Ex-Citadel employee sentenced to three years for data theft

Bloomberg reports:

A former Citadel LLC employee who admitted stealing data from the Chicago-based investment firm as well as high-frequency trading computer code from a New Jersey company was sentenced to three years in prison.

Yihao “Ben” Pu, who was charged in 2011, pleaded guilty in August to stealing proprietary information from Citadel in 2011 and to an earlier theft of trade secrets from Red Bank, New Jersey-based Tradeworx Inc.

Read more on Crain’s.  You can find the AP’s coverage of the sentencing here.

About the author: Dissent

Comments are closed.