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Tyler Loudon, a Houston resident, has been charged with insider trading for using non-public information obtained from his wife, a BP manager, about the company's planned merger with TravelCenters of America. Loudon made almost $2 million by trading on his wife's conversations with her colleagues. He pleaded guilty and agreed to forfeit $1.7 million he made through insider trading. Loudon's actions led to his wife's dismissal from BP and their subsequent divorce.
A man made $1.7 million in profits after buying and selling stocks in a company that his wife’s employer, BP, acquired, prosecutors said. https://t.co/dFxPmJqYDA
This guy listened in on his wife's work calls and made a $1.8M profit insider trading what he heard. When caught, his excuse was literally, "I only did this so you wouldn't have to work long hours anymore." 🤣 She got fired and they got divorced. Brutal. https://t.co/RuX4mrj3yq
Texas man eavesdropping on wife’s phone calls faces criminal charges — and divorce — after US$1.76 million insider trading plot https://t.co/rFoBE0SM9t
