Joe Lewis Girlfriend Carolyn Carter: Inside Trading Charges

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Allegedly, Carolyn Carter, who was Joe Lewis’s ex-girlfriend, earned a substantial sum of money through insider trading.

Moreover, her billionaire former partner Joe Lewis is said to have facilitated it.

Lewis, the owner of Tottenham, is currently facing charges related to insider trading, and reports suggest that Carolyn Carter also greatly profited from these activities.

Joe Lewis Watches His Club Totenham Hotspur During A Match
Joe Lewis Watches His Club Tottenham Hotspur During A Match (Source: NBC News)

Joe Lewis, a British businessman, is the majority owner of Premier League club Tottenham Hotspur.

He primarily holds assets through the Ravistock Group portfolio and is considered one of the wealthiest individuals globally.

The British tycoon’s estimated net worth is approximately 5.5 billion dollars. At 15, Lewis left school to assist in managing his father’s West End catering business.

He also owns properties in various countries, including the US, UK, and Argentina.

Who Is Joe Lewis Girlfriend? 

Carolyn Carter, the former beauty pageant queen and ex-girlfriend of the British businessman.

Reportedly, she dated him from 2013 to 2020. During their relationship, she received financial assistance from him for her investments.

She allegedly received illegal stock tips from him, resulting in significant gains.

Carolyn Carter Won The Miss Virgin Islands in 2016.
Carolyn Carter Won The Miss Virgin Islands in 2016 (Source: Dailymail)

The businessman, who owns Tottenham, provided Carter with an annual sum of approximately $100,000 and frequent advice on investing it.

These recommendations were often based on insider information from Lewis’s investments.

Investigators claim that Carter used this privileged information within three hours to purchase $700,000 worth of the company’s stock.

The next day, she made a profit of nearly $175,000 from these transactions.

Inside Trading Charges

Federal prosecutors charged Lewis on July 25, 2023, for insider trading.

They accuse the billionaire investor of repeatedly using his influential position to provide insider information to associates, including friends, pilots, and romantic partners.

The day after, on Wednesday, Joe Lewis surrendered himself to face these charges, though he maintains his innocence.

His lawyers argue that the charges result from a significant mistake made by the U.S. government.

However, the evidence suggests that Lewis used insider information, he obtained through his investments in various companies.

Moreover, the U.S. attorney’s office in Manhattan and the Securities and Exchange Commission brought charges that did not permit Lewis to disclose the information.

If the British investor is convicted, he could face charges for 16 counts of securities fraud. Each charge carries a maximum sentence of 20 to 25 years in prison.

Joe Lewis Has Pleaded Not Guilty
Joe Lewis Has Pleaded Not Guilty (Source: Sky Sports)

Additionally, he might face three counts of conspiracy, with a maximum prison sentence of five years per count.

Notably, Lewis was indicted alongside his private pilots, Patrick O’Connor and Bryan “Marty” Waugh.

His pilots allegedly have profited over $545,000 from insider information provided by Lewis in their trades.

Mr. Lewis pleaded not guilty and was given bail for $300 million.

However, the judge in Manhattan imposed certain conditions, including the surrender of his passport and a prohibition from using his superyacht.

Moreover, he supposedly co-owns the superyacht with Tiger Woods and Justin Timberlake. As a result of these restrictions, Mr. Lewis is not permitted to travel abroad.

Samyak Shah
Samyak Shah

Samyak Shah

Samyak Shah is a dynamic writer with a flair for crafting engaging narratives that bring the world of sports to life. His articles offer readers a fresh perspective on the ever-evolving landscape of athletics, blending insightful analysis with captivating storytelling.


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