Mikhail Malyshev, former head of Citadel Investment Group's high-frequency trading team, is in trouble deep. He has been indicted for perjury and was freed on $100,000 bail. Malyshev lied about destroying evidence in an affidavit and testimony in a lawsuit accusing him and two other former employees of violating a non-compete agreement.
Malyshev departed Citadel to found Teza Technologies, a high-frequency trading firm. He admitted in testimony that he destroyed incriminating evidence on his computer after first denying doing so on purpose. He said he scrubbed his computer for a few minutes to remove pornography, but evidence proved he scrubbed for two hours. At that point, Malyshev broke down and admitted what he did.
Malyshev will return to court on April 7 to face the two counts of perjury.
