"Husband's Insider Trading Scheme: Eavesdropping on Wife's Work Calls"

1 min read
Source: Fox Business
"Husband's Insider Trading Scheme: Eavesdropping on Wife's Work Calls"
Photo: Fox Business
TL;DR Summary

The husband of a former BP manager has pleaded guilty to securities fraud after profiting from insider trading based on information he overheard from his wife's work calls while she was working remotely. He faces possible prison time and a hefty fine, and his wife, who was not aware of the trades, has since filed for divorce. The SEC has also charged him in a separate civil case, and BP put his wife on administrative leave and then fired her despite finding no evidence of her involvement in the trading.

Share this article

Reading Insights

Total Reads

0

Unique Readers

10

Time Saved

2 min

vs 3 min read

Condensed

82%

51490 words

Want the full story? Read the original article

Read on Fox Business