US EditionUS soldier accused of betting on Maduro's removal pleads not guilty to fraud charges
Prosecutors say Gannon Ken Van Dyke used classified information to make more than $400,000 in Polymarket bets on Maduro’s capture.
- On Tuesday, Gannon Ken Van Dyke pleaded not guilty in New York federal court to charges he used classified information to profit from Polymarket bets on Venezuelan President Nicolás Maduro's removal, winning more than $400,000.
- Prosecutors allege Van Dyke used his knowledge of Operation Absolute Resolve, a covert military operation he helped plan and execute, to place at least 13 bets predicting when U.S. forces would enter Venezuela and when Maduro would be removed.
- After Polymarket flagged suspicious activity in early January, the Department of Justice claims Van Dyke transferred roughly $444,209 to a brokerage account after moving funds into a foreign cryptocurrency "vault" that generates interest.
- Defense attorney Mark Geragos, who recently represented Sean "Diddy" Combs, told reporters the government accused Van Dyke of "something that is not a crime," calling him an "American hero" who served "virtually 98% of his adult life."
- The Commodity Futures Trading Commission filed a separate civil lawsuit against Van Dyke, marking the first DOJ criminal case involving insider trading on a prediction market and potentially prompting new regulatory oversight of crypto-based platforms.
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67 Articles
ashepostandtimes.com
The Daily HeraldFort Bragg soldier pleads not guilty in federal court
(The Center Square) – An enlisted soldier at Fort Bragg on Tuesday in the U.S. District Court for the Southern District of New York pleaded not guilty to charges he used classified information to win $400,000 in a prediction market.
Hanford Sentinel
Hastings TribuneSoldier pleads not guilty to insider trading on Maduro raid
NEW YORK — A U.S. Army special forces master sergeant pleaded not guilty to charges of trading on classified information about the operation to capture then-Venezuelan president Nicolas Maduro. Gannon Ken Van Dyke, 38, entered the plea Tuesday before U.S.…
U.S. soldier accused of betting on Maduro operation pleads not guilty
A U.S. special forces soldier accused of using classified information about the operation to remove Venezuela's Nicolás Maduro from office to make prediction market bets on Tuesday pleaded not guilty to federal charges.
Soldier charged with making over $400,000 on Maduro raid bet pleads not guilty
U.S. Army soldier Gannon Ken Van Dyke pleaded not guilty Tuesday afternoon in Manhattan federal court after prosecutors accused him of using classified information tied to the U.S. operation to capture former Venezuelan dictator Nicolas Maduro. Van Dyke, 38, faces charges of unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful mone…
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