Former Société Générale trader found guilty of HFT code theft

Societe Generale La Defense

Former Société Générale trader Samarth Agrawal has been found guilty in a New York court for stealing proprietary computer code from the French bank. US district judge Jed Rakoff stated Agrawal had “admitted all the essential elements, certainly of the first count, if not the second”. He later admitted his guilt in the closing days of the trial.

The former trader is guilty of theft of trade secrets and transportation of stolen property in interstate commerce.

Agrawal was arrested in April after