Google (GOOGL) Employee Charged with $1.2M Insider Trading Bet

AI Summary

Federal prosecutors charged a Google (GOOGL) employee, Michele Spagnuolo, with making $1.2 million in profits from insider trading bets on Polymarket. He allegedly used confidential information to correctly predict that singer d4vd would be the most searched person in 2025. The complaint was unsealed in the Southern District of New York, where Spagnuolo was arrested and released on a $2.25 million bond. Google has stated they are cooperating with law enforcement and have placed Spagnuolo on leave pending further action.