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Judge denies bail for ex-trader accused of code theft
From: InfoSec News <alerts () infosecnews org>
Date: Mon, 26 Apr 2010 00:39:45 -0500 (CDT)
http://www.computerworld.com/s/article/9175959/Judge_denies_bail_for_ex_trader_accused_of_code_theft?taxonomyId=17 By Jaikumar Vijayan Computerworld April 23, 2010 A federal judge in New York has denied bail to a former trader at Societe Generale who was arrested earlier this week for allegedly stealing proprietary computer code used in a high-speed trading system. U.S. Magistrate Judge Michael Dolinger ordered Samarth Agrawal, 26 to remain jailed, citing flight risk concerns if Agrawal were to be released on bail. Agrawal has been in custody since Monday when he was arrested on one count of theft of trade secrets. If convicted, Agrawal, who is a native of India, faces a maximum of 10 years in prison. Agrawal is the second individual to be nabbed in the past year for attempting to steal proprietary information involving high-speed trading systems. Last July, Sergey Aleynikov, a software developer working for Goldman Sachs, was arrested on charges that he stole 32 megabytes of proprietary code used in the company's high-speed, high-volume trading system. [...] _______________________________________________ Best Selling Security Books and More! Shop InfoSec News http://www.shopinfosecnews.org/
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