{"id":289641,"date":"2023-09-05T16:34:06","date_gmt":"2023-09-05T16:34:06","guid":{"rendered":"https:\/\/sports-life-news.com\/?p=289641"},"modified":"2023-09-05T16:34:06","modified_gmt":"2023-09-05T16:34:06","slug":"ex-spurs-owner-joe-lewis-due-back-in-court-in-january","status":"publish","type":"post","link":"https:\/\/sports-life-news.com\/soccer\/ex-spurs-owner-joe-lewis-due-back-in-court-in-january\/","title":{"rendered":"Ex-Spurs owner Joe Lewis due back in court in January"},"content":{"rendered":"<h2>Former Tottenham owner Joe Lewis due back in court in January as British billionaire awaits insider trading trial following $300m bond hearing<\/h2>\n<ul>\n<li><span>Joe Lewis\u00a0pleaded not guilty to 19 counts of insider trading and conspiracy\u00a0<\/span><\/li>\n<li><span>The British billionaire has amassed a fortune estimated to be worth $6.1billion\u00a0<\/span><\/li>\n<li><strong>DailyMail.com provides all the latest international sports news\u00a0<\/strong><\/li>\n<\/ul>\n<p>Joe Lewis,\u00a0the British billionaire whose family trust owns a majority share in Premier League soccer club\u00a0Tottenham Hotspur, is not slated to re-appear in a New York courtroom until January over his alleged role in a &#8216;brazen&#8217; insider trading scheme.<\/p>\n<p>The 86-year-old, whose fortune is estimated to be worth $6.1billion, pleaded not guilty to 19 counts of insider trading and conspiracy in a Manhattan courtroom back in July.<\/p>\n<p>Lewis surrendered to the FBI\u00a0before being released on $300million bond, secured by his superyacht Aviva &#8211; which is worth $250million &#8211; and personal aircraft.\u00a0<\/p>\n<p>He was ordered tp hand over his passport and cannot leave the United States.<\/p>\n<p>Initially, Lewis was expected back in court on Tuesday but it is understood the 86-year-old will now wait until early 2024.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/05\/16\/73651971-12483121-The_billionaire_s_300m_bond_was_secured_by_his_superyacht_Aviva_-a-10_1693926133379.jpg\" height=\"654\" width=\"634\"><\/p>\n<p>British billionaire Joe Lewis is not expected to re-appear in a New York courtroom until January\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/05\/16\/73651987-12483121-Tottenham_described_the_charges_against_Lewis_as_a_legal_matter_-a-13_1693926179381.jpg\" height=\"425\" width=\"634\"><\/p>\n<p>Tottenham described the charges against Lewis as a &#8216;legal matter unconnected with the club&#8217;<\/p>\n<p>Lewis is accused of &#8216;orchestrating a brazen insider trading scheme&#8217; by passing on tips about companies to friends, personal assistants, private pilots and romantic partners.\u00a0<\/p>\n<p>The alleged crimes are said to have taken place between 2013 and 2021, when Lewis was Spurs\u2019 owner.\u00a0<\/p>\n<p>Lewis appeared in federal court on July 26, along with two of his pilots and co-defendants &#8211; Patrick O&#8217;Connor and Bryan Waugh. They are suspected of making millions of dollars in illegal profit from Lewis&#8217; tips. They, too, pleaded not guilty.<\/p>\n<p>The hearing saw the billionaire charged with 16 counts of securities fraud and three counts of conspiracy. The charges each carry a maximum prison sentence of between five and 25 years.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/05\/16\/73650689-12483121-The_86_year_old_is_pictured_alongside_Spurs_chairman_Daniel_Levy-a-11_1693926140486.jpg\" height=\"445\" width=\"634\"><\/p>\n<p>The 86-year-old is pictured alongside Spurs chairman Daniel Levy (right) in north London\u00a0<\/p>\n<p>O\u2019Connor, from New York, and Waugh, from Virginia, each face seven counts of securities fraud and one count of conspiracy.<\/p>\n<p>Lewis\u2019 Tavistock Group has investments across more than 200 companies and 13 countries,\u00a0<span>including ENIC which bought a controlling stake in Tottenham in 2001.<\/span><\/p>\n<p>But Spurs responded to the scandal surrounding Lewis with a statement describing the charges as a &#8216;legal matter unconnected with the club.&#8217;<\/p>\n<p>The ownership of ENIC passed to the Lewis Family Discretionary Trust in October last year and Lewis is not a beneficiary, meaning he no longer comes under Premier League rules, which bar owners who are being investigated by a criminal authority.<\/p>\n<p>The family trust is managed by two independent professional trustees \u2014 Katie Louise Booth, a Briton living in the Bahamas, and Bryan Antoine Glinton, a Bahamian lawyer \u2014 on behalf of its beneficiaries and they have been listed as the persons of significant control at Spurs since October.<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12483121\/Former-Tottenham-owner-Joe-Lewis-court-January-British-billionaire-awaits-insider-trading-trial-following-300m-bond-hearing.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Tottenham owner Joe Lewis due back in court in January as British billionaire awaits insider trading trial following $300m bond hearing Joe Lewis\u00a0pleaded not guilty to 19 counts of insider trading and conspiracy\u00a0 The British billionaire has amassed a fortune estimated&#8230;<\/p>\n","protected":false},"author":2,"featured_media":289640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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