African players in Europe: Osimhen, Salah open goal accounts
African stars Victor Osimhen and Mohamed Salah opened their goal accounts for the season as they helped Napoli and Liverpool to...
2023-08-21 17:54
Liverpool transfer rumours: Thiago price tag; midfield shortlist revealed
All the latest Liverpool transfer rumours including news of midfield targets and Thiago Alcantara's price tag.
2023-07-17 01:24
McCaffrey trade paying big dividends for the 49ers a year later
When the San Francisco 49ers dealt a bevy of draft picks to Carolina last October for Christian McCaffrey, some skeptics asked whether they overpaid for a running back in a passing league
2023-10-05 07:15
Billionaire whose family trust owns Spurs denies insider trading – reports
British billionaire Joe Lewis – whose family trust owns Tottenham – has been bailed by a judge in New York after pleading not guilty to charges of giving insider trading tips, according to reports. The 86-year-old, who faces 16 counts of securities fraud and three counts of conspiracy, appeared at an arraignment hearing at Manhattan Federal Court on Wednesday. After entering a not guilty plea Lewis was released on a bail of 300 million US dollars (£230m), reportedly secured by a yacht and private aircraft equivalent to that amount. Lewis, and two of his pilots who are also facing charges, must remain in the United States. Prosecutors say Lewis, who was arrested on Wednesday morning, 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’ legal counsel David Zornow, from the Skadden, Arps, Slate, Meagher & Flom firm, said: “The government has made an egregious error in judgment in charging Mr Lewis, an 86-year-old man of impeccable integrity and prodigious accomplishment. “Mr Lewis has come to the US voluntarily to answer these ill-conceived charges, and we will defend him vigorously in court.” Each of the first 13 counts of securities fraud carries a maximum sentence of 20 years in prison, Manhattan prosecutors said in a statement issued on Wednesday. The US Attorney for the Southern District of New York, Damian Williams, announced on Tuesday that Lewis had been indicted over a “brazen insider trading scheme”. Prosecutors said Lewis, by virtue of his investments in certain companies, received material and non-public information about these companies. A release from prosecutors on Wednesday alleged Lewis had “misused and misappropriated this confidential information to provide stock tips to various individuals in his life, including his employees, romantic partners, and friends, as a way to provide them with compensation and gifts”. It added: “These individuals, in turn, traded on the tips provided by Lewis for vast personal gain.” Lewis bought a controlling stake in Spurs in 2001 for £22million. He officially ceded control of the club last year, with Bahamian lawyer Bryan A Glinton replacing him as a director according to Companies House. His stake in the club – which he held through the ENIC Group alongside Daniel Levy – was formally handed to a family trust last year. Family members of Lewis remain beneficiaries of the trust. PA understands the Premier League does not consider Lewis as a person with control at Tottenham, and is therefore not subject to its owners’ and directors’ test. A Tottenham spokesperson said: “This is a legal matter unconnected with the club and as such we have no comment.” US prosecutors said Lewis is also alleged to have falsely disclosed the extent of his ownership shares in a pharmaceutical company, Mirati, “through an elaborate array of shell companies and other entities, including an offshore trust purportedly for the benefit of his granddaughter”. As a result of this alleged false disclosure, prosecutors said he was able to exercise warrants in Mirati that he would otherwise not have been able to exercise, “at vast financial gain”. Also charged were Patrick O’Connor and Bryan Waugh, two pilots employed by Lewis to fly his private aircraft. In one instance, it is alleged Lewis loaned each of them 500,000 US dollars (more than £387,000) to buy shares in a company before it publicly announced favourable information about some clinical results. This type of behaviour - blatant disregard for the law - is not only illegal but undermines the integrity of our financial markets. Christie M Curtis, FBI Federal Bureau of Investigation (FBI) acting assistant director in charge Christie M Curtis said: “As alleged, Mr Lewis treated material, non-public information at his disposal as though it was something he could give his friends and associates for their benefit. “This type of behaviour – blatant disregard for the law – is not only illegal but undermines the integrity of our financial markets. “The FBI is determined to ensure that anyone willing to perpetrate insider trading schemes is held accountable in the United States criminal justice system.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Kylian Mbappe reportedly turns down chance to discuss move to Al Hilal Sussex head coach Paul Farbrace says Jofra Archer is ‘on course’ for World Cup Tom Latham and Will Jacks both make 99 as Surrey build lead over Somerset
2023-07-27 04:57
Dwayne 'The Rock' Johnson asks museum to fix his waxwork's skin color
US actor Dwayne "The Rock" Johnson has joined the chorus of mockery after a Paris museum unveiled a botched waxwork of him, suggesting its skin color -- among...
