Tottenham Hotspur owner Joe Lewis posts $300M bond with help of superyacht, private plane in insider trading case

That’s a boatload of money.

British Billionaire and Tottenham Hotspur soccer club owner Joe Lewis is putting up his superyacht and private plane to secure a $300 million bond so he can walk free after he was arrested on insider trading charges.

Lewis, 86, surrendered to federal authorities in New York on Wednesday morning on charges he gave inside information to a slew of people in his life — including romantic partners, friends, personal assistants and even private pilots — who made millions by using his tips on the stock market.

Lewis later appeared in Manhattan federal court wearing a grey suit, white shirt and black tie and told the judge he pleaded “not guilty.”

He was released on a $300 million bond that will be secured by his yacht, called “AVIVA,” and his personal plane.

AVIVA is a $250 million superyacht that was built in 2017 and is one of the largest yachts in the world at 322 feet in length, according to Yachtbible.com.


Joe Lewis.
British billionaire Joe Lewis was released from court by putting up his yacht to back his $300 million bond.
AP

Joe Lewis clapping in the stadium.
Lewis is accused of insider information to his romantic interests, his personal pilots and others so they could make moves on the stock market.
Reuters

Lewis must keep the FBI abreast of the movements of his yacht, and he is only allowed to use his plane to travel to court appearances, according to the agreed-upon bail conditions.

The soccer club owner — who is worth $6.1 billion, according to Forbes — cannot go abroad and his US travel is limited to parts of New York and Florida.

Lewis, who founded the investment firm Tavistock Group, was hit with a 19-count indictment on charges of securities fraud and conspiracy.


Aviva yacht.
Joe Lewis put his yacht Aviva up to back his bond.
Getty Images

Aviva yacht.
The yacht is worth $250 million and is one of the biggest in the world.
Getty Images

Tottenham Hotspur soccer club Joe Lewis (pictured) leaves federal court after his arraignment
Lewis leaves federal court after his arraignment on Wednesday.
Gregory P. Mango

The feds say that from 2019 through 2021 Lewis shared confidential intel about companies including Mirati Therapeutics, Solid Biosciences and Australian Agricultural Co.

He also allegedly conspired to defraud Mirati, the US Securities and Exchange Commission and investors from 2013 through 2018 by hiding his over 20% stake in Mirati — a cancer therapy company, according to the indictment.

The billionaire then lent his own money so that people could invest the cash based on his tips — including in October 2019 when Lewis wired $1 million to two pilots so they could buy shares of Mirati, prosecutors claim.


Tottenham Hotspurs.
Lewis owns Tottenham soccer club the Hotspurs.
AFP via Getty Images

“Boss lent Marty and I $500,000 each for this,” the indictment alleges one of the pilots said in a text to a friend.

The aviator went on to say, “the Boss has inside info” because “otherwise why would he make us invest,” the court papers allege.

The two pilots paid the money back after the stock spiked by 16.7% when Mirati announced a successful clinical trial, prosecutors claim.

“The government has made an egregious error in judgment in charging Mr. Lewis, an 86-year-old man of impeccable integrity and prodigious accomplishment,” defense attorney David Zornow said in a statement Wednesday.

“Mr. Lewis has come to the US voluntarily to answer these ill-conceived charges, and we will defend him vigorously in court.”

The pilots, Patrick O’Connor and Bryan Waugh, were also charged in the case. They pleaded not guilty at the Wednesday arraignment and were each released on a $250,000 bond.

Attorneys for Waugh didn’t return requests for comment Wednesday. O’Connor’s lawyers declined to comment.

Lewis is due back in court on Sept. 5.