July 25, 2023 at 5:57 PM EDT

Updated on

July 25, 2023 at 8:21 PM EDT

British billionaire Joe Lewis, the owner of the Tottenham Hotspur soccer club in London, has been charged with insider trading in the US.

Federal prosecutors alleged in an indictment in New York that the 86-year-old passed on inside information from companies in which he was a large investor to friends, including his personal pilots, assistants, and romantic partners. Lewis, the founder of investment firm Tavistock Group, faces more than a dozen charges, including securities fraud.