A Google security engineer was charged after allegedly using confidential “Year in Search” data to profit more than $1.2 million by betting on Polymarket under the alias AlphaRaccoon. Prosecutors and the CFTC say he misused internal Google information, moved the proceeds through crypto services, and now faces criminal and civil penalties. #MicheleSpagnuolo #Google #Polymarket #CFTC #AlphaRaccoon
Keypoints
- Google engineer Michele Spagnuolo was charged with insider trading.
- He allegedly used confidential Year in Search data to place Polymarket bets.
- The bets were made through an account linked to the alias AlphaRaccoon.
- Authorities say he won about $1.2 million in USDC.e.
- The CFTC filed a civil complaint seeking restitution and trading bans.