Tottenham Chairman Joe Lewis Faces Stunning Indictment in New York - Shocking Allegations Revealed!
Tottenham owner Joe Lewis faces indictment in New York for an alleged insider trading scheme Accused of using privileged information to reward employees, friends, and lovers, Lewis vows to vigorously defend against the charges
Joe Lewis, the British billionaire owner of Tottenham Hotspur, has been officially charged for masterminding a bold insider trading scheme, as confirmed by the US attorney in Manhattan. In a video shared on messaging platform X (formerly Twitter), Damian Williams declared, "I am pleased to announce that my office, the southern district of New York, has indicted Joe Lewis, the British billionaire, for orchestrating an audacious insider trading scheme."
We contend that Joe Lewis has been misusing his privileges to enter corporate board rooms for an extended period, consistently divulging confidential information to his romantic partners, personal assistants, pilots, and acquaintances.
Consequently, these individuals capitalized on the provided inside information, resulting in significant profits on the stock market. Lewis's involvement ensured foolproof success for these investments.
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"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 a textbook example of corporate corruption, a flagrant violation of both moral and legal principles."
According to Mr Lewis' attorney, David Zornow, the government has committed a grave error in accusing Mr Lewis, an 86-year-old individual with a flawless reputation for honesty and remarkable achievements.
Mr. Lewis voluntarily arrived in the United States to address the unjust accusations, ensuring a forceful defense in court. The Tavistock Group, under his ownership, holds over 200 assets in 13 countries, including Tottenham Hotspur and the UK pub operator Mitchells & Butlers. According to Forbes, his wealth amounts to £4.65bn.
He bought a controlling stake in the Premier League club from Alan Sugar for £22m in 2001.
He now lives in the Bahamas, a far cry from his humble beginnings in London's East End.
Born above a pub in Roman Road, Bow, Joe Lewis commenced his journey by leaving school at the age of 15 to assist his father in managing Tavistock Banqueting, a prestigious West End catering business. With the sale of this establishment in 1979, Lewis laid the foundation for his initial fortunes, which ultimately led him to venture into the realm of currency trading.
During the year 1992, Lewis purportedly joined forces with renowned American billionaire George Soros in a bold and audacious wager against the pound's stability within the European Exchange Rate Mechanism (EERM).
Black Wednesday, as it became known, sank sterling and forced the British government to withdraw the pound from the EERM.
