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A 38-year-old U.S. Special Forces soldier who helped capture Venezuelan leader Nicolás Maduro allegedly placed a bet on the operation itself.
According to the U.S. Department of Justice, he used classified information to generate approximately $400,000 through an illegal wager. He is now facing multiple charges, including fraud and misuse of government information, and could receive a prison sentence of up to 20 years.
This case highlights a broader and growing concern around insider trading and the misuse of privileged information.
Recent activity in oil futures trading shows similar patterns. Trading volumes in Brent crude oil spiked sharply just minutes before a market-moving announcement during a CBS News interview, after which prices dropped significantly.
Such well-timed trades have raised concerns among analysts and lawmakers, with some calling for investigations into whether market participants are acting on non-public information.
While enforcement efforts are increasing, these cases suggest that insider activity may be occurring on a much larger scale across multiple markets.
Do something, DOJ, SEC, and CFTC!