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More on David Viniar's Statment Regarding Goldman Sachs v. Sergey Aleynikov

Sergey Aleynikov, a former Goldman Sachs employee, allegedly stole software from Goldman Sachs that, according to Goldman Sach's lawyer, Assistant United States Attorney Joseph Paul Facciponti, "could [be] use[d] it to manipulate markets in unfair ways."  In a bail hearing held before Magistrate Judge Kevin N. Fox, Facciponti said that the software would cauue Goldman?s ?profit margin [to be] be eroded.?  According to Facciponti, Goldman faced damages in the ?millions upon millions of dollars.? On Tuesday, July 14, 2009, Goldman Sach's Chief Financial Officer, David Viniar, stated: ?We still have all of the code.  It is not like the code had been lost to Goldman Sachs. And even if it had been, it is a small piece of our business.?  What is going on?It could be that Facciponti commited fraud on the Court...continue to full post

Full post as published by Crime & Federalism on July 15, 2009 (boomark / email).