Former Tottenham Owner Joe Lewis Pleads Guilty to Insider Trading Charges in the US
Former Spurs owner Joe Lewis has pleaded guilty to a number of criminal charges in the US after he was charged with insider trading last year.
Joe Lewis Admits to Insider Trading Charges
Former Tottenham Hotspur owner Joe Lewis has admitted to three charges in relation to insider trading in the United States.
The 86-year-old pleaded guilty to one count of conspiracy to commit securities fraud and two counts of security fraud.
He pleaded not guilty to 14 counts of security fraud and two counts of conspiracy, for alleged crimes spanning from 2013 to 2021.
Lewis Apologizes for his Conduct
Lewis told the New York court on Wednesday: 'I am so embarrassed and I apologise to the court for my conduct.'
He was charged in July 2023 with passing inside information on his portfolio companies to two of his private pilots as well as friends, personal assistants, and romantic partners.
This enabled them to reap millions of dollars in profit, according to prosecutors.
Profile of Joe Lewis
Joe Lewis owns the Tavistock Group, with more than 200 assets across 13 countries, and the UK pub operator Mitchells & Butlers. Forbes puts his wealth at £4.65bn.
He bought a controlling stake in the Premier League club Tottenham 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.
