Joe Lewis, the British billionaire and owner of the Tottenham Hotspur soccer team, has been indicted in the U.S. on charges of insider trading. U.S. Attorney Damian Williams alleges that Lewis had schemed for years to abuse his access to corporate boardrooms and provided inside information to his inner circle. The SEC is seeking to recover more than $50 million in illegal profits, plus interest and penalties, and Lewis could face up to 20 years in prison if convicted.
