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Tavistock Group

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legalcrime2 years ago

"British Billionaire Joe Lewis Admits Guilt in Insider Trading Case"

British billionaire Joe Lewis and his company, Broad Bay Ltd., pleaded guilty to securities fraud and insider trading in a New York federal court. Lewis, the owner of Tottenham Hotspur, faces a maximum possible sentence of 20 years in prison and a $50 million penalty for his involvement in a scheme to hide his ownership of shares and tipping off friends, employees, and romantic interests with inside information. His spokesman expressed remorse and apologized, emphasizing Lewis' long life of accomplishment and integrity.

via CNBC|
#insider-trading#joe-lewis#legalcrime
businesscrime2 years ago

"Former Tottenham Owner Joe Lewis Pleads Guilty to Insider Trading Charges"

UK billionaire Joe Lewis, owner of Tottenham Hotspur football club, has pleaded guilty to insider trading in a US court, admitting to passing on information about his companies to various contacts. The fraud netted millions of dollars in profit, and Lewis pleaded guilty to conspiracy and two counts of securities fraud as part of a deal with prosecutors. He faces a maximum sentence of 20 years for each securities fraud count, but the plea agreement allows him to appeal if sentenced to prison time.

via BBC.com|
#businesscrime#guilty-plea#insider-trading
legalcrime2 years ago

"British Billionaire Joe Lewis Pleads Guilty to Insider Trading in US"

British billionaire Joe Lewis, 86, pleaded guilty to US insider trading charges, admitting to passing inside information on his portfolio companies to pilots, friends, and associates, enabling them to make millions in profit. Lewis apologized to the court and faces sentencing on 28 March. He remains free on a $300m bond secured by his yacht and private aircraft, with travel restrictions. Prosecutors allege Lewis engaged in securities fraud and conspiracy from 2013 to 2021, involving companies including Mirati Therapeutics and BCTG Acquisition.

via The Guardian|
#guilty-plea#insider-trading#joe-lewis