Court Rules Software Not Protected By Fed Crime Laws, Overturns Conviction
of Goldman Engineer | TechCrunch
The appellate court for the Second Circuit released an opinion on Thursday
finding that the HFT source code did not fit within the scope of the
National Stolen Property Act (“NSPA”), which makes it a crime to transport
or transmit stolen goods, wares, or merchandise. The court concluded that
Aleynikov did not steal physical “goods” per se, but rather, software code
which was “purely intangible property embodied in a purely intangible
format.”


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