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US 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.
96 Articles
96 Articles
US Special Forces Soldier Pleads Not Guilty to Betting on Maduro’s Capture
A U.S. special forces soldier involved in a military operation to capture former Venezuelan leader Nicolás Maduro pleaded not guilty on April 28 to using classified information about the secret plan to win more than $400,000 on prediction market Polymarket. Gannon Ken Van Dyke, 38, entered the plea in Manhattan federal court after he was charged with the unlawful use of confidential government information for personal gain, theft of nonpublic go…
Omaha World-Herald
Army soldier suspect enters not guilty plea
NEW YORK — The U.S. Army soldier charged with winning $400,000 by using confidential information to bet on the removal of ousted Venezuelan President Nicolas Maduro pleaded not guilty Tuesday to fraud charges.
Soldier Who Helped Plan Maduro Raid Denies Insider Betting
A 38-year-old Green Beret now finds himself fighting a criminal case at home. Gannon Ken Van Dyke, a US Army Special Forces master sergeant, pleaded not guilty Tuesday in Manhattan federal court to charges that he turned secret details of the US mission to seize Venezuela's Nicolás Maduro into a...
Los Angeles Times
A U.S. Special Forces soldier pleaded not guilty on Tuesday to having used classified mission information to capture former Venezuelan leader Nicolás Maduro in order to earn more than $400,000 in the Polymarket prediction market.
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.…
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