Ex-Goldman Convict
Court Overturns Conviction of Ex-Goldman Programmer
A federal appeals court reversed the conviction late Thursday of Sergey Aleynikov, a former Goldman Sachs programmer found guilty of stealing proprietary code from the bank’s high-frequency trading platform.
The United States Court of Appeals for the Second Circuit overturned the conviction and ordered the trial court to enter a judgment of acquittal. A judgment of acquittal generally bars the government from retrying a defendant.
The appeals court ruling came just hours after a three-judge panel heard oral arguments on Mr. Aleynikov’s appeal. Mr. Aleynikov, who was convicted in December 2010, is serving an eight-year sentence at a federal prison in Fort Dix, N.J.
“We are pleased and gratified that the court of appeals has roundly rejected the government’s attempt to rewrite the federal criminal laws,” said Kevin Marino, Mr. Aleynikov’s lawyer. “Mr. Aleynikov spent a year in prison and suffered many other losses as a result of these unjust charges, but he never lost faith in his ability to win an acquittal. This is a wonderful day in his life.”
Full article here:
This is the product of backchannel dealmaking with Putin. We let him go, they throw in some support for the Iran effort. Watch this hit the news in a decade.
If you do research for a company, you get a paycheck and academic credit but the research is typically the company's property, depending on the contract. Computer code is the same. This will go before the Supreme Court eventually.
It's not a strategic proposition for Russia to support the Iran effort. The increased price of crude oil, especially Urals which is the closest to Iranian crude, only stands to benefit the Russian economic and political clout which stands to make up to $100 million a day in extra government revenue. Especially when Putin is aiming to strengthen his re-election campaign.
This raises an interesting question though. When I leave my practice, can I actually get into trouble for keeping all of the decks and deliverables I've produced? I definitely want to leverage my past work in the future...
Dudes career is still over.
yea, true, but this guy is pretty damn smart...I would venture to say that he could probably make a killing trade his own account.
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