A former GS’s computer programmer charged with stealing trading platform secrets

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Sergey Aleynikov, a computer whiz, was arrested in New York and granted bail on a $750,000 surety…

The charge: “theft of trading software secrets”. The complainant? Goldman Sachs … his previous employer!

This former Goldman Sachs’s computer programmer, aged 39, is accused of improperly copying software codes based on mathematics algorithms. He would have “uploaded” codes on a file sharing service.

The purpose of stolen codes was to perform sophisticated, high-speed and high-volume trades on various stock and commodity markets

Mr. Aleynikov left Goldman Sachs in June, giving up a salary of $ 400,000 a year. He was about to join a Chicago-based management company which offered more than one million dollars a year