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Chicago Mercantile Exchange Secrets Leaked To China

timothy posted more than 3 years ago | from the like-coffee-to-south-america dept.

China 121

chicksdaddy writes with this excerpt from Threat Post: "A 10 year employee of CME Group in Chicago is alleged to have stolen trade secrets and proprietary source code used to run trading systems for the Chicago Mercantile Exchange and passed them to officials in China, where he hoped to set up a software firm to help create electronic exchanges, according to a criminal complaint filed in U.S. District Court in Illinois. Chunlai Yang, 49, is alleged to have downloaded "thousands of files" containing "source code and proprietary algorithms" used by CME to run its trading systems. The files were downloaded from a company-owned source code repository maintained by CME to Yang's work computer, then copied them to removable "thumb" drives. The complaint also cites personal e-mail correspondence between Yang and an official in China that contained proprietary CME information."

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Shades of an Earlier Era (3, Insightful)

MarkvW (1037596) | more than 3 years ago | (#36685524)

The United States was mighty competitive with Great Britain around the turn of the last century.

Same game, different faces.

Different faces? (1)

G3ckoG33k (647276) | more than 3 years ago | (#36685564)

Huh? Different faces?

Re:Different faces? (1)

Tsingi (870990) | more than 3 years ago | (#36685622)

Same game, different feces.

Re:Different faces? (-1)

Anonymous Coward | more than 3 years ago | (#36685794)

From the summary:

The complaint...alleges that Chunlai Yang...

Wow, big fuckin' surprise there. Why do American corporations even hire Chinese people? You can take the Chinaman out of China but you can't take the China out of the Chinaman. Everybody knows that. Asians are all weird like that, with their funny loyalty blood-oaths and Crouching Tiger nonsense. Have you ever read The Art of War? Here's a passage from the fifth chapter:

You must strike fast, like the elements of water and earth. When you have the energy of the tree and the strength of the rat, your enemies will fall before you.

HaWha? Ha HA! What kind of fucking nonsensical mumbo-jumbo is that? Likely a result of inbreeding through the millenia because they keep throwing away all of their fresh females. Who would trust somebody from a barbaric culture like that? Not us, I hope.

Do your part. Don't hire Chinamen.

whitepages (0)

Anonymous Coward | more than 3 years ago | (#36686242)

"There is 1 person with the name "Chunlai Yang" in the United States."

Re:Shades of an Earlier Era (2)

SplashMyBandit (1543257) | more than 3 years ago | (#36685790)

Nope. There was no official US Government policy to steal stuff from Britain. Although infraction of copyright and patents were ignored in the US (similar to what China is doing now).

Re:Shades of an Earlier Era (1)

gnick (1211984) | more than 3 years ago | (#36686444)

But this stuff DOES still go on. No idea about what China's official policy is, but France hardly even hides an official policy of commercial espionage concerning the US. I know there will be nay-sayers [] , but I'm not going to hunt references at work.

Re:Shades of an Earlier Era (1)

MarkvW (1037596) | more than 3 years ago | (#36686534)

"Official"? What does that mean? Are you kidding me?

Don't mistake the governmental reflection of the power structure from the power structure itself.

Re:Shades of an Earlier Era (0)

Anonymous Coward | more than 3 years ago | (#36686542)

This is not a troll, please mod up.

Re:Shades of an Earlier Era (0)

Anonymous Coward | more than 3 years ago | (#36688014)

50 cent party stretching hard to legitimize wrongdoing

As usual (-1)

Anonymous Coward | more than 3 years ago | (#36685544)

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Re:As usual (0)

Anonymous Coward | more than 3 years ago | (#36685814)

Thanks for the text wall asshat.....

BTW, The Suspect is a US Citizen (2, Informative)

idontgno (624372) | more than 3 years ago | (#36685648)

so if you're gonna rant about H-1B visas, don't bother.

I suppose you can rant about legal immigration in general, if you want.

I thought this would be a fine example of the problems with H1-B workers, but the phrase "49-year-old Chunlai Yang, who is a naturalised US citizen," kept coming up in news articles about the arrest, so I had to give it up.

Re:BTW, The Suspect is a US Citizen (0)

Anonymous Coward | more than 3 years ago | (#36685692)

This is why being a natural born citizen is so important. Those who think the "birther" issue is silly should take note.

