A Google employee is charged over alleged secret Search-data bets that netted $1.2M on Polymarket.
Key takeaways
- $1.2 million in alleged Polymarket profits has put a Google employee at the center of a federal fraud case over whether private Search data was used to bea...
- Federal prosecutors charged Michele Spagnuolo with commodities fraud, wire fraud, and money laundering after he allegedly wagered on Google Search-rela...
- > “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, com...
- Spagnuolo was arrested in New York on Wednesday and released on a $2.25 million bond, ABC News reported via The Verge. The complaint is an allegation, not a co...
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Canonical source: https://mlxio.com/trading/google-polymarket-fraud-case
