Weekend Economists Be Mother May 8-10, 2015

[Demeter]

39. VINEYARED SAKER ON Sergey Aleynikov

http://thesaker.is/ukraine-sitrep-may-07th-2015-by-scott/

SUPPORTING ARTICLES:
http://www.vanityfair.com/news/2013/09/michael-lewis-goldman-sachs-programmer
http://www.nytimes.com/2015/05/05/business/dealbook/ex-goldman-sachs-programmers-twisting-case-has-a-few-turns-left.html?_r=0
http://www.reuters.com/article/2015/05/01/us-goldman-sachs-aleynikov-verdict-idUSKBN0NM43V20150501

The US court convicted a talented programmer from Saint Petersburg of stealing the software algorithm code that he himself wrote and developed. All this is done in order for Goldman Sachs to appropriate Aleynikov’s intellectual property and avoid paying the copyright royalty to the author, and to prevent him from working anywhere else.

It’s all started in 2010, a month after ace programmer Sergey Aleynikov left Goldman Sachs, he was arrested. Loyal to his sentiment that “every American could benefit from some time in jail”, Sergey has been in and out of jail for the past 5 years.

To understand the situation, keep in mind that Aleynikov is the author of the trading algorithm that Goldman Sachs uses. The irony is that no one before could invent such a simple and infinitely complex algorithm for the High Frequency Trading like Sergey has done. Only an engineer with the good old Soviet school mathematical training has enough brain power to accomplish this. Only 1-2% of all programmers at any given time are cable of inventing new algorithms and languages.

You don’t see the EU screaming like banshees demanding the release of an honest, talented, good man, like they do about the Ukrainian Nazi female pilot, a murderess of two Russian journalists. You don’t see Israel demanding an extradition to Israel of Sergey Aleynikov, who is Jewish. No, of course not.

For years now I am following this harrowing, vicious, unstoppable, baseless attacks of the Wall Street on this genius engineer.

Sergey’s story should serve as a caveat emptor for all those young, talented engineers from Russia, China, India and elsewhere who dream of coming to the U.S. to work here and to make it rich. It’s sooo 90s. In 21st century the only ones who gets rich are your American masters. They will use you, and abuse you, and nothing else.

Let Sergey’s story become your warning.