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Goldman Sachs ex-employee arrested by FBI

Goldman Sachs ex-employee arrested by FBI

Tuesday 7th July 2009

A former employee of Goldman Sachs has been arrested by the Federal Bureau of Investigation (FBI) and released on bail over accusations he stole secret codes.

Sergey Aleynikov, 39, a Russian programmer, had been accused of misusing computer codes owned by a former employer, reportedly Goldman Sachs.

He was arrested on Friday and charged with the theft of trade secrets, but met the terms of his £465,000 bail and was released yesterday.

His lawyer Sabrina Schroff, said her client did not plan to sell the information or use it "contrary to employment agreement with Goldman Sachs".

Mr Aleynikov, who earned $400,000 (£246,000) a year at Goldman Sachs, is a Russian immigrant living in New Jersey. He was arrested at Newark Airport on Friday night.

A preliminary hearing is scheduled for August 3rd.
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