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Goldman Sach Programmer Case Will Head to Appellate Court
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Goldman Sachs programmer

Summary: After beating federal and state prosecutors, Russian born American citizen Sergey Aleynikov will head back to court to continue to fight criminal charges.

The former Goldman Sachs programmer case has yet to end. After a judge ruled against a jury’s conviction of Sergey Aleynikov, the district attorney’s office for Manhattan will appeal that ruling. Aleynikov has been accused of stealing high-speed trading source code from Goldman Sachs when he was a programmer for them in 2009.

  
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Aleynikov has faced several charges for this incident. His first charge was thrown out by a federal appeals court in 2012. Months later he was indicted for different state criminal charges. The jury in this case convicted him after over a week of deliberation with one count. The jury acquitted him on another charge and deadlocked on the third charge.

Justice Daniel P. Conviser overturned the jury’s verdict a few weeks later, stating that the statute which Aleynikov was charged under did not apply to what he was accused of doing when he used copies of the trading code from Goldman. Conviser suggested that the DA’s office get lawmakers to change the law to cover what Aleynikov did.

Aleynikov’s lawyer, Kevin Marino, has been highly critical of the DA’s office and Mr. Cyrus R. Vance Jr. He claims that Vance is doing the bidding of Goldman Sachs and is not representing himself or his office in a good light. Marino continues by saying the case should have been a civil issue between Aleynikov and Goldman, not a criminal case.

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Source: http://www.nytimes.com/2015/07/28/business/dealbook/manhattan-das-office-appeals-goldman-programmer-case.html?ref=dealbook&_r=0

Photo: vanityfair.com





 

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