United States v. Agrawal

Judge POOLER concurs in part and dissents in part in a separate opinion.

REENA RAGGI, Circuit Judge:

Defendant Samarth Agrawal was entrusted by his former employer, the French bank Société Générale (“SocGen”), with access to confidential computer code that the bank used to conduct high frequency securities trades. Agrawal abused this trust by printing the code onto thousands of sheets of paper, which he then physically removed from the bank’s New York office to his New Jersey home, where he could use them to replicate SocGen’s trading systems for a competitor who promised to pay him hundreds of…