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- Google engineer charged with insider trading after profiting $1.2 million on Polymarket
- Radley to close all stores, including flagship locations in London and Glasgow
- Fifteen students killed in fire at Utumishi Girls School in Kenya
- Beretta Defense Technologies to launch Livet automated weapon system
- US economy shows signs of slowing as inflation pressures persist
- Countries impose travel restrictions in response to Ebola outbreak in DRC and Uganda
- Justice Department investigates E. Jean Carroll for potential perjury
- GCHQ chief warns of increasing Russian threats to UK infrastructure and security
A Black Lives Matters protest in London regarding Chris Kaba.
Looks like the white, middle class organisers forget to invite any black people.
In the wake of death of UK political prisoner, Peter Lynch, who was fast tracked into prison for essentially shouting in the street.
The grandfather was ultimately sentenced to death.
Pakistani family who attacked police at Manchester Airport, STILL haven't even been charged.
Tiny ‘Black Lives Matter’ crowd gathers outside the Old Bailey courtrooms to protest the not guilty verdict of the police officer who shot violent criminal Chris Kaba.
Kaba rammed his car repeatedly into armed police officers’ cars.
BLM is finished in the UK.
UK public borrowing exceeds official forecast in September
Government borrowing overshot official projections in September, which is a sign of the difficult fiscal position that the Chancellor faces as she puts the finishing touches on her first tax and spending budget.
May 28, 2026
11:00 am
Get you up to speed: Google employee accused of making over $1.2M on Polymarket through insider trading
Michele Spagnuolo, a software engineer at Google, faces federal charges for allegedly profiting over $1.2 million through insider trading on Polymarket by betting on confidential company information regarding Google’s searches for 2025. Arrested in New York, he was released on a $2.25 million bond following the unsealing of charges that include commodities fraud, wire fraud, and money laundering.
Michele Spagnuolo was arrested in New York on Wednesday and released on a $2.25 million bond, with the U.S. Attorney’s Office confirming the charges. The Commodity Futures Trading Commission has also filed a civil lawsuit against him based on similar allegations.
A Google spokesperson confirmed that Michele Spagnuolo has been placed on leave and that the company is cooperating with law enforcement, emphasising that his actions represent a serious breach of company policy. Polymarket stated it flagged the trader and is committed to maintaining fair markets while referring illegal acts to federal authorities for further action.
What remains unclear — It is not specified how much cryptocurrency was transferred from Spagnuolo’s Polymarket account to the crypto wallet.
Google engineer charged with insider trading after profiting $1.2 million on Polymarket
A software engineer at Google is facing federal charges after allegedly betting on confidential company information on Polymarket, netting more than $1.2 million in profits, the second insider trading prosecution against a user of the popular prediction market service in recent months.
In court papers released by the Justice Department, Michele Spagnuolo was accused of using an internal company tool late last year to look up data on Google’s top-trending searches of 2025. He then allegedly placed millions in bets on Polymarket on whether or not various celebrities would rank among the most searched people on Google that year, weeks before the company released that information publicly in its annual Year in Search report.
The most widely searched person of 2025 ended up being D4vd, a singer who drew nationwide attention last year after a 15-year-old’s dismembered body was found in the trunk of a car registered to him. Using the Polymarket username “AlphaRaccoon,” Spagnuolo was accused of correctly betting hundreds of dollars that D4vd would show up in the most widely searched people, at a time when the market assessed the odds of D4vd appearing as fairly slim.
Days after the Year in Search data was publicly announced, Spagnuolo’s Polymarket account allegedly transferred millions of dollars in cryptocurrency to a crypto wallet.
Spagnuolo was charged with commodities fraud, wire fraud and money laundering. The Commodity Futures Trading Commission also sued him in civil court on similar grounds.
The charges against Spagnuolo, an Italian citizen who lives in Switzerland, were unsealed on Wednesday. He was arrested in New York on Wednesday and appeared before a magistrate judge who released him on $2.25 million bond, the U.S. Attorney’s Office for the Southern District of New York confirmed to WTX US News.
WTX US News has reached out to Spagnuolo and his attorney for comment.
A Google spokesperson said Spagnuolo has been placed on leave, and the tech giant is working with law enforcement.
“The employee accessed our marketing material using a tool available to all employees, but using such confidential information to place bets is a serious breach of our policies,” the spokesperson said.
