Ex-Goldman programmer found guilty of code theft

Ex-Goldman programmer found guilty of code theft

goldman-sachs-2010

Former Goldman Sachs programmer Sergei Aleynikov has been found guilty of stealing and transporting trade secrets, in a trial in Manhattan, New York.

Aleynikov, who will be sentenced in March, could face up to 15 years in prison after a court found he took important code on the workings of Goldman's high-frequency trading algorithms with him when he left the bank in 2008 to join Teza Technologies.

Prosecutors argued that, on his final day at the bank, Aleynikov encrypted and transferred

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