New York Paralegal Blog

Manhattan District Attorney Cyrus R. Vance, Jr., today announced the arrest and arraignment of SERGEY ALEYNIKOV, 42, on a felony complaint charging him with accessing and duplicating a complex proprietary and highly confidential computer source code owned by Goldman Sachs, a New York-based financial institution.

Preet Bharara, the United States Attorney for the Southern District announced that RAJAT K. GUPTA, former corporate chairman of an international consulting firm, and a member of the Boards of Directors of The Goldman Sachs Group, Inc. (“Goldman Sachs”) and the Procter & Gamble Company (“P&G”), was found guilty today by a jury in Manhattan federal court of conspiracy and securities fraud crimes stemming from his involvement in an insider trading scheme with his business partner and friend, Raj Rajaratnam, the founder and former head of the Galleon Group.

By ADAM KLASFELD MANHATTAN (CN) - A federal judge warned defense attorneys for former Goldman Sachs board member Rajat Gupta that they could not beat insider trading charges by trumpeting their client's history of philanthropy any more than Mother Teresa could use her missionary work to fend off bank robbery charges.

PREET BHARARA, the United States Attorney for the Southern District of New York, announced that SERGEY ALEYNIKOV, a former computer programmer at Goldman Sachs & Co. (“Goldman Sachs”) was sentenced today in Manhattan federal court to 97 months in prison for stealing valuable, proprietary computer code of Goldman Sachs. A jury in Manhattan federal court previously found ALEYNIKOV guilty on December 10, 2010, of theft of trade secrets and interstate transportation of stolen property charges. U.S. District Judge DENISE L. COTE imposed the sentence on ALEYNIKOV. Manhattan U.S. Attorney PREET BHARARA said: “Protecting the proprietary information of America’s companies is critically important. Today’s sentence sends a clear message that professionals like Sergey Aleynikov who abuse their positions of trust to steal confidential business information from their employers will be prosecuted and punished.”