Taylor Loudon, a man living in Texas, USA, who was living a happy life, was given a piece of news by a man, which eventually led to the death of him and his wife.
According to a report on February 24, the 42-year-old Loudon received US$1.76 million (13 million yuan) in a ** sale in February.
This may sound like good news, but his wife, Emily Krauss, discovers that the money is illegal and not a legitimate way to do so.
While working from home, Krauss, BP's head of mergers, held an internal consultation on a proposal to buy the American Travel Center (TA), a supplier of fuel for American trucks. The project is thought to cost $1.3 billion.
In addition, the company is the largest supplier of truck fuel to the United States, with gas stations on 281 highways in 44 countries, as well as car repair, restaurants, travel shops, and parking lots.
Klaus couldn't have imagined that what he said was heard by his husband Loudoun, and Loudoun, who had been "eavesdropped" many times, actually used this information to buy 46,450 shares of TA Company.
After BP announced a whopping 74% of the deals, Loudoun quickly sold his holdings and made a big profit.
When Klaus found out what his husband had done, he immediately reported it to the CEO of BP. Although executives believe that she has done nothing wrong and has no intention of revealing the merger or understanding of her husband's deal. However, even so, the company still treated the reward four as "administrative leave" and it didn't take long to fire them.
It didn't take long for the unemployed Klaus and her husband Loudon to also go through the divorce procedures and move out of the old house.
Without his wife, Loudoun can't live carefree. According to the SEC's ruling on February 22, in addition to the civil law penalties imposed on him, the $1.76 million he owes must be returned.
Moreover, Loudoun will face criminal prosecution and will return to court in May, where he could be sentenced to five years in prison and fined $250,000 if found guilty.
In his investigation, Loughon admitted that he did this because he wanted to earn more money so that his wife could work less.
It's a nice thing to say, but when he did this, he not only violated the rules, but also killed Klaus, which shows that she has also put a lot of effort into this, even if she is tired, she has to hold on.
There have been reports that the SEC has filed a number of cases of insider trading, which are conducted on a family basis, as a result of family members or couples overhearing confidential information while working from home.