British billionaire Joe Lewis has been released on a $300 million bond after pleading not guilty to insider trading and conspiracy charges in New York.
alleging that he fed corporate secrets to romantic partners, personal assistants, friends and his pilots, earning them millions of dollars illegally.
David M. Zornow, an attorney for Lewis, said his client had come to the U.S. “to answer these ill-conceived charges” and would fight them vigorously. Today, a trust benefiting members of Lewis’ family is the majority owner of ENIC, the holding company that owns the team. Lewis himself is not a beneficiary of that trust and relinquished operational control of the club last October, according to corporate filings.
At one point, according to the indictment, he even loaned his two private pilots $500,000 apiece to buy stock in a cancer drug company that he knew had gotten — but not yet publicly disclosed — encouraging results from a clinical trial.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. charges Joe Lewis, British billionaire and Tottenham owner, with insider tradingBritish billionaire and Tottenham soccer team owner Joe Lewis has been indicted in the U.S. on charges of slipping confidential business information to...
Weiterlesen »
British Billionaire Joe Lewis Indicted in U.S. for Insider TradingJoe Lewis was accused by federal prosecutors of orchestrating a “brazen” scheme over eight years, abusing his access to corporate boardrooms and “repeatedly” providing insider information to employees, friends, and romantic partners.
Weiterlesen »
US charges British billionaire Joe Lewis with insider tradingJoe Lewis, the British billionaire and owner of the Tottenham Hotspur soccer team, has been criminally charged in New York for orchestrating a 'brazen' insider trading scheme.
Weiterlesen »
UK billionaire Joe Lewis, owner of Tottenham soccer team, charged with insider trading in USBritish billionaire and Tottenham soccer team owner Joe Lewis has been indicted in the U.S. on charges of slipping confidential business information to others, including his romantic partners and private pilots, prosecutors said Tuesday.
Weiterlesen »
British Billionaire Joe Lewis Charged With Insider TradingBritish billionaire Joe Lewis was indicted on insider-trading charges. U.S. prosecutors said the owner of the soccer club Tottenham Hotspur tipped off his personal assistants, romantic partners and pilots, allowing them to reap millions in profits.
Weiterlesen »
Tottenham Hotspurs owner Joe Lewis indicted over ‘brazen’ insider trading scheme: prosecutorsThe 86-year-old allegedly spent years giving inside information to friends, romantic partners, personal assistants, and even personal private pilots.
Weiterlesen »