Tottenham owner Joe Lewis indicted for insider trading: US News Live Update

As news concerning the British billionaire Joe Lewis is currently trending online, we’re going to discuss him here. The general public is interested in learning more about him, and they are all using the internet to do it. Additionally, they are all searching for details about recent viral stories about him. As a result, we have included information on him in this post for your readers. Not only that, but we’re also going to provide information on the viral news that is now trending online. To learn more, keep reading the article.

Karen Read Verdict

Tottenham owner Joe Lewis indicted for insider trading

Lewis is a businessman and investor from the UK. The Sunday Times Rich List predicts Lewis’s net worth to be £5.096 billion in 2023. Lewis is a significant shareholder in the Premier League football team Tottenham Hotspur. After selling the family business in the late 1970s, Lewis moved to the Bahamas and is today a tax exile. Lewis then changed his career in the 1980s and 1990s to currency trading.

Karen Read Verdict

Lewis bet that the pound would quit the European Exchange Rate Mechanism in September 1992. As a result of the occurrence, sometimes known as “Black Wednesday,” Lewis amassed enormous wealth. Lewis keeps engaging in currency trading. Lewis is the main investor in the Tavistock Group, which has ownership over more than 200 companies in 15 different countries.

Karen Read Verdict

Lewis has been married twice. His first union, with Esther Browne, was annulled. Their two children were named Charles Lewis and Vivienne Lewis Silverton. As his “heir,” Vivienne Lewis Silverton sits on the Tavistock board of directors. Toby Silverton, the former chairman of Bristol Cars, which Tavistock once held in its whole, is divorced from her. She dated former Liverpool footballer Craig Johnston for 18 years, from the 2000s to the 2010s. Charles Lewis lives in Argentina and has a wife named Jane Lewis.

US federal authorities charged the billionaire owner of the sports team Tottenham Hotspur on Tuesday with organizing “brazen” insider trading. Joe Lewis allegedly shared inside information from businesses in which he had investments with associates, including his personal pilots, aides, and love partners, according to Damian Williams, the US attorney for the southern district of New York. A 19-count indictment against the 86-year-old founder of the investment company Tavistock Group includes 16 counts of securities fraud and three counts of conspiracy. According to the prosecution, Lewis lent money to those who received his tips in some insider trading cases. For instance, in October 2019, Lewis sent $1 million to two pilots so they could purchase stock in the biotech business Mirati.

Neksha Gupta

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