"Millions Made: Insider Trading Through Eavesdropping on Spouse's Calls"
Tyler Loudon of Houston pleaded guilty to securities fraud after making $1.7 million in profits by trading stocks based on information overheard from his wife's business calls while they were both working from home. His wife, an M&A manager at BP, unknowingly provided details about BP's plan to acquire a truck stop company, which Loudon used to buy shares before the merger was announced, resulting in a significant gain. He faces up to five years in federal prison and a possible fine, along with penalties from a separate civil case brought by the SEC.
