DOJ fees Google engineer Michele Spagnuolo over alleged $1.2M Polymarket features tied to confidential Google information.
The U.S. Division of Justice has charged Google software program engineer Michele Spagnuolo in an alleged Polymarket insider buying and selling case.
Prosecutors mentioned he used confidential Google data to put market bets and achieve greater than $1.2 million.
DOJ Information Fees In opposition to Google Engineer
The Justice Division charged Spagnuolo with commodities fraud, wire fraud, and cash laundering. He’s often known as “AlphaRaccoon” on Polymarket.
The case was introduced by the U.S. Legal professional’s Workplace for the Southern District of New York. The FBI’s New York workplace additionally joined the announcement.
Prosecutors mentioned Spagnuolo labored as a software program engineer at Google. They mentioned his function gave him entry to inside techniques and nonpublic enterprise information.
U.S. Legal professional Jay Clayton mentioned the case concerned confidential enterprise data.
He mentioned, “Company insiders can not use confidential enterprise data to show a revenue in our markets.”
Prosecutors Element Alleged Polymarket Bets
The criticism mentioned Spagnuolo created a Polymarket account in Could 2024. The account used the alias “AlphaRaccoon,” in keeping with prosecutors.
From October 15, 2025, to December 4, 2025, he allegedly risked about $2.75 million. Prosecutors mentioned the trades had been linked to Google-related prediction markets.
DOJ Fees Google Engineer Over $1.2M Polymarket Insider Buying and selling Earnings
The U.S. Division of Justice charged Google software program engineer Michele Spagnuolo, referred to as “AlphaRaccoon” on Polymarket, with commodities fraud, wire fraud, and cash laundering. Prosecutors allege he… pic.twitter.com/rjLF08VDh5
— Wu Blockchain (@WuBlockchain) Could 31, 2026
The DOJ mentioned Spagnuolo positioned bets after accessing Google inside data. It additionally mentioned the markets had been later resolved after public bulletins.
Prosecutors allege the AlphaRaccoon account earned about $1.2 million from the trades. The features got here from bets tied to nonpublic Google information, they mentioned.
Learn Additionally:
Polymarket Exploit: $700K in POL Stolen, Executives Say Consumer Funds Secure
Confidential Knowledge Entry Underneath Evaluate
The criticism mentioned Spagnuolo had entry to an inside Google software program device. The device displayed a “Google Confidential” banner in pink textual content.
Prosecutors mentioned Spagnuolo had additionally licensed Google confidentiality and ethics insurance policies. They mentioned these insurance policies lined the dealing with of inside enterprise data.
FBI Assistant Director James C. Barnacle Jr. mentioned Spagnuolo allegedly abused his entry. He mentioned the engineer used “nonpublic data” for private monetary achieve.
Spagnuolo, who resides in Switzerland, appeared earlier than U.S. Justice of the Peace Choose Sarah Netburn in Manhattan federal court docket. The costs stay allegations except confirmed in court docket.
The case provides new consideration to prediction market buying and selling and worker entry to company information.
Prosecutors mentioned the alleged conduct concerned Google data and Polymarket markets.