I was working at one of the rival HFT's mentioned in the article when all this went down. I had some thoughts. -It's never ok to take proprietary code with you after quitting. I don't know anybody that would have thought that was OK, especially with the amount of money people were making off this IP in 2008. Of course that's true in any industry, but especially in trading. -That said, you can't just walk out the door…
I agree- it's not okay to take proprietary code. But criminal charges and an 8 year sentence? Totally disproportionate.
.. man this sounds like some mafia.