He is also expected to be deported from the United States. District Court in Manhattan, faces up to five years in prison when he is sentenced on February 24. The panel heard testimony during the two-week trial that he planned to use the code to help build a high-frequency trading system at a new job with Tower Research Capital LLC hedge fund in April.Īgrawal, who looked solemn when the verdict was announced in U.S. NEW YORK (Reuters) - A former Societe Generale trader, who surprisingly admitted at trial that it was wrong for him to have copied the French bank’s speed-trading computer code, was convicted of trade secrets theft on Friday.Ī New York jury took two hours to return the verdict against Samarth Agrawal, 27, a citizen of India.
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