Hedge Fund News From HedgeCo.Net


Arrest Over Software Illuminates Wall St. Secret

New York Times – Criminal and civil charges against a former Goldman Sachs employee offer a glimpse into the turbulent world of ultrafast computerized stock trading, Alex Berenson wrote in The New York Times.

Flying home to New Jersey from Chicago after the first two days at his new job, Sergey Aleynikov was prepared for the usual inconveniences: a bumpy ride, a late arrival. He was not expecting Special Agent Michael G. McSwain of the F.B.I.

At 9:20 p.m. on July 3, Mr. McSwain arrested Mr. Aleynikov, 39, at Newark Liberty Airport, accusing him of stealing software code from Goldman Sachs, his old employer.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply