Ex-Citadel Engineer Stole Trade Systems Data: Feds

Law360, Chicago (October 13, 2011, 2:16 PM EDT) -- A former computer engineer for Citadel LLC was arrested Wednesday in Illinois for allegedly stealing proprietary information related to the financial firm's trading systems as part of a plan to launch his own hedge fund in China.

Yihao Pu, 24, acted "with the intent to convert trade secrets," according to an affidavit to the criminal complaint prosecutors lodged under seal Tuesday. The defendant was charged with theft of trade secrets and was slated to remain in federal custody pending a detention hearing Friday morning.

The criminal...
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