NY Federal Reserve Bank Source Code Thief Sentenced to Six Months of House Arrest

Bo Zhang pleaded guilty to the charges brought against him

By on December 5th, 2012 14:08 GMT

In January, we learned that 32-year-old Chinese national Bo Zhang was the main suspect in the case of the source code theft from the Federal Reserve Bank of New York. Prosecutors stated that the code he stole was worth around $9.5 Million (€7.4 Million).

Zhang pleaded guilty to stealing proprietary software back in May. Now, he has been sentenced to six months of house arrest and three years of supervised release, Finextra reports.

Prosecutors tried to get him an 18-month prison sentence, but the judge argued that the software hasn’t been given to anyone else and it’s still utilized by the Federal Reserve Bank.

Zhang might be deported back to China.

The source code copied by the man is the one of the Government-Wide Accounting and Reporting Program, a piece of software used to keep track of the US government’s finances.

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