Find Your Daily Voice
55°
NY Personal Pilot To Billionaire Investor Admits Role In Insider Trading Scheme
A private pilot from New York has admitted to taking part in an insider trading scheme involving his billionaire boss.
Albany County resident Patrick O’Connor, age 67, of Preston-Potter Hollow, pleaded guilty to securities fraud in Albany federal court on Monday, Feb. 26.
O’Connor worked as a personal pilot to billionaire Joseph Lewis, a British businessman and investor who is the principal owner of the Tavistock Group, an international private investment organization.
According to prosecutors, Lewis, age 87, was regularly given material, non-public information about various companies for …