Four years ago, I wrote a small post about a Russian programmer called Sergey Aleynikov. He allegedly has stolen some of Goldman’s HFT source code.
He switched from Goldman to a Chicago based hedge fund. Arrested and prosecuted for taking some source code with him, he was sentenced to eight years in federal prison. Unbelievable.
Michael Lewis, author of Liar’s Poker, has done some research and investigated the matter for Vanity Fair. Conclusion is Goldman Sachs has gone too far. The FBI nor the Jury had any clue what Aleynikov had done, exactly. Worse, now Goldman is chasing him again. Doesn’t make them look pretty.
It’s definitely a good read for the weekend :