Eric Watson charged with insider buying and selling in US

Eric Watson.

2021-07-10 06:32:41

The convicted felony and former New Zealand rich-lister, Eric Watson, and two others have been charged with insider buying and selling in the USA.

Eric Watson.

Eric Watson.
Photograph: PHOTOSPORT

The US Securities and Alternate Fee says Eric Watson was a controlling shareholder of Lengthy Island Iced Tea Corp in late 2017.

It alleges he tipped off a dealer in regards to the firm altering from a tender drink vendor to blockchain expertise.

It claims the dealer handed on the knowledge to a good friend who made hundreds of {dollars} when the corporate’s share worth surged 180 p.c.

Watson spent 4 months in a London jail after being convicted of contempt of court docket final yr, in a case introduced by former enterprise accomplice Sir Owen Glenn.

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