July 06, 2009
Going After the Kingpins

Steal from Goldman Sachs and the FBI’s all over you like crows on roadkill. Goldman Sachs steals from you? Not so much. The worst that could happen is they make you Secretary of the Treasury.

NEW YORK (Reuters) – A former Goldman Sachs computer programer accused of stealing secret trading codes from the investment bank was being held in federal custody on Monday, pending the posting of $750,000 bail.

Sergey Aleynikov, 39, was ordered by U.S. Magistrate Kevin Nathaniel Fox in Manhattan on Saturday to post a $750,000 personal recognizance bond to be secured by three financially responsible people…

He is accused of “theft of trade secrets” related to computer codes used for automated stock and commodities trading at an unspecified financial institution. Sources familiar with the situation have told Reuters columnist Matthew Goldstein that the financial institution is Goldman Sachs.

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Posted by Jerome Doolittle at July 06, 2009 12:29 PM
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