Re:BTW, The Suspect is a US Citizen (4, Insightful)

h4rr4r (612664) | more than 3 years ago | (#36685746)

Lame troll is lame.

Natural born citizens sell out to foreign countries all the time. Greed is not based on nationality or place of birth.

Re:BTW, The Suspect is a US Citizen (1)

GooberToo (74388) | more than 3 years ago | (#36686786)

But nationalism and sometimes racism is.

The fact you have trouble relating to it says wonders about your culture of origin while at the same time, speaks extremely poorly of you in relation to you culture and the greater world around you.

To put it nicely, you referring to the parent post as a troll, is itself a farce and a trollish position to take.

Re:BTW, The Suspect is a US Citizen (1)

h4rr4r (612664) | more than 3 years ago | (#36687090)

The parent is trolling, else he would not have brought up the birther crap.

Over here in reality, people sellout their own nations all the time for money. It happened in the cold war, and for eons before.

Nationalism and racism are for people who have nothing to be personally proud about.

Re:BTW, The Suspect is a US Citizen (1)

jdgeorge (18767) | more than 3 years ago | (#36688208)

Nationalism and racism are for people who have nothing to be personally proud about.

Eep. Apt observation, but rather frightening, when you think about how many people don't have anything to be personally proud about.

Fortunately for me, I'm personally proud having constructed this grammatically correct English sentence, so I'm cool.


Re:BTW, The Suspect is a US Citizen (4, Interesting)

bsDaemon (87307) | more than 3 years ago | (#36685752)

During the Cold War, many Soviet illegal agents (ie, lacking diplomatic cover; not "illegal immigrants") became naturalized US citizens. It is easier for a US citizen to get close to sensitive data, so its par for the course. If the KGB did it, you can bet the MSS is doing it, too. That's not to say he's a plant of the PRC, but I wouldn't be surprised at all. Just saying.

Re:BTW, The Suspect is a US Citizen (1)

Anonymous Coward | more than 3 years ago | (#36685802)

so if you're gonna rant about H-1B visas, don't bother.

Why? He may be a citizen now but have originally entered the US and established legal residency under an H1-B visa.

Naturalized US Citizen, Born in China (0)

Anonymous Coward | more than 3 years ago | (#36685866)

Big Chinese Kudos

Re:BTW, The Suspect is a US Citizen (0)

Anonymous Coward | more than 3 years ago | (#36689146)

hey, hib's are scab labor, end of story.

He must be guilty! (1)

hackingbear (988354) | more than 3 years ago | (#36685684)

Because he's Chinese, in light of our MacArthur-style political climate.

The evidence against him includes screen captures showing Yang in the act of copying source code files to removable drives from his laptop.

Sounds like another Wen Ho Lee [] .

Re:He must be guilty! (5, Informative)

bsDaemon (87307) | more than 3 years ago | (#36685780)

Douglas MacArthur has nothing to do with Joseph McCarthy. If you are going to complain, at least complain about the right thing.

Re:He must be guilty! (1)

idontgno (624372) | more than 3 years ago | (#36685858)

Oh, yeah? Where was your precious McCarthy when the Germans bombed Pearl Harbor?

Re:He must be guilty! (2)

Mikkeles (698461) | more than 3 years ago | (#36685962)

Sitting on Edgar Bergen's knee.

Re:He must be guilty! (1)

cayenne8 (626475) | more than 3 years ago | (#36687070)

Oh, yeah? Where was your precious McCarthy when the Germans bombed Pearl Harbor?

Otter: Germans?

Boon: Forget it...he's rolling....

Re:He must be guilty! (0)

Anonymous Coward | more than 3 years ago | (#36689050)

Oh, yeah? Where was your precious McCarthy when the Germans bombed Pearl Harbor?

You mean when the Japs bombed Pearl Harbor. After the US cut off their oil supply by putting an embargo on them? Who could have guessed they would retaliate. ;)
Probably the central bankers who wanted to get the US into the war.

Re:He must be guilty! (1)

hackingbear (988354) | more than 3 years ago | (#36685914)

Yeah... sorry, trying to beat crowd in posting. Got names mixed up. But you get the idea.

