Former hedge fund researcher pleads guilty to helping colleague hide trade-secret thefts

Chicago Tribune – A former researcher with Chicago-based Citadel LLC pleaded guilty today to helping a colleague try to hide personal computers that had been used to steal trade secrets from the giant hedge fund’s high-speed automated trading system.

Sahil “Sonny” Uppal, 26, of New Jersey, had been scheduled to go to trial next month in federal court in Chicago, but he pleaded guilty to one count of obstruction of justice just days after co-defendant Yihao “Ben” Pu entered a guilty plea to charges he stole trade secrets. Under federal sentencing guidelines, Uppal faces up to 16 months in prison at his sentencing in November.

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