(Bloomberg News) -- Former Goldman Sachs Group Inc. programmer Sergey Aleynikov was found guilty in the high-frequency trading code theft case that illustrated the difficulty of using existing law to protect technology central to financial markets.
Aleynikov, whose travails helped inspire Michael Lewis’s “Flash Boys,” acknowledged that he breached Goldman Sachs policy by downloading the code to his home computers. While Aleynikov’s attorney, Kevin Marino, argued that taking the code wasn’t illegal even if it violated bank policy, jurors decided it was a crime.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access