CHICAGO —(ENEWSPF)–June 5, 2017. A Chicago trader has been sentenced to a year and a day in federal prison for stealing his employer’s proprietary trading code.
Over a five-month period in late 2013 and early 2014, DAVID J. NEWMAN downloaded and stole all of the proprietary computer code and trading software belonging to his employer, Chicago-based WH Trading LLC. Newman downloaded more than 400,000 electronic files to multiple USB thumb drives. He resigned from the…
