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Ex-Goldman Sachs computer programmer busted again for stealing code

Posted on January 25, 2017 by Dissent

Barbara Ross reports:

A computer programmer who copied Goldman Sachs’ confidential recipe for making money in high frequency trades is guilty — again — of theft, an appellate court ruled Tuesday.

The judges said a lower court judge was wrong to toss Sergey Aleynikov‘s conviction in 2015 of unlawfully using secret scientific material, a low level felony whose punishment can range from no jail time to four years.

Manhattan Supreme Court Justice Daniel Conviser said the jury was wrong to conclude that Aleynikov had not made a “tangible” copy of Goldman’s computer code when he copied it and saved the code on the hard drive used by a German server.

Read more on NY Daily News.

Category: Financial SectorHackU.S.

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