{"id":1982803,"date":"2023-07-26T03:39:01","date_gmt":"2023-07-26T07:39:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/british-billionaire-joe-lewis-charged-for-brazen-insider-trading-in-us\/"},"modified":"2023-07-26T03:42:11","modified_gmt":"2023-07-26T07:42:11","slug":"british-billionaire-joe-lewis-charged-for-brazen-insider-trading-in-us","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/british-billionaire-joe-lewis-charged-for-brazen-insider-trading-in-us\/","title":{"rendered":"UK billionaire Joe Lewis faces charges of &#8216;bold&#8217; insider trading in the US."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbritish-billionaire-joe-lewis-charged-for-brazen-insider-trading-in-us%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1982803&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>British \u200bBillionaire Joe Lewis Indicted for Insider \u200bTrading Scheme<\/h2>\n<p>British billionaire and owner of \u200bsoccer giant Tottenham Hotspur, Joe Lewis, has been indicted on charges of\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/british-billionaire-joe-lewis-charged-for-brazen-insider-trading-in-us\/\" title=\"UK billionaire Joe Lewis faces charges of 'bold' insider trading in the US.\">sharing insider trading secrets<\/a> with his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amazon-releases-inclusion-playbook-includes-rules-for-writing-humor-and-satire\/\" title=\"Amazon Releases \u2018Inclusion Playbook,\u2019 Includes Rules For Writing Humor And Satire\">romantic partners<\/a> \u2062and friends in a\u2064 &#8220;brazen&#8221; <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-sue-to-try-to-disqualify-3-gop-congressmen-from-2022-ballot\/\" title=\"Democrats Sue to Try to Disqualify 3 GOP Congressmen From 2022 Ballot\">criminal scheme<\/a>, according to U.S. prosecutors.<\/p>\n<blockquote>\n<p>&#8220;Thanks\u200b to\u200c Lewis, those bets\u200d were\u200d a sure thing.&#8221;<\/p>\n<\/blockquote>\n<p>Prosecutors allege that Lewis used \u2064his access to various\u2063 corporations to obtain lucrative \u2063secrets, \u200dwhich he then shared\u2063 &#8220;as a way to compensate\u2064 his employees\u200c or to \u2062shower gifts\u200d on his friends and lovers.&#8221; The charges against him include \u200dsecurities fraud and conspiracy.<\/p>\n<p>David Zornow, an attorney for Lewis, said his client came to the U.S. &#8220;to answer these\u200c ill-conceived \u200dcharges&#8221; \u2064and \u2063fight\u200c them vigorously.<\/p>\n<blockquote>\n<p>\u201cThe government has made \u2064an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cnns-brian-stelter-oliver-darcy-say-legacy-media-outlets-like-the-washington-post-have-layers-of-protection-against-bogus-stories\/\" title=\"CNN\u2019s Brian Stelter, Oliver Darcy Say Legacy Media Outlets, Like The Washington Post, Have \u2018Layers Of Protection\u2019 Against \u2018Bogus\u2019 Stories\">egregious error<\/a> in judgment in charging Mr.\u2062 Lewis, an 86-year-old man of \u2064impeccable integrity and prodigious accomplishment,\u201d Zornow\u2064 said \u2064in\u2064 a statement.<\/p>\n<\/blockquote>\n<p>Lewis&#8217;s investments \u2064in various companies reportedly gave him control of board seats, where he placed \u2062associates who \u200dtold him what \u2062they learned. \u200bProsecutors said that, between 2019 and 2021, Lewis illegally spread that confidential information\u2064 to his \u200bpersonal \u200dassistant, his pilots,\u200c his girlfriend, and more people, urging them to make a profit from it.<\/p>\n<p>Forbes estimates that Lewis\u2062 has a\u200d net\u2064 worth\u2062 of $6.1 billion, owning the Tavistock Group, \u2064with more \u2064than 200 assets across 13 \u200ccountries. \u2063Through the \u200dprivate investment \u200corganization, which\u200c he founded, \u2064Lewis owns Tottenham, a \u200cmassive\u2064 British soccer club that competes in\u200d the Premier League, the\u2064 wealthiest \u200dleague in Europe, if not the world.<\/p>\n<p>At the end of May, Forbes ranked Tottenham as the ninth most valuable soccer team in the world at\u200c $2.8 billion.<\/p>\n<blockquote>\n<p>&#8220;None of this was necessary. Joe \u200bLewis\u2063 is a wealthy man,&#8221; Williams \u2062said\u200b of the \u2064alleged crimes \u200dcommitted by the defendant. &#8220;That&#8217;s classic \u2063corporate corruption. It&#8217;s cheating.\u200d And it&#8217;s against the law.&#8221;<\/p>\n<\/blockquote>\n<p><strong>Click here to read more \u200dfrom The Washington Examiner.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>British billionaire and Tottenham Hotspur owner, Joe Lewis, faces charges of sharing insider trading secrets with romantic partners and friends. U.S. prosecutors claim Lewis orchestrated a &#8220;brazen&#8221; criminal scheme, enabling his associates to profit millions from confidential stock tips.<\/p>\n","protected":false},"author":1,"featured_media":1982804,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1982803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1982803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1982803"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1982803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1982804"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1982803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1982803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1982803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}