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."

Comments

Re:Lesson 1

[nedlohs]

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.