U.S. Attorney Damian Williams of the Southern District of New York announced Tuesday that his office has indicted British billionaire and Tottenham Hotspur majority owner Joe Lewis "for orchestrating a brazen insider trading scheme."
US Attorney SDNY @SDNYnewsStatement of U.S. Attorney Damian Williams on U.S. v. Joseph Lewis <a href="https://t.co/9rGTTYVx6h">pic.twitter.com/9rGTTYVx6h</a>
Sports broadcaster Ben Jacobs relayed more of Williams' statement:
Ben Jacobs"Those folks then traded on that inside information and made millions of dollars in the stock market. Thanks to Lewis, those bets were a sure thing. Now, none of this was necessary.