In Second Trial, Ex-Goldman Sachs Programmer Convicted of Code Theft

Posted by timothy on Saturday May 2, 2015 @04:26PM from the ok-that-information-did-not-want-to-be-free dept.

Ars Technica reports that A former Goldman Sachs programmer—featured in the book Flash Boys—was convicted on Friday for stealing high-speed trading code from the bank. Sergey Aleynikov, 45, was also acquitted on one count of unlawful duplication, according to Reuters. The New York state jury could not come to a verdict on another count of unlawful use of secret scientific material. Sergey Aleynikov was also acquitted of unlawful duplication. This was the second trial for Aleynikov in five years. He could face up to four years in prison.

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It's not really about the code... by Anonymous Coward · 2015-05-02 16:48 · Score: 0, Troll

It's about the methods...
These asshole companies have special software to make high frequency trades and basically rob the system. And if everyone else has that ability ... they lose profits! OMG!