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ABC News: Top Stories | Google employee charged with using inside information to make $1M on Polymarket AI generated summary, Read the full article for complete information. A federal criminal complaint unsealed in New York accuses former Google software engineer Michele Spagnuolo of fraudulently exploiting his access to internal search‑trend data to place insider bets on the prediction‑market platform Polymarket. By using a pseudonymous account (AlphaRaccoon), he correctly wagered that the singer D4vd would be Google’s most‑searched person in 2025—a bet the market had deemed almost impossible—and profited about $1.2 million after Google’s Year in Search results confirmed the prediction. Spagnuolo, 36, an Italian citizen, has been charged with commodities fraud, wire fraud and money laundering; he was arrested in New York, appeared briefly before a magistrate, and was released on a $2.25 million bond while the case proceeds. This marks the second high‑profile Polymarket fraud case brought by the Southern District of New York this year. Read more: https://abcnews.com/US/google-employee-charged-inside-information-make-1-million/story?id=133350018 #Google #MicheleSpagnuolo #Polymarket #AlphaRaccoon #USattorney

Boston.com | Mass. men plead guilty to roles in multi-million dollar bank fraud scheme by Darin Zullo AI generated summary, Read the full article for complete information. Two Massachusetts men, Victor Kolawole, 26, of Brockton and Keith Wainaina, 24, of Lowell, pleaded guilty on May 3 2026 to bank fraud, conspiracy to commit bank fraud, and conspiracy to commit money laundering for their role in a multi‑million‑dollar scheme that targeted banks in Massachusetts, Connecticut, and Rhode Island. Beginning in December 2022, an accomplice obtained customers’ personal data, enabling Kolawole, Wainaina and hired impostors to use fabricated IDs to withdraw large sums as cashier’s checks, which they then deposited into accounts they controlled and used to pay other participants. Prosecutors say Wainaina deposited or attempted to deposit more than $762,000 and Kolawole about $373,000 in fraudulent checks. Both face up to 30 years in prison and fines of up to $1 million for the fraud charges (and up to 20 years and $500,000 for the laundering charge). They are scheduled for sentencing on July 23 (Kolawole) and September 9 (Wainaina). Read more: https://www.boston.com/news/crime/2026/05/03/mass-men-plead-guilty-to-roles-in-multi-million-dollar-bank-fraud-scheme/ #VictorKolawole #KeithWainaina #PhalentzVernot #USAttorney