Goldman Sachs Programmer Gets 8 Years for Data Theft
Sergey Aleynikov was convicted of theft of trade secrets.
A former programmer at Goldman Sachs was recently sentenced to eight years in prison for stealing the company's high-speed trading software.
"Sergey Aleynikov, 41, was convicted in December of theft of trade secrets," writes Threat Level's Kim Zetter. "He then unsuccessfully sought to have the conviction set aside. The Russian-born Aleynikov was ordered remanded in custody until his sentencing, because he was considered a flight risk."
"Aleynikov worked for Goldman Sachs until June 2009, when authorities say he siphoned source code for the companys valuable software on his way out the door to take a new job with another company," Zetter writes. "The software is used to make sophisticated, high-speed, high-volume stock and commodities trades."
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