"Hustle" and Goldman Sachs
May. 9th, 2010 02:18 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
libertangoThis week, we watched the DVDs for Series 1 of the BBC's Hustle. Very enjoyable, and I keep being dumbfounded they actually got Robert Vaughn for it.
But most amusing to me, though: The first episode has our con artists dangle out "a sure thing" as bait to their less than scrupulous victims/marks... The exact same plot/scheme Goldman Sachs has been accused of employing Sergey Aleynikov to do for them!
For those who don't know: Aleynikov is currently in hot water for allegedly trying to steal proprietary Goldman Sachs software that he wrote for them. Not so well covered (although the link above goes into it) is what the software was intended to do: Trap stock transactions, allow GS to make counter trades (either buy or short as appropriate), allow the original transaction to go through, and then execute the cash-out. All in less than a second. "(T)rading algorithms with low latency requirements responsive to changes in market conditions," said Aleynikov's LinkedIn profile.
The first episode of Hustle was broadcast on BBC One on 24 February 2004. Aleynikov was arrested in 2009.
Fascinating.
But most amusing to me, though: The first episode has our con artists dangle out "a sure thing" as bait to their less than scrupulous victims/marks... The exact same plot/scheme Goldman Sachs has been accused of employing Sergey Aleynikov to do for them!
For those who don't know: Aleynikov is currently in hot water for allegedly trying to steal proprietary Goldman Sachs software that he wrote for them. Not so well covered (although the link above goes into it) is what the software was intended to do: Trap stock transactions, allow GS to make counter trades (either buy or short as appropriate), allow the original transaction to go through, and then execute the cash-out. All in less than a second. "(T)rading algorithms with low latency requirements responsive to changes in market conditions," said Aleynikov's LinkedIn profile.
The first episode of Hustle was broadcast on BBC One on 24 February 2004. Aleynikov was arrested in 2009.
Fascinating.
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Date: 2010-05-09 06:04 pm (UTC)