Logic Bomb Backfires on Sys Admin/Trader

Discussion in 'Trading' started by pcgeek86, Dec 15, 2006.

  1. http://today.reuters.co.uk/news/art...-DC.XML&WTmodLoc=NewsLanding-C7-Tech-2&rpc=92

    Haha owned.

    "Duronio attempted to profit from the attack, the statement said. He bought more than $23,000 in put option contracts for UBS AG stock, betting the stock's price would go down after his "logic bomb" went off.

    But, according to testimony at his trial, the stock remained stable after the computer attack and Duronio lost all of his investment."