The British billionaire Joe Lewis has been charged of insider trading
Kelly Taylor
US officials said on Tuesday that Joe Lewis, a tycoon and owner of the soccer team Tottenham Hotspur, has been accused of various charges of insider trading.
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Accused of insider trading
Lewis, an 86-year-old self-made billionaire, was born in London but only sometimes visits the country.
Joe Lewis, the British billionaire
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The Forbes Rich List estimates his net worth at an astounding £4.3 billion.
His net worth
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Among the 19 accusations against him are securities fraud, conspiracy to commit securities fraud, and making false claims.
Lewis has 19 charges
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The Spurs owner was charged with "typical business corruption" by US Attorney Damian Williams this evening.
Spurs owner charged Lewis
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Lewis and his friends used the stolen data, which included positive clinical trial findings, to generate a fortune, per an affidavit filed in Manhattan federal court on Tuesday.
Used stolen data
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Lewis is accused of sharing information with his fiancée, the personal assistants on the $250 million superyacht he occasionally resides on, and two of his private pilots.
Shared confidential data
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Lewis used data he got as a board member of firms for eight years, per the prosecution, to advise people when to buy or sell shares before it fell in cost.
Since 8 years, Lewis has sharing data
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This evening, a video was released in which the US Attorney said, “Because of this, Joe Lewis was charged and will be tried in the Southern District of New York.”
Lewis will be charged and tried
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