Husband illegally profits $1.8 million from wife’s M&A deal

Tyler Loudon, a Houston resident, has pleaded guilty to insider trading. He made $1.8 million in illegal profits from the purchase and sale of stock market shares.



Loudon’s wife was an associate manager in M&A working for BP. While working from home in December 2022, Loudon learned that BP was negotiating a deal to buy TravelCenters of America, a US publicly-traded company. Loudon purchased a series of options for TravelCenters in December, January and February, without telling his wife.

BP announced the $1.3 billion deal in mid-February 2023. Loudon promptly exercised the options, netting a profit of $1,763,522.

Loudon finally confessed to his wife in April 2023. She immediately notified BP what had happened.

As part of the plea agreement, Loudon has agreed to forfeit the profits. At his sentencing hearing, scheduled for May 17, he faces up to five years in prison and a possible maximum $250,000 fine.

Loudon’s wife no longer works for BP. She joined another Houston-area company in 2023.

https://www.justice.gov/usao-sdtx/pr/insider-trading-husband-illegally-profits-17m-after-using-wifes-private-company

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