Programmer Wants Theft Charges Dropped
Posted on Aug 6, 2010 1:40pm PDT
A former Goldman Sachs Groups Inc. computer programmer is asking a judge to drop charges of stealing trading software from the bank because the acts described do not constitute crimes. Sergey Aleynikov was arrested on allegations that he stole a code for Goldman's high-frequency trading business on his last day at the bank in June 2009. However, the man's lawyer is reporting that these acts are not the federal crimes for which he was indicted. He now faces 25 years in prison if convicted.
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