Houston man pleads guilty to insider trading scheme after eavesdropping on wife's business conversations

A Houston man, Tyler Loudon, made over $1.7 million in an insider trading scheme by eavesdropping on his wife's work conversations while they were both working from home. He pleaded guilty to securities fraud and faces up to five years in prison, pending sentencing in May.

Insider Trading Scheme

Loudon's illicit activities involved listening in on his wife's confidential work discussions to gain insider information, which he then used to make lucrative trades in the stock market.