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Goldman Sachs Makes Bernie Madoff Look Like Pick Pocket

Goldman Sachs has admitted that it's trading software allows it to manipulate the market:  July 9 (Bloomberg) -- Never let it be said that the Justice Department can?t move quickly when it gets a hot tip about an alleged crime at a Wall Street bank. It does help, though, if the party doing the complaining is the bank itself, and not merely an aggrieved customer.Another plus is if the bank tells the feds the security of the U.S. financial markets is at stake. This brings us to the strange tale of Goldman Sachs Group Inc. and Sergey Aleynikov.Aleynikov, 39, is the former Goldman computer programmer who was arrested on theft charges July 3 as he stepped off a flight at Liberty International Airport in Newark, New Jersey. That was two days after Goldman told the government he had stolen its secret, rapid-fire, stock- and commodities-trading software in early June during his last week as a Goldman employee...continue to full post

Full post as published by Crime & Federalism on July 13, 2009 (boomark / email).