Sockspurs
Vital 1st Team Regular
Maybe you should have been Uncle Joe's sidepiece
Joe Lewis charged
- Thread starter Sockspurs
- Start date
Pompey Yid
Vital Champions League
Who needs to be a Billionaire to get "Eye Candy"? I'm not and I did lol!
Spursex
Alert Team
Seems his day in court has been put off until January.
It's also emerged he is paying the legal fees of the two pilots who were also charged with him on breaking insider trading.
Not that this means much, but an old friend who used to work for me and is now a successful attorney in the US thought that even if proved guilty, that it's likely only ever going to a question of how big the fine(s) will be: this covers it:
www.law.cornell.edu
So, if that's the outcome and it isn't dismissed when the actual facts come out, I can't see old Joe or his family losing too much sleep over it all, but may in fact lose some money, but nothing close to persuading him or the family to selling any shares in ENIC..in the short term.
It's also emerged he is paying the legal fees of the two pilots who were also charged with him on breaking insider trading.
Not that this means much, but an old friend who used to work for me and is now a successful attorney in the US thought that even if proved guilty, that it's likely only ever going to a question of how big the fine(s) will be: this covers it:
15 U.S. Code § 78u–1 - Civil penalties for insider trading
So, if that's the outcome and it isn't dismissed when the actual facts come out, I can't see old Joe or his family losing too much sleep over it all, but may in fact lose some money, but nothing close to persuading him or the family to selling any shares in ENIC..in the short term.
D
Departed
Guest
Seems his day in court has been put off until January.
It's also emerged he is paying the legal fees of the two pilots who were also charged with him on breaking insider trading.
Not that this means much, but an old friend who used to work for me and is now a successful attorney in the US thought that even if proved guilty, that it's likely only ever going to a question of how big the fine(s) will be: this covers it:
15 U.S. Code § 78u–1 - Civil penalties for insider trading
So, if that's the outcome and it isn't dismissed when the actual facts come out, I can't see old Joe or his family losing too much sleep over it all, but may in fact lose some money, but nothing close to persuading him or the family to selling any shares in ENIC..in the short term.
Exactly, a fart in a windstorm.
Spursex
Alert Team
He's pleaded guilty..
Billionaire Joe Lewis pleads guilty to insider trading
One of the UK's richest people admitted his role in a scheme which "netted millions".
www.bbc.co.uk
Spursex
Alert Team
Gary's post, copied here:
"Uncle Joe has pleaded guilty to insider trading.
What to do with an 86-year-old? Normally, in America, it would carry a hefty prison sentence but that would be the death knell for a man of his age.
He's worth an estimated £5bn. He doesn't need the money himself and he could have just given the money to his contacts who benefited from his insider knowledge."
"Uncle Joe has pleaded guilty to insider trading.
What to do with an 86-year-old? Normally, in America, it would carry a hefty prison sentence but that would be the death knell for a man of his age.
He's worth an estimated £5bn. He doesn't need the money himself and he could have just given the money to his contacts who benefited from his insider knowledge."
You don’t think he has had conversations with the legal teams and come up with some sort of plea bargaining , do you ?
That sort of thing would never happen in America would it …. The land of elected representatives and politicians, where money walks and talks .
Where even Sheriffs and Judges are elected and look after their benefactors .
That sort of thing would never happen in America would it …. The land of elected representatives and politicians, where money walks and talks .
Where even Sheriffs and Judges are elected and look after their benefactors .
Gary Onedaysoon
*Prediction Champion 20/21 & 21/22*
muttley
Alert Team
Well, the optics for all the other fans realising he relinquished control might be
Gary Onedaysoon
*Prediction Champion 20/21 & 21/22*
There is a certain irony here though, isn't there? The approach he took to business and the approach he took to running a football club.Well, the optics for all the other fans realising he relinquished control might be
freundorfoe
Vital 1st Team Regular
I think his crimes (that we're aware of) are definitely in no way comparable to some of the heinous stuff that the Saudi regime have done... however some of our fans were perhaps a bit deluded to think our billionaire former owner was squeaky clean, and took too much pride in our ownership being morally superior. TBH giving some staff tips on how to make money off your business dealings pales in comparison to some of what he's been up to with land in Patagonia.
Spursex
Alert Team
He has been a desperate silly old man, this all started with him bragging to his 3- years younger girlfriend and went down hill from there, like many men before him his dick got ahead of him, and then she was going full 'Hell hath no fury like a woman scorned'...
Silly silly old man.
But, we have no need to hang our heads low because of what he did in his private life when his brains were in his dick..during his ownership, he kept his hand off, didin't interfere in the running of the business and back Levy to build it from the ground up and from generating its own resources; he didn't cheat, break the rules on recruitment or financing, he wasn't (as far as I'm aware) a mass murderer or thief (well until now of course). He didn't nick his riches, he built his business from the ground up. As some I can easily point to, but better not here.
So, he did build his business the hard way, it's a shame he's now sullied his reputation like this, it was crass and stupid, and all because he was bragging to his bedmate....but as I said, a desperate sad old man who has let his dick rule his brain..and of course we never ever claimed that Billionaires aren't greedy, but we all hoped he was morally bound in what he did, and he was for most of his career, until now..
We have nothing to be ashamed of. Apart from his son and daughter now owning us, we have nothing to do with him.
Gary Onedaysoon
*Prediction Champion 20/21 & 21/22*
What an odd way for a billionaire to impress his girlfriend.
What an odd girlfriend that is impressed by her billionaire boyfriend's insider trading.
Spursex
Alert Team
He first gave her a 'tip' showing off in front of his staff...it all snowballed from there...feck knows what was in his head, but she was younger, sexy and apparently desperate for money...
