Charges: Tottenham Hotspur proprietor Joe Lewis, 87, was arrested final yr
The non-public pilot of billionaire former Tottenham Hotspur proprietor Joe Lewis faces a possible jail time period after pleading responsible to insider buying and selling within the US.
Patrick O’Connor, 67, admitted two fraud prices throughout a court docket look in New York yesterday.
Lewis pleaded responsible to a single offence final month.
Lewis, 87, was arrested final yr over allegations that between 2013 and 2021 he handed insider info to his contacts – which included his pilots in addition to a former girlfriend – abusing his entry to company boardrooms.
US lawyer Damian Williams mentioned: ‘Patrick O’Connor was within the orbit of Lewis’s high-flying way of life and a legal beneficiary of private info supplied by Lewis.
‘O’Connor accepted and criminally traded on what he knew to be inside info from his well-connected boss, for his personal private acquire.’
O’Connor admitted one rely of conspiracy to commit securities fraud, which carries a sentence of as much as 5 years, and a second of securities fraud, which carries a most 20-year time period. He is because of be sentenced in May.