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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free registration? Click here

This address will be used to create your account

Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here