Jury finds ex-Goldman programmer guilty of code theft

May 1, 2015 12:06 PM

A jury on Friday convicted a former Goldman Sachs Group Inc. programmer of stealing the investment bank's high-frequency trading code.

The jury said it had reached a split decision, finding Sergey Aleynikov guilty on only one count of stealing "secret scientific material" from Goldman. They were unable to reach a verdict on another similar count.

Prosecutors had charged Aleynikov, a dual citizen of Russia and the United States, with stealing the computer code as he prepared to leave Goldman for a high-frequency trading startup in Chicago.

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