"Texas Man's $1.7m Illegal Trading on Wife's WFH Calls"

A Texas man, Tyler Loudon, made $1.7 million through illegal insider trading by eavesdropping on his wife's WFH calls as a mergers and acquisitions manager at BP, where she discussed the company's plans to acquire TravelCenters of America. He purchased 46,000 shares of the company and profited almost $2 million after the takeover was announced. His wife was unaware of his actions, and despite BP finding no evidence of her involvement, she was put on administrative leave and later fired. Loudon faces up to five years in prison and a fine of up to $250,000.