Re:He must be guilty! (2)

SleazyRidr (1563649) | more than 3 years ago | (#36686794)

You know, I've spent years thinking that they were actually the same person. Once again, /. has taught me my one thing for today.

Re:He must be guilty! (1)

iluvcapra (782887) | more than 3 years ago | (#36686886)

Yeah keep it straight. MacArthur was the one who demanded that Truman authorize multiple atomic bombing missions in China during the Korean War; MacCarthy was the one who exposed a Russian soviet spy.

The rabid anti-Chinese/anti-communist pose in American politics is owned by no man, it is decades old, spans generations and represents the finest in American consensus. Horrible, horrible consensus.

Re:He must be guilty! (0)

Anonymous Coward | more than 3 years ago | (#36689486)

Both republicans and both hated communists. One wanted to nuke them all while the other wanted to root them all.

McCarthy-style (1)

hackingbear (988354) | more than 3 years ago | (#36685944)

Fix typo. trying to beat crowd in posting. Got names mixed up. But you get the idea.

Re:McCarthy-style (1, Interesting)

0123456 (636235) | more than 3 years ago | (#36686792)

But with hindsight McCarthy seems to have _under_estimated the USSR's penetration of the US government. He may have been crazy, but it would seem that he wasn't paranoid enough.

Algorithms for what? (0)

Anonymous Coward | more than 3 years ago | (#36685686)

How complicated is an exchange anyway? It's just a FIFO order matching system. Maybe some code to handle the legal side of things (records and such) and situations where trading needs to be halted (eg. flash crash) but other than that I can't see anything special.

What's the deal? What is there to steal?

Re:Algorithms for what? (1)

timster (32400) | more than 3 years ago | (#36686084)

It's a little more complicated than that... CME has a discussion of their match algorithms on pages 42 through 52 of their electronic trading documentation: []

Not that it's necessarily that much harder in principle to implement 10 relatively-simple algorithms, but when you add requirements for performance/latency into the mix it doesn't seem that surprising that there would be some trade secrets in there somewhere.

US Govt Passes Secrets Too! Deliberately (1)

BoRegardless (721219) | more than 3 years ago | (#36685702)

Yup, this is marginally off topic, I admit, but it illustrates private corporation software going to foreign government entitites.

During the Clinton years the Secretary of Commerce forced some companies to sell software to Libya (known for software piracy) for proprietary oil operations (I can't say what) under the threat of federal prosecution if they did not do so.

This amounts to forced transfer of proprietary software, though not including original source code.

I do not think people realize what political deals behind the scenes do to US company's proprietary property when the US government decides to do "Let's make a deal" with foreign dictators that can't be trusted.

Re:US Govt Passes Secrets Too! Deliberately (2)

idontgno (624372) | more than 3 years ago | (#36685762)

The Nixon Doctrine: It's not illegal if the President does it, or orders it done.

Re:US Govt Passes Secrets Too! Deliberately (0)

countertrolling (1585477) | more than 3 years ago | (#36685936)

During the Clinton years the Secretary of Commerce forced some companies to sell software to Libya...

No linky? That sounds like an interesting story.. I mean, it's true that boycotting Israel is illegal [] , but this one I never heard

Re:US Govt Passes Secrets Too! Deliberately (1)

BoRegardless (721219) | more than 3 years ago | (#36689426)

I'm not authorized to name names, but the software was essential to the refining of oil into finished products. Anyone in the industry can guess which of a couple companies that might be.

I can tell you that the firm that had to "turn over" the software, made sure that the code didn't have all the trade secrets in it.

The damnable government highjinks are actually undermining our country's companies, which means our jobs. It is our jobs that get lost when these "giveaways" occur because some political deal happens.

It is true marxist sickness, where the government tells companies to screw themselves and the company has to say back "Fine, now where do you want me to put the screw into myself and how deep?" Kill the Golden Goose kill the employees.

Re:US Govt Passes Secrets Too! Deliberately (1)

BoRegardless (721219) | more than 3 years ago | (#36689452)

Oh, and guess what then happened to the software that went to Libya?

Programmers who rely on income from their customers will expect this.

