Tottenham’s billionaire owner Joe Lewis charged over ‘brazen’ insider trading scheme

Tottenham’s owner Joe Lewis, who has a wealth of £4.65billion, has been charged with orchestrating a ‘brazen’ insider trading scheme

Tottenham Hotspur owner Joe Lewis has been charged with orchestrating a “brazen” insider trading scheme, the US attorney in Manhattan has revealed.

The 86-year-old Brit billionaire, who owns the Tavistock Group, has been indicted after he voluntarily travelled to the US to answer charges for providing inside information.

In a video posted on rebranded Twitter social media platform X, the US attorney for the Southern District of New York, Damian Williams said: “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 access to corporate board rooms and repeatedly provided inside information to his romantic partners, his personal assistants, his pilots and his friends.

“Those folks then traded on that inside information and made millions of dollars on the stock market. Thanks to Lewis those bets were a sure thing.

“None of this was necessary. Joe Lewis is a wealthy man, but as we allege he used insider information to compensate his employees, or to shower gifts on his friends and lovers.