A Google engineer is facing federal charges after allegedly using his employer’s confidential data to pocket $1.2 million on Polymarket
A Google engineer has been charged with using confidential company data to earn $1.2 million on the prediction market Polymarket. Michele Spagnuolo allegedly accessed internal information to inform his bets on the platform, which included predictions about celebrity searches. If convicted, he faces up to 50 years in prison for commodities fraud, wire fraud, and money laundering.
- ▪Michele Spagnuolo, a Google engineer, allegedly used internal data to make profitable bets on Polymarket.
- ▪He reportedly wagered $2.7 million of his own money, netting a nine-figure payday.
- ▪The U.S. Attorney's Office has charged him with commodities fraud, wire fraud, and money laundering.
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A software engineer with more than a decade of experience at Google allegedly used internal information to pocket $1.2 million on the prediction market Polymarket.Recommended Video Michele Spagnuolo, the Google engineer who went by the username “AlphaRaccoon” online, allegedly disregarded red text at the top of an internal tool that read “Google Confidential,” and accessed data about the most-searched celebrities to help inform several bets he made on Google’s 2025 Year in Search, a marketing campaign showing the top searches from last year, according to the complaint, which was filed by the U.S. Attorney’s Office for the Southern District of New York.
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