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Meet "Ben Pu" - The Aleynikov Sequel: Quant Powerhouse Citadel Arrests Former Employee For Stealing "Alpha" Code

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Thu, 10/13/2011 - 12:20 | 1769904 TuesdayBen
TuesdayBen's picture

The Chinese are infiltrating.  They've even taken over the LPGA tour.

Thu, 10/13/2011 - 12:33 | 1769964 DormRoom
DormRoom's picture

He's climbin in your windows

He's snatchin your algos up

Tryna /sbin/dump -0u -f /dev/st0 /usr/src em so y'all need to

Hide your disks, Hide your drives. Hide your disks,

Hide your drives. Hide your disks,

Hide your disks, Hide your drives. Hide your /dev/null,

Cuz they're /sbin/dump -0u -f /dev/st0 /usr/src errbody out here

Thu, 10/13/2011 - 12:47 | 1770016 Storch
Storch's picture

He forgot to wipe.

The drive.

Heyoooooo

Thu, 10/13/2011 - 13:10 | 1770088 Bwahaha WAGFDSMB
Bwahaha WAGFDSMB's picture

Yeah, what are the odds of this evidence not being planted?

Thu, 10/13/2011 - 13:20 | 1770113 redpill
redpill's picture

"Alpha" code for beta channel stuffing?  The irony...

 

Thu, 10/13/2011 - 13:58 | 1770282 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Yeah, no kidding. Found in the sewer?! Geez, not to mention, putting any hard disk or memory stick in the microwave for about 10 seconds would frazzle any data on the drive, regardless of where you flush it later. Note to self: never hawk your programming talents at Citadel.

Fri, 10/14/2011 - 03:16 | 1772621 fajensen
fajensen's picture

No, It will not. You have to physically destroy the media containing the data. The blender for a memory stick, Tree-shredder for harddrives. Or burn them. But this takes time and preparation.

In the defence gear I worked with they had a "thermite pack": A sealed aluminium tube filled with thermite then routed to larger pouches of thermite around the secret bits. The case was high in magnesium too. Even then there was a $$$ "Hammer and Nail" tool permanently attached. Using the hammer on the "nail", one was supposed to punch out specific locations to smash the chips underneath, while being overrun and supposedly with the thermite ignition countdown running for assured destruction.

The microwave just fries the electronics on a HDD. Then They will take the platters out and plonk them in an identical HDD, which may be the best outcome for all parties concerned because this saves Them & You the inconvenience of putting you in some shithole like Bagram and rubberhosing the data out of you!

Thu, 10/13/2011 - 14:13 | 1770364 trav7777
trav7777's picture

you can't wipe a drive...coercivity is so high on those that you will mechanically damage the platters before you actually erase the bits.  You have to melt/burn the things

Thu, 10/13/2011 - 12:21 | 1769905 HANKREARDON
HANKREARDON's picture

That stinks.

Thu, 10/13/2011 - 12:37 | 1769975 GeneMarchbanks
GeneMarchbanks's picture

Pu was flushed from the inside.

Thu, 10/13/2011 - 13:43 | 1770165 redpill
redpill's picture

There once was a boy named Pu

He worked for a fund but wasn't a Jew

So when the shit hit the fan

He quickly got canned

Due to hard drives found in doo-doo!

Thu, 10/13/2011 - 12:21 | 1769906 legal eagle
legal eagle's picture

Their work belongs in the sewer.

Thu, 10/13/2011 - 13:12 | 1770096 Nascent_Variable
Nascent_Variable's picture

Citadel security doesn't take crap from anyone.

Thu, 10/13/2011 - 13:35 | 1770160 Greater Fool
Greater Fool's picture

Citadel generally is not an outfit to get on the wrong side of.

Thu, 10/13/2011 - 12:22 | 1769910 ziggy59
ziggy59's picture

Banks are the only ones allowed to steal. Steal from them or crooksrus.com, look out.

Thu, 10/13/2011 - 12:34 | 1769969 redpill
redpill's picture

So while TPTB scramble to track down Lulsec "cyber terrorists" who launch the occasional DDOS attack, here we have companies like Citadel that no longer have anything to do with sound financial analysis but are nothing more than institutionalized, subsidized, legalized hackers who seek to exploit the electronic medium of financial markets on the backs of the rest of the investing world.  Not because they undertand fundamentals, or do rigorous analysis, but because they hire Chinese programmers to write their scam code.  What a joke.

Thu, 10/13/2011 - 12:36 | 1769974 DormRoom
DormRoom's picture

American Finance Association slogan: "We move bits around--and that's about fuck all. so you don't have to."

Thu, 10/13/2011 - 12:31 | 1769926 Smithovsky
Smithovsky's picture

If he marries Karen Yu and she hyphenates her last name, she will be Mrs. Yu-Pu

Thu, 10/13/2011 - 12:40 | 1769990 redpill
redpill's picture

Don't forget Fook Mi and Fook Yu!

 

http://www.youtube.com/watch?v=vj1SyWntdo4

Thu, 10/13/2011 - 13:10 | 1770083 DOT
DOT's picture

.

Thu, 10/13/2011 - 16:36 | 1771055 Freddie
Freddie's picture

Maybe he can go back to China to design sinking riverboats.

Thu, 10/13/2011 - 12:26 | 1769928 homersimpson
homersimpson's picture

Ben Pu, meet Hu Flung Dung in Shawshank..

Thu, 10/13/2011 - 12:29 | 1769949 redpill
redpill's picture

And don't forget Kum Fum Sum Yung Gai.

