New Delhi, May 28 -- A Google employee in the US has been charged with commodities fraud, wire fraud, and money laundering for using inside information from the tech giant to make $1.2 million (around Rs.11.49 crore) worth of bets on Polymarket. The 36 year old employee, Michele Spagnuolo worked as a staff information security engineer at Google and allegedly made the trades between October and December last year.

Spagnuolo, an Italian citizen by birth, and was based out of the Google's offices in Zurich, Switzerland. He was arrested in New York on Wednesday morning and appeared before a magistrate judge and was later released ona $2.25 million bond, ABC News reported.

The US authorities say that Spagnuolo gained access to Google's inte...