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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 having been charged with "theft of trade secrets". 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, which was not named in court papers but is reportedly Goldman Sachs. 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. 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, where he earned $400,000 a year, at Goldman in June. 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 as he disembarked from a flight in Newark on Friday, according to FBI documents . 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.