“Sergey Aleynikov, the former Goldman Sachs programmer who had a conviction for stealing the bank's propriety HFT code overturned is back on trial on charges related to the same incident.
Aleynikov was found guilty by a Manhattan jury in December 2010 of federal criminal charges relating to the theft of trade secrets and interstate transportation of stolen property. However, after serving little more than a year of his 97 month sentence, a US Appeals Court overturned the conviction.
Yet a State judge quickly ruled that double jeopardy does not apply and that New York prosecutors could make their own case against the Russian-born programmer because the charges are different. Aleynikov now faces a second prison term of between 18 months and four years, if convicted.”
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