Prosecutors said Michele Spagnuolo used confidential Google trend data to place winning bets before the information became public.
WASHINGTON — A Google software engineer has been charged with insider trading and fraud after federal prosecutors alleged he used confidential company data to make more than $1.2 million betting on prediction markets tied to Google search trends.
Federal prosecutors in New York said that Michele Spagnuolo, a 36-year-old Italian citizen living in Switzerland, faces charges of commodities fraud, wire fraud and money laundering.
According to the complaint, Spagnuolo allegedly used confidential internal Google data to place profitable
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