Joe Lewis: Tottenham Hotspur owner charged over alleged insider trading

1 year ago 21

Joe LewisImage source, Getty Images

By Brandon Drenon

BBC News, Washington DC

Tottenham Hotspur proprietor Joe Lewis has been charged with "orchestrating a brazen insider trader scheme", US lawyer Damian Williams has said.

Mr Williams utilized a video announcement to impeach the British billionaire of utilizing wrong accusation to "shower gifts connected his friends and lovers".

Mr Lewis "has been indicted and volition look justice" successful the Southern District of New York (SDNY), Mr Williams said.

BBC News has approached Tottenham Hotspur and Mr Lewis for comment.

In the video statement, posted connected Twitter, Mr Williams acceptable retired a bid of allegations against Mr Lewis. A ceremonial written statement, known arsenic an indictment, has yet to beryllium released.

"We allege that, for years, Joe Lewis abused his entree to firm committee rooms and repeatedly provided wrong accusation to his romanticist partners, his idiosyncratic assistants, his backstage pilots, and his friends," Mr Williams said successful the video.

Mr Williams, the main national instrumentality enforcement serviceman for the SDNY, alleged that Mr Lewis's acquaintances utilized that accusation to marque millions of dollars successful the banal market.

"Thanks to [Mr] Lewis, those bets were a definite thing," helium claimed.

Mr Lewis owns hundreds of assets, including Premier League London nine Spurs and a involvement successful UK pub concatenation Mitchells & Butlers. Forbes mag has precocious estimated his luck astatine £4.73bn ($6.1bn).

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