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Man Charged With Stealing Code From Federal Reserve Bank

Posted by samzenpus on from the was-that-wrong? dept.

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."

5 of 199 comments (clear)

  1. Citizenship not required? by magarity · · Score: 4, Interesting

    Every government IT job like this I've ever seen has US citizenship required, not even green card required. How did this guy get in?

  2. Re:Lesson 1 by Oxford_Comma_Lover · · Score: 3, Interesting

    The Fed is as close to godhood as one gets in public life. You only serve for fourteen years (unlike federal judges), but you also make the money. I suppose the Fed could be abolished, but short of that, you're pretty much set.

    --
    -- IANAL, this isn't legal advice, and definitely isn't legal advice for you. Also, Squee!
  3. meanwhile just a handful of hours away by Osgeld · · Score: 4, Interesting

    There is an unemployed American programmer begging for minimum wage temporary night shift job, and eating spaghetti for the 4th night in a row, meanwhile these shits are hiring Chinese contractors

    God bless America!

  4. Re:Racists by WindBourne · · Score: 4, Interesting

    Yeah, I can not image why a Chinese national would work on federal reserve, CONTINUE DOING CONTRACTING, but grab code to train ppl, except that he has no students. In addition, a co-worker who knew that he copied the source code to an external drive, later claimed to have lost said drive.

    There are times that racism is here. There may be posts here that are racists. HOWEVER, the vast majority are NOT racists, but simply pointing out somebody that very likely is a spy.

    --
    I prefer the "u" in honour as it seems to be missing these days.
  5. Re:Lesson 1 by nedlohs · · Score: 5, Interesting

    So if the Federal Reserve doesn't "issue money" can you explain the word issue in:

    Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized.

    - US Code, Title 12 Chapter 3 Subchapter XII Section 411 - http://www.law.cornell.edu/uscode/12/411.html

    Or are you just sticking to a technically that the Board isn't the Fed, so the Microsoft Board of Directors doesn't count as Microsoft for example.

    Or that having the power to direct something to be done isn't the same as doing it - so that whole gulf oil thing a while back has isn't BHPs problem after all they just told their contractors and employees to do it.