A guy overheard his wife talking about her work at BP from home and used that info to make $1.76 million.
He heard her chatting about BP taking over TravelCenters and bought some stocks before it was public knowledge. When the deal went public, he sold them for a huge profit.
Now, he’s in trouble with the US Securities and Exchange Commission. His wife didn’t know about his trading and even reported it when she found out.
But BP still fired her. The husband admitted to what he did and agreed to pay a fine.
It’s a cautionary tale about the risks of working from home, especially when it comes to sensitive information.
Source : BBC
https://www.bbc.com/news/business-68379318