The British billionaire owner of Tottenham Hotspur, Joe Lewis has been indicted for orchestrating a “brazen” insider trading scheme, the US attorney in Manhattan has said.

In a video posted on messaging platform X, formerly known as Twitter, Damian Williams said: “Today I’m announcing that my office, the southern district of New York has indicted Joe Lewis, the British billionaire, for orchestrating a brazen insider trading scheme.

“We allege that for years Joe Lewis abused access to corporate board rooms and repeatedly provided inside information to his romantic partners, his personal assistants, his pilots and his friends.

“Those folks then traded on that inside information and made millions of dollars on the stock market. Thanks to Lewis those bets were a sure thing.

“None of this was necessary. Joe Lewis is a wealthy man, but as we allege he used insider information to compensate his employees, or to shower gifts on his friends and lovers.

“That’s classic corporate corruption. It’s cheating and it’s against the law.”

Related posts:

Tiger Woods driving at ‘excessive speed’ at time of serious car crash, police say ‘Worst thing imaginable’: Kobe Bryant’s widow reveals she learned of his death via online tributes Prince Andrew’s lawyer asks judge to keep 2009 legal agreement sealed US fights to overturn Assange extradition ban – and says he could serve sentence in Australia Biden pits democracy against Putin’s ‘menacing’ evil – but insists US will not fight in Ukraine Trump tried ‘to defraud US’ over 2020 results, Capitol riot investigators say Participation trophies for children in sports may be banned in US state Biden to visit Northern Ireland and the Republic next week Plane makes emergency landing after nose wheels fail to come down Satellite images show smoke from Canada wildfires across UK – as fresh alerts issued in US Rape suspect tells court he can’t raise his arms – despite doing so twice Little Miss Sunshine and Argo actor has died