It’s currently out of fashion, but last years papers were filled with reports of traders getting busted stealing their employers secret software code. We’ve seen the alleged code thief at Goldman Sachs, Aleynikov.
At Flow Traders USA we’ve learned Jason Vuu has been e-mailing himself several strategies and computer code. Not too smart. Vuu tried to launch his own company, together with his pal Lu. Vuu and Lu face serious prison terms if convicted. Lu will appear in court on February 9, 2015.
Vuu pleaded guilty on “unlawful duplication of computer-related material and unlawful use of secret scientific material”, in return for probation. For both charges the poor fella risks four years in prison.
Glen Cressman, no friends with the Vuu/Lu partners, has been caught too by Flow Traders. Same charges. Mailing himself some lines of code. He has to appear in court next week.