Joe Lewis and insider trading

[McFlash]

That's partly true but he is involved in other fraud, who could we buy for $25 million. ? Another Sarr or Udogie.
It will be forgotten very soon but we are named in every story.


On Wednesday, Broad Bay, a company owned by Lewis, also pleaded guilty in a separate case alleging it had engaged in securities fraud to conceal the size of Lewis’s stake in Mirati Therapeutics, a pharmaceutical company, from regulators. That allowed companies he controlled to exercise warrants in the business “at vast financial gain”, the DoJ said. After Mirati shares held in offshore companies were sold in 2018, approximately $25mn was transferred to an account controlled by Broad Bay, prosecutors said.

Has Joe ever put any of his own money into the club?
You're saying "who could we have bought for 25m", as if that was money we could have had but it's all other companies that he owned, not Spurs.

We're also not named in the quote you posted, so I'm not sure it lends your last sentence and credence either.

 

[Led's Zeppelin]

That's partly true but he is involved in other fraud, who could we buy for $25 million. ? Another Sarr or Udogie.
It will be forgotten very soon but we are named in every story.


On Wednesday, Broad Bay, a company owned by Lewis, also pleaded guilty in a separate case alleging it had engaged in securities fraud to conceal the size of Lewis’s stake in Mirati Therapeutics, a pharmaceutical company, from regulators. That allowed companies he controlled to exercise warrants in the business “at vast financial gain”, the DoJ said. After Mirati shares held in offshore companies were sold in 2018, approximately $25mn was transferred to an account controlled by Broad Bay, prosecutors said.

What has this to do with Spurs though?

Until there is evidence that Spurs have benefited from illegal activities, they are not affected in any way.

And as far as I'm aware, there has never been the slightest suggestion that they have.

 

[SirHarryHotspur]

Has Joe ever put any of his own money into the club?
You're saying "who could we have bought for 25m", as if that was money we could have had but it's all other companies that he owned, not Spurs.

We're also not named in the quote you posted, so I'm not sure it lends your last sentence and credence either.

Apart from the initial buying shares from Sugar he has put nothing into the club, it was stories going around that he was just helping friends that is not strictly true and no he is not going to give us $25 million.
The clip was in the FT and we appear in the very first paragraph as we do in every story

 

[McFlash]

Apart from the initial buying shares from Sugar he has put nothing into the club, it was stories going around that he was just helping friends that is not strictly true and no he is not going to give us $25 million.
The clip was in the FT and we appear in the very first paragraph as we do in every story and some like ESPN say he owns Spurs.

Joe Lewis, the British billionaire whose family owns Tottenham Hotspur football club, has pleaded guilty to three criminal counts in an insider trading case, tarnishing the reputation of the wealthy investor.

Tottenham's Lewis pleads guilty to insider trading

British billionaire Joe Lewis, whose family trust controls a majority of Tottenham, pleaded guilty to U.S. insider trading charges on Wednesday.

www.espn.co.uk

Well, it says his family own Spurs, not him.
I really don't think we need to be fretting over this.

 

[Indacupfortottenham]

Fuck Chuck Rhodes! #freejoelewis

 

[UncleBuck]

Well, it says his family own Spurs, not him.
I really don't think we need to be fretting over this.

If I remember rightly when it came out on here that there had been a transfer of his shares quite a few of us thought he was either about to cark it or we were getting taken over.
Quite clearly he knew what was coming back then and was probably advised to cut all ties with us.

 

[talkshowhost86]

If he's guilty, which he almost certainly is, then I hope he goes to prison.

 

[jurgen11]

If he's guilty, which he almost certainly is, then I hope he goes to prison.

Done a deal

 

[alexis]

If he's guilty, which he almost certainly is, then I hope he goes to prison.

Why

 

[talkshowhost86]

Why

Because that's how law works

 

[neilp]

If he's guilty, which he almost certainly is, then I hope he goes to prison.

I rather they use his spot in prison for the next person carrying a big fuck off knife

 

[ukdy]

If he's guilty, which he almost certainly is, then I hope he goes to prison.

1. He wont go to prison.
2. He's changing his plea now, to avoid jail time (however unlikely)
4. Doing so brings a reduced fine, and to save the Government money
6. I like to make lists out of order.

 

[Spriggan]

Here's the link to the BBC article that was posted less than 30 minutes ago: https://www.bbc.com/news/world-us-canada-68025903

 

[talkshowhost86]

I rather they use his spot in prison for the next person carrying a big fuck off knife

What a very Conservative way to look at the justice system

Bravo

 

[fortworthspur]

Did he benefit from the insider training or was he helping others benefit by giving them information?

sounds like the second one. honestly I dont know how you can completely avoid it. you're going to talk about your work.

 

[mark87]

 

[neilp]

What a very Conservative way to look at the justice system

Bravo

Your opinion is fair enough even though i disagree, however I would rather eradicate knife crime than insider trading.

 

[jay2040]

If he's guilty, which he almost certainly is, then I hope he goes to prison.

And gets to hold someone's inner pocket. Similar to what T Bag used to make his bitches do in Prison Break!

 

[jay2040]

I rather they use his spot in prison for the next person carrying a big fuck off knife

You know its in not in the UK. So surely better someone with an AK if one is taking your moral stance! Just saying!

 

[Misfit]

There is no equivalence whatsoever. Tiresome nonsense.