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Tuesday, July 7, 2009

Is Goldman Sachs Automated Stocks and Commodities Trading Compromise

An Employee of Goldman Sachs Sergey Aleynikov was arrested by FBI at Newark Airport for allege industrial espionage involving the company where he used to work until he apparently resigned. But before he resigned, he has already downloaded some very special and secret codes for Goldamn Sachs automated trading platforms and sent the files to Europe. There is un-named file hosting company in Europe where the files were sent. Are we talking about Forex Day Trading System for Goldman Sachs forex trading or just their stock tradings?  Does it involve mortgage refinancing and mortgage transactions if they have at Goldman Sachs? There are too many questions and not much answer yet.  And does Goldman Sachs involved in the selling of life insurance and other insurance products? 
Sergey Aleynikov was making a 400, 000 dollar a year job at the Goldman Sachs Company and suddenly resigned. This sounds very fishy to me. He is a programmer at the Goldman Sachs.

Excerpts from the nymag.com;

Last Friday, a team of FBI officials arrested Sergey Aleynikov, a 39-year-old former vice-president of Goldman Sachs, at Newark Airport. According to the complaint, Aleynikov had uploaded proprietary information — including the secret code to unlocking Goldman's automated stocks and commodities trading businesses — to an unnamed file-hosting service in Europe just before he resigned from his $400,000-a-year job at Goldman back at the beginning of June. Whether this is a case of international industrial espionage or merely an oopsie, here's the question: Aleynikov, who is being held pending $750, 000 bail, told FBI officials that he had only intended to download "open source" files from the server, and only later realized that he had downloaded "more than he had intended." His wife, for her part, is annoyed that the Fed ruined Fourth of July:

 As you can see in this report is not good for Goldman Sachs. Now people would be thinking how far the damage and can Goldman Sachs recover from this or things will get worst for the company. This is very serious to say the least. If the information that was downloaded and sent to this un-named file server in Europe was important and sensitive to the operations of their automated trading systems, then there might be a lot of stuffs that could have been included in the file transferred.

Are this part of Goldman Sachs Online Currency Trading for their Forex Traders for all their forex trading activities? This are all questions that needs to be answered. Is Goldman Sachs also involved in Mortgage refinancing and mortgage loan? Are this too affected?

Too many why and how does this affect toehr investments with Goldman Sachs....