"Texas Man Guilty of Insider Trading $1.8M by Eavesdropping on Wife's Work Calls"
TL;DR Summary
The husband of a former BP manager has pleaded guilty to securities fraud for insider trading, earning $1.76 million by eavesdropping on his wife's work calls regarding BP's potential acquisition of TravelCenters of America. He faces a maximum sentence of five years in prison and a $250,000 fine, and has agreed to forfeit the illegal profits. The SEC also filed a civil complaint against him, which he did not contest. The couple's close proximity while working remotely allowed him to overhear confidential information, leading to the illicit trades.
- BP exec's husband guilty of insider trading $1.8 million, snooped on her calls CNBC
- Man made $1.7M in illegal profits after overhearing wife’s work calls The Washington Post
- Man Pleads Guilty to Insider Trading After Overhearing Wife's Work Calls The New York Times
- Texas man guilty of making $1.8M after eavesdropping on his wife's work calls as they worked from home Yahoo Finance
- Husband Accused of Making $1.8 Million from Insider Trading by Eavesdropping on Wife's Work Calls PEOPLE
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