian Williams, the US attorney for the Southern District of New York, said in a video released by his office: “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. “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.” Mr Williams described Lewis’s behaviour as “classic corporate corruption”. He said: “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.” Lewis, 86, is the founder and primary investor of Bahamas-based investment firm Tavistock Group. He bought a controlling stake in the Premier League club from Lord Sugar in 2001 for £22million.
2023-07-26 07:52
Chargers, QB Justin Herbert agree to 5-year extension worth $262.5 million, AP source says
Chargers, QB Justin Herbert agree to 5-year extension worth $262.5 million, AP source says
Justin Herbert is set to become the NFL’s highest-paid quarterback by annual salary, agreeing to a five-year, $262.5 million extension with the Los Angeles Chargers on Tuesday
2023-07-26 07:52
Chargers loosen grip on checkbook to pay Justin Herbert: Best memes and tweets
Chargers loosen grip on checkbook to pay Justin Herbert: Best memes and tweets
The Chargers broke the bank for their franchise QB, giving Justin Herbert a monster contract extension that keeps him in Los Angeles until at least 2029.Justin Herbert won't be causing any drama at Los Angeles Chargers training camp. But he might be footing the bill for a dinner or several....
2023-07-26 07:50
Yankees: Aaron Boone gives optimistic return date for Aaron Judge
Yankees: Aaron Boone gives optimistic return date for Aaron Judge
Fans of New York feel the pressure of not having Aaron Judge out with an injury, as they are last in the AL East. That pressure might not be there much longer since Aaron Boone has announced a possible return for Aaron Judge.New York Yankees outfielder Aaron Judge has not played a game since he ...
2023-07-26 07:45
Celtics' Jaylen Brown reportedly agrees to a $304 million contract -- the richest in NBA history
Celtics' Jaylen Brown reportedly agrees to a $304 million contract -- the richest in NBA history
Two-time NBA all-star swingman Jaylen Brown has agreed to a five-year, $304 million supermax contract extension with the Boston Celtics, his agent Jason Glushon told ESPN.
2023-07-26 07:22
Ron Rivera says he has a lot to prove to the new Commanders ownership group
Ron Rivera says he has a lot to prove to the new Commanders ownership group
Ron Rivera says he has a lot to prove to the new owners of Washington Commanders
2023-07-26 07:20
Billionaire and Tottenham Hotspur owner Joe Lewis indicted in US for ‘brazen insider trading’
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. “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, as well as Tavistock Group, the investment office founded by Mr Lewis. This is a breaking news story and will be updated with new information.
2023-07-26 07:19
Red Sox trade Kiké Hernández to Dodgers for two minor-league pitchers
Red Sox trade Kiké Hernández to Dodgers for two minor-league pitchers
The Boston Red Sox traded Kiké Hernández to the Los Angeles Dodgers, sending the slumping utilityman back to his home for six seasons and his only World Series title
2023-07-26 07:17
Dolphins starting OL Terron Armstead and two others will open training camp on PUP list
Dolphins starting OL Terron Armstead and two others will open training camp on PUP list
Miami Dolphins’ veteran left tackle Terron Armstead will open training camp on the physically unable to perform list along with second-year tight end Tanner Conner and offensive tackle Isaiah Wynn
2023-07-26 07:16
MLB Rumors: Insider names Braves’ most likely player to be traded
MLB Rumors: Insider names Braves’ most likely player to be traded
The Braves have already made two minor trades but, if they make a bigger splash, an insider has reported who the most likely player to move will be.It remains to be seen if the Atlanta Braves feel that they adequately addressed the need for bullpen depth already with their Monday deals for Pierc...
2023-07-26 06:59
Royals owner pens letter to fans in hopes of being more transparent about stadium plans
Royals owner pens letter to fans in hopes of being more transparent about stadium plans
The Kansas City Royals are trying to be more transparent about their plans for a new ballpark
2023-07-26 06:53
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