TechFlow News, May 29: According to a Fortune report, U.S. prosecutors this week charged Michele Spagnuolo, a 36-year-old Italian software engineer at Google currently residing in Switzerland, with insider trading. Prosecutors allege that under the online alias “AlphaRaccoon,” Spagnuolo placed bets on the prediction market platform Polymarket using confidential internal Google search trend data—prior to the public release of Google’s “Search Annual 2025” data—and earned over $1.2 million in profits. The FBI identified Spagnuolo by tracing cryptocurrency payments. Google has suspended him and stated that betting using confidential information constitutes a serious violation of company policy. Spagnuolo is charged with violations of the U.S. Commodity Exchange Act, wire fraud, and money laundering, and faces potential imprisonment for multiple years.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
