Look at this guy...
Even though he made $400,000 a year, he stole Goldman Sachs' high-frequency trading code.
Or did he?
The FBI thought so (and arrested him).
Here's the crazy story:
Even though he made $400,000 a year, he stole Goldman Sachs' high-frequency trading code.
Or did he?
The FBI thought so (and arrested him).
Here's the crazy story:
Sergey Aleynikov is a former computer programmer who worked at Goldman Sachs from 2007 to 2009.
youtube.com
youtube.com
In 2009, Aleynikov was arrested by the FBI at Newark Liberty International Airport.
He was stealing proprietary source code from Goldman Sachs.
youtube.com
He was stealing proprietary source code from Goldman Sachs.
youtube.com
He was accused of copying thousands of files and hundreds of thousands of lines of Goldman's high-frequency trading code.
Aleynikov was first prosecuted in federal court, where he was convicted in 2010.
The crazy part?
His conviction was overturned on appeal in 2012.
The crazy part?
His conviction was overturned on appeal in 2012.
After the federal case was dismissed, he was prosecuted again.
This time by the New York State Attorney's Office.
He was convicted in 2015, again.
He had that conviction overturned in 2016.
This time by the New York State Attorney's Office.
He was convicted in 2015, again.
He had that conviction overturned in 2016.
In 2018, Aleynikov was sentenced to time served in the state case, with the judge citing the "appalling abuse of power" by prosecutors who pursued the case for years.
His case inspired Michael Lewis's 2014 book "Flash Boys", which explored the world of high-frequency trading on Wall Street.
If you liked the story, repost for your network to see:
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Python.
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pyquantnews.com
Python.
Most people don't know this, but it's how I made my first $1,000 trading, which kicked off a (profitable) 12+ year career.
Here's a free crash course to get started:
pyquantnews.com
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