Arrest Over Software Illuminates Wall St. Secret

The New York Times ^ | August 23, 2009 | Alex Berenson

[khnyny]

Flying home to New Jersey from Chicago after the first two days at his new job, Sergey Aleynikov was prepared for the usual inconveniences: a bumpy ride, a late arrival.

He was not expecting Special Agent Michael G. McSwain of the F.B.I.

At 9:20 p.m. on July 3, Mr. McSwain arrested Mr. Aleynikov, 39, at Newark Liberty Airport, accusing him of stealing software code from Goldman Sachs, his old employer. At a bail hearing three days later, a federal prosecutor asked that Mr. Aleynikov be held without bond because the code could be used to “unfairly manipulate” stock prices.

[khnyny]

It's funny - the code is only a problem to "unfairly manipulate" stock prices when it's not GS.

[khnyny]

At the same time, I find it amusing for some strange reason, that the perp’s “new job” is in Chicago.:)

[nickcarraway]

arrested Mr. Aleynikov, 39, at Newark Liberty Airport, accusing him of stealing software code from Goldman Sachs

He thought he could get away with stealing software from the government?

[bamahead]

ping

[Rumplemeyer]

ping

[FromLori]

GS sucks

look at the open secrets donations

http://www.salon.com/opinion/greenwald/2009/04/04/summers/

http://www.opensecrets.org/orgs/list.php?order=A

http://www.businessinsider.com/goldman-sachs-changes-its-status-to-financial-holding-company-2009-8

http://www.ffiec.gov/nicpubweb/NICDataCache/BHCPR/
BHCPR_2380443_20090331.PDF

barack-obama-expands-goldman-sachs-power.html
http://www.ritholtz.com/blog/2009/03/backdoor-bailouts-for-goldman-sachs/

http://www.propublica.org/ion/stimulus/item/stimulus-transparency-watchdogs-keep-contract-details-a-secret-813

http://www.noquarterusa.net/blog/2009/07/02/will-cap-and-trade-be-the-next-bubble/

[Star Traveler]

It’s really a “bear” to be a geek these days, and be in so much demand with different companies that they sue one other when you go work for another one... LOL...

[jerri]

It's funny - the code is only a problem to "unfairly manipulate" stock prices when it's not GS.

No kidding.

[Candor7]

GS IS manipulating stick prices during the last 30 minutes of trading each day, wringing suckers out of the market.

[SunkenCiv]

...a federal prosecutor asked that Mr. Aleynikov be held without bond because the code could be used to "unfairly manipulate" stock prices.

Since the gubmint's concerned about price-fixing, why hasn't OPEC been wiped off the map?

[RightOnTheLeftCoast]

"Since the gubmint's concerned about price-fixing, why hasn't OPEC been wiped off the map?"

Let's just say, Obama isn't the only one bowing to the Saudis.

[SunkenCiv]

:') True, but for the others its merely figurative.

[khnyny]

I meant to thank you for these links the other day, but forgot. Thank you.