 

Thu, 10/13/2011 - 12:35 | 1769971 carbonmutant
carbonmutant's picture

Probably related to Won Hung Lo...

Thu, 10/13/2011 - 12:28 | 1769935 redpill
redpill's picture

Frontrunning and screwing retail investors adds SUCH value to our economy.  We need more businesses like this, then surely the current robust recovery will only become more accelerated.

Thu, 10/13/2011 - 12:34 | 1769954 hedgeless_horseman
hedgeless_horseman's picture

I remember when frontrunning was illegal.  That was when the NASD back-office examiners had AEM on their laptops instead of tranny-porn.

Thu, 10/13/2011 - 12:42 | 1769995 redpill
redpill's picture

When the SEC says they are "working hard" most people don't take their meaning properly.

Thu, 10/13/2011 - 12:49 | 1770025 karzai_luver
karzai_luver's picture

too bad this was stopped as there were many Obamanits waiting to bankroll the startups that would bring 10s of yobs before the next donation cycle peaks.

 

eating our seed corn bichezzzzz

 

 

Thu, 10/13/2011 - 12:28 | 1769936 ian807
ian807's picture

And I'm *sure* they compensated Mr. Pu fairly, from their point of view (giggle). Citadel is neither the first, nor the last hedge fund that's getting the rather expensive lesson that when it comes to programmers and quants, you have to pay to play and that means trader sized compensation and/or an equity stake for the programmer.

Get it, or go down in flames.

Thu, 10/13/2011 - 12:28 | 1769941 Sabibaby
Sabibaby's picture

For are smart as some these people are it's suprising they throw out their hard drives into the sewer without writing zero's to them first. Hell, stick some magnets to the drive before you toss it out. Also, what the heck was it doing in the sewer and not his PC at home?

Thu, 10/13/2011 - 12:33 | 1769966 Smithovsky
Smithovsky's picture

Mr. Pu thought it would be safer in the sewer, with his relatives.  

Thu, 10/13/2011 - 12:58 | 1770054 karzai_luver
karzai_luver's picture

smart and seeming white hot stupidity exist in all,,,,,that's humans for ya!

 

Fri, 10/14/2011 - 03:46 | 1772635 fajensen
fajensen's picture

Most smart people are not smarter than "normal people" when working outside of their domain, but they naturally still think that they are smarter than everyone else; a common expert fallacy. Investment advisers and other salespeople *love* that trait in highly-paid people.

Thu, 10/13/2011 - 12:34 | 1769945 bartek
bartek's picture

Maybe the guy was planning to sell each "alpha" for $20 million a pop to Huen Shue (well known chinese government agent)

Thu, 10/13/2011 - 12:29 | 1769946 fuu
fuu's picture

Bullish for shit.

Thu, 10/13/2011 - 12:30 | 1769947 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Here's the code right here:

 

while( Ponzi == true )

{

SPY->Buy( rand() % 100 );

// Ponzi = false;

}

Thu, 10/13/2011 - 12:30 | 1769951 PicassoInActions
PicassoInActions's picture


Ben Pu

 now works for Apple so they wont get much luck with apple employers, he redesign the code into the SIRI and now he does all his trades by simply speaking to an iphone

Thu, 10/13/2011 - 13:02 | 1770065 slewie the pi-rat
slewie the pi-rat's picture

with a first name like Yihao, i woulda suggested he keep his name yeeeeehooowwpuuu!  just for the piratical beuaty of it all

Thu, 10/13/2011 - 13:05 | 1770076 redpill
redpill's picture

I hate to Pu Pu your idea, but with a name like that some may find it arrogant in a way, almost as if he thought his pu didn't stink.

Thu, 10/13/2011 - 13:13 | 1770102 Larry Dallas
Larry Dallas's picture

Anyone remember Bang Dae Ho?

Thu, 10/13/2011 - 13:21 | 1770118 redpill
redpill's picture

He and Ben are actually gay lovers and getting married in NYC this week.  They will be hyphenating, something Bang Dae Pu-Ho has been looking forward to for a long time.

Thu, 10/13/2011 - 12:30 | 1769952 vegas
vegas's picture

I've been hanging around sanitary canals for a long time and I've never found a hard drive filled with awesome algos. Must be digging through the wrong shit.

Thu, 10/13/2011 - 13:06 | 1770078 redpill
redpill's picture

Yeah, I think on that Dirty Jobs show they had an episode about the Citadel Recovery Team (tm).

Thu, 10/13/2011 - 12:31 | 1769957 bartek
bartek's picture

We should go back to the system based on 8's and 16' instead of pennies. That would throw a wrench into their operations

Thu, 10/13/2011 - 12:39 | 1769987 hedgeless_horseman
hedgeless_horseman's picture

...and $2 brokers.

Thu, 10/13/2011 - 12:32 | 1769959 carbonmutant
carbonmutant's picture

Sounds like ol' Ben was under constant surveillance...

Thu, 10/13/2011 - 12:33 | 1769965 Ramboy
Ramboy's picture

Engineering and computer department at all banks are 99% asians with thick bifocals all stuffed in 2 floors in Jersey City.

Thu, 10/13/2011 - 12:34 | 1769968 Pythaes
Pythaes's picture

Hard drives dumped into the Chicago River...Nice work....

Thu, 10/13/2011 - 12:59 | 1770059 redpill
redpill's picture

A scuba-diving Rahm found them at the bottom while he was looking for some more voters for the next election

Thu, 10/13/2011 - 15:47 | 1770812 Pythaes
Pythaes's picture

what was on them?

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