Who Is Tyler Loudon? Wiki, Wife, Age, Net Worth, Family & BIO of BP Manager’s Husband
Tyler Loudon is a Houston-based businessman who recently made headlines for being accused of insider trading by the US Securities and Exchange Commission (SEC).
According to the SEC, Loudon made $1.8 million by trading on confidential information he overheard while his wife, a BP merger and acquisitions manager, was working from home on a deal involving TravelCenters of America, a network of US gas stations.
Loudon allegedly bought more than 46,000 shares in TravelCenters without his wife’s knowledge and sold them after BP announced its acquisition at a 74% premium, making a huge profit.
Loudon later confessed to his wife, who reported him to BP and filed for divorce. He also pleaded guilty to the SEC charges and agreed to forfeit his gains and pay a fine.
Early Life and Education
Tyler Loudon was born in 1981 in Texas. He grew up in a middle-class family and attended public schools. He graduated from the University of Texas at Austin in 2003 with a degree in business administration. He then worked as a financial analyst for several companies, including Wells Fargo and Bank of America.
Tyler Loudon Wiki/Bio
| Name | Tyler Loudon |
|---|---|
| Occupation | Businessman and investor |
| Age | 43 |
| Wife | Emily Kraus (divorced) |
| Crime | Insider trading on BP’s acquisition of TravelCenters of America |
| Profit | $1.8 million |
| Penalty | Forfeiture of gains, fine of $1.76 million, and possible prison sentence |
| Source of information | Overheard his wife’s work calls at home |
| Motive | Wanted to make enough money so that his wife did not have to work long hours |
| Homepage | newsunzip.com |
Career and Business Ventures
Tyler was an ambitious and entrepreneurial person who wanted to make a lot of money. He started his own business in 2010, called Loudon Capital, which offered financial consulting and investment services to clients.
He also invested in various stocks, bonds, and cryptocurrencies, hoping to make a fortune. He claimed to have a knack for spotting undervalued and profitable opportunities in the market.
Marriage and Family
Loudon met his wife, Emily Kraus, in 2012 at a business conference in Houston. Emily Kraus was a manager at BP, one of the world’s largest oil and gas companies, and specialized in mergers and acquisitions.
They fell in love and got married in 2014. They had a lavish wedding ceremony and reception at a luxury hotel and spent their honeymoon in Europe.
They bought a spacious house in a gated community in Houston and lived a comfortable and affluent lifestyle. They did not have any children, but they had two dogs, a golden retriever and a poodle.
Insider Trading Scandal
Loudon’s life took a dramatic turn in 2023, when the Covid-19 pandemic forced many people to work from home. Emily Kraus was one of them, and she set up a home office in their house, where she worked on a confidential deal involving BP’s planned acquisition of TravelCenters of America, a company that operated 281 gas stations across 44 states.
Tyler, who was also working from home, became curious about his wife’s work and started to listen in on her remote calls and meetings. He learned about the deal and the potential price that BP was willing to pay for TravelCenters. He then decided to use this information to his advantage, and bought more than 46,000 shares in TravelCenters, using his personal and retirement accounts. He did this without his wife’s knowledge or consent, and hoped to make a huge profit when the deal was announced.
On February 16, 2023, BP announced that it had agreed to buy TravelCenters for $1.3 billion, or $38.25 per share, which was a 74% premium over the previous closing price. TravelCenters’ stock soared by nearly 71%, and Tyler sold all his shares, making a $1.8 million profit. He thought he had pulled off a perfect trade, but he was wrong. The SEC, which monitors the stock market for any suspicious activity, noticed his trades and launched an investigation.
They traced the source of his information to his wife, who was shocked and devastated when she found out what he had done. She confronted him and he confessed to her, saying that he wanted to make enough money so that she did not have to work long hours anymore.
She did not buy his excuse, and reported him to BP, which fired her despite finding no evidence that she knowingly leaked the information. She also moved out of their house and filed for divorce, ending their marriage.
The SEC charged Tyler Loudon with insider trading, and he pleaded guilty. He agreed to give up his ill-gotten gains and pay a fine of $1.76 million. He also faced criminal charges from the US Department of Justice and could face up to 20 years in prison.
His case was one of several that involved couples working from home and eavesdropping on each other’s work-related conversations. The SEC warned that such behavior was illegal and unethical, and that it would prosecute anyone who engaged in it.
Current Status
Tyler is currently awaiting sentencing for his insider trading crime. He has lost his wife, his job, his reputation, and his money. He has also been sued by several investors who claim that he harmed them by manipulating the market.
Net Worth
His net worth is estimated to be negative, as he owes more than he owns. He has expressed remorse for his actions and said that he regrets betraying his wife and breaking the law. He said that he learned a hard lesson and that he hopes to rebuild his life and redeem himself.
