This page has been archived and commenting is disabled.
Sergey Aleynikov Gets 8 Year Prison Sentence
The man who singlehandedly almost stole Goldman's algorithm that could "manipulate markets" (p 8, lines 4-7) is now the person with the biggest prison sentence to come out of the entire financial crisis. Sergey Aleynikov has just gotten a 97 month sentence for doing absolutely nothing but copying some Goldman code that would likely never be recreated by anyone. In the meantime the bank execs who should be in jail, are currently benefiting from their coopted Fed to allow them to collect taxpayer-funded dividend payments. Justice may be blind, but not in America, where its eyes have been unfortunately poked out. On the other hand, at least Aleynikov did not get the gas chamber...
- 12064 reads
- Printer-friendly version
- Send to friend
- advertisements -


The Pigmen will always bend the rules and screw the little guy.
Learn it, love it, trade it.
next up Fabrice
Bisouuuuuxxxxxxxxxxxxxxxxx bitches!
No way one of the Wall Street crooks will ever go to jail.
Nerdy libertarians need to deal with it.
GS, JPM and the FED will still exist in 50 years, and Ben Bernanke will end his life in tranquillity and wealth.
Don't count on it
-
FREE SERGEV !!
-
++++++++++++++++++++++++++++++++++
Free the open source guy.. C+
and then Hang the Pigmen for Treason on the White House Lawn.. Let CNBC cover hanging Cramer and Liesman!
I told you I was looking for a free rent...
As we will end our lives in chaos and filth.
+1
Not if I have anything to say about it.
No we haven't had our eyes poked out, we have all been wearing "upside-down glasses" and engaging in willful "perceptual adaptation"
http://en.wikipedia.org/wiki/Perceptual_adaptation
since the RayGun years.
I'm looking for a free rent too. But I know I need to wait before the (jury trial) muppet show.
Long (waiting), but not boring.
No work, hundred chicks, silver bullions and plenty of toilet paper.
That's Amerika* for ya'!
[Amerika, formerly known as America]
Market is closed. It's Miller Time! Na zdorovie, komrads!!!!
Za nas tovarischi
This shows how firmly GS is embedded into the government.
Not a single work what the programm actually does...
For me, a programm like this screws us traders who have no idea against who you're trading.
How can we compete with a computer programm that has infinite resources to counter our moves?
Unless you have a bloomberg terminal, all your data is delayed by a minimum of a few seconds or minutes.
They get it real time...
They can act in microseconds
At least I don't...
They have the inside info
I don't...
This stockmarket is like watching the "pro wrestling" competions...
Justice seems to be a relative thing these days.
Yeah with the right "Relatives" you have immunity
The punishment was for crime by a Free Radical against the Corporation. Sergey, Bradley, and Julian are trying to ruin it for the old boy network; what justice can you expect for just us?
did some of the code pinksterz got nekkid over truth abt bradleymanning's treatment. no foggy bottoms, there! video at 11!
also this weekend: code pink bingo buses to quantico as marines close ranks. [Mar 20, 2011] Rally to Support Bradley Manning (Quantico Marine Base, Virginia) | Why We Protest | Activism Forum
peace
FREE SERGEY!!!!!!!!
Uh no, actually its
"Bend over Sergey! Welcome to Kansas state penn.
My name is "Precious" and I"m gonna rock your hairy little world"
He should have gotten a lawyer who knows how to play the game. He would have done better trying to plead it out to get less time.
No parole in a Fed pen either.
i'm sure they did not offer him a good deal. the US attorney knows who their bosses are.
You don't fuck with Lloyd!
There will be a tipping point, after which, it will be open season on Lloyd and his ilk. I feel the pressure building like a reactor going supercritical.
Stealing IP is a crime, dumbass. Should've taken money instead.
With dozen of wi-fi hubs, a jury can (and will) debate the issue.
I remember a cop came to me when I was on a boardwalk and told me I was stealing IP with my laptop. I told him I was fucking Nancy across the street, and that she allowed me to penetrate her network as well.
When the cop finally accept to leave, I notice the donuts box in the car. I knew right away he was divorced.
That stupid asso doesn't even know that silver is going to 130$.
There's that word America again, makes me want to vomit every time i see or hear the word. Hopefully won't be long now before that unfortunate blight is resigned to history.
WTF...just WTF. 8 years for that???
Meanwhile Dick Flud got what? Mozillo got what? Paulson?
Correct me if I'm wrong here, but they all got bonuses...
Don't fret it. He is sampling the new fema camps. Just not high enuff and not enuff cash to pass go, collect 200 dollars. Landed on prison place.
