Google worker charged for using internal data to make $1.2m on Polymarket
A Google employee has been charged with insider trading for allegedly using internal data to make $1.2 million in bets on the prediction platform Polymarket. Michele Spagnuolo, who has worked at Google for over 12 years, was arrested after the FBI linked his betting accounts to his identity. Google is cooperating with law enforcement, and Spagnuolo has been placed on leave pending the investigation.
- ▪Michele Spagnuolo was charged with insider trading for using internal Google data to place bets.
- ▪He allegedly made $1.2 million in profits on Polymarket by predicting search trends.
- ▪Spagnuolo has been with Google for over 12 years and was arrested in New York.
Opening excerpt (first ~120 words) tap to expand
Google worker charged for using internal data to make $1.2m on PolymarketJust nowShareSaveAdd as preferred on GoogleKali HaysTechnology reporterEPAGoogle's logoA Google employee has been arrested for alledgedly using his access to company information to successfully place lucrative bets on the prediction platform Polymarket.The US Attorney for the Southern District of New York said it had charged Michele Spagnuolo, a Google engineer, with breaking insider trading laws because of several bets he placed through the platform.Although Spagnuolo is an Italian citizen who lives in Switzerland, he was arrested on Wednesday and brought before a federal judge in New York.Spagnuolo allegedly used information he had early access to through his work at Google, which is based in the US, to make bets…
Excerpt limited to ~120 words for fair-use compliance. The full article is at BBC News — Tech.
Discussion
0 commentsMore from BBC News — Tech
