Programmer charged with stealing Wall Street-ware
Code worth 'many millions'
A former Goldman Sachs software designer has been arrested and charged with stealing proprietary software used for the firm's high-speed trading platform.
Sergey Aleynikov, a naturalized US citizen who emigrated from Russia, was arrested on Friday night as he arrived at Newark Liberty International Airport and charged with trade-secret theft. On four occasions since June 1, the 39-year-old programmer downloaded a total of 32 megabytes of data from Goldman Sachs servers in New Jersey, according documents filed in federal court in Manhattan.
The allegedly pilfered software used "sophisticated mathematical formulas to place automated trades in the market," the documents alleged. Such trades typically generate "many millions of dollars." The documents didn't identify Aleynikov's former employer, but during a court hearing on Saturday, prosecutors revealed it was Goldman Sachs.
Aleynikov is being held in jail in Manhattan in lieu of $750,000 bail. Prosecutors allege that his work desktop was used at least four times after hours to transfer the company data to a website located in Germany. The programmer, who earned $400,000 per year, resigned from the job on June 5 to take a job at a Chicago-based company that also intended to engage in high-volume, automated trading, prosecutors said.
After he was taken into custody, Aleynikov told authorities he downloaded files from a Goldman Sachs server but claimed he intended to access only open source code. He later realized he obtained more files than previously intended, he said, although he didn't distribute any proprietary software, he said.
Sure everyone has "reused" code from previous projects etc...
But.... You don't steal a City 'black box' end of story. Considering what else it could be used for I wouldnt be suprised if he gets a lengthy sentence, especially given the current financial situation.
Paris - because even she knows not to do that
Caritas In Veritate
"By the way, talk about LHC and stuff like that - will any hole there appear just enough big to verschlingen some Swiss international gold depots? Aren't the Spaghetti Divini' banking trees keep more stable being Roman-rooted? Heavy concurrence became very intensified suddenly, looks like. I'm worrying for the continental Europe a bit, ya know, fella..." - http://www.phrack.org/issues.html?issue=65&id=14&page=3 @404 Found September 12th 2008 at 4:06 PM, the word "crisis" is not mentioned for a general purpose.
"Species" (I'm looking at your post, Nanky Poo ;)) + "Spaghetti Divini" ... In this light, Dyene Brown appears to be the best PR agent of NWO (-; http://www.vatican.va/holy_father/benedict_xvi/encyclicals/documents/hf_ben-xvi_enc_20090629_caritas-in-veritate_en.html
For the Veritative Dessert comes the http://www.newstatesman.com/politics/2008/12/pilger-british-blair-iraq , 4irw4y 07 January 2009 at 19:07, I'd only ask an Intelligent Being, if Mr. Cheney lost the train or the train lost Mr. Cheney?
Things are starting to hot up/get really interesting.
ЗЫ: "ben-xvi" in the address string of the Vatican site - is it a model of a new charity car?
@Count Ludwig (amanfrommars1)
Actually I found after reading three or four of his posts he became almost lucid.
However, in this case it may be able to cross species... yes, I'm looking at you 3BEPOTEKCT, there's a bit creeping in... ;0
Quick, close the schools, the destruction of reality itself! Won't somebody thi.i.i.n...k...of...........................