English club Tottenham Hotspur owner Joe Lewis has been charged with “orchestrating a brazen insider trader scheme.”
US attorney Damian Williams used a video announcement to accuse the British billionaire of using inside information to “shower gifts on his friends and lovers”.
Lewis “has been indicted and will face justice” in the Southern District of New York (SDNY), Williams said.
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In the video statement, posted on Twitter, Williams set out a series of allegations against Lewis. Meanwhile, a formal written statement, known as an indictment, has yet to be released.
“We allege that, for years, Joe Lewis abused his access to corporate board rooms and repeatedly provided inside information to his romantic partners, his personal assistants, his private pilots, and his friends,” Williams said in the video.
Damian Williams is the chief federal law enforcement officer for the SDNY. He also alleged that Joe Lewis’s acquaintances used that information to make millions of dollars in the stock market.
“Thanks to [Mr] Lewis, those bets were a sure thing,” he claimed.
Meanwhile, Joe Lewis owns hundreds of assets, including Premier League north London club Tottenham. He also has a stake in UK pub chain Mitchells & Butlers. Forbes magazine has recently estimated his fortune at £4.73bn ($6.1bn).
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