Loudon's wife was formerly a BP merger and acquisitions manager but was fired after the company learned of the insider trading.

KEY POINTS

  • Tyler Loudon, 41, pleaded guilty to insider trading charges, claiming that he profited $1.76 million based on nonpublic knowledge of BP’s acquisition of TravelCenters of America.
  • Loudon, the husband of a former BP merger and acquisitions manager, learned of the acquisition in 2022 after secretly eavesdropping on his wife’s work calls.
  • Loudon has been ordered to surrender his $1.76 million of illegal profits and pay a separate fine of the same amount.
    • frickineh@lemmy.world
      481·
      10 months ago

      I mean, she reported him and then divorced him, so it doesn’t sound like she was on board.

      • meco03211@lemmy.world
        81·
        10 months ago

        Could be trying to separate assets? Though I’m pretty sure wherever the assets were at the time of the crime is what matters, some people be stupid.