Chicago Mercantile Exchange Secrets Leaked To 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."
BTW, The Suspect is a US Citizen (Score:3, Informative)
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:He must be guilty! (Score:5, Informative)
Douglas MacArthur has nothing to do with Joseph McCarthy. If you are going to complain, at least complain about the right thing.
Re:Did this happen because he was fired? (Score:3, Informative)
Nope. He was fired the day the Feds arrested him.
From http://in.reuters.com/article/2011/07/02/idINIndia-58048420110702 :
"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."