Posted 2/24/2024, 5:11:00 PM
Texas Man Profits $1.76 Million From Insider Trading on Wife's Company
- Texas man made $1.76 million in illegal profits by eavesdropping on wife's work calls as they worked from home
- Heard wife, a BP executive, discuss plans for BP to acquire TravelCenters of America
- Bought $1.8M worth of TravelCenters stock based on overheard info before deal announced
- Stock price rose 71% after deal, he sold all shares at big profit
- SEC charged him with insider trading; wife lost job, moved out, filed for divorce