Legal

Billionaire Joe Lewis Pleads Not Guilty in Insider Trading Case

Prosecutors also criminally charge Lewis’s private pilots
Prosecutors say the billionaire passed tips to staff, ‘lovers’

Joe Lewis leaves court in New York on July 26.Photographer: Victor J. Blue/Bloomberg

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By Ava Benny-Morrison and Bob Van Voris

July 26, 2023 at 1:05 PM UTC

Updated on

July 26, 2023 at 6:04 PM UTC

This article is for subscribers only.

British Billionaire Joe Lewis, who controls Tottenham Hotspur soccer club, appeared in a New York court to face charges that he gave lucrative, and illegal, trading tips to staff on his superyacht, private jet pilots and girlfriends.

The 86-year-old entered a not guilty plea to insider trading charges at a hearing Wednesday afternoon, hours after he turned himself in to US authorities. Two of his pilots also pleaded not guilty at the proceeding.