THe monopoly of future should be more representative and have a pile of debt notes, less cash and prison for the poor loser.
Sakarhov comes home
wonder how much the judge was paid
I don't know.
What is the going rate for shabbas goy?
We all deserve the injustice we tolerate.
This should only suprise you if you actually believe there's still justice in this country. I'd weep for you, except I'm too numb to care.
His own damn fault for not having enough lobbying power in Washington. Congressmen need yachts too, you guys.
I find your comment amusing, because it's true.
Yup. Corporate personhood...isn't anonymous getting on this?
All clear. Everybody back in the pool...
That the one on top of Fukushima Daiichi No. 3?
Yep enjoy the refreshing "hot springs" before they're gone.
Goldman can manipulate the markets...that's perfectly legal...anybody else...Jail! Very "godlike".
"You know, I rather like this God fellow. Very theatrical, you know. Pestilence here, a plague there. Omnipotence... gotta get me some of that."
Stewie Griffin
It's not that Sakarhov got an unjust sentence (he didn't). It's that he is the only one. This crime with out punishment will destroy us all (with a long enough time line).
No judgement is 'just' unless it's equally enforced. It's like an oxymoron.
So true; Now the issue is to equally enforce the law. Then there is anarchy (not my option).
Stealing someone else's code = 8 years
Stealing someone else' money = record bonus
Just like killing corporate heads at Goldman equals "murder, while killing for the Marines equals "Medals."
"Morality" and "legality" all depends who your boss is now.
Anarchy or an unjust society? Either way your progeny are snuffed out if you aren't on top. The latter just takes longer.
At least they didn't hang him.
let's see what happens to him in prison
They're saving that for Julian Assange and Bradley Manning.
Oh well
Say anyone know wher eto get gieger counters anywhere?
Gulag Amerika is alive and well
Judge S - "For God's sake Reverend!!"
Reverend - "There is no God..."
-Caddy Shack
Good on you SoupLine. I've always felt Caddyshack has all the life lessons we need and makes an excellent substitute for the Bible, and more up to date too. Here's my favourite commandment:
Judge Smails - It's easy to grin / When your ship comes in / And you've got the stock market beat. / But the man worthwhile, / Is the man who can smile, / When his shorts are too tight in the seat.
I was born to love you.
I was born to lick your face.
I was born to rub you,
but you were born to rub me first.
~Ty
And where are the 50 states Attorney Generals' indictments? There are none, they are not going to charge ANYBODY, and this poor sap gets 8 years? Don't Fuck with The Bankstas...
You mean these ball washers?
Missouri Attorney General’s Consumer Protection Division | (We) found a good deal of fraud in the process, in the foreclosure process itself… but no one to prosecute
Company creates algo that allows for the wealth of this nation to be scalped.
Company steals algo to sell to competitor.
Company steals billions annually in fees and savings from taxpayers, manufactures faulty CDO's, bets against CDO's, uses their capital to crash markets, uses subsidiary hedgefunds to crash markets, spreads rumors, change laws installs former execs at NYFED and government positions along with supposed regulating bodies and gets fine.
Every other complicit investment firm receives public scathing and fines while socializing the losses onto the American taxpayer and ensuring their class is the only one which does not endure a depression.
Man caught selling algo to competitor goes to prison for 8 years.
Not a single Wall Street executive is indicted for purposely self destructing economy for their profit.
Change you can believe in.
...pretty well sums it up...now if he had stolen the code from a local stop&rob he would have gotten 12 years.....
Almost - if he were also in possesion of powder cocaine, then it's 10 years in minimum security, 0.8 after release on good behavior. If crack, then it's 20 hard years of not dropping the soap.
McCloy, I'd be interested to hear your thoughts on Martin Armstrong.
Well there you have it.
The Judicial system of the United States of America in all it's glory.
Sorry ZH, regardless of the GS thingy, this info falls under secret scientific material. Just as the coke and Pepsi formulas. It is Grand larceny, which holds a 5-15 year sentence. Maybe you should stick to Financial matters.
You have some Blankfein juice on your chin.
:)
Ha, the irony is that in science, you can also commit a despicable act such as lying your way through a study about vaccines and autism, endangering the health of kids whose parents were too scared to vaccinate them, picking up a few celebrity endorsements to pump and dump your story along the way, being struck off the British medical register, and end up retiring in comfort to the good ol' US of A.
http://news.bbc.co.uk/2/hi/8695267.stm
you are either willingly or unwittingly missing the point here...the result is the same...you are missing the point.
