financecrime1.37 min read
"Millions Made: Insider Trading Through Eavesdropping on Spouse's Calls"
2 years ago•Source: WGHP FOX8 Greensboro
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1.5 min•2 years ago
"Man Pleads Guilty to Insider Trading by Eavesdropping on Wife's Work Conversations"
A Houston man, Tyler Loudon, pleaded guilty to securities fraud after making $1.7 million in profits from trading stocks based on information overheard from his wife's business conversations while they were both working from home. His wife, a mergers and acquisition manager at BP, was unaware of his activity. Loudon faces up to five years in federal prison and a possible fine of up to $250,000, and may also owe a fine in addition to other penalties to resolve a separate civil case brought by the SEC.
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