High-Speed Traders Stole Software, NY Prosecutors Say

Law360, New York (August 26, 2013, 1:40 PM ET) -- Two former Flow Traders US LLC traders have been charged in New York state court with stealing the firm’s proprietary trading software, prosecutors said Monday, continuing a crackdown on alleged Wall Street source code theft.

Manhattan District Attorney Cyrus Vance Jr. launched separate complaints charging Jason Vuu and Glen Cressman with unlawful duplication of computer-related material and unauthorized use of secret scientific material. On seven occasions between August 2011 and August 2012, Vuu sent files from his work email account to his personal email account containing...
To view the full article, register now.