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Tuesday April 24, 2018

Ex-Goldman Sachs Programmer on Trial in NYC

An ex-Goldman Sachs programmer, Sergey Aleynikov of North Caldwell, New Jersey, went on trial this week  for allegedly stealing secret computer code that enables high-speed trading so he could develop the same kind of software at a startup financial company.

Aleynikov’s lawyer did not deny that his client had violated the company’s confidentiality agreements, but stated that the affair was a civil matter and Goldman Sachs could have settled it with a lawsuit. Instead, they notified the FBI.

Associated Press

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