Ex-Goldman Programmer Sergey Aleynikov May Be Released From Prison

In July 2009 Sergey Aleynikov was accused of stealing programming algorithms from Goldman Sachs and leaking it on the Internet. Aleynikov had been in prison for the past year at the Ft. Dix federal prison in New Jersey. However the U.S. Circuit Court of Appeals in Manhattan had reversed his conviction and entered a judgment of Acquittal. Aleynikov may be heading home soon. Originally Aleynikov was sentenced to 8 years in prison.

Aleynikov left Goldman Sachs as a computer programmer in June 2009 to take a job with Teza Technologies. After leaving, he was accused of taking computer source code from Goldman Sach’s high frequency trading program. Goldman SAchs said that this code was so fragile that it could harm financial markets.

Aleynikov is a dual Russian and U.S. citizen. He showed up to court on every occasion and had cooperated with authorities when they showed up to his home before he even had legal counsel. He turned over his personal computers in his home and answered the FBI’s questions. Aleynikov claimed that he was innocent throughout his hearing, but he never denied taking computer code.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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