US charges man with stealing US Treasury source code

19 Jan 2012

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An employee of a US government contractor who worked at the Federal Reserve Bank of New York is facing charges of stealing computer source code used by the US Treasury Department to track federal collections and payments.

A Chinese citizen Bo Zhang, 32, a computer programmer working for a technology company, was assigned to work on source code at the Federal Reserve from May 2011 until August 2011, the US said in a criminal complaint unsealed today in federal court in New York.

Prosecutors said the software system related to the tracking of the billions of dollars that were electronically transferred every day in the US's general ledger.

Another person, cited by

Bloomberg, reported that Zhang had been in the US on a work visa since 2000. He had worked earlier at Goldman Sachs Group Inc and Bank of America Corp.

US magistrate judge James Cott agreed on releasing Zhang on a $200,000 bond secured by a condominium located in the Flushing, Queens, section of New York City and ordered that Zhang turn over all of his travel documents and restrict his movements to parts of New York and to New Jersey, where his lawyer said his client worked. The judge has set the next court appearance for 17 February.

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