[Infowarrior] - Goldman Sachs pwnage and oops

[Richard Forno]

(c/o Lyger)

This seems interesting if true:

http://market-ticker.org/archives/1181-Goldman-Pwned.html

" While most in the United States were celebrating the Fourth of July  
holiday, a Russian immigrant living in New Jersey was being held on  
federal charges of stealing secret computer trading codes from a major  
New York-based financial institution. Authorities did not identify the  
firm, but sources say that institution is none other than Goldman Sachs.

The charges, if proven, are significant because the codes that the  
accused, Sergey Aleynikov, tried to steal are the secret sauce to  
Goldman's automated stock and commodities trading business. Federal  
authorities contend the computer codes and related-trading files that  
Aleynikov uploaded to a German-based website help this major financial  
institution generate millions of dollars in profits each year."

[...]

"Well give a damn they did this time, and the affidavit that Zerohedge  
has makes clear what they claim they've got this guy cold on - the  
"bash history" file they're referring to is a Unix system log that the  
"shell", or command interpreter, automatically keeps.  Said alleged  
offender apparently was aware of this file and tried to erase it after  
doing his deed, but was unaware that the system he was working on had  
auditing enabled (oops.)"

http://zerohedge.blogspot.com/2009/07/is-case-of-quant-trading-industrial.html

I generally like Denninger's blogging, and this might have some effect  
on markets depending on how it plays out. *shrug*


(more from Reuters:  http://blogs.reuters.com/commentaries/2009/07/05/a-goldman-trading-scandal/)