) -- Sergey Aleynikov, the former

Goldman Sachs

(GS) - Get Report

computer programmer, stole highly valuable computer code the bank uses in its trading operations, a jury decided Friday, according to



The 40 year old Russian immigrant who is now a U.S. citizen, was found guilty under the Economic Espionage Act, and now faces a sentence of up to 10 years, according to the report, which says his sentencing is scheduled for March 18.

According to published reports, federal authorities accused Aleynikov of uploading Goldman's proprietary high-frequency trading code into a server in Germany at the time he was leaving the investment bank for Chicago start-up, Teza Technologies. The charges alleged that Aleynikov planned to use the code to benefit his new employers.


Written by Dan Freed in New York


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