Ex-CME Programmer Accused Of Stealing Source Code

Law360, New York (September 28, 2011, 7:09 PM EDT) -- An Illinois federal grand jury on Wednesday indicted a former CME Group Inc. senior software engineer for stealing proprietary source code from the global exchange operator while planning to start a business to increase trading on a futures exchange in China.

Chunlai Yang was charged with two counts of trade secret theft in federal court in Chicago, U.S. Attorney Patrick J. Fitzgerald said Wednesday.

Yang, who was arrested in July before being released on a $500,000 secured bond, allegedly downloaded more than 1,000 files of CME...
To view the full article, register now.