Google Engineer Accused of Insider Trading
May 28, 2026 at 04:25
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✦ AI Summary
- Google employee allegedly leveraged insider knowledge
- Profits from trades on Polymarket totaled $1.2 million
- Investigation led by the Justice Department and CFTC
The U.S. Justice Department and the Commodity Futures Trading Commission (CFTC) have charged Michele Spagnuolo, a Google software engineer, with insider trading. It is alleged that Spagnuolo made a substantial profit of $1.2 million by trading on Polymarket, a prediction market platform, using confidential, non-public information gained through his employment at Google. This case highlights the increasing scrutiny of tech employees and their access to sensitive information that may influence financial markets.
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