Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. https://www.ft.com/content/7da5d7e5-2c4d-4619-9c81-294d9a634ac4 Joe Lewis, the billionaire real estate investor and owner of Tottenham Hotspur football club, has been charged over multiple alleged instances of insider trading, US prosecutors said on Tuesday. The 86-year-old, who is one of Britain’s richest men, is accused of tipping off employees, associates, friends and romantic interests with non-public information about companies in which he had invested, and lending some of them hundreds of thousands of dollars to trade on the knowledge. He has been charged with 19 counts, including securities fraud and conspiracy to commit securities fraud and make false statements.
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. https://www.ft.com/content/7da5d7e5-2c4d-4619-9c81-294d9a634ac4 The tax exile built his reputation as a currency speculator when he, like George Soros, bet against the pound in the build-up to Black Wednesday in 1992. However, he suffered a $1bn hit when Wall Street bank Bear Stearns, in which he was an investor, collapsed into a rescue by JPMorgan in 2008. The currency trader’s profile grew when he took control of Tottenham, buying shares from British businessman Alan Sugar. In 2019, Spurs completed work on a £1.2bn stadium that has increased its revenues, but fans have complained that the club has failed to add much silverware to its trophy cabinet.