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Ex-Goldman worker in theft charge | Ex-Goldman worker in theft charge |
(20 minutes later) | |
A former worker for Goldman Sachs, Russian programmer Sergey Aleynikov, has been released on bail in the US, charged with "theft of trade secrets". | |
He has been accused of misusing computer codes owned by a former employer, unnamed in court papers but reportedly Goldman Sachs. | |
Mr Aleynikov was released on Monday, having met the $750,000 bail (£463,000) after his arrest by the FBI on Friday. | |
He left his job at Goldman, where he earned $400,000 a year, in June. | |
A transcript of Mr Aleynikov's attendance before a US magistrate on Saturday showed that he worked for Goldman Sachs. | A transcript of Mr Aleynikov's attendance before a US magistrate on Saturday showed that he worked for Goldman Sachs. |
The FBI arrested Mr Aleynikov, 39, as he disembarked from a flight in Newark on Friday, according to FBI documents. | |
Proprietary information | |
Sabrina Shroff, Mr Aleynikov's lawyer, said her client did not plan to sell the information or use it "contrary to my employment agreement with Goldman Sachs". | |
The case has raised issues about how safe such lucrative trading systems are. | |
As well as the $750,000 bond required as part of the bail, Mr Aleynikov was required to deliver $75,000 in cash and hand over travel documents. | |
Mr Aleynikov is accused of using proprietary information and uploading it to a computer based in Germany. | |
He argued that he had only meant to use open-source computer files, as opposed to propriety information, but later "realised that he had obtained more files than he intended", FBI court papers stated. |