Original URL: http://www.theregister.co.uk/2003/04/10/hoaxster_hacker_discovers_infinitewealth_algorithm/
Hoaxster hacker discovers infinite-wealth algorithm
Pennies from Heaven
Posted in Business, 10th April 2003 09:21 GMT
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Hacker stunt-double and convicted financial fraudster Kim Schmitz (aka Kimble) (http://www.kimble.org) is up to his old tricks, this time with a package of techno trickery for making a killing in the stock market. To satisfy the dreams of instant fortune common to those who believe in fairy tales, he's devised an "AI-based decision system" for share trading which scientifically "selects the optimal combination of trading strategies for current market conditions".
It's called Trendax (http://www.trendax.com/htmlindex.html), "the money-making machine," and it "uses a complex combination of sophisticated technical analysis, real-time content analysis of news feeds, multi-dimensional statistical analysis and advanced proprietary mathematical techniques," we're told.
If the technobabble alone isn't enough of a clue, we might recall that only last Summer a Munich court rewarded Schmitz with a twenty-month suspended
sentence for running a stock manipulation scam (http://www.theregister.co.uk/content/archive/23780.html) called Kimvestor expected to net him something in the range of $1.5 million.
Also at around that time, he'd been promoting his name and his scheme with the creation of a 31337 hacker crew called YIHAT (http://www.theregister.co.uk/content/archive/22183.html) (Young Intelligent Hackers Against Terrorism), which claimed to have penetrated Osama bin Laden's bank accounts and to be on the verge of locating him.
Undaunted by his near-jail experience, Schmitz has brought his enviable knowledge of computer science to bear in creating the all-seeing Trendax "AI Brain," a mighty digital oracle which boasts such features as "neural networks for market movements with multi-dimensional analysis of market conditions using proprietary indicators," and "lexical analysis, a natural language processor and machine learning." Even better, it possesses capabilities in "reverse optimization using various mathematical algorithms, fuzzy logic, genetic algorithms [and] evolutionary computing."
Minimum investments of $50,000 in the Trendax fund are now being accepted from those eager to enjoy a once-in-a-lifetime experience. ®
