Deep Tide TechFlow News: On May 29, according to Fortune, U.S. prosecutors this week brought insider trading charges against Google software engineer Michele Spagnuolo (36, Italian, currently living in Switzerland). Prosecutors say that under the online alias “AlphaRaccoon,” before the “2025 Search of the Year” data was made public by Google, he used internal company search trend data to place bets on the prediction market platform Polymarket, generating profits of over $1.2 million in total. The FBI locked in his identity by tracking cryptocurrency payments. Google has suspended him and said that using confidential information to place bets seriously violates company policy. Spagnuolo is charged with violations of the U.S. Commodity Exchange Act, telecommunications fraud, and money laundering, and could face many years in prison.

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