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Former Goldman Sachs Programmer Back in Court for Alleged Theft of High-Frequency Trading Code

Mr. Aleynikov.

After a 2010 conviction in federal court for “theft of trade secrets,” a year in prison, and the relief of an overturned conviction in February, Reuters reports that former Goldman Sachs programmer Sergey Aleynikov is back in court today. This time, he faces state charges for the alleged theft of the code that underlies the firm’s high-frequency trading system.

Reached for comment, Mr. Aleynikov’s attorney Kevin Marino confirmed that his client is scheduled to be arraigned downtown this afternoon. Mr. Marino told Betabeat: Read More