Joe Lewis, Owner of Tottenham Hotspur, Faces Charges for Suspected Insider Trading

Joe Lewis, the owner of English Premier League club Tottenham Hotspur, has been charged with alleged insider trading by the Financial Conduct Authority. Lewis, a billionaire businessman, is accused of trading in shares of pub company Mitchells & Butlers using inside information in 2008. The case is related to Lewis’ position as a shareholder in the company at the time. The alleged fraudulent activity reportedly generated a profit of about £2.2 million ($2.9 million). Lewis, who resides in the Bahamas, is set to appear in court in January 2023..

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Joe Lewis: Tottenham Hotspur owner charged over alleged insider trading

Joe Lewis, the owner of Tottenham Hotspur football club, has been charged with alleged insider trading by the Financial Conduct Authority (FCA). The allegations relate to trading shares in another company, the now-defunct Bear Stearns, in 2008. The FCA claims that Lewis made a profit of around £97 million by trading shares before the collapse of Bear Stearns, which led to significant losses for other investors. Lewis, who is based in the Bahamas and has an estimated net worth of around £4.3 billion, denies the charges. The case is set to go before the Upper Tribunal.

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