Posted 2/25/2024, 6:01:03 PM
Husband Profits $1.7 Million in Insider Trading Scheme, Overhearing Wife's Work Calls
- Man pleads guilty to insider trading after overhearing wife's work calls while she worked from home
- Heard wife, a mergers and acquisitions manager at BP, discuss BP's proposed acquisition of TravelCenters of America
- Bought $46,450 worth of TravelCenters stock without wife's knowledge
- Sold all shares after acquisition was announced publicly, profiting $1.7 million
- Admitted making a "terrible mistake in judgment" according to his lawyer