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Man Charged With Stealing Code From Federal Reserve Bank
wiredmikey writes "A Chinese computer programmer was arrested by U.S. authorities in New York on Wednesday, on charges that he stole proprietary source code while working on a project at the Federal Reserve Bank of New York. The man arrested, Bo Zhang of New York, worked as a contract employee developing a specific portion of the GWA's (Government-Wide Accounting and Reporting Program) source code at the Federal Reserve Bank of New York where the code is maintained. The complaint alleges that in the summer of 2011, Zhang stole the GWA code, something he admitted to in July 2011. Zhang said that he used the GWA Code in connection with a private business he ran training individuals in computer programming."
The people who run the Fed are largely appointed by the President and confirmed by the Senate
Zhang said that he used the GWA Code in connection with a private business he ran training individuals in computer programming.
Correctly edited version: Zhang said that he used the GWA Code in connection with a private business he ran training Chinese Hackers in Reserve Bank Code.
Silence is a state of mime.
The Federal Reserve does not print or issue money. Never have and hopefully never will. Those bills are printed by the Bureau of Engraving and Printing and the coinage is minted by the United States Mint.
The Federal Reserve only puts them into circulation when the Board of Governors authorizes it to do so. It is a bit complicated, but the Federal Reserve itself is a private entity that happens to have a board of publicly appointed figures.
Holy f#ck people are racist on here.
The dude was using some code he wrote to train people. Can we assume guilt of something *after guilt has been proven*? Pretty please?