Suddenly the company who had to "give" the software to Libya started to get calls for software support from all sorts of places through the Mid-East and elsewhere in the world.

So much honesty and trust in the MidEast. Why it must absolutely be nirvana.

Boo-hoo! (-1, Offtopic)

taiwanjohn (103839) | more than 3 years ago | (#36685724)

Why do I find it so difficult to feel sorry for the Wall Street gamblers who got their precious "intellectual property" stolen?

BTW, speaking of Wall St. gamblers... there's a new bill in Congress to reinstate the Glass-Steagall "wall of separation" between investment and commercial banking. Contact your reps to get them on board. []

Re:Boo-hoo! (2)

idontgno (624372) | more than 3 years ago | (#36685824)

obPedant: It's Wacker Drive [] , not Wall Street. Completely different city, too.

Re:Boo-hoo! (1)

taiwanjohn (103839) | more than 3 years ago | (#36685874)

Yeah, you're right, that's completely different. Fat-cat commodities gamblers in Chicago are nothing at all like the ones in NYC.

Re:Boo-hoo! (0, Offtopic)

footNipple (541325) | more than 3 years ago | (#36686744)

Hello taiwanjohn, nice to meet you. I'm a "Fat-cat commodities gambler" here in Chicago. Have been in the business for over 20 years along with writing proprietary software for other "fat-cats" and "fat-cat firms" for even longer. I too pay taxes (a very large amount) and spend money in our economy just like you. So what industry and line of work are you in?

Re:Boo-hoo! (1)

Old97 (1341297) | more than 3 years ago | (#36685918)

Also, the software was taken from the Exchange, not the investors. Investors pay to have their trades made through the Exchange. The Exchange just facilitates the transaction. CME is more like the casino, not the gamblers.

Economic Warfare (1)

bigsexyjoe (581721) | more than 3 years ago | (#36685730)

This is obviously an attempt by the US to sabotage the Chinese economy by getting them to engage in the same kind of economic masturbation that the US does. Do we really want Chinese physicists working on new technologies when ours are at the stock exchanges? If they do that they clean our clocks and completely dominate us.

Re:Economic Warfare (2)

taiwanjohn (103839) | more than 3 years ago | (#36685818)

LOL! So that's what that "" file was all about... ;-)

Re:Economic Warfare (1)

Nerdfest (867930) | more than 3 years ago | (#36685848)

What, you think the Chinese are going to screw with their economy? They know the ins and outs of an American stock exchange ... they can now screw with the US economy. Admittedly, it may be hard to spot though.

Oh Noes! (1)

PPH (736903) | more than 3 years ago | (#36685734)

Not the ...

if( traderID.isInsider() )

... code snippet!

Chinese employees cannot be trusted with secrets (0)

assemblerex (1275164) | more than 3 years ago | (#36685742)

It's been proven time and time again, they will steal and send to china internal documents, critical data and other secrets.

Re:Chinese employees cannot be trusted with secret (0)

Anonymous Coward | more than 3 years ago | (#36685792)

That's the understatement of the decade.

98 28 48 3338 - AK

Re:Chinese employees cannot be trusted with secret (1)

Halo1 (136547) | more than 3 years ago | (#36685952)

Is that so much worse than the US using the CIA and NSA to wiretap and bug foreign companies to steal trade secrets [] for US companies? (search for "Published cases")

Thousand Grains of Sand (5, Interesting)

SplashMyBandit (1543257) | more than 3 years ago | (#36685764)

The Chinese Government has a policy known as the 'Thousand Grains of Sand' where each citizen is encouraged to bring back a little something from overseas if they can. Then one of the hundreds of thousands of state officials implementing this policy will see what the person brought back and dole out any appropriate reward. This is why Chinese citizens (and some Chinese descended citizens who return to the motherland) are being caught all over the World doing this sort of stuff (eg. in New Zealand Chinese regularly get caught stealing agricultural samples that our higher-value export industries are based on). While anyone can be a criminal, I can't think of any other country in the modern age where this is officially sanctioned.

China wants to be number one in the World, and perhaps they will get there, but it seems an awful shame they're so determined to do so that they are quite unethical (from the majority of the rest of the World's point of view). This is not meant to be a bashing of China, or of Chinese citizens, just an explanation of why these events are becoming more frequent for those unaware of the official Chinese Government policy that encourages behavour considered criminal elsewhere. The Chinese Government will smile at you while robbing your house behind your back (although this is nothing compared to how they treat their own citizens).

