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In Second Trial, Ex-Goldman Sachs Programmer Convicted of Code Theft

Ars Technica reports that A former Goldman Sachs programmer—featured in the book Flash Boys—was convicted on Friday for stealing high-speed trading code from the bank. Sergey Aleynikov, 45, was also acquitted on one count of unlawful duplication, according to Reuters. The New York state jury could not come to a verdict on another count of unlawful use of secret scientific material. Sergey Aleynikov was also acquitted of unlawful duplication. This was the second trial for Aleynikov in five years. He could face up to four years in prison.

7 of 84 comments (clear)

  1. Re:It's not really about the code... by randalware · · Score: 4, Insightful

    lets stop high frequency trading.

    stock investments that are fleeting, are not investments only gambling.

    People hold investments for days,weeks,months, years.

    Gamblers change their mind moment to moment.

    Speculators & gamblers gaming our financial systems are making a mess of the world.

    This includes the US government and the printing of money without any backing value.

    The doom and gloom market boys are predicting a real mess if our leadership doesn't make a real change in regard to our debit & deficit.

    got your gold, guns, ammo & prepper supplies ?

    --
    This is my opinion based on what little I know and understand of the rumors and lies Thanks, Randal
  2. Re:give it up by Greyfox · · Score: 3, Insightful

    I ran across a great quote the other day.

    --

    I'm trying to teach myself to set people on fire with my mind... Is it hot in here?

  3. How it works by Required+Snark · · Score: 5, Insightful
    Wall Street gets to steal from everybody.

    Nobody gets to steal from Wall Street

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    Why is Snark Required?
  4. Re:give it up by Paradise+Pete · · Score: 3, Insightful

    Why the desperation to declare that infringement == stealing? The only reason I can see is to invoke the connotation that stealing has. "Infringement" doesn't sound strong enough, so you want to call it something that does.
    You're playing word games. "Theft of service" has a specific meaning, in much the same way that infringement does. But you want snip out the "theft" part and treat as a stand-alone word, so that you can then equate it to stealing. Then you want to tie that back to infringement.. It's a parlor game. Start with any word, then take a reasonable synonym for it. Now find a synonym for the new word. Continue to repeat this game and you can "prove" that black is white.

  5. Re:give it up by ultranova · · Score: 4, Insightful

    Stealing/theft is a word with multiple meanings. This is one of them.

    Theft is a word with a single meaning which various business interests like to use in cases which don't involve it to set up an appeal to emotion. Such attempts should be resisted, not excused.

    --

    Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

  6. Re:Goldman Sachs and possible GPL Violations? by timmyf2371 · · Score: 3, Insightful

    Considering the guy has been convicted of "unlawful duplication", it sounds like Goldman Sachs did not distribute the software in question. They are therefore entitled to incorporate GPL'd code into their software without making the rest of their code public.

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    Backup not found: (A)bort (R)etry (P)anic
  7. Re:It's not really about the code... by martin-boundary · · Score: 2, Insightful
    From your comment, I get the feeling you read Flashboys *uncritically*, though.

    Open source isn't the issue. The issue is that, as a programmer for hire, the code he produced during his employment period was not under his own copyright. Any working computer programmer knows this, or if not, should.

    He had no right to copy the code he wrote, submit patches, or otherwise contribute back to any open source projects. He needed permission from the company's officers to do any of this.

    In particular, he probably even broke the open source licenses for the free software he used. For example, the GPL makes it clear that if you patch the software publicly, you *must* have the right to do so. He clearly had no such right.

    All open source projects have licenses. All closed source projects have licenses. Just because you can download some source files or some binaries from somewhere, and someone says it's ok to use it, or you think someone said to someone else it's ok to use it, doesn't make it so.

    When you're a programmer for hire, you have no rights to your own code. You're there to write it for the company. It's the company's code. It's their property, and their decision, if it gets shared to anyone. It's also their decision if you can use any software inhouse. And it's their decision if they want to abide by any license terms or not.

    You're just a codemonkey.(*)

    (*) for most values of "you" where "you" is not a company officer.