THE GOLDEN CODE

Sergey Aleynikov

Well we see that Goldman Sachs code has been stolen . Goldman say if it were to fall into the wrong hands it could be used to manipulate the market in an unfair way. Well well well whats new there? All it means is someone else will be able to do for themselves, what Goldman are doing at present. I wonder if that was the cause of the glitch on Friday when we saw the extended trading . The Russian Sergey Aleynikov whom uploaded the codes to a German web site say's it was a mistake as he thought he was uploading “open source” files on which he had worked, and only later realised he had accessed more data than he intended . It appears Sergey was offered a job in Chicago with a wage pack of around $1,200,000 a year.

Now did he make a mistake or not. I think to be fair to Mr. Aleynikov I'd let the judge do his work on that one. But I will point out that this man is not slow when it comes to IT. He has some inventions which he worked on to his credit . These appear to be mainly in Telecommunications .

http://www.patentbuddy.com/patentdetails/2740386;jsessionid=26CAF2FC30E031638E48CD86CA05A9D2

http://www.patentbuddy.com/patentdetails/3204170;jsessionid=26CAF2FC30E031638E48CD86CA05A9D2

I believe he did delete most of his tracks but failed to delete or was unaware that there was a backup kept of all work done on Goldmans computers. Still he may not have had any criminal intent as he may have thought he was more or less taking some of the tools from his toolbox to start his new job with.

Anyway here is the actual charge

http://static.reuters.com/resources/media/editorial/20090706/Complaint%20--%20Aleynikov.pdf

as you can see Goldman dont divulged much about the trading programs but we do know that they are to do to with high vol. trades and can be executed with very high speeds . Just the tool a good crook would need!!!!!

I see he made bail ($750,000) so he must appear to be no immediate threat himself. But if the info was on a web site who knows who has it now. You do have to remember that there is a hell of a lot of stuff out there that no one sees. But he was arrested in Newark Liberty International Airport.

Here's something you wouldn't have seen on the net only for this news

http://www.youtube.com/watch?v=hJQ9PyA3TMo&eurl=http%3A%2F%2Fvideos%2Enymag%2Ecom%2Fembed%2Fplayer%2Fcontainer%2F560%2F367%2F%3Fwidget%5Ftemplate%5Fcid%3Dcustom%26content%3D7879JJ0QJQMDP6Q2%26widget%5Ftype%5Fcid%3Dsvp&feature=player_embedded

Yep old Sergy himself doing his thing lol.