--Three Men Charged with Stealing Company Code from Wall Street Firm (27th August) Three men have been charged in a scheme to steal the source code for the electronic trading software of a Wall Street based firm. Two of those charged were employees of the firm. They are accused of emailing the code from their work accounts to their personal accounts. According to the complaint one of the accused, Glen Cressman, a trader at the firm, sent emails to his personal account which included trading strategies and valuation algorithms. He is charged with two counts of unlawful duplication of computer related material and unauthorized use of secret scientific material. One of his alleged conspirators and former co-worker, Jason Vuu, faces twenty counts of the same charge. Vuu is alleged to have shared the stolen information with a former college friend with the aim to set up their own trading company. bloomberg/news/2013-08-26/three-charged-with-stealing-flow-traders-trading-software.html theregister.co.uk/2013/08/27/wall_street_secrets_stolen_via_email/
Posted on: Sat, 31 Aug 2013 00:36:25 +0000
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