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Texas man made $1.76 million from insider trading by eavesdropping on wife's work calls, Justice Department says
CBSN
A man from Houston overheard his work-from-home spouse talking business, and used that information to make over $1.7 million in an insider trading scheme, federal authorities said.
Tyler Loudon, 42, pleaded guilty Thursday to securities fraud for buying and selling stocks based on details gleaned from his wife's business conversations while both were working from home. He made $1.7 million in profits from the deal, but has agreed to forfeit those gains, the Justice Department announced in a news release.
Things might have turned out differently had Loudon or his wife decided to work from, well, the office.
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