Insider Trading
US charges Google security engineer with Polymarket insider trading
A Google security engineer was charged with insider trading after winning $1.2 million using confidential company data to place bets on the cryptocurrency-based Polymarket decentralized prediction market. 36-year-old Michele Spagnuolo, an Italian citizen residing in Switzerland and a Google employee since 2014, appeared on Wednesday in the Southern District of New York. In parallel, the Commodity […]
Hacker charged for breaching 5 companies for insider trading
The U.S. Securities and Exchange Commission (SEC) charged Robert B. Westbrook, a U.K. citizen, with hacking into the computer systems of five U.S. public companies to access confidential earnings information and conduct insider trading. Westbrook then used this nonpublic information to make trades ahead of 14 earnings announcements between January 2019 and August 2020, earning […]