I'm not gonna bother to tell you what the point is because I have no doubt that many here will happily enlighten you if you dare to proclaim yourself so dimwitted as to not know.
or depending on the jurisdiction any theft >$1,000
not sure if money laundering is included - I think that's just a token fine if you admit to no wrong doing:
http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-c...
I am a Taxpayer. You are a taxpayer. We are all taxpayers.
What do you get for teleprompter theft? (the machine, not the man)
This is just deeply sad. You know how corrupt it all is but this is just a reminder that the only punishable crime is being a little guy. Bob Dylan had a line for this-steal a little and they throw you in jail steal a lot and they make you king.
I'm not sure how the IP was stolen, but it sounds like Goldman was victimized. If someone sneaks into your house and transcribes copies of your documents, wouldn't you feel violated?
The talk of "manipulating the market" is ridiculous. Every time you ask or bid you are manipulating the market. And no matter how powerful Goldman is, the market is still dominated by its callous and fickle boss - the consumer - and his subjective valuations and whims.
> the bank execs who should be in jail, are currently benefiting from their coopted Fed
Really? You're blaming a few bank execs for benefiting from an organization errected with the blessings of millions of citizens?
Twat.
Surely you can come up with a better rebuttal than just posting names for genitalia?
how about this one
Your are a troll.
he has the trollface icon, guess he is proud.
Maybe Doc Acula is just dumb. Not like there's a shortage of dumb.
Most ampires are pretty smart, but you should be back in you coffin with the lid nailed on.
Shit for brains.
He really is pretty disappointing isn't he.
Maybe he's working the late shift in the post room at 200 West Street NYC.
"Really? You're blaming a few bank execs for benefiting from an organization errected with the blessings of millions of citizens?"
Sweet suffering Jesus.
You need to face reality.
You are never going to make partner.
OMG this is kind of comment is why we are in the shit we are in...
You know, I haven't seen Harry Wanger post for a while. This sure has the Wanger feel. If it is Harry I suggest A S Swipe as his next moniker
insanity....no cares that the code can 'manipulate' the market? punish this guy and people who lie, cheat, front run, don't go to jail? insane! Gupta not even threatened with jail! this is ridiculous!
Fucking amazing. Well, they had to hold somebody accountable eventually, and we knew they weren't gonna send anybody in "the Club" to prison.
First, that's some heavy bullshit you're spreading. Goldman Sachs would be buried 6 feet under if we really had a 'market,' but they weren't, because we don't. Deny that, and your bullshit continues to be prima facie bullshit.
And it's not about one wrong, it's about how two wrongs (or far more many wrongs than that in Goldman's case) are treated differently, ala double standard.
But yes, I know, Goldman Sachs hasn't been engaged in all sorts of illegal behavior, the 500 million dollar slap on the wrist they got was justice, they never screw their 'valued clients' like they did in the case of Abacus, blah blah blah...Goldman follows the law, and my goodness, we can't have anyone violating Goldman's rights without having them imprisoned!
>>the market is still dominated by its callous and fickle boss, the consumer.
>First, that's some heavy bullshit you're spreading.
Do you mean that you don't like to hear it? Or that it's not actually true?
>if we really had a 'market,'
Of course we have a market. Unless someone is threatening to shoot you or force you into a cage, then your voluntary transactions on the stock exchange constitute market activities. No one's forcing you to keep confetti-denominated assets.
>Goldman Sachs hasn't been engaged in all sorts of illegal behavior
I'm not sure about that. But in any case, "market manipulation" is a ridiculous charge. Who exactly is the victim of that "crime"? The market price of an asset is based on the subjective valuation in other people's heads. Can we sue other people whenever they change their opinion of something?
Nit wit.
Really? So I can lie, deceive, defraud you, sell you a thesis that I know is opposite of factually correct as I'm selling it, tell you something that is 180 degree from what I'm showing to regulators, and do a million other unscrupulous (and illegal, which is my point) things, and as long as I don't pull a gun on you and force you into a cage, it's all good?
I have a 1968 Chevrolet Camaro in mint condition I will sell you for 5k. But between the time you inspect it and test drive it, I think I will take out 1/2 the mechanical underpinnings. Don't call and bitch at me or ask for your money back, after you take delivery. I never pulled a gun on you.
>Really? So I can lie, deceive, defraud you, sell you
Misrepresentation is criminal fraud. And when one cheats and deceives others, he damages his reputation such that others will not do business with him again.
In any case, this has little to do with the claims of "market manipulation" which are still absurd.
