Ex-Goldman Sachs Programmer’s Conviction Upheld in New York
- Appeals court says taking of computer source code is a theft
- Prosecutors have said they won’t seek additional prison time
Photographer: Jin Lee/Bloomberg
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Former Goldman Sachs Group Inc. programmer Sergey Aleynikov’s legal roller-coaster ride may finally be over as New York’s top court upheld his conviction for stealing the bank’s computer code for its high-frequency trading platform.
The ruling, based in part on violations of a 1967 law that bans the theft of "secret scientific material," follows a series of convictions, reversals and acquittals in federal and state courts as prosecutors pursued the case to set an example for programmers in the financial industry.