Former Goldman Sachs Employee Charged With Theft of Trade Secrets

Filed under: Goldman Sachs Group (GS)

Former Goldman Sachs (GS) employee Sergey Aleynikov is being held on three counts of theft of trade secrets, cross-border transport of stolen property, and unauthorized computer access after he allegedly stole computer codes related to the company's high-frequency trading programs upon his resignation in April of 2009.



According to CNBC, "Goldman attributes millions of dollars of its annual profits to those propriety codes. Also in April, Aleynikov accepted a position at Teza Technologies to program a similar trading platform."

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Former Goldman Sachs Employee Charged With Theft of Trade Secrets originally appeared on BloggingStocks on Fri, 12 Feb 2010 17:00:00 EST. Please see our terms for use of feeds.

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