Five Dumbest Things on Wall Street: July 10

Goldman's Not So Golden Boy

Sergey Aleynikov's dream was to be a big-shot trader. Turns out he may have traded away a lucrative career at Goldman Sachs(GS Quote) for a prison cell.

Aleynikov, who was paid $400,000 a year as a computer programmer for the investment bank, was arrested by the FBI July 3 and charged with "theft of trade secrets." Specifically, the 39-year old Russian immigrant is accused of stealing codes used for Goldman's highly sophisticated, rapid-fire stock and commodities trading and then uploading them to a computer server in Germany. He was released Monday after meeting his $750,000 bail.

Aleynikov told authorities his plan was merely to gather "open source" files on which he had worked, but he "later realized that he had obtained more files than he intended," according to an FBI affidavit filed in the case. Goldman declined to comment, but a Reuters source said the firm was unharmed by the computer breach. ...