A Google software engineer, Michele Spagnuolo, faces federal charges for insider trading. Prosecutors allege he exploited confidential company data to profit over $1.2 million on the prediction market platform Polymarket. Operating under the alias ‘AlphaRaccoon’, Spagnuolo allegedly bet on Google’s business outcomes using non-public information, compromising market integrity. He is charged with fraud and money laundering. A Google software engineer, Michele Spagnuolo, faces federal charges for insider trading. Prosecutors allege he exploited confidential company data to profit over $1.2 million on the prediction market platform Polymarket. Operating under the alias ‘AlphaRaccoon’, Spagnuolo allegedly bet on Google’s business outcomes using non-public information, compromising market integrity. He is charged with fraud and money laundering.
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