#southerndistrict

US Top News and Analysis | Google employee charged with $1M Polymarket insider trading bet on search term AI generated summary, Read the full article for complete information. Federal prosecutors in the Southern District of New York have charged Google staff information‑security engineer Michele Spagnuolo with money‑laundering, commodities fraud and wire fraud after alleging he used confidential internal data to place insider bets on Polymarket, a prediction‑market platform. By exploiting a Google tool that gave him access to non‑public “Year in Search” data, Spagnuolo allegedly placed trades that correctly predicted which singer would be Google’s most‑searched person in 2025, netting about $1.2 million. He was arrested, released on a $2.25 million bond, and placed on leave by Google, which said it is cooperating with law enforcement. Polymarket, which cooperated with the U.S. Attorney’s Office and the CFTC, noted this is the second high‑profile insider‑trading case on its platform in just over a month, following an earlier arrest of a former U.S. Army Special Forces sergeant for similar misconduct. Read more: https://www.cnbc.com/2026/05/27/google-employee-polymarket-insider-trading.html #Google #Polymarket #MicheleSpagnuolo #CFTC #SouthernDistrict #GannonKenVanDyke #NicolsMaduro

ABC News: Top Stories | Judge blocks DOJ's attempt to move Maurene Comey's lawsuit out of court AI generated summary, Read the full article for complete information. A federal judge in New York rejected the Justice Department’s attempt to transfer Assistant U.S. Attorney Maurene Comey’s wrongful‑termination lawsuit out of court, keeping the case before him because her dismissal was carried out under the President’s Article II executive authority rather than standard civil‑service procedures. Comey, the daughter of former FBI director James Comey, left the U.S. Attorney’s Office for the Southern District of New York last year and has sued the DOJ, alleging she was fired arbitrarily because of her father’s prominence and perceived political affiliations. The department argued the dispute should be heard by the Merit Systems Protection Board, but the judge noted that Comey was a career prosecutor who handled high‑profile cases—including those against Sean “Diddy” Combs, Robert Hadden, Jeffrey Epstein and Ghislaine Maxwell—and was terminated with a single reason: the President’s constitutional power to remove federal employees. The next hearing is set for May 28. Read more: https://abcnews.com/US/judge-blocks-dojs-attempt-move-maurene-comeys-wrongful/story?id=132453209 #JesseFurman #MaureneComey #JamesComey #FBI #SouthernDistrict #SeanCombs #JeffreyEpstein #GhislaineMaxwell