Former Flow Trader pleads guilty in code theft
It’s currently out of fashion, but last years papers were filled with reports of traders getting busted stealing their employers secret software code. We’ve seen the alleged code thief at Goldman Sachs, Aleynikov.
At Flow Traders USA we’ve learned Jason Vuu has been e-mailing himself several strategies and computer code. Not too smart. Vuu tried to launch his own company, together with his pal Lu. Vuu and Lu face serious prison terms if convicted. Lu will appear in court on February 9, 2015.
Vuu pleaded guilty on “unlawful duplication of computer-related material and unlawful use of secret scientific material”, in return for probation. For both charges the poor fella risks four years in prison.
Glen Cressman, no friends with the Vuu/Lu partners, has been caught too by Flow Traders. Same charges. Mailing himself some lines of code. He has to appear in court next week.
First post!
RT @IMCTrading: Our thoughts are with those impacted by the tragedy in Sydney today #illridewithyou
Cheap tear jerker
kindly read this before referring to Aleynikov in future
http://www.vanityfair.com/business/2013/09/michael-lewis-goldman-sachs-programmer
how hard is to write code that you have to risk it all by trying to steal, looks like one prosecution isn’t enough for these ‘geniuses’ to learn from the mistakes already made in the past
Also
http://www.businessweek.com/news/2014-12-05/futures-trader-charged-by-u-dot-s-dot-with-stealing-firm-secrets
Which tragedy?
they have got the same second name, duh?
Jack, there are only 4 recent comments appearing in the right hand side bar, could this number be increased to 10-15 pls
you could bring up your spam adverts above the recent comment section if that helps?
What about a game changer who stole Getco code and brought it to Tibra ? What’s new in his case ?
nothing new, nobody cares
why has the comment section on dowson+rumi been closed down?
dowson did infact steal money by hammering and collecting bonus cheque but so does all the middle man like lawyers, accountants, agents, retailer, you name it, they all steal their bit in between, the only distinction being what’s legal and what’s no-no, they are all stealing, the biggest thief is the govt itself, 50% taxes, my god, wat a day light robbery
The Christopher Dowson story update is relevant and all he is doing is there for the public to see. Their instagrams are public, and Chris Dowson and Rumi Neely did interviews about how he helps her with Fashion Toast and his Hollywood life now with her. Nobody has done an article connecting Chris Dowson of the Optiver price manipulation to his transformation into the photographer-boyfriend of a fashion blogger. Someone should write about it.
nobody cares, next