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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.
Sergey Aleynikov, 45, was also acquitted on one count of unlawful duplication, according to Reuters. [...]. Sergey Aleynikov was also acquitted of unlawful duplication.
Meanwhile, timothy is still at large....
You were critically hit for no damage. The bruise will look nice, and maybe the scars will make good party talk.
Nobody gets to steal from Wall Street
Why is Snark Required?
I used to work at a large company that specialized in "e-trading". They paid a fee for access to second order quotes, which meant that they knew about not just the current price of a security, but the actual stream of bid and ask prices from individual investors. If you have access to the stream, you can just write code that slightly underbids and offers slightly overpriced shares, so you get to nickel and dime investors all day with sub-millisecond accuracy. It was basically software that stole money from everyone all day.
I think this verdict sends a great message: do not steal from the leaches of society that have enough money to get other leaches elected.
From the comments on this article I get the feeling I'm the only one would read Flash boys. He was developing code, part of it proprietary and part of it open source, which he modified. His intent was to someday separate and release the modified open source code; he didn't have any plans to do anything with the proprietary code. He checked the code into a subversion repository based in Germany, apparently the first free code repository his search engine ranked.
So when the police got hold of this, they heard subversion" repository and concluded obviously this guy is a "subversive". Oh, it's hosted in Germany? Even worse.
When they investigated further, they made a big deal out of the fact that he deleted his bash history. What's he trying to hide? Sounds like a cover up.
That's the level of stupidity and ignorance and we've come to expect of police regarding technical matters. And for what it's worth, I use subversion, (or cvs, git, whatever the project uses) and my .bash_history links to /dev/null. I don't use the feature, so I don't waste the disk space. I guess that makes me a criminal.