Monday, March 21, 2011

8 years for Code Theft

Sometime back I blogged about this Russian programmer who stole high frequency code from Goldman Sachs and was awaiting the trial. Well the trial is now over and Sergey Aleynikov will serve 8 years in prison for his actions. At the time of this conviction, Sergey used to make $400,000 annually in Goldman and has been offered a salary of $1.2 million by Teza technologies. Another case where greed precedes the moral values.

Anyway it was a good story and well mentioning on this blog. The details of the trial and can be found here.

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