"Texas Man Accused of Making $1.8M from Insider Trading by Eavesdropping on Wife's Work Calls"

A Texas man allegedly made $1.76 million from insider trading by eavesdropping on his wife's work calls about a merger, leading to criminal charges and a guilty plea for securities fraud. Tyler Loudon overheard his wife discussing BP's acquisition of TravelCenters of America Inc. and bought stocks ahead of the announcement, resulting in a substantial profit. The Securities and Exchange Commission filed a complaint against him for violating securities laws, and he faces up to five years in federal prison and a $250,000 fine.