Texas Man Made $1.76 Million by Eavesdropping on Wife’s Work Calls

A Houston man made 1.76 million dollars because he 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.

As reported by cbsnews.com Tyler Loudon, 42, pleaded guilty to securities fraud for buying and selling stocks based on details that he learned from his wife's business conversations while both were working from home. Loudon’s wife was an associate manager in mergers and acquisitions at an internationally-based oil and gas company. Loudon learned that her company was planning to purchase a travel center operator business.

Unbeknownst to his spouse, Loudon used the non-public information about the expected acquisition to purchase 46,450 shares ahead of the public notice. After the announcement of the merger, Loudon then sold his shares for a massive profit of $1.76 million.  As part of his plea agreement, Loudon agreed to forfeit the $1.7 million in illegal proceeds, according to a press release. 

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Houston Robber Chased Down and Shot After Stealing BBQ Pit

Last week, a Harris County homeowner shot and killed a man after he allegedly stole a BBQ pit from his home early Sunday morning, according to police officials and foxnews.com.  An investigation shows that the man that was shot allegedly attempted to steal the shooter’s BBQ pit from his home. After the homeowner discovered that his BBQ grill was stolen. The homeowner left his home and chased down the suspect in his vehicle.

The man told police he believed the driver of the suspected vehicle was possibly in possession of a weapon. The man tells police that hefeared for his own safety and fired his own gun at the suspect, striking him. The second person in the vehicle was not injured, the sheriff said, and has not been charged with a crime. The investigation is ongoing.  Read the full story by clicking here.