Ex-Societe Generale Trader Stole Code, Jury Told
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A former Societe Generale SA trader stole computer code for high-frequency trading from the company, a federal prosecutor told jurors at the start of a trial in New York.
“You will see that Samarth Agrawal was a thief,” Assistant U.S. Attorney Thomas G.A. Brown said in his opening statement today. “He didn’t steal cash or gold or diamonds. He stole something much more valuable. He stole a powerful way to make millions of dollars on the stock market.”