British billionaire Joe Lewis has been indicted “for orchestrating a brazen insider trading scheme,” that alleges the Tavistock Group owner provided insider information to his romantic partners, personal assistants, private pilots and friends.
“None of this was necessary — Joe Lewis is a wealthy man,” said Damian Williams, the U.S. attorney for the Southern District of New York. “But as we allege, he used inside information as a way to compensate his employee or to shower gifts on his friends and lovers.
“That’s classic corporate corruption. It’s cheating, and it’s against the law. Laws that apply to everyone, no matter who you are.”
Tavistock Group is a private investment organization based in the Bahamas that was founded by Lewis in 1975. Included in Tavistock’s portfolio is English Premier League giant Tottenham Hotspur as well as golf communities such as Isleworth in Windermere, Florida, Lake Nona in Orlando and Albany in the Bahamas.
