Skip to main content
Chad Silverman

Chad Silverman

Partner at Skadden in Government Enforcement & White Collar Crime Group; former senior trial attorney at the CFTC specializing in enforcement matters involving commodities, derivatives, and digital assets.

Jul 27, 2026

9:06
Any other prominent cases coming out recently?
9:09
Yeah, you know, there was another case that came out involving an employee of a tech company who also allegedly misappropriated information from his company and then traded on that information.
9:19
The individual's name was Michael Spagnolo, and he was a software engineer that had access to confidential data regarding the year in search, which is proprietary trending search results that They're usually kept completely confidential until that information is released.
9:38
And Polymarket had some markets with regard to that, such as, will Kendrick Lamar be the number one search person this year? So allegedly Spagnuolo accessed some internal information regarding whether Kendrick Lamar would be the number one search person that year and invested approximately $2.75 million across 25 different contracts like that.
10:01
And he voted yes.
10:03
no on some contracts when he knew that the individual wouldn't be the one who was number one and voted yes on other contracts.
10:09
And when all was said and done, allegedly profited $1.2 million.
10:49
is from these cases for corporates that are looking at how to ensure compliance going forward?

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click “Accept All” to consent, or “Decline non-essential” to opt out of non-essential cookies. Read our Privacy Policy.