A FORMER GOLDMAN SACHS computer programmer was sentenced to eight years in prison on Friday because he stole high frequency trading software for his new employer.
Perhaps the only person from Goldman Sach's to be convicted for stealing despite the biggest banking heist in history, Sergey Aleynikov was arrested by the Federal Bureau of Investigation in July 2009 for removing the code. He took the code just before he left Goldamn Sachs and started his new job.
According to Reuters, Aleynikov was a one time collegiate-level competitive ballroom dancer but he didn't have fancy enough legal moves and was convicted after a two-week jury trial in Manhattan federal court. As well as being sentenced to eight years in prison, he also has to pay a $12,500 fine.
When he was sentenced Aleynikov said, "I very much regret the foolish thing of downloading information. Part of this information was proprietary to Goldman. I never meant to cause Goldman any harm or harm anyone at the bank."
No doubt Goldman Sachs employees feel the same way about the vast number of people whose lives have been ruined by the financial meltdown that occurred after those banksters decided to gamble irresponsibly with astronomical leverage, set up their own clientele for massive financial losses, game the US financial and political systems, and get bailed out by the taxpayers. µ
For all the firm's hits there have been plenty of misses
Oracle founder has almost literally all the money in the world. But what does he spend it on?
Built-in cigarette lighter? Yes please
Kaspersky warns against charging via PCs, Macs and public charging stations