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Entries in High-speed trading (1)

Saturday
Mar192011

Former Goldman Sachs Programmer Sentenced for Trading Crime

Mario Tama/Getty Images(NEW YORK) -- Former Goldman Sachs programmer Sergey Aleynikov was sentenced Friday to over eight years in prison for stealing company secrets.

Aleynikov, 41, was convicted of stealing a computer code for high-speed trading when he left Goldman Sachs in 2008. Judge Denise Cote expressed her belief that Aleynikov intentionally stole the code, and never fully admitted his guilt.

He is also being fined $12,500.

Aleynikov emigrated from Russia in 1990 and holds dual citizenship.

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