Tag: insider trading
3 articles
Google Engineer Charged with Insider Trading Using Company Data
A Google engineer, Michele Spagnuolo, has been charged with insider trading in the Southern District of New York for allegedly using company data to make lucrative bets on a cryptocurrency-based prediction market. He faces serious penalties, including up to 10 years in prison for commodities fraud and 20 years for wire fraud and money laundering.
Google Engineer Exploits Confidential Data for $1.2M Betting Gain
A Google engineer allegedly used confidential data to make a staggering $1.2M betting gain, sparking a federal crackdown on insider trading that threatens to undermine market integrity. The US attorney for the Southern District of New York vowed to investigate and prosecute such greed-driven conduct.
Polymarket Bets Reveal Insider Trading Patterns
Big bets on Polymarket are paying off at an alarming rate, with long-shot wagers of $2,500 or more on military and defense actions winning around 52% of the time, sparking concerns of insider trading. This raises serious questions about who has the inside information and how they're using it.