Ex-Goldman Sachs programmer freed

Appeal court overturns conviction for code theft

A New York appeal court has acquitted Sergey Aleynikov, a former programmer in Goldman Sachs's high-frequency trading operation, of charges of economic espionage and transportation of stolen property.

Aleynikov was convicted in 2010  and sentenced to eight years in prison – according to prosecutors, he had left Goldman in 2008 for Teza Technologies, taking with him proprietary code on the workings of the bank's high-frequency trading algorithms. Throughout his original trial, Aleynikov said he

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