British billionaire Joe Lewis indicted for alleged insider trading scheme involving Mirati, Solid Bio shares

British bil­lion­aire Joe Lewis has been charged with or­ches­trat­ing an in­sid­er trad­ing scheme in which he al­leged­ly tipped off friends and as­so­ciates so that they can prof­it off of stock trades in sev­er­al biotech com­pa­nies.

“We al­leged that for years Joe Lewis abused ac­cess to cor­po­rate board­rooms and re­peat­ed­ly pro­vid­ed in­sight in­for­ma­tion to his ro­man­tic part­ners, his per­son­al as­sis­tants, his pri­vate pi­lots and his friends,” said Dami­an Williams, the Unit­ed States at­tor­ney for the South­ern Dis­trict of New York, in a video state­ment post­ed on X, the so­cial me­dia plat­form pre­vi­ous­ly known as Twit­ter.

To read Endpoints News become a free subscriber

Unlock this article instantly, along with access to limited free monthly articles and our suite of newsletters

SIGN UP LOG IN