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Ex-Goldman worker in theft charge | Ex-Goldman worker in theft charge |
(about 1 hour 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". | 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. | 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 at Goldman, where he earned $400,000 a year, 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. |
Goldman Sachs said it did not comment on former employees. | Goldman Sachs said it did not comment on former employees. |
The FBI arrested Mr Aleynikov, 39, 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 | 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". | 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. | 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. | 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. | 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. | 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. |
According to the court documents Mr Aleynikov "shall not access the computer data that is the subject of this criminal action". | |
As well as the accusation of stealing "trade secrets", the documents from the Southern District of New York court cite a "scheme to defraud" as one of the complaints made against Mr Aleynikov. |