Ex-Goldman Programmer on Trial in NYC
NEW YORK - JULY 24: Financial professionals work in the Goldman Sachs booth on the floor of the New York Stock Exchange at the end of the trading day at the July 24, 2009 in New York City. The Dow Jones Industrials ended the week above 9000 as tentative optimism about the state of the economy send stocks skyward. (Photo by Chris Hondros/Getty Images)
Updated at 3:30 PM EST on Tuesday, Nov 30, 2010
A former Goldman Sachs computer programmer has gone on trial in New York on charges he stole the company's trade secrets to boost the capabilities of a rival firm that hired him.
A prosecutor told a jury Tuesday in federal court in Manhattan that Sergey Aleynikov knew exactly what he was doing when he downloaded some of Goldman's secret computer codes just before he left the company.
A defense lawyer for Aleynikov said his client violated company rules by downloading information but committed no crime because he never intended on using any information that belonged solely to Goldman.
The FBI arrested Aleynikov last July, shortly after he left Goldman.
Published at 3:19 PM EST on Nov 30, 2010
Copyright Associated Press / NBC New York