Re:Thousand Grains of Sand (1)

Kenja (541830) | more than 3 years ago | (#36685868)

But remember, we have to keep low trade tarifs and encourage off shore contracting because of "Globalization". Funny thing is we seem to be the only one doing this. Its like the saying, "what if we had a war and only one side showed up?".

Re:Thousand Grains of Sand (0)

Anonymous Coward | more than 3 years ago | (#36685930)

You mean like kiwis or kiwifruit historically known as chinese gooseberries

Re:Thousand Grains of Sand (2, Interesting)

Anonymous Coward | more than 3 years ago | (#36685932)

New Zealand Chinese regularly get caught stealing agricultural samples that our higher-value export industries are based on

None other than founding father Thomas Jefferson engaged in this sort of agricultural espionage (smuggling two bags or unhulled rice out of Italy, a crime punishable by death at the time), so its hardly new or damning to the Chinese.

Re:Thousand Grains of Sand (2, Insightful)

Anonymous Coward | more than 3 years ago | (#36685964)

The Chinese learned the lessons of history well. Stealing industrial secrets from China was a favourite of Europeans:

"Similar to other European travellers of the period, such as Walter Medhurst, Fortune disguised himself as a Chinese merchant during several, but not all, of his journeys beyond the newly established treaty port areas. Not only was Fortune's purchase of tea plants forbidden by the Chinese government of the time, but his travels were also beyond the allowable day's journey from the European treaty ports."

We'll see if the Chinese stoop as low as the Europeans and Americans did during the Opium War, where they forced the Chinese to buy drugs from them.

Re:Thousand Grains of Sand (0)

Anonymous Coward | more than 3 years ago | (#36686098)

The Chinese Government has a policy known as the 'Thousand Grains of Sand' where each citizen is encouraged to bring back a little something from overseas if they can.

A google search for "Thousand Grains of Sand" shows this and some blogs that link back to this:

It's a completely unsourced article written by some guy who designs wargames and, as far as I can tell, has an undergraduate degree in history from Columbia. There's enough FUD around the internet about China without spreading something which is, well, indistinguishable from a total fabrication. The CPC is certainly a very unpleasant bunch; we probably have enough material without resorting to random internet conspiracies and without making suspect the millions of overseas Chinese.

Re:Thousand Grains of Sand (0)

wiggles (30088) | more than 3 years ago | (#36686138)

Remember: Before there was Machiavelli, there was Sun Tze.

The Chinese have been at this far longer than those of us in the West.

Re:Thousand Grains of Sand (5, Insightful)

jpapon (1877296) | more than 3 years ago | (#36686398)

Oh, please. I have no love for the Chinese government, but even I know that this is in no way unique to them.

For as long as there has been property, there have been thieves. The U.S. stole much of its industrial-revolution era technology from the U.K. Europe stole many of the ideas that brought about the renaissance from the Arabs. The Arabs stole much of this engineering knowledge from the Byzantine Romans. They in turn stole from anyone they could lay their blood covered hands on. That's how it works. How can people on Slashdot bitch about software patents, and then complain about Chinese theft of software?

They're ideas, goddamnit. They spread. That's why they're beautiful.

Re:Thousand Grains of Sand (1)

hackingbear (988354) | more than 3 years ago | (#36686704)

Well said, wish I have mod points.

How can people on Slashdot bitch about software patents, and then complain about Chinese theft of software?

That's known as double standard mixed with scapegoating.

Re:Thousand Grains of Sand (2)

0123456 (636235) | more than 3 years ago | (#36686928)

Well said, wish I have mod points.

How can people on Slashdot bitch about software patents, and then complain about Chinese theft of software?

That's known as double standard mixed with scapegoating.

Only if you don't know the difference between software patents and stealing a company's internal software and giving it to their competitors. They're such different concepts that I can hardly see how anyone could confuse the two.

Re:Thousand Grains of Sand (1)

hackingbear (988354) | more than 3 years ago | (#36687230)

Yes, there is a difference: robbery vs steal.

