Tottenham owner Joe Lewis has been arrested and will appear in court in the United States on Wednesday charged with giving insider trading tips to friends, lovers and even his personal pilots.
The US Attorney’s Office for the Southern District of New York has charged the 86-year-old with 16 counts of securities fraud and three counts of conspiracy.
Prosecutors say Lewis is alleged to have used his access to confidential information to provide stock tips to individuals close to him, with the indictment referring to one girlfriend having made 849,000 US dollars (£657,000) on one of those tip-offs.
Lewis was arrested on Wednesday morning, prosecutors said. A spokesperson for the US Attorney’s Office said Lewis would appear at Manhattan Federal Court in the afternoon.