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Ex-Goldman programmer's code theft conviction reinstated by New York court

Published 01/24/2017, 02:03 PM
Updated 01/24/2017, 02:20 PM
© Reuters. Former Goldman Sachs computer programmer Aleynikov waits to appear in Manhattan Criminal Court at New York
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NEW YORK (Reuters) - A New York state appeals court on Tuesday reinstated the criminal conviction of former Goldman Sachs Group Inc (N:GS) programmer Sergey Aleynikov for stealing computer code from the bank as he prepared to jump to a high-speed trading start-up.

The Appellate Division in Manhattan said the evidence at Aleynikov's second trial "was legally sufficient to establish defendant's guilt of unlawful use of secret scientific material."

A jury had convicted Aleynikov in May 2015, but that verdict was overturned two months later, prompting an appeal by Manhattan District Attorney Cyrus Vance.

In a statement, Vance said the appeals court correctly recognized that "the theft of intellectual property is indeed a crime prohibited by law in New York State, regardless of the physical means used to spirit the data away from its source."

© Reuters. Former Goldman Sachs computer programmer Aleynikov waits to appear in Manhattan Criminal Court at New York

Kevin Marino, a lawyer for Aleynikov, was not immediately available for comment.

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