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Currently, felons convicted of illegally possessing firearms in Minnesota face mandatory minimum five-year prison sentences, but that could change in the near future.
Tyler Loudon, 42, faces up to five years in federal prison and a potential fine up to $250,000 after pleading guilty to federal securities fraud.
The Texas man's wife worked from home as a mergers and acquisitions manager for BP.
A Texas man allegedly made $1.76 million from insider trading by eavesdropping on several of his wife’s work-from-home calls about a merger, according to the Securities and Exchange Commission.
Tyler Loudon, 42, pleaded guilty to securities fraud in Houston federal court and has agreed to hand over the $1.7 million in ill-gotten gains he raked in.