The REAL cost of working from home! Texas husband eavesdropped on high-flying ... trends now

The REAL cost of working from home! Texas husband eavesdropped on high-flying ... trends now
The REAL cost of working from home! Texas husband eavesdropped on high-flying ... trends now

The REAL cost of working from home! Texas husband eavesdropped on high-flying ... trends now

Tyler Loudon made $1.76 million in illegal profits after listening in to his BP executive wife's phone calls and has been charged with insider trading  When Loudon's wife, Emily Kraus, discovered his betrayal, she informed her bosses at BP who found she had not acted improperly but fired her anyway Loudon, whose wife later filed for divorce, accepted the charges and has agreed to give up the money he made as well as pay a fine 

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A Texas man who made $1.76 million in illegal profits after eavesdropping on his BP executive wife's phone calls has been charged with insider trading. 

Tyler Loudon overheard his wife, Emily Kraus, a mergers and acquisitions manager at BP, conducting internal discussions about the oil conglomerate's planned takeover of TravelCenters of America while she was working from home. 

Loudon, who was an energy engineer, proceeded to purchase 46,450 shares of TravelCenters stock, without his wife's knowledge, before the deal was made public in February last year.

When BP announced it was buying TravelCenters of America at a 74 percent premium Loudon immediately sold all of his shares, making a $1.76 million profit, the Securities and Exchange Commission said on Thursday. 

When Kraus discovered his betrayal, she informed her bosses at BP who found she had not acted improperly but fired her anyway. She later filed for divorce.  

Tyler Loudon (right) made $1.76 million in illegal profits after eavesdropping on his BP executive wife's (left) phone calls

Tyler Loudon (right) made $1.76 million in illegal profits after

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