Eric Watson. Photo: NZMEConvicted criminal and former New Zealand rich-lister Eric Watson and two others have been charged with insider trading in the United States. The US Securities and Exchange Commission says Watson was a controlling shareholder of Long Island Iced Tea Corp in late 2017. It alleges he tipped-off a broker about the company changing from a soft drink dealer to blockchain technology. Watson spent four months in a London prison after being convicted of contempt of court last year, in a case brought by former business partner Sir Owen Glenn.

Source: Otago Daily Times July 10, 2021 02:03 UTC