Boston: Samarth Agrawal who is 27years old. he is Indian Origin working as trader at Societe Generale (SocGen), Where he has been called to three years in prison because of he stealing trade secrets at the French investment bank.
A jury found Indian origin Samarth Agrawal is convicted in stealing of Proprighted Computer code. This code is used in the SocGen High - Frequency trading business.
Samarth Agrawal is caught by cameras of printing the "hundreds of pages" of a computer code that is SocGen had developed and "stashing the printouts in backpack". This code and its related traiding programmes are created millions of dollars in profits for SocGen.
U.S. District Judge Jed Rakoff said to Agarwal recite for three years imprisonment in New York and after release from prison he is monitored. May be Agarwal sent back to India after the release from prison.
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