Goldman Sachs computer programmer convicted of stealing secret code

[Jeffersons Ghost]

Jury convicts ex-Goldman man in trade secrets case

(Reuters) - A jury on Friday convicted a former Goldman Sachs computer programmer on criminal charges of stealing secret high-frequency trading code from Wall Street's most influential bank.

Sergey Aleynikov, 40, was indicted in February under the Economic Espionage Act on accusations he copied and removed computer code from Goldman in June 2009 before taking a new job with Teza Technologies LLC, a high-frequency trading start-up firm.

Jurors reached their verdict after a two week-long trial in U.S. District Court in New York. They deliberated for about six hours over Thursday and Friday.

Aleynikov's lawyer, Kevin Marino, contended at the trial that his client may have breached Goldman's confidentiality policy but he did not harm and could not harm the firm.

http://www.reuters.com/article/idUSTRE6B94HD20101210

[DCKit]

1. And anyone who understands the usage of that program...

knows it's used to skim $$$ off every trade they intercept.

Why is the program, and the fact that GS developed/bought/used it illegal?

Edit to add:

Anyone who doesn't think American Justice is bought and paid for needs a clue.

[Jeffersons Ghost]

2. Sounds like G. S. needs to be in court if they used the code in that manner

[Hassin Bin Sober]

3. Is there no honor among thieves?

[Jeffersons Ghost]

4. apparently not