Recent content by wadewatts

He didn't even write the code dude. Please don't jump to conclusions without all the facts. If a precedent is incorrectly set, any software engineer can be accused and arrested for how their software was used.

Go read DOJ and CFTC complaint. It was presented as evidence by DOJ in an open court. If you believe the govt, why won't you believe the case they presented and lost?

Yeah, government never accuses any innocent people. /s

This was already tried in a federal courtroom and DOJ lost. Govt own witness testified that he didn't reveal any stategy and the word spoofing wasn't used in discussions or requirements. Based on govt witness testimony judge threw the the case out before even it went to the jury. Usually a...

There was a trial in federal court by DoJ and FBI. The case got dismissed mid trial and subsequently withdrawn. The judge even scolded the DoJ several times for bringing such a "thin" case and not knowing what their choosing arguments would be because DoJ didn't have a leg to stand on. It was...

The software was developed by someone who worked for Mr Thakkar in 2011. Mr Thakkar didn't even write any code, he was simply running a software company that did some custom programming with lots of options. Traders don't reveal their strategies to programmers. Please read follow-up updates...

The case is from 2011. Seems like you don't have all the details. John Lothian knows what he is doing and has intently followed the case.

The link you posted is prior to recent events, the case is continuing without ant settlement. Just like DOJ, cftc will lose this.

This has a huge impact on trading software industry. However many of us have been quiet and on the sidelines the especially large software firms who have gained by the legal victories secured by Jitesh so far. This man is fighting for all of us and his own survival. He deserves our support...