Source and Copyright: NASDAQ
A former Goldman Sachs Group (GS) computer programmer has been indicted on charges he stole computer codes used for proprietary high-frequency trading program.
Sergey Aleynikov, 40 years old, was charged in a three-count indictment with theft of trade secrets, transportation of stolen property in interstate and foreign commerce and unauthorized computer access.
Prosecutors from the U.S. Attorney's office in Manhattan alleged that Aleynikov, on his last day at Goldman Sachs in June 2009, transferred substantial portions of Goldman's proprietary computer code for its high- frequency trading platform to an outside computer server in Germany. He also allegedly transferred thousands of computer code files related to the proprietary trading platform to his home computers during his time at Goldman without the firm's knowledge, prosecutors said.
Aleynikov faces up to 25 years in prison on the charges.
Rogue employees and information theft are comprehensively addressed in the Business Espionage and Investigating Information Leaks workshop during the strategic-level Security Management Stage 3 course, 10-21 May 2010. For more details go to http://www.arc-tc.com/pages/university_acredited_sm.asp#sm3 or contact Janet.
