NEW YORK —
Manhattan-based U.S. attorney Damian Williams announced the insider trading case in a video posted on Twitter. A message seeking comment was sent to a spokesperson for Tavistock Group, Lewis’ umbrella company for investments that span from real estate to biotechnology. Williams outlined charges of “brazen” insider dealing by the billionaire, saying that he exploited his entrée to various corporations to reap tips that he slipped to people in his own inner circle, who deployed the knowledge to make stock trades and millions of dollars.
“As we allege, he used insider information as a way to compensate his employees and shower gifts on his friends and lovers,” Williams said. “It’s cheating, and it’s against the law.”The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: thedailybeast - 🏆 307. / 63 Read more »
Source: Reuters - 🏆 2. / 97 Read more »