Chicago trader gets 1 year in prison for stealing ex-employer's computer code
- Thread starter ajacobson
- Start date
you mess the mafia or 'racket' the guys lucky his throat wasn't cut for stealing from THEM!
these guys even bribed the judge to give harsh message to other 'theives'
most companies just fire the employee, not charge them with theft and one year in prison..society loses when people unnecessarily goes to prison for a not a real crime. nothing is 'stolen'
total baloney, there is no secret to trading.
there is no patent either on pricing of options,or stocks .
these guys think the can 'patent' and math equation or patent a quote.
there is no patent on the markets.
these people think the can patent a line of code or patent the human DNA or patent nature. or patent the H20 or patent water.
15 years of data, you mean, they use historical data to make their algorithms. nothing new, these automated programs just copy human traders okay. just automated. there is no patent.
these guys even bribed the judge to give harsh message to other 'theives'
most companies just fire the employee, not charge them with theft and one year in prison..society loses when people unnecessarily goes to prison for a not a real crime. nothing is 'stolen'
total baloney, there is no secret to trading.
there is no patent either on pricing of options,or stocks .
these guys think the can 'patent' and math equation or patent a quote.
there is no patent on the markets.
these people think the can patent a line of code or patent the human DNA or patent nature. or patent the H20 or patent water.
15 years of data, you mean, they use historical data to make their algorithms. nothing new, these automated programs just copy human traders okay. just automated. there is no patent.
When are you people going to grasp that there is absolutely no difference between an employee who you pay to build a car stealing that car and an employee who you pay to build software stealing that software! I know it's hard for some to grasp the concept that something you can't touch and feel can still have significant value, but seriously, what's wrong with you? This has nothing to do with a patent, it has everything to do with the rule of law in the United States which is what separates us from places like China where everyone seems to have your attitude that intellectual property can be freely stolen. You clearly have never owned a company or built anything with an enterprise value.
L
lovethetrade
The right result IMO, people experience blood, sweat and tears trying to create valuable intellectual property. Some people experience breakdown of relationships and major health problems like heart attacks, diseases and cancer that goes unnoticed and uncorrelated. Why should someone that's never worked hard in their life for anything, that's totally incapable of creating the intellectual property on their own, be allowed to just come along and steal it when another person has to go through so much effort and/or pain to get it? The ability to create valuable intellectual property doesn't happen overnight or only during the project's development phase, its usually the accumulation of knowledge and skill over most of a person's life.
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Not surprised, sometimes code can cost millions of dollars.