Gerard Ryan, 62, spent decades on a trading floor before retiring to Mississippi. Then a family member at a New York biotech told him what the FDA was about to do, and he could not leave it alone.
A former congressman, a prediction market, and a State of the Union speech he said he would attend but didn't. Federal prosecutors are now asking whether the no-show was the trade.
Federal prosecutors say a Google software engineer used an internal tool marked "Google Confidential" to clean up on Polymarket's Year in Search bets. The machine he used was the one sitting on his own desk.
Federal prosecutors say a ring of lawyers, traders, and tipsters turned the inside of merger negotiations into a private market. Thirty people are charged. The conference room was the leak.
The SEC says a Los Angeles M&A attorney and a Long Island trader ran a leak pipeline out of global law firms for six years, turning client confidences into trades. Twenty-one defendants. Twelve-plus deals. Two fugitives.
By Elena Ruiz · May 6
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