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.
  • Suspiciousbrowsing
    14•1 year ago

    You would presume that the partner of a BP exec would have sufficient household income. Apparently not…

    • rem26_art
      11•1 year ago

      “Honey, our third yacht ain’t gonna pay for itself!”