2023-10-24 02:17
Manchester City fans group urges FA to change Community Shield kick-off to 3pm
A Manchester City fans group has accused the Football Association of “doing the bare minimum” in amending the Community Shield kick-off time and called for a further change. The 1894 group urged supporters to boycott the treble winners’ season-opener against Arsenal at Wembley on August 6 after it was originally scheduled for 5.30pm on Sunday, August 6. After this and other complaints, the FA, in conjunction with broadcaster ITV, moved the game to 4pm. This has not gone far enough for some fans and, while they are no longer expecting a “full boycott”, 1894 still feels the kick-off should be brought forward again by another hour. A statement from the group, issued via the Football Supporters’ Association, read: “We repeat our request to the FA and to ITV to help more fans attend the game by bringing the kick-off time to 3pm. “In the eyes of many fans, the very quick decision to move the game from 5.30pm to 4pm and hastily-arranged PR releases from the FA came across as them doing the bare minimum and expecting a round of applause for the decision. “The subsequent statement from the FA said 4pm was agreed after consultation with the police, the local council and the broadcaster (ITV). However, the most important stakeholder was not consulted… the fans!” Travel arrangements for Wembley fixtures have been a recurring source of frustration for north west teams in recent seasons. Late kick-offs leave supporters travelling by rail limited time to get back to stations before the final trains north and there are general concerns about arriving home late at night and the high costs involved. These issues have been exacerbated for some high-profile fixtures by rail strikes and engineering works. The 1894 statement added: “We feel 3pm is a fair request to the authorities to allow more people to travel back at a sensible time. “To expect 30,000 fans to travel back north late on a Sunday evening is unfair. Wembley is a great, iconic venue but there are challenges getting to and from there, so we call on ITV and the FA to help our fans in particular by offering an earlier kick-off which allows families to attend.” The group is still encouraging fans not to attend the game and support local foodbanks instead. It has organised a screening of the match at the Band on the Wall venue in Manchester city centre and proceeds will be donated to such causes. “Fans can make a difference – even if a full boycott is not expected at this stage,” the statement added. “It’s hard to sacrifice watching your own team play. However, some fans are seeing it is an opportunity to make a statement. “It’s not the FA Cup final, it’s not the Champions League final. It is a game in the scheme of things where fans, if they are not valued, can choose to walk away from attending.” The FA has been approached for comment. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Joe Root: England can leave a legacy by taking different approach to Australia Roger Federer welcomed back to Centre Court for first time since his retirement Spurs in talks to sign Wolfsburg centre-back Micky van de Ven
2023-07-04 21:48
'Sound of Freedom' is a box office hit. It has an unusual ticket strategy
"Sound of Freedom," a movie about a US federal agent who quit his job to chase child sex traffickers, has become what is, by the numbers, a summer blockbuster, taking in around $125 million in theaters since its debut. But it's relying on an unusual strategy to boost ticket sales.
2023-07-25 23:23
Australian media rues 'cruellest' World Cup exit for the Wallabies
Australian media rued their side's "cruellest" exit from the Rugby World Cup on Sunday after Fiji squeezed past the Wallabies to reach the quarter-finals, despite...
2023-10-09 07:46
'A week of misery': Hayley Williams shares health update following Paramore cancellations
Hayley Williams has shared an update on her health after Paramore cancelled shows due to illness
2023-07-30 15:18
'Family Feud' celebrates Independence Day by recalling contestant’s major blunder that left Steve Harvey stunned
Steve Harvey asked, 'Based on its size, if your bottom was a planet, which one would it be?' and fans are not happy with the contestant's answer
2023-07-07 13:51
White House says Russia is executing its own soldiers for not following orders
The White House says that Russia is executing soldiers who have failed to follow orders and threatening entire units with death if they retreat from Ukrainian artillery fire
2023-10-27 04:55
Ameresco Named Finalists for the 2023 S&P Global Commodity Insights Global Energy Awards
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Oct 18, 2023--
2023-10-18 19:59
You Might Like...
Kane scores four goals in Spurs' friendly win amid Bayern talk
Hayley Atwell dismisses claims of romance with Tom Cruise while filming 'Mission: Impossible 7', says 'it feels a little dirty'
Potential Karim Benzema replacements at Real Madrid - ranked
'Ridiculous and nonsense': Jada Pinkett Smith threatens legal action over Will Smith’s gay affair claim
Cayman Islands regulator explores legal options after Silicon Valley Bank deposit seizure - WSJ
Made in Ukraine: Kyiv's burgeoning weapons industry is enabling it to project power far beyond the front lines
Top House progressive says Democratic leaders should be concerned about debt deal support
Firefighters battle to stop Tenerife’s worst wildfires in decades
