US EditionUS man accused of making $1.8m from listening in on wife’s remote work calls
- A man from Texas profited nearly $2 million by trading his wife's BP Plc conversations, resulting in insider trading charges.
- The husband bought shares of TravelCenters of America Inc. Before BP's acquisition announcement, leading to a $1.76 million profit.
- The man liquidated accounts, confessed to his wife, faced a divorce, and settled with the SEC, giving up profits and paying a fine.
42 Articles
42 Articles
Texas man guilty of making $1.8M after eavesdropping on his wife's work calls as they worked from home
BP logo.SOPA Images/Getty ImagesA Houston man pleaded guilty to insider trading after he made $1.76 million.He listened to his wife's calls about BP's plan to buy TravelCenters of America, as they worked remotely.Tyler Loudon's has wife moved out of their shared home and initiated divorce proceedings.A Houston man has pleaded guilty to insider trading after he made $1.76 million in illegal profits after listening in on his wife's work calls as t…
A man living in Texas is facing legal charges after allegedly using information he heard during his wife's work calls to obtain $1.76 million in the stock market. The Securities and Exchange Commission (SEC) maintains that Tyler Loudon, a Houston resident, benefited from confidential information regarding BP's acquisition of TravelCenters of America. Loudon makes millions by spying on his wife Loudon allegedly used this information to invest in …
An American eavesdropper on his wife's meetings made a million-dollar profit by buying shares in a company she co-purchased. He is now being prosecuted.
Global News
slashdot.orgMan makes $2.3M off insider trading by snooping on wife’s remote work calls - National
The Securities and Exchange Commission accused Tyler Loudon of taking advantage of his wife's work-from-home setup to obtain non-public information and garner illegal profits.
At home office, man comes up with dubious ideas: Tyler Loudon listened to his wife's phone calls, a BP employee, and bought stocks based on them. It paid off - but not for love.
An American fortysomething has earned 1.8 million dollars (about 1.7 million euros) by eavesdropping on his wife working from home. He is now being prosecuted by U.S. authorities for insider trading.
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