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A former GS’s computer programmer charged with stealing trading platform secrets

Sergey Aleynikov, a computer whiz, was arrested in New York and granted bail on a $750,000 surety...

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The charge: "theft of trading software secrets". The complainant? Goldman Sachs ... his previous employer!

This former Goldman Sachs’s computer programmer, aged 39, is accused of improperly copying software codes based on mathematics algorithms. He would have "uploaded" codes on a file sharing service.

The purpose of stolen codes was to perform sophisticated, high-speed and high-volume trades on various stock and commodity markets

Mr. Aleynikov left Goldman Sachs in June, giving up a salary of $ 400,000 a year. He was about to join a Chicago-based management company which offered more than one million dollars a year

Next Finance , July 2009

Article also available in : English EN | français FR

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