The purported theft of a Goldman Sachs trading platform by Serge Aleynikov threatens to cost it millions of dollars, Reuters reported, citing a court hearing, but so far the bank has not reported damage to its business. If the stolen information, or trading code, is allowed to go to a competitor who can start trading with it, “the bank itself stands lose its entire investment in creating this software to begin with, which is millions upon millions of dollars,” US prosecutor Joseph Facciponte warned at a hearing on Saturday.

This entry was posted by Stacy-Marie Ishmael on Wednesday, July 8th, 2009 at 4:11 and is filed under Capital markets, People. Tagged with goldman sachs, Serge Aleynikov. Edit this entry.