Google engineer charged with using confidential search data to make $1.2M on Polymarket bets
By
Chloe Atkins
Toasted to a respectable shade. No regrets, no crumbs left.
Summary
A Google software engineer, Michele Spagnulo, has been charged with commodities fraud, wire fraud, and money laundering for allegedly using confidential Google search data to place over $1.2 million in bets on the prediction market platform Polymarket between October and December. The case is the second significant criminal prosecution tied to trades on Polymarket.
Key quotes
· 3 pulledMichele Spagnulo, 36, an Italian citizen living in Switzerland, is charged with one count each of commodities fraud, wire fraud and money laundering, according to a federal complaint unsealed in New York City.
Prosecutors accuse Spagnulo of placing a series of bets from October to December based on internal Google search data that tracked user searches.
A Google software engineer was accused Wednesday of using confidential company information to make over $1.2 million on Polymarket in the second significant criminal case tied to trades on the prediction market platform.
You might also wanna read
Google Engineer Charged with Using Insider Data to Win $1M+ in Polymarket Bets on D4vd
A Google engineer, Michele Spagnuolo, allegedly accessed confidential internal data showing that singer D4vd would win Google's "Most Search
Rolling Stone·3d ago
Google Engineer Charged With Insider Trading Over $1.2M Polymarket Bet on Singer d4vd
A Google software engineer has been charged with insider trading after allegedly using confidential company information to make over $1.2 mi
Stereogum·3d ago
OpenAI Terminates Employee for Using Confidential Information on Prediction Markets
OpenAI has terminated an employee for using confidential company information to trade on external prediction markets like Polymarket. The fi
wired.com·3mo ago
U.S. Army Soldier Indicted for Using Classified Information to Bet on Prediction Markets
A U.S. Army soldier, Gannon Ken Van Dyke, has been indicted on charges of using classified government information to profit from prediction
justice.gov·1mo ago