27-Year Old Samarth Agrawal To Spend 3 Years In Prison For Stealing SocGen's High Frequency Code

• Courtney Comstock
 
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• Mar. 1, 2011, 9:56 AM
• 11,076

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Samarth Agrawal was sentenced to three years for stealing SocGen's proprietary high frequency trading algorithms yesterday, making him the first person to be convicted of stealing high frequency code.

The government calculated the loss of the code to cost SocGen $9.58 million, and requested that he be jailed for 63 to 78 months.

But Agrawal's character convinced the judge that he deserved less.

The character references that worked Agrawal's favor, according to Courthouse News:

• He prays to a picture of his mother and grandfather in his cell and "feels remorse on a level that I have never known."
• Agrawal spoke about the pain he caused his parents
• He said he felt "shame" that he acted alone, under nobody's supervision.
• "What do you do when there is no light? When there is complete darkness? That's your character," Agrawal said.

He's sentenced to spend three years in jail.

Tower Research Capital, where Agrawal was headed, said they couldn't even use the code. 

Click here to read how Agrawal got caught and here to read about the other things he said in his defense.

Earlier: The next Sergey Aleynikov? SocGen trader arrested for stealing code

Mi experiencia trabajando con indios

En general son gente muy estupida, creen saberlo todo, no escuchan, tiene mala educación y son muy sucios por no decir cerdos,

La realidad es que hay excepciones, pero en general son gente ruda, maleducada, sucios, groseros, egoistas, tienen complejo de superioridad,

porque los hindues no se bañan,

porque los hinudes apestan

porque los hindues son hoscos

porque los hindues son cerdos

*******************************

In general they are very stupid people, they think they know everything, they don't listen, they have bad manners and they are very dirty not to say pigs,



The reality is that there are problems, but in general they are rude, rude, dirty, rude, selfish people, they have a superiority complex,



because Hindus don't bathe,



because the hindu stinks



because Hindus are sullen



because the Hindus are pigs