Friday, September 19, 2025

Quant Prosecuted for Stealing Source Code from Headlands Has SDNY Trial Set for July 13


by Matthew Russell Lee, Patreon Book Substack

SDNY COURTHOUSE, Sept 12 –  Back in January prosecutors announced an Indictment charging CHEUK FUNG RICHARD HO with theft and attempted theft of trade secrets.  The charges in the Indictment arise from HO’s alleged scheme to steal trade secrets from his former employer, a global quantitative trading firm. That firm is Headlands.  

On September 12 Ho was before U.S. District Court for the Southern District of New York Judge Jannette A. Vargas. Inner City Press was there, and live tweeted:

Judge: Where are we on discovery? 

AUSA: We've seized the AWS files of Mr. Ho's firm, 15 TB. 

Judge: Can you do AI search? 

AUSA: We don't currently have that capability. But we think a June 2026 trial is doable

Ho's Skadden lawyer: My client says he wrote the source code. All we have ftom the Government is 61 snippets 

Judge: A 3 week trial is set is set to start July 13.

The case is USA v. Ho, 1:25-cr-3 (Vargas)

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