Homework on the case shows that Sergey was a thief. He stole the code to make himself more valuable for competing startup. He's not any sort of working class hero "sticking it to the man". He's just another greedy POS finance guy that with the dream to make/rob as much fucking money from the market as he could via HFT. Good riddance.
The problem that I have and alot of other people have is the fact that the code he stole from GS was said by the US Attorney trying the case "Facciponti said a person misusing the code might be able to “manipulate markets"
So thank God this sort of weapon of mass destruction is in the hands of GS. We all know that they would never misuse it and if they did "manipulate markets" any gains from it would be used to fund hospitals in India and feed starving children in Africa.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSDxSdMlPTXU
yes, they are doing god's work!
Blankenstein was right up front about that.
Do you understand the concept of "Market". You know. In the classical sense.
Not the Kleptocratic idea?
Market? MARKET??
You have now proven that you are an idiot.
Great job.
Let's review -
Aaa AAA AAA
An obligor has EXTREMELY STRONG capacity to meet its financial commitments.
They knew, they lied, you're not getting a pension
Questions?
Anyway.
Carry On Sucking Blood.
>Carry On Sucking Blood.
Jeez. What did Goldman ever do to you?
Obviously the market highly values Goldman: it is clearly expressed in the objective exchange value of its shares. Probably, it is because Goldman is effective at generating wealth and speeding the market to equillibrium through shrewd investing.
And if voters errect a criminal counterfeiting organization imbued with an aura of legitimacy, then the managers are naturally obliged to tap that source of wealth. After all, the execs (essentially, mere managers) must answer to the owners of the capital, viz. the shareholders.
hey dr. douchebag, we have a nice retirement option for you:
spend your senior years in our fine community of Maiden Lane, and enjoy all the benefits that membership has in store for you
I can't remember where I read this, but it seems applicable to "Dr" Acula:
What wheezing mule did you ride into town on?
he would have got less time if he shot Blankefein in the head on his way out the door
Crook-fein can be replaced; the holy code not so much
if i were this guy, I wouldn't sleep so good
probably should have disapeared on bail, and made a run to central america
probably some private label spooks may have sponsored him into their fold in return for services rendered
Makes me want to go completely "off grid."
What the banks dont want you to know is that they can't win.
Math; their god and their servent. Untill its not.
The "elites" are loseing. They know this because they have the best "math".
Its the meek who shall inherit the earth; for it is the meek who have the power to endure.
In 8 years most of this non-sense will be over with.
The untouchables in India are still waiting and they've been meek for some time.
He got Lynndie Englanded.
Someone's gotta get thrown under the bus. Happens everyday where I work. Wall St. isn't so different. If you listen closely enough, you can always hear someone sharpening a knife.
good ole lynndie, the martha stewart of the military.
us of A:
military
finances
woman
this make me upset....so its ok for goldman(all the banks, fed) to manipulate the market for years it has?....someone needs to clean this scum up....
I feel what you are saying. In a land of laws and not men this is a very clear cut case of theft yet now we take a different perspective because we come to the realization that a separate judicial system exists for the elites and that is what is upsetting. When weighing the balance of justice this man's penalty is entirely too harsh and frightening.
+100
This goes to show what happens when you try to mess with the rich and powerful in America. You get stomped into the ground.
I'm doing that daily, and really hope you are right.
When you look at terrorist groups and wonder how these people ever got to the point where they are willing to do such violence, and then look at what the rich and powerful do to people everyday in the US, it becomes easier and easier to bridge the gap mentally.
"On the other hand, at least Aleynikov did not get the gas chamber..."
Prison's a dangerous place.
He got lucky. Was a time when you were put to death on the spot when caught poaching the kings game.
hell it was worse than that...if you were even caught in the king's forest with a broadhead arrow (hunting tip) you were presumed to be poaching and were executed
I just read the scribd document. 55 pages of his bail hearing! That was a waste of time!
Is he going to take over Martin Armstrong's cell?
So the purpose of the judicial system is now to protect the looter banks. The banks are immune from going to jail themselves.
This is insane.
No. If it were insane I would immediately understand it. Most likely, the abnormal has simply become normal.
satan may be alive and well but god will have the last say....this injustice will be dealt with in due time
Religion, the opiate of the masses. Great demonstration.
Money talks and bullshit walks as we used to say in Brooklyn. some sucker had to take the fall becasue if the Vanpire Squid was ever brought down, no doubt thet would take most of the joke we call Congress with them. I think we're long past the time for the second American revolution, but Lincoln said it best.....