Polymarket said on X that it flagged the trader. A spokesperson said the company worked closely with federal authorities, calling Polymarket “the only prediction platform to date whose cooperation has led to insider trading charges in the United States.”
The charges against Spagnuolo came one month after a U.S. special forces soldier was arrested for allegedly winning over $400,000 by betting on the raid to capture former Venezuelan leader Nicolás Maduro before news of the raid was made public. The soldier pleaded not guilty.
The cases have highlighted concerns about the potential for insider trading on prediction markets, which have surged in popularity in recent years. Earlier this year, a data analyst told “60 Minutes” he has spotted other cases of Polymarket accounts raking in millions by correctly betting on U.S. military operations, sometimes achieving an unbelievably high win rate.
Polymarket has said insider trading is prohibited on its platform, and it polices misconduct and refers illegal acts to federal authorities.
“Blockchain trading is transparent, traceable, and bad actors leave footprints,” the company spokesperson said. “We are committed to maintaining accurate, fair, and transparent markets as well as enforcing our rules and working with our regulators and law enforcement.”
May 28, 2026
11:00 am
May 28, 2026
10:00 am
Get you up to speed: High street brand Radley to close all shops including London flagship | News UK
Radley, a UK accessories brand, is facing multiple store closures after being bought out of administration by Gordon Brothers. FTI Consulting has confirmed 42 job losses with immediate effect as all Radley branches, including flagship stores in Glasgow and Covent Garden, are expected to close by September.
Radley, now under the ownership of Gordon Brothers, is expected to cease operations at all 21 UK stores by September, with current stock being sold until then. The administration process, overseen by FTI Consulting, has already resulted in 42 immediate job losses, and further redundancies are anticipated as the closures proceed.
Radley, recently acquired by Gordon Brothers, is expected to close all 21 of its UK shops by September, leading to immediate job losses for 42 employees. FTI Consulting, appointed as administrator, stated it will assist affected team members with redundancy claims amidst a challenging retail environment marked by declining customer demand and rising operating costs.
What remains unclear — It is not known how many additional job losses will occur as a result of the store closures.
Radley to close all stores, including flagship locations in London and Glasgow
Major UK accessories brand Radley is facing multiple store closures after being bought out of administration by Poundland owner Gordon Brothers.
The handbag chain operates 21 shops across the UK and was founded by Australian designer Lowell Harder in London when it operated as a stall in Camden Market during the 1990s.
It was owned by private equity firm Freshstream after the company bought it in 2016, but was put up for sale earlier this year and snapped up by business management consultant Gordon Brothers this week.
The deal includes Radley’s brand and intellectual property assets, but it does not include the company’s retail operations.
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Radley and FTI Consulting, which was appointed as administrator on Tuesday, has confirmed 42 job losses with immediate effect, but more are expected as Radley’s shops face closure by September.
A spokesperson for FTI said: ‘The administration team will guide and support affected team members over the coming weeks through the redundancy claims process.
‘The administration appointments follow a sustained period of challenging economic conditions for the retail environment, including declining customer demand and increasing operating costs, all of which have had a negative impact on trading.’
Which Radley shops face closure?
All Radley branches, including its two flagship stores in Glasgow and London’s Covent Garden as well as its 19 outlet branches, are expected to close following the buyout agreement.
The full list:
- Covent Garden
- Glasgow
- Ashford (Outlet)
- Banbridge (Outlet)
- Braintree (Outlet)
- Bridgend (Outlet)
- Cannock (Outlet)
- Castleford (Outlet)
- Cheshire Oaks (Outlet)
- Cotswolds (Outlet)
- Dalton Park (Outlet)
- Doncaster (Outlet)
- Gretna (Outlet)
- Gunwharf Quays (Outlet)
- Livingston (Outlet)
- Mansfield (Outlet)
- O2 London (Outlet)
- Springfield (Outlet)
- Somerset (Outlet)
- Swindon (Outlet)
- York (Outlet)
According to Drapers, the stores are expected to continue trading until September to ‘shift stock’.
The news comes days after Quiz Clothing announced the closure of all its stores and Morrisons confirmed it would be closing around 100 of its Daily convenience stores.
It also comes after numerous other closures hit retail chains, restaurants, and banks earlier this month, including Franco Manca, Santander, The Real Greek, and more.
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