Home -> Law Blog Directory -> Criminal Law Blogs -> Crime & Federalism

Criminal Law

: Crime & Federalism

Joseph Facciponti Lied at Aleynikov Bail Hearing

Sergey Aleynikov allegedly stole some software from Goldman Sachs.  While on the job, Aleynikov, a former quant at Goldman Sachs, would allegedly downlownd Goldman's software.  Assistant United States Attorney Joseph Facciponti is prosecuting Aleynikov for theft of trade secrets.  At Aleynikov's bail hearing, Facciponti argued that Aleynikov should not be released on bail.  Yes, this is a trade secrets and not a murder prosecution. In oral argument before Magistrate Judge Kevin N. Fox, Facciponti stated:If this code is allowed to go to a competitor or to an entity that is not necessarily legal but can start trading with this, the bank itself stands to lose its entire investment in creating this software to begin with, which is millions upon millions of dollars...continue to full post

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