{"id":920,"date":"2026-05-31T12:07:55","date_gmt":"2026-05-31T12:07:55","guid":{"rendered":"https:\/\/homebuyerrelocation.com\/?p=920"},"modified":"2026-05-31T12:07:55","modified_gmt":"2026-05-31T12:07:55","slug":"google-employee-charged-in-use-of-insider-info-to-make-money-on-polymarket","status":"publish","type":"post","link":"https:\/\/homebuyerrelocation.com\/?p=920","title":{"rendered":"Google employee charged in use of insider info to make money on Polymarket"},"content":{"rendered":"<div>\n<div>\n<div>\n<p>An Italian Google employee is facing federal charges in the U.S. for insider trading, accused of using company information to make money on Polymarket.<\/p>\n<p>Read more <a href=\"https:\/\/homebuyerrelocation.com\/?p=918\">AI helped a musician with Parkinson\u2019s finish his new album when he could no longer play guitar<\/a><\/p>\n<p>The U.S. Attorney\u2019s Office for the Southern District of New York said Wednesday that Michele Spagnuolo, 36, an Italian national living in Switzerland, had access to confidential Google data and used that data to make predictions on Polymarket as the user \u201cAlphaRaccoon.\u201d\u00a0<\/p>\n<p>Between Oct. 15 and Dec. 4, Mr. Spagnuolo placed $2,754,092 in wagers on Polymarket relating to Google\u2019s insider information, federal prosecutors said.<\/p>\n<p>Specifically, Mr. Spagnuolo made wagers on who would be the most searched person on Google for all of 2025 and who would be in the top five most searched people on Google in 2025, the Commodity Futures Trading Commission said in its own release Wednesday.<\/p>\n<p>Mr. Spagnuolo was arrested on Wednesday in New York. He did not enter a plea at his first court hearing and was released on a $2.25 million bond.<\/p>\n<p>Read more <a href=\"https:\/\/homebuyerrelocation.com\/?p=916\">Analysis: Hollywood more likely to cast a man named Chris or talking animal than a woman over 60<\/a><\/p>\n<p>A Google spokesperson said the company was \u201cworking with law enforcement.\u201d<\/p>\n<p>\u201cThe employee accessed our marketing material using a tool available to all employees, but using such confidential information to place bets is a serious breach of our policies. We\u2019ve placed the employee on leave and will take the appropriate action,\u201d the spokesperson told Bloomberg.<\/p>\n<p>In all, Mr. Spagnuolo, who has worked at Google since 2014 according to Bloomberg, netted $1.2 million in profits, the U.S. attorney\u2019s office said.<\/p>\n<p>Federal prosecutors charged Mr. Spagnuolo on one count of violating the Commodity Exchange Act, one count of wire fraud and one count of money laundering.<\/p>\n<p>If he is convicted of violating the Commodity Exchange Act, he will face up to 10 years in prison, and if he is convicted of wire fraud and money laundering, he will face up to 20 years in prison on each of the two counts.<\/p>\n<p>Read more <a href=\"https:\/\/homebuyerrelocation.com\/?p=914\">Most new moms get the baby blues. But it could be something more serious: postpartum depression<\/a><\/p>\n<\/div>\n<\/div>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>An Italian Google employee is facing federal charges in the U.S. for insider trading, accused of using company information to make money on Polymarket.<\/p>\n","protected":false},"author":1,"featured_media":919,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121,6],"tags":[732,734,733],"class_list":["post-920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-news","tag-google","tag-michele-spagnuolo","tag-polymarket"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Google employee charged in use of insider info to make money on Polymarket - Home Buyer Relocation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/homebuyerrelocation.com\/?p=920\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Google employee charged in use of insider info to make money on Polymarket - 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