Re:Thousand Grains of Sand (1)

jpapon (1877296) | more than 3 years ago | (#36687892)

Well, no, I see the difference. I was merely pointing out that if you can steal source code, then it is someone's property. If source code can be someone's property, then software patents do indeed have some merit. I mean, let's say some company had an amazing algorithm, and someone left the company, went to China, and created an imitation of it. The only recourse then would be to claim that they stole a "patented idea"...

Re:Thousand Grains of Sand (0)

Anonymous Coward | more than 3 years ago | (#36686988)

It's fine for the idea itself to spread, but that doesn't mean you should be allowed to STEAL the work of someone else...

Re:Thousand Grains of Sand (1)

jpapon (1877296) | more than 3 years ago | (#36687810)

So you're saying that downloading of anything copyrighted shouldn't be allowed then? Or are you really just saying that you should be allowed to define what property is?

Re:Thousand Grains of Sand (0)

Anonymous Coward | more than 3 years ago | (#36689244)

Fun trivia:Thomas Jefferson purchased a far superior strain of hemp seed from an Indian man who had smuggled them out of China despite an Imperial ban on their export. The Chinese knew their hemp was among the best in the world and were trying to keep foreign competition from getting their hands on it.

  (No, I don't know if this strain would get you high or just give you raging headache if you smoked it, but I'd bet it was the latter.)

Re:Thousand Grains of Sand (0)

Anonymous Coward | more than 3 years ago | (#36686324)

In its early days, the US didn't respect copyright and printers copied popular British authors wholesale.

This whole thing is kind of like terrorism. If your the weak party, fighting with terrorist/guerrilla type tactics makes full sense, otherwise you will be wiped out by facing the enemy head-on and openly/"honorably". If you're the strong party, it makes sense to be willing to face anyone head on and officially frown down upon who doesn't. Even though "all is fair in love and war" and "war is hell". Any rules outside that probably benefits the originating source trumpeting it.

China's strength is the size of their population. The "thousand grains of sand" makes sense for them. I can point to a thousand underhanded US moves over the last century, of them strong-arming the weak, taking advantage of the other party when they could, or plain stealing what they needed to through force/deceit. Often, the US has grown lazy and simply and clumsily plays the bully in the world, which arouses bad feelings. Needless to say, their version of ethics are rules they make up for their own benefit.

Want an example? Here:

Anyway, yeah, the Chinese have become a problem. Frankly, it's one the US built up, starting with Nixon. You guys already had a trade deficit with them starting 1985. It's a bit late to complain about their game, when the US has been exploiting their cheap labor and lack of environmental regulations all this time.

One businessman I know and respect, who is a (major) bit of a conman himself, was astounded how crooked some of the Chinese are. But it's how they operated for 1000s of years. It's nothing new, except instead of just preying on their own population, the rest of the world will get a taste of it too.

Re:Thousand Grains of Sand (0)

Anonymous Coward | more than 3 years ago | (#36686592)

It might look evil from our p.o.v.... and indeed, is it evil, if it hurts us (which is impossible for software, since software is not a physical object, and isn't "stolenâ is the sense of us losing anything.),

but it's not a bad strategy to improve the own country.

I wish everybody in my country would think about actively improving the own country, and taking pride in it, instead of just sitting in front of the TV, consuming stuff he can't pay for, and (for some countries, not for mine, as here, people are ashamed of their country) rambling about how awesome his country is.

Re:Thousand Grains of Sand (1)

kenrblan (1388237) | more than 3 years ago | (#36687316)

Don't worry. The US has a corporate counter-strategy that could be known as the "Billion Clogged Arteries." The overt health destruction agency known as KFC is having a very successful deployment in China.
Deep Fried Success []

Re:Thousand Grains of Sand (0)

Anonymous Coward | more than 3 years ago | (#36687672)

Morals have nothing to do with it. This is why the Chinese Communist party will FAIL, just like all other crooks ultimately will.

Live by the sword, die by the sword..

