Advertisement
Categories: NewsWorld

US Soldier Charged for $400k in Maduro Removal Bets

Advertisement

US Army Soldier Charged Over Maduro Capture Bet

A US Army soldier has been charged with making $400,000 by betting on the removal of ousted Venezuelan leader Nicolas Maduro. The Justice Department announced charges against Master Sergeant Gannon Ken Van Dyke, 38, including unlawful use of confidential government information for personal gain and theft of nonpublic government information.

Van Dyke allegedly used sensitive classified information to make wagers on prediction market Polymarket that US forces would enter Venezuela and that Maduro would be out of power. The indictment details his involvement in the planning and execution of the capture, referencing a photograph uploaded by Van Dyke hours after Maduro’s arrest.

Acting US Attorney General Todd Blanche emphasized that military personnel are prohibited from using classified information for personal financial gain. Polymarket stated it cooperated with authorities and noted that insider trading has no place on its platform.

The Pentagon deferred comment to the Justice Department, while President Donald Trump remarked on the case, drawing a parallel to baseball player Pete Rose’s ban over gambling scandal. The US Commodity Futures Trading Commission also filed civil charges against Van Dyke.

Advertisement
News Desk

Recent Posts

Xenith PR partners with IoBM to bridge Pakistan’s corporate communications gap

Karachi: Xenith PR, one of Pakistan’s leading PR and Corporate Communications firm, has announced a…

3 hours ago

Cotton shortfall costing significantly to the economy and exchequer, says OICCI

Pakistan’s cotton output has fallen by more than half from its peak, a decline that…

5 hours ago

inDrive expands safety toolkit with Trip Audio Recording feature

inDrive, the global mobility and delivery platform, has announced the official rollout of its new…

1 day ago

Sarsabz Unveils ‘Dil Se Dekho Sarsabz Pakistan’ Campaign Ahead of Independence Day

This Independence Day, Sarsabz, the flagship brand of Fatima Fertilizer, has launched Dil Se Dekho…

2 days ago

BYD Pakistan Receives Its Largest-Ever Shipment of NEVs at Karachi Port

Mega Motor Company (MMC), the official partner of BYD in Pakistan, announced the arrival of…

5 days ago

Health Ministry Partners with LUMS National AI Hub to Advance Maternal and Child Health

LAHORE: The Ministry of National Health Services, Regulations and Coordination (MoNHSRC) has signed an MoU…

5 days ago