Being I used to write code, this story interests me and it’s happening all over the world with the “smart” people running algorithmic formulas to make money and 
take from those who do not. I just did a post about this topic today with United Healthcare and their algorithmic formulas. This is one of the reason I plaster that word along with a link to the definition in the middle of this blog with hopes of bringing about an awareness and bring some out of “tech denial” so they understand what processes are working either for or against them. The folks at the hospital, peer groups, etc. were entirely befuddled. When you create algorithmic formulas with code that is complex and intricate, the average person has no clue and health insurance has been doing this for a long time. Health insurance carriers and Wall Street are two of the heaviest investors in technology, to have the best designed code and hardware – High Frequency Healthcare.
Hospitalists, Peer Committees and Utilization Struggle to Comprehend United HealthCare Algorithms
Computer code is so modular today and thus there are a number of modules that go into making a program work. In the past with the size of the files reported I find it hard to believe that there was enough to simulate their code machines at Goldman, but there could have been enough to build from for a new program. What do you think Dot Net is with Microsoft? The code has to go somewhere and the basics are there and additional code is written on top to develop from. This way we are not building everything from scratch as it would never gone done. I used to use other people’s modules and incorporate them into the entire scheme after some modifications. Again, I am basing this from what I have read and I personally think this is going to be one touch case. First of all you need a jury that knows what “code” is and how it works, otherwise half of the entire court case is way over their heads and they won’t understand.
Goldman Stolen Code – Has Algorithmic Fraud Become A Business Model in HealthCare Too?
What did AIG have to say back in 1987?
Goldman has the latest version of the Inslaw/PTECH/PROMS software and front run the market including their own clients, that's how they get their money through software with accelerated business intelligence algorithm and aggregation capabilities.
Ex-Goldman programmer Inquisition Continues – Did He Really Steal the Algorithms or Just Worked on Code from Home?
At any rate this will be an interesting show to see how it all plays out and one thing that came out of this was the admittance of Goldman on of how important and how much money those algorithms make for them. Health Insurers are looking for new algorithms all the time. When you have health insurers that are tied in close to Wall Street, there might be some algorithmic aid in here somewhere too.
How Similar is Wall Street to the Health Insurance Business
Some of the links above go back to a year or longer, so I have been watching this for a while and again it is my intention to somehow drag folks out of tech denial and explain that this is how they make money, it’s all about the algorithms being used against the ignorant, you and I for that matter. This is also a big part why the White House has such a strong emphasis on getting the government up to date. Our last administration was heavy in “tech denial” and there was no sense of urgency, but big business saw it differently and went to work on their algorithms as they knew the return would be good, and look at where they are today. They even preach this to others as solutions, but carefully not to wake up the tech denial world as that is what affords their freedom. They got spoiled with 8 years of this type of operation and now it’s changing.
Health Care Insurers Suggest Algorithms and Business Intelligence solutions to provide health insurance solution
The man being prosecuted is smart by all means, smarter probably than everyone else in on the case from both sides so again this will be interesting to see if an intelligent trial is conducted or if it ends up being the same old horse and buggy stuff with all the drama kings and queens. BD
Federal prosecutors said Thursday that Sergey Aleynikov, a former computer programmer at Goldman Sachs, had been indicted on charges that he stole proprietary software that the firm uses to make rapid-fire trades in the financial markets.
The indictment accuses Mr. Aleynikov of theft of trade secrets, transporting stolen property in foreign commerce and unauthorized computer access. If convicted of the charges, Mr. Aleynikov would face up to 25 years in prison, the United States Attorney’s Office in Manhattan said.
Programmer Indicted in Goldman Code Theft Case - DealBook Blog - NYTimes.com
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