China vs. the USSR (2)

Zontar_Thing_From_Ve (949321) | more than 3 years ago | (#36685828)

In the past the USSR would steal all the technology it could mostly because they lacked the money to develop their own and the Cold War denied them a good way to develop their own stuff, so they just stole it when they could due to lack of alternatives. The Chinese are flush with cash but they are just lazy. It's much quicker to steal something than to develop it yourself, even when you've got the means to do so. An entire generation of Chinese people are being put to work in their system looking for shortcuts like this. You can steal a fish today from the guy next to you who knows how to fish and thereby feed yourself, but what happens tomorrow when he doesn't come to the river and you don't know how to catch fish yourself?

Re:China vs. the USSR (0)

Anonymous Coward | more than 3 years ago | (#36686012)

IP isn't a consumable resource

Re:China vs. the USSR (1)

ErikZ (55491) | more than 3 years ago | (#36686176)

You sit around for 2000 years not advancing and waiting for the next fisherman to show up.

Tell me... (1)

benjfowler (239527) | more than 3 years ago | (#36685902)

Why don't we just summarily shoot these people for espionage? Or do they get a free pass because they're from big, bad, scary China?

There's a very simple way to deal with China's aggressive, abusive 'Thousand Grains of Salt' campaign: brutally crack down on Chinese spies, and deal with perpetrators mercilessly.

Re:Tell me... (1)

jpapon (1877296) | more than 3 years ago | (#36686420)

That's exactly what they did less than a century ago. Not very progressive, are we?

send him to a federal pound me in the ass prison! (1)

Joe_Dragon (2206452) | more than 3 years ago | (#36685972)

send him to a federal pound me in the ass prison!

Re:send him to a federal pound me in the ass priso (0)

Anonymous Coward | more than 3 years ago | (#36686556)

Why? He's not a pedophile.

You know why America is screwed? (2, Insightful)

MikeRT (947531) | more than 3 years ago | (#36685988)

Because the average American cannot believe their lying eyes that China is now starting to go around the world much like the British Empire in advancing its own interests, building its power, subverting local governments and even yes colonizing (how many Americans know that China is exporting surplus population to Africa to help it acquire resources). Stupid Americans make comments about how we can't rush to judgment that Chinese might be more dangerous than other ethnic groups to hire for sensitive positions, despite the fact that it's public knowledge that their government aggressively engages in and encourages industrial espionage. They have a crowdsourcing program for intelligence (of all types) gathering, for fuck's sake.

But oh no, it's just those evil right-wing extremists and union workers who think China is a serious threat to our people and way of life. Everyone knows they're just a large asian version of Mexico.

Re:You know why America is screwed? (0)

Anonymous Coward | more than 3 years ago | (#36689042)

America should just unscrew itself. PRC, you wanted that code, you got it, no warranty. The final, un-refundable price happens to be equal to the cumulative trade deficit with the PRC for the last 2 decades. Oh don't bother writing a check, we'll just call it even.

Nice title (0)

Anonymous Coward | more than 3 years ago | (#36686010)

The summary says "alleged" and yet the title says differently. Enough with the sensationalism.

Translation.... (1)

hackus (159037) | more than 3 years ago | (#36686332)

You stole our code which rigged the markets so a few can benefit.

How dare you!


What is so secret about exhanges and trade? (1)

scorp1us (235526) | more than 3 years ago | (#36686384)

Buying: I give you money, you give me property.
Selling: You give me money, I give you property.

For an exchange, repeat many times a day for lots of people.

If there is anything more complicated, I want to know about it.

Re:What is so secret about exhanges and trade? (1)

jittles (1613415) | more than 3 years ago | (#36686732)

Joanna: "Hey, what were you guys celebrating last night?"
Peter: "Oh, uh, I'm not really at liberty to talk about it. (She looks at him) I really can't. (Still looking) Alright, so when the sub routine compounds the interest, right, it uses all these extra decimal places that get rounded off. So we simplified the whole thing and we just-- we round 'em all down and drop the remainder into an account that we opened."
Joanna: "So, you're stealing."
Peter: "Uh, no. No, you don't understand. It's uh-- it's very complicated. It's uh-- it's aggregate, so I'm talking about fractions of a penny here. And, uh, over time they add up to a lot."
Joanna: "Oh, okay. So, you're gonna make a lot of money, right?"
Peter: "Yeah."
Joanna: "Right? That's not yours?"
Peter: "Uh, well, it becomes ours."
Joanna: "How is that not stealing?"

