Bail set at $750,000 for ex-Goldman programmer

clipped from

NEW YORK (Reuters) – A former Goldman Sachs computer programer accused of stealing secret trading codes from the investment bank was being held in federal custody on Monday, pending the posting of $750,000 bail.

Sergey Aleynikov, 39, was ordered by U.S. Magistrate Kevin Nathaniel Fox in Manhattan on Saturday to post a $750,000 personal recognizance bond to be secured by three financially responsible people.

The bond also was to include $75,000 in cash, and Aleynikov was ordered to surrender his passport.

Aleynikov, a Russian immigrant living in New Jersey, was arrested on Friday night by FBI agents at Newark Liberty International Airport after returning from Chicago, according to court documents.

He is accused of “theft of trade secrets” related to computer codes used for automated stock and commodities trading at an unspecified financial institution.

A Goldman representative declined to comment on Monday. A lawyer for Aleynikov, Sabrina Shroff, also declined to comment.

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