Comment Re:Well Shite (Score 1) 107
He made the mistake of committing the crime without the power and position to get away with it.
His wife did the correct thing - had she not reported it, then when it was eventually noticed she'd still have been fired as well having to repay the profits with interest, be facing a potential 20 year stretch in jail, and up to a $5 million fine.
Instead she just dumped her idiot husband and can look for a new job able to point that out to any potential employer who asks. "This is how committed I am to ethical behaviour - my husband became an issue so I divorced him". I'd hire her. Most people would have tried to cover it up and hope to get away with it.
He did nothing wrong. Overhearing information is not insider trading. He didn't go out of his way to obtain information or breach any sort of trusted position. He has doing his thing and overheard it. It is not insider trading.
They are playing the cards perfectly. She knew she would get fired since BP had to do it. Then, she moved out and filed for divorce but it was probably carefully calculated.
It all depends on if he gets to keep the money or not.