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Commodities Fraud

All articles tagged with #commodities fraud

crime2 months ago•3 min saved

Google Engineer Charged Over Insider Info Used to Win $1.2M on Polymarket

A Google software engineer, Michele Spagnuolo, is accused in a New York criminal complaint of using confidential Google data to place Polymarket bets on 2025 Google search trends, profiting about $1.2 million; prosecutors allege insider trading and other fraud, with a separate CFTC action filed. Google says the data access violated policy and has placed him on leave, while Polymarket cooperates with authorities. The case highlights insider-trading risks in prediction markets and follows other recent enforcement actions.

via Gizmodo|

#cftc #commodities-fraud #crime

business2 months ago•2 min saved

Google Engineer Charged With Insider Trading Over $1.2M Polymarket Bet

A Google software engineer, Michele Spagnulo, allegedly used nonpublic internal Google search data to place bets on Polymarket that earned about $1.2 million, tied to a prediction about d4vd being Google's top-searched person of 2025; he’s charged with commodities fraud, wire fraud, and money laundering and has been placed on leave as the case proceeds.

via Stereogum|

#business #commodities-fraud #google

technology3 months ago•6 min saved

Google Engineer Charged in $1M Polymarket Insider Trading Case

A Google security engineer, Michele Spagnuolo, was arrested in New York and charged with commodities fraud, wire fraud, and money laundering for using confidential Google data to place bets on Polymarket, earning more than $1 million—including a $1.2 million win predicting Google’s most‑searched person of 2025. Prosecutors say trades were made Oct–Dec 2025 with insider information. Google says the employee is on leave and violated policies, while Polymarket cooperated with investigators. The case underscores heightened scrutiny of insider trading on prediction markets.

via WIRED|

#commodities-fraud #google #insider-trading