Re:What is so secret about exhanges and trade? (1)

Thud457 (234763) | more than 3 years ago | (#36688120)

Richard Pryor [] did it better.

I don't want to go to jail because there are robbers and rapers and rapers who rape robbers!

oh, wait, maybe not...

Did this happen because he was fired? (2)

dcavanaugh (248349) | more than 3 years ago | (#36686494)

I know a number of highly skilled people who have lost their jobs in recent years. Some due to office politics, but mostly it was a combination of downsizing and outsourcing. These folks had some serious knowledge. Management should have considered the consequences of sending these people out the door in search of employment. Let's just say I have seen some spectacular malfunctions of management strategy that I dare not mention in a public forum. Relying on a non-disclosure or non-compete agreement is not much protection when the ultimate sanction (loss of job) is already off the table. If the ex-employee goes to China, good luck with that non-compete agreement.

IT culture has deteriorated to the point where most employees have a "doomsday" thumb drive with all kinds of information that might be helpful at their next job. With nearly 20% of the work force effectively unemployed and the other 80% paranoid about their future, confidentiality is going to be a scarce commodity.

At the upper levels of management, there are golden parachutes for a terminated CEO, CFO, CIO, etc. In return for enough cash to sit back and carefully choose their next job, the quid pro quo is that secrets remain secret. At that level, the problem is acknowledged and solved with money. But there are a lot of secrets at all levels of management these days, and employers seem to be surprised when things leak.

Re:Did this happen because he was fired? (3, Informative)

Anonymous Coward | more than 3 years ago | (#36688650)

Nope. He was fired the day the Feds arrested him.

From :
"Yang had made reservations for a one-way flight to China, due to leave Chicago on July 7, and had asked for corresponding vacation time from his job, the FBI affidavit said."

Re:Did this happen because he was fired? (0)

Anonymous Coward | more than 3 years ago | (#36689698)

They arrested him at the office, so no it did not happen because he was fired. He was arrested first and then fired.

Who fucking care if source code is steal? (1)

Tei (520358) | more than 3 years ago | (#36686622)

You can write it again.... ooops.. you don't need to write it again. Is unfair, but is like stealing some customized pants that only work for you. It will be a disavengate to try to use these pants.

Re:Who fucking care if source code is steal? (0)

Anonymous Coward | more than 3 years ago | (#36686826)

Don't take this the wrong way... Just asking because your grammar is kind of... Are you Chinese by chance?
  p.s. If I can't use these pants, can I borrow yours then?

Scare quotes around "thumb" drives? (1)

PJ6 (1151747) | more than 3 years ago | (#36686750)

Come on, I thought this was News for Nerds.

Re:Scare quotes around "thumb" drives? (1)

goldspider (445116) | more than 3 years ago | (#36687104)

And why do we insist on calling them "thumb drives"? Is the correct term "USB flash drive" THAT onerous?

Re:Scare quotes around "thumb" drives? (0)

Anonymous Coward | more than 3 years ago | (#36688154)

You should feel releave that they didn't call it "finger" lol.

this ain't exactly stealth fighter blueprints here (0)

Anonymous Coward | more than 3 years ago | (#36686846)

C'mon, stock exchange software?
The outcry should only be if there are secrets here the stock exchange don't want you to see.
Why isn't the system processing YOUR money open sourced?

Geez (1)

glittermage (650813) | more than 3 years ago | (#36687640)

Dumb ones are caught...

let them copy our trading system. (0)

Anonymous Coward | more than 3 years ago | (#36688904)

It is the last non-lethal weapon we have left against them. It was and is very effective in destroying our own economy.

If they have the code, they can game the system (1)

Required Snark (1702878) | more than 3 years ago | (#36689228)

If you have access to the algorithms that manage how trades are done, you can potentially manipulate trades to make illegal profit.

1. Steal code

2. Write trading code that cheats the system

3. Profit

Typical Slashdot joke. Except we know what step two is, and a foreign government may be both directly and indirectly supporting the manipulation. The real world isn't quite so funny;.

Relevant ads (1)

Alimony Pakhdan (1855364) | more than 3 years ago | (#36689246)

Anyone else getting lots of Confucius Institute ads lately?
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