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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...
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What a joke has America become. By the way, economic genius and historian Martin Armstrong got total 12 years (5 + 7) and Goldman Sachs was deeply involved in his unjust imprisonment as they raced to steal his computer economic model. Martin serves last few months of his detention in his home (he was released from jail few days ago).
+1
Thou shalt not break against thine Lord, Go(l)dman Sachs, while they're doing God's work here on earth.
Justice is truly dead in America
FREE GOLDMAN SACHS!!!!
Oops.. I mean, "O" never mind they never, Never!, NEVER!! will see a jail cell..
at some point someone is going to have to start whacking those dirty fucks.. since the SEC / Goobermint is going to do NOTHING!!! someone should start, doing something.
That's why they call 'em 'small fry'. Literally - the dinky fish were good for frying. But the big ones? The big ones get away.
The big ones always get away because there is honor among thieves. You don't go to some fancy ivy league university and join a sick group like Skull & Bones and then shit over your brothers who in all probability put you where you are today. These freaks running major corporations as well as the banks and the government would really have a problem if one of their own turned on them and brought the truth to the American people. As George Sr. was fond of saying. " If the American people really knew what we were doing, they would hang us from every lamp post in Washington".
8 years! Justice Department is BOUGHT and PAID FOR. Welkome to Amerika! That should have been probation. He is not a danger to society.
if he's lucky, he still has some pirate code for personal protection
otherwise, I see him taking a deadly slip in the shower
Martin Armstrong says a lot of small time tax evaders are populating the fed prisons
for those who enjoy mere existence in a feudal state, welcome to Nirvana!
Disgusting. Newsflash to none coders, IT goons walk out with code. It's damn industry standard as far as my experience goes. Even if they don't have the code per-se most skilled guys know the structure and could rebuild it given time. The fact he is getting 8 years for this is a crime itself. And somehow Dick Fuld is a free man. Justice is not only blind, but stupid and drunk as well, and from the looks turning tricks to pay for her meth habit.
My prayer to god is that a wave will hit manhatten and drown every motherfucker living there living off Wall St.
I woule squeal like a little girl.
A tsunami in Manhattan is of late seeming a bit less unfathomable.
A man stealing burglar tools goes to jail, but the burglar who made the tools says free.
Take heart. The feds are finally getting around to suing - not prosecuting, but suing - the CEO and other officials of Washington Mutual:
http://strikelawyer.wordpress.com/2011/03/18/government-gets-around-to-s...
If they can find them, that is. Apparently the CEO and his wife have disappeared with their booty, like Mubarak.
In pre-revolutionary France, it was against the law for any citizen other than royalty to even own a pigeon. To kill wild game on a nobleman’s estate could be a capital offense. It was not that long ago. Americans, like the subjects under the heel of Versailles, are on the path to tyranny.
And some say, in America, revolution is not possible. Fools!
They admit in open court that the program can manipulate markets... and not a word from the mainstream media... oh, I guess they're pretty busy with the Charlie Sheen thing right now!
It's all become quite clear in the last week, in case I needed a reminder. An earthquake/tsunami/nuclear disaster strikes Japan and takes the lives of perhaps tens of thousands, while ruining countless others. We call it an "Act of God".
Wall Street CEO's, such as Lloyd Blankfein, wantonly bring the financial system to the brink of destruction and engage in fraud on a massive scale, in the process ruining countless lives and costing the "meek" (who are still waiting for their "inheritance") bazillions in future taxes and lost interest on savings and record cost of living, and he is doing "God's Work".
Mere mortals get eight years. Gods get bonuses and adoration.
Just fuck this Universe. Time to take this free will thing and play iconoclast, starting with the lesser gods.
Really. Anymore, I doubt the ability to do anything other than some form of revolt. Peaceful "withdrawal" from the system seems the best option.
rule#1
You don't steal from the Mob.
Exactly. He will die in jail..
So .... where's the code/Goldman's algorithm ?
Was it just flowcharts - or something more like PowerPoints or maybe some VB-based 'code' behind a flashy front panel in Visio?
MathCad, Mathematica or MatLab based?
