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    NY appeals court orders NJ programmer's acquittal

    NEW YORK (AP) — A smiling former Goldman Sachs programmer has been freed after a surprise ruling from a federal appeals court that reversed his conviction on charges he stole computer code.

    Sergey Aleynikov (SUR'-gay uh-LAY'-nih-kawf) says he "jumped all over the place" when he saw an email from his lawyer at 6 a.m. Friday. The email informed him that the 2nd U.S. Circuit Court of Appeals in Manhattan had reversed his conviction.

    The reversal came less than a day after his lawyer told a three-judge panel that Aleynikov was wrongly convicted. The 42-year-old North Caldwell, N.J., man had already served a year of a more-than-eight-year prison sentence.

    He said outside court that he looked forward to seeing his family, including his 8-, 6- and 3-year-old daughters.

     

    4 comments

    • Vasili  •  Chelsea, Massachusetts  •  3 mths ago
      If you read the case, you'll understand why people left the stock market. Who benefits from HFT trading?
      • Patrick F 3 mths ago
        Whomever owns the machines doing HFT stand to benefit a lot. People-based trading can't compete with them.
    • John Farmer  •  Plainfield, Indiana  •  3 mths ago
      He said "I never meant to cause Goldman any harm, and I haven't acted with malice to anyone at the bank. but now that I'm free I'M COMING AFTER YOU SOB's"
    • Anonak  •  Gambrills, Maryland  •  3 mths ago
      How about how these large banks stole from us? Oh wait I forgot, the banks are not subject to the same laws we are. They are the law!
    • Underwhelmed  •  Fort Lauderdale, Florida  •  3 mths ago
      Looks like legislating from the bench.
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