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Feds Charge Wall Street Traders With Code Theft
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David F. Carr
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David F. Carr,
User Rank: Apprentice
8/30/2013 | 1:26:24 PM
re: Feds Charge Wall Street Traders With Code Theft
If you're going to steal, steal BIG
Michael Endler
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50%
Michael Endler,
User Rank: Apprentice
8/28/2013 | 6:29:00 PM
re: Feds Charge Wall Street Traders With Code Theft
I'm oversimplifying the issue, but it's sort of ironic that prosecutions get stepped up when financial industry guys try to steal from one another. When the financial industry wrecks the economy for everyone else, though, not so much.
MedicalQuack
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50%
MedicalQuack,
User Rank: Apprentice
8/28/2013 | 4:50:43 PM
re: Feds Charge Wall Street Traders With Code Theft
I say prove it. The last case at Goldman was a farce and actually Goldman might want to look up old Sergey as I read he has some great engineering skills too:) If they found reworked code as they say, run it and see what it does. Also the traders unless they understand programming would have to be coached to determine what to share in Drop Box, a lot left out here and look at the reference to the Goldman/Sergey story from the FBI on "subversion"...if you are in tech you will laugh your fanny off at that one as the agent admits he had no clue what it was:) I wrote up my commentary on all of this...are we going to see another circus when it comes to proving theft here as a jury of peers in complex cases like this might be impossible to find and you have to watch the "experts" called in too as they can fabricate to win a case if no other experts dispute it:)

http://ducknetweb.blogspot.com...

Again find out who was "coaching" the traders on what code to put into Drop Box I say:)
RobPreston
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50%
RobPreston,
User Rank: Apprentice
8/28/2013 | 4:09:06 PM
re: Feds Charge Wall Street Traders With Code Theft
High-frequency trading algorithms aren't a bunch of credit card or social security numbers. Protecting (extremely valuable) intellectual property is the next frontier in information security.


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