Soldier charged with making over $400,000 on Maduro raid bet pleads not guilty
U.S. Army soldier Gannon Ken Van Dyke has pleaded not guilty to charges related to insider trading linked to a raid on former Venezuelan dictator Nicolas Maduro. Prosecutors allege that Van Dyke used classified information to place bets that earned him over $400,000. This case marks a significant legal precedent as it is the first time insider-trading charges have been brought involving a prediction market.
- ▪Gannon Ken Van Dyke is accused of using classified information for personal gain.
- ▪He won over $400,000 by betting on the outcome of a U.S. operation to capture Maduro.
- ▪This case is the first instance of insider-trading charges related to a prediction market.
Opening excerpt (first ~120 words) tap to expand
U.S. Army soldier Gannon Ken Van Dyke pleaded not guilty Tuesday afternoon in Manhattan federal court after prosecutors accused him of using classified information tied to the U.S. operation to capture former Venezuelan dictator Nicolas Maduro. Van Dyke, 38, faces charges of unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction after he won more than $400,000 by predicting the raid to capture Maduro. Recommended Stories Judge allows cameras in courtroom for Tyler Robinson murder trial James Comey criminal trial over ’86 47′ post set for July 15 Federal mine safety official sues Trump over firing Biden-appointed U.S.
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