MILAN – Listening to your wife's phone calls is never advisable and can even become a major problem. He knows it well Tyler LoudonHusband of a former employee of British petroleumthe one after that after hearing from his wife who was working remotelytalk about a impending takeover from truck filling stations Travel centers of America, now the time has come If you are investigated for insider trading, you could face five years in prison and a fine of $250 million. Not only was the man in trouble with the law, he was also abandoned by his wife, who filed for divorce after she was fired, even though the SEC's investigation did not prove her involvement in her husband's illegal activities.
The verdict is expected in May
It seems like a movie, but it is a true story about everything that can happen in the heart of the American Wild West. Tyler Loudon, 42, pleaded guilty in court Federal Courthouse in Houston, Texasand gave up $1.76 million in illegal proceeds. Sentencing is expected May 17 before District Judge Sim Lake and in Loudon, according to Portal The court faces up to five years in prison and a $250,000 fine. In addition, the man has already pfined heavilyrelated to the insider trading story with the agency that oversees US marketsthe Securities and Exchange Commission (SEC).
The SEC releases the wife
The SEC's investigations reconstructed this over the course of a month and a half, Loudon said 46,450 TravelCenters shares collected, without his wife, who worked remotely for BP, knowing. The price of TravelCenters shares it rose 71% after the announcement the $1.3 billion acquisition that BP announced on February 16th. After the announcement, Loudon He quickly sold his parcel and made a capital gain of 1.76 million. According to the SEC, Loudon astonished his wife when he confessed that he bought the shares to make enough money so she could work less. The woman then reported her husband to the relevant authorities, thereby alerting the oil giant to the incident. The SEC stated that the After the investigation was uncovered, BP placed Loudon's wife on leave and subsequently fired her. although she found no evidence that she knowingly disclosed the takeover or knew about her husband's insider trading. Ludon's wifeshe immediately moved out of the house she shared with her husband and Last June he began divorce proceedings.