"This country, with its institutions, belongs to the people who inhabit it. Whenever they shall grow weary of the existing Government, they can exercise their constitutional right of amending it or their revolutionary right to dismember or overthrow it". 1861
It is time for revolution. I have young kids to raise so it is too early for me, but i can fund the crazies who want to take part, and i have the skills to deal with serious injuries including chest tubes.
kprice1670@gmail.com
I have had enough now. One crazy can make a.difference. a platoon of crazies can make a.bigger difference. We know who is the enemy and bankers are at the top.
You blind troll, your revolution is coming, no more oil for phony $$$. Bernanke is the chief of the rebels.
Be a man : Just sit and watch it on CNN.
First episode : Algerians monkeys out of control.
Just a question to all who think this guy is a scape goat or a fall guy, why do you think that? This isn't a fall guy. This is a hit. It shows who is in charge and that there's no where to hide.
Yeah, if you're on the side of the sociopaths in power you can get away with absolutely anything, but if you're against them you'll be pinned with something.
at least Aleynikov did not get the gas chamber...
best served cold. winning.
The squid is the law. The FBI works for them. Don't eff with Goldman.
tylers, it is a super M O_O N
anything can happen. but i think it is only ^ from here, for yous.
There's no justice anymore in this fucked up world.
Oh I am so mad. If we cannot get justice someone is going to have to step up to the plate. Do any of you remember vincent mccruden and his list of 47? St. Vincent should be what we call him. I am going to send him cigarette and.snack money if he goes to prison because they will try to file a.civil suit and take away his coke money like they did for peter schiff's father. If there are any.crazies out there your fame will live forever if you would just give us justice. I will sponsor a statue in your name. But you have to go after the big guys. Please....someone! JW in FL dont u know any.crazies we might groom?
Can you provide links, please?
I see the words "prison" and "file" in the same paragraph. You should be more careful.
Speaking of rotten sentences, this one stinks like last week's leftover borscht, the wrong guy in this freakin' mess just got a one way ticket to the Gulag and now "peasant justice" has apparently been served...it also tastes like last week's...oh, never mind...let 'em eat cake!
dont mess with the mob..
such a joke..he should be rewarded for almost doing the job of the cling-ons that are employed to do it.
Fuking outrageous what these WS cunts and their crones in the Judiciary get away with ....pitchforks ready, don't forget the bloody Judges and lawyers
How in the Hell do you get 8 years for that? The lesson here is never surrender. They will wreak undeserved violence on you if you give in.
more SB in the Bizarro World..wheres the Punisher or Daredevil or Dark Knight?
Justice? You want fucking justice?!?! Let's see. We as a society have grown fat, happy, lazy and stupid. We have allowed ouselves to be constantly brow beaten with a velvet glove and enjoy it as long as we have our toy's. You have a pretty sizeable population in the Middle East that have lived under iron rule subsisting on less than a couple of dollars a day, who finally stood up and had their Network moment. They were mad as hell and weren't going to take it any more. Hopefully when the warmer weather hits, millions of Americans will wake up and say we're tired of the bullshit back room deals, the lying and screwing of the middle class or what's left of it along with a Congress that is in the back pockets of the banks and a Justice Department that still has failed to hit the jugular with regard to the banking crisis. If Senator durbin can stand in front of the senate and exclaim that Wall Street owns them, then it's time for a major bowel movement in the great banana Rapublic of America.
"..bullshit back room deals.." indeed. Watched Max Keiser yesterday with the tail of a Bank that had a secret underground passage to the Wisconsin parliament so that vested interests could be ferried into the thieving ponzi scheme that is Govt to see how taxes were being carved up (on the scum no doubt)... imagine the $Billions/$Trillions siphoned over the decades
we don't have any parliaments in the us of a. we have legislatures, a.k.a. bunch of criminals who can steal your money legally.
Certainly this sentence is very reasonable; when you copy something that is very dangerous, the law is coming for you before you have a chance to properly paste your own global weapon of market mass defrauding.
they mean good to us to keep the weapon in the hands where it's safe, really
This shit has got to stop. I can't believe he was defended by a public defender in this action. No one want to take on the government.
This kid was screwed, especially in comparison to the outright theft being undertaken by those who do know better.
http://www.scribd.com/doc/51074033
Let's start a Free Sergey Aleynikov Campaign
Anyone any experience at setting up a website for signaturies?
I'll donate $100 to kick it off
I'll call that donation if I can add Free Wesley Snipes too
I'll implement the code! Can we get it posted on WikiLeaks?
Perhaps we can create an open source HFT trading platform for the masses. Can someone suggest a suitable name?
"Dick Move"
"Secret Sauce"