[ISN] Programmer steals Wall Street trading code, FBI alleges

From: InfoSec News <alerts_at_private>
Date: Wed, 8 Jul 2009 01:47:11 -0500 (CDT)
http://www.computerworld.com/s/article/9135216/Programmer_steals_Wall_Street_trading_code_FBI_alleges

By Gregg Keizer
Computerworld
July 6, 2009 

A high-level developer for Goldman Sachs was arrested by the FBI Friday 
and charged with stealing computer code that automates the firm's 
high-volume trading on stock and commodities markets, according to court 
documents and sources close to the case.

The Reuters news service, which broke the story yesterday, tied the 
developer, Sergey Aleynikov, to Goldman Sachs, where he was allegedly a 
vice president of equity strategy.

Today, sources with knowledge of the case confirmed that Aleynikov had 
worked for Goldman Sachs for the last two years, and allegedly tried to 
steal code from the company.

In the days before his June 5 resignation from Goldman Sachs, Aleynikov 
copied, encrypted and transferred approximately 32MB of proprietary code 
to a server located in Germany, the FBI claimed in the complaint filed 
July 4 by Special Agent Michael McSwain, a member of the agency's 
securities fraud squad.

[...]


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Received on Tue Jul 07 2009 - 23:47:11 PDT

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