Google information security engineer charged with using inside information to make $1M on Polymarket
Source: ABC News
Google information security engineer charged with using inside information to make $1M on Polymarket
Michele Spagnuolo allegedly placed bets on what users were searching for.
ByAaron Katersky and Katherine Faulders
May 27, 2026, 4:41 PM
A Google employee fraudulently made more than $1 million by using inside information to place Polymarket bets on what users were searching for on Google, according to a federal criminal complaint unsealed Wednesday in New York.
For Michele Spagnuolo, these were sure bets because, as a Google information security engineer, he had access to company data that tracked user searches, according to the complaint, which said Spagnuolo "misappropriated confidential and valuable nonpublic information from his employer and used that information to place a series of Google-related bets on Polymarket, a prediction market platform."
Spagnuolo, 36, is charged with commodities fraud, wire fraud and money laundering.
"Unlike the counterparties to his trades, Spagnuolo knew the outcome of these wagers before the trading public did because he had accessed Google's confidential, commercially valuable internal data," the complaint said.
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Read more: https://abcnews.com/US/google-employee-charged-inside-information-make-1-million/story?id=133350018
= new reply since forum marked as read
Laughing my ass off.
Try this on for size.
"Today’s charges reinforce a decades-old message: GOVERNMENT insiders cannot use confidential business information to turn a profit in our markets,”
YOU WON'T SEE IT IN THIS ADMINISTRATION.
Fu-king den of thieves.
THE EPSTEIN CLASS.
If you can't rape them, rob them.
EAT THE RICH.
OK, let the Kanamits do it.
Low fat diet, you know.
