BP Executive's Husband Guilty of Insider Trading by Eavesdropping on Wife's Calls

1 min read
Source: New York Post
BP Executive's Husband Guilty of Insider Trading by Eavesdropping on Wife's Calls
Photo: New York Post
TL;DR Summary

Tyler Loudon, the husband of a former BP executive, made nearly $1.8 million through insider trading by eavesdropping on his wife's phone calls while they worked remotely, leading to her firing and their divorce. He faces up to five years in federal prison and a possible fine of up to $250,000 after pleading guilty to securities fraud and agreeing to forfeit the illegally obtained money.

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