Damian Williams, U.S. Attorney for the Southern District of New York, speaks during a press conference in New York City, Sept. 22, 2023.
A personal pilot for British billionaire investor Joe Lewis pleaded guilty Monday to securities fraud related to the same insider trading scheme that Lewis admitted guilt in a month ago, federal prosecutors in New York said.
The pilot, Patrick O'Connor, on multiple occasions, received material, nonpublic information about companies from Lewis that O'Connor then used to trade in shares of those firms, prosecutors said.
Lewis is the principal owner of the Tavistock Group, a private investment firm, and controlled one or more board of director seats at companies in which he shared nonpublic information with O'Connor that the pilot then traded on, prosecutors said.
Lewis, through a family trust, formerly controlled a majority ownership stake in the English Premier League soccer team Tottenham Hotspur.
Persons:
Damian Williams, Joe Lewis, Lewis, Patrick O'Connor, O'Connor, Mirati
Organizations:
Attorney, Southern, of, Tavistock Group, English Premier League soccer, Tottenham Hotspur, Mirati Therapeutics, Manhattan U.S, Attorney's
Locations:
U.S, of New York, New York City, New York