British billionaire Joe Lewis pleads guilty to insider trading, securities fraud [MSNBC.com]
Mirati Therapeutics, Inc. (MRTX)
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Source: MSNBC.com
British billionaire and Tottenham Hotspur owner Joe Lewis exits the United States Courthouse in Manhattan, following his appearance on insider trading charges, in New York City, U.S., July 26, 2023.Amr Alfiky | ReutersJoseph Lewis"Lewis abused inside information he gained through his access to corporate boardrooms to tip off his friends, employees, and romantic interests," said Manhattan U.S. Attorney Damian Williams, whose office prosecuted the case."Now, he will pay the price with a federal conviction, the prospect of time in prison, and the largest financial penalty for insider trading in a decade."Read more CNBC politics coverageLewis, 86, is the principal owner of the private investment organization Tavistock Group, and through a family trust controls a majority ownership stake in the English Premier League soccer team Tottenham Hotspur.He was arrested in July in the case, where prosecutors said he had loaned two of his private aircraft pilots $500,000 and encouraged them to buy
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