Futures Trader Charged by U.S. With Stealing Firm Secrets
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Futures trader David Newman was indicted by a U.S. grand jury for allegedly stealing hundreds of thousands of computer files from his former firm, only to quit days after getting his annual bonus.
Newman, 32, worked at WH Trading LLC, his lawyer, Thomas Leinenweber, said in a telephone interview. According to an indictment returned yesterday in Chicago, Newman secretly downloaded from the firm more than 400,000 files containing computer source code and programs. The indictment doesn’t name the firm.