Report: Update as ex-Spurs owner Joe Lewis is due back in court for insider trading trial
The Daily Mail have revealed that Joe Lewis, whose family trust owns a majority stake in Tottenham, will re-appear in court in January of next year for his alleged role in an insider trading scheme. Back in July, Lewis was charged with multiple counts of insider trading by American authorities, with the Bahamas-based Billionaire indicted […]
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The Daily Mail have revealed that Joe Lewis, whose family trust owns a majority stake in Tottenham, will re-appear in court in January of next year for his alleged role in an insider trading scheme.
Back in July, Lewis was charged with multiple counts of insider trading by American authorities, with the Bahamas-based Billionaire indicted for passing information to “romantic partners and his private pilots,” according to the US attorney for the Southern District of New York, Damian Williams (The Athletic).
It has since been reported that the development is not expected to affect Spurs since Lewis is no longer in control of the club, having transferred control to Lewis Family Trusts last year (Telegraph).
Joe Lewis (right) (Photo by Gary W. Green/Orlando Sentinel/Tribune News Service via Getty Images)
Joe Lewis will reappear for a hearing in January
The Mail have now explained that Lewis had been released on a $300million bond after pleading not guilty to 19 counts of insider trading and conspiracy in a Manhattan courtroom back in July.
He was ordered to hand over his passport, meaning that he could not leave the United States.
The publication claims that Lewis is not out of trouble just yet as he is expected to be back in court in early 2024 for another hearing for his alleged role in insider trading.
Spurs Web Opinion
It is now clear that this will not affect Spurs directly, with the Premier League seemingly satisfied that Lewis is no longer part of the ownership at Tottenham. However, I do wonder if this case and the ultimate verdict of the trial might impact how quickly the current ownership decides to sell the club.
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The post Report: Update as ex-Spurs owner Joe Lewis is due back in court for insider trading trial appeared first on Spurs Web - Tottenham Hotspur Football News.