U.Ok. billionaire Joe Lewis, proprietor of Tottenham soccer staff, charged with insider buying and selling in U.S.

NEW YORK — British billionaire and Tottenham soccer staff proprietor Joe Lewis has been indicted within the U.S. on costs of slipping confidential enterprise info to others, together with his romantic companions and personal pilots, prosecutors mentioned Tuesday.

Manhattan-based U.S. lawyer Damian Williams introduced the insider buying and selling case in a video posted on Twitter. A message looking for remark was despatched to a spokesperson for Tavistock Group, Lewis’ umbrella firm for investments that span from actual property to biotechnology.

Williams outlined costs of “brazen” insider dealing by the billionaire, saying that he exploited his entrée to varied companies to reap suggestions that he slipped to folks in his personal inside circle, who deployed the data to make inventory trades and tens of millions of {dollars}.

“As we allege, he used insider information as a way to compensate his employees and shower gifts on his friends and lovers,” Williams mentioned. “It’s cheating, and it’s against the law.”