KC Fed's former lead programmer admits stealing code

The former lead programmer for the Federal Reserve Bank of Kansas City has pleaded guilty to stealing government-owned software code.

Hamid Reza Tahmasebi is scheduled to be sentenced in July, and his plea agreement stipulates he must pay the government $246,433 in restitution. He could face fave years of probation, according to the Kansas City Business Journal.

Tahmasebi admitted that at the end of his almost 16-month employment, he uploaded large amounts of sensitive information to his personal Google Drive account. The Fed developed the code as fiscal agent for the U.S. Department of the Treasury, which owned the code.

Read more from the Kansas City Business Journal.