Deltec, SBF-linked billionaire Joe Lewis set for guilty plea to insider trading
Joe Lewis, the billionaire former Premier League football club owner who sold Sam Bankman-Fried more than $76 million worth of property in the Bahamas, is set to plead guilty to 19 fraud charges, reports Financial Times. Lewis, who owned London-based Tottenham Hotspur, handed himself in to US authorities last year after he was charged with a number of offenses including securities fraud, conspiracy, and making false statements. The 86-year-old is accused of helping his ex-girlfriend and his personal pilots invest in numerous biotech companies before positive news was announced publicly. Those involved profited over half a million dollars. Lewis pleaded not guilty last summer, claiming that the US government’s decision to charge him was “an egregious error in judgement.” He was subsequently released on a $300 million bond — about $50 million more than FTX founder Sam Bankman-Fried . Joe Lewis and SBF linked by Deltec owner Lewis, who previo US ly ran a chain of restaurants, ...