Google engineer accused of profiting over $1.2 million from confidential data

According to Bitcoin.com, Google software engineer Michele Spagnuolo has been charged with commodity fraud, wire transfer fraud, and money laundering. The US Department of Justice stated that he profited over $1.2 million by trading related contracts using confidential Google data through a Polymarket account named "AlphaRaccoon". The case involves internal data from Google's "2025 Search Results", including ranking information for the most searched individuals and the top five searched individuals.