Soldier charged with making over $400,000 on Maduro raid bet pleads not guilty
U.S. Army soldier Gannon Ken Van Dyke pleaded not guilty in Manhattan federal court to charges of using classified information for personal gain after allegedly profiting over $400,000 from bets on the successful U.S. raid to capture former Venezuelan leader Nicolas Maduro. Prosecutors say Van Dyke, who participated in Operation Absolute Resolve, placed bets on prediction markets using nonpublic information about the January operation. He was released on a $250,000 bond and is due back in court June 8. The case marks the first insider-trading prosecution involving a prediction market.
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U.S. Army soldier Gannon Ken Van Dyke pleaded not guilty Tuesday afternoon in Manhattan federal court after prosecutors accused him of using classified information tied to the U.S. operation to capture former Venezuelan dictator Nicolas Maduro. Van Dyke, 38, faces charges of unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction after he won more than $400,000 by predicting the raid to capture Maduro.
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