I recall reading that it was uploaded to some computers in Germany. Perhaps it's has already been put up on the internet as an open source document. Imagine if it were, it would be continually updated and improved and could be used by any small investor to do HFT provided they were allowed to share the same hard disk as the NYSE. Thus they would be nose to nose with Goldman and could frontrun Goldman's trades which are in turn front running everyone else. I have no idea what I'm talking about, but perhaps there is some humor in this. Anyway, I understand that being open source is why Firefox is the best all-round browser. Who knows, maybe even Goldman could benefit this way by making all of their proprietary code open source.
A lot of bad stuff could happen during his stay for patent infringement. Absolutely ridiculous - when you steal stuff like that, put it up on the web immediately and cover your arse. Sorry Serge.
I assume this guy is Russian Jew. Can anyone verify that thought??
This is ridiculous. Even if allegations are true, non-violent, mere stealing merits at best a probationary period and public service. This is insane.
"it's a republic, if you can keep it."
- Ben Franklin. He was right.
Here, for the supremely bored, is an article that contains a link you can click on to watch this guy Aleynikov and his wife doing competitive ballroom dancing:
http://blogs.reuters.com/commentaries/2009/07/05/a-goldman-trading-scandal/
This is a fucking outrage!
Very bullish on guillotines!
http://www.youtube.com/watch?v=nkId_c86jGs
IM SO EFFING PISSED IM NOT GOING TO TAKE IT ANYMORE!!!
There should be a LAW,that Hamy Wanger
never ever gets to have the first comment on a story.
Ps......Bankers have their day comming.....
I wish I could say unphuquing believable but it's too late for that. Just as long as everyone is aware that the Prez intentionally suspended the rule of law -order from 1600 Pennsylvania- for his biggest campaign donors that's quite enough and it speaks screaming volumes about his character.
The too big to fail bunch of banksters can get away with murder, fraud, coercian, harrassement of the general public and any other illegal activity under the sun because they have a lot of influence on the political class, the rule makers and the rule enforcers due to their enormous purchasing power. So irrespective of the position in the government, everyone works for their benefit.
The politicians around the world are nothing more than auction items which can be sold to the highest bidder. They will do whatever they can for the lobbyist paying them the maximum amount of money or votes, be it the unions, the banksters, the richest corporations or individuals. They are in the power seat to extract maximum advantage for themselves in the small time frame they occupy the seat of power.
The rest of the population is least of their concerns. The only activity they do is pacify the majority of the population using false statistics and promises of a better future so that they do not lynch them and their masters while they are robbing the taxpayers.
http://www.marketoracle.co.uk/Article24581.html
How does one sit in judgment of their fellow man?
I've recently had reason to study the business laws of my state and what I found there appalled me, as our legislators and court system have legalized all kinds of previously fraudulent business practices. Our laws have become based on predatory practices designed to absolve the corporate world of crimes, while allowing them to profit by any means necessary. By any means necessary.
Had jury duty last week, where the judge admonished us repeatedly that our decision on the case was to be based ONLY ON THE LAW. We were not to use our moral beliefs, our own judgment, or understanding of right and wrong, we were ONLY to look to the laws in making our decision.
Now you know how it's done.
Jury nullification. It's the only way to fight back.
A Goldman Sachs' warning to all employees not to cross the line ?
While the military confine their man, Bradley Manning, to pre-trial solitary confinement and periods of forced removal of clothing, the Squid get's a straight nine years for their deterent to employees who might think of exposing any company data regardless of sensitivity of that data .
Don't you just love the kind of justice that is used to make "an example" of someone to discourage others from doing the same thing? Can we really call that "justice" when the punishment is primarily aimed at discouraging others?
Was Aleynikov an employee? Then I don't think Aleynikov committed a crime. He should be free. He is morally blameless.
Copying source code is not theft. After all, Goldman still has its original source code; it hasn't been deprived of anything: http://www.youtube.com/watch?v=Fw-MFeR8Frw . Source code cannot be property as it is non-rivalrous (many people can use it without contention).
The employee should pay restitution for his deed only if contractually obliged under his employment contract.
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