4 ms·

Kind of silly that he got a lengthy sentence after arguing that he was "testing" the software, didn't spend any of the money, and returned it all when asked.

mikece 8y ago
Given the level of automation and monitoring that's being built in The People's Republic I suspect this is more a message of "don't even think about 'innocently' probing systems for vulnerabilities"... imagine the potential chaos if someone figured out how to Blue Screen their version of Domain Awareness?
throwaway5752 8y ago
"Kind of silly that he got a lengthy sentence after arguing that he was "testing" the software, didn't spend any of the money, and returned it all when asked." Everything about the story indicates that he was lying, and only returned it when he was caught.
- londons_explore 8y ago
  I feel like it's the prosecutors job to prove that. Especially if the bank account was with the same bank, then the argument that he was just testing looks quite strong. The money isn't 'stolen' till it leaves the bank. A financial company I know regularly does test payments between employee and automated robot accounts, often on production systems, and they're either trivial amounts (under a dollar) or huge amounts (over a billion dollars). The goal is that the small payments are inconsiquential, and the huge ones are so big there is no way they won't get noticed.
ggggtez 8y ago
Is this sarcasm? He had no intention of returning anything until he was caught. The only thing he was testing was whether he could get away with it.
- CyberDildonics 8y ago
  That seems extremely likely, but to get 10 1/2 years in prison?
  - grawprog 8y ago
    Don't fuck with banks or corporations. Who do you think laws are there to protect? Average people?? Bahahahaha
    - joshstrange 8y ago
      Well... In this case the bank did try to protect him: > Huaxia Bank asked Chinese authorities to drop the case once the money was returned, of which all of the proceeds were recovered. This request was not accepted as "legitimate" by law enforcement, and therefore Qin must serve his sentence. Now they were probably doing it for selfish reasons but still.
      - grawprog 8y ago
        I don't think that invalidates what I said. I never said anything about the bank's actions. Unless banks write laws now?
        joshstrange 8y ago
        I'm really not trying to argue but I can't help but saying.. See: Lobbying?
jstanley 8y ago
If that were the case, why steal 1 million dollars instead of just 1 dollar?
- tlb 8y ago
  Many internal bank audit processes ignore small discrepancies but eventually notice large ones. As apparently this did get noticed. Once you know a single withdrawal works, it's not a meaningless test try a large amount or longer time period.

mikece 8y ago

Given the level of automation and monitoring that's being built in The People's Republic I suspect this is more a message of "don't even think about 'innocently' probing systems for vulnerabilities"... imagine the potential chaos if someone figured out how to Blue Screen their version of Domain Awareness?

throwaway5752 8y ago

"Kind of silly that he got a lengthy sentence after arguing that he was "testing" the software, didn't spend any of the money, and returned it all when asked." Everything about the story indicates that he was lying, and only returned it when he was caught.

londons_explore 8y ago
I feel like it's the prosecutors job to prove that. Especially if the bank account was with the same bank, then the argument that he was just testing looks quite strong. The money isn't 'stolen' till it leaves the bank. A financial company I know regularly does test payments between employee and automated robot accounts, often on production systems, and they're either trivial amounts (under a dollar) or huge amounts (over a billion dollars). The goal is that the small payments are inconsiquential, and the huge ones are so big there is no way they won't get noticed.

ggggtez 8y ago

Is this sarcasm? He had no intention of returning anything until he was caught. The only thing he was testing was whether he could get away with it.

CyberDildonics 8y ago
That seems extremely likely, but to get 10 1/2 years in prison?
- grawprog 8y ago
  Don't fuck with banks or corporations. Who do you think laws are there to protect? Average people?? Bahahahaha
  - joshstrange 8y ago
    Well... In this case the bank did try to protect him: > Huaxia Bank asked Chinese authorities to drop the case once the money was returned, of which all of the proceeds were recovered. This request was not accepted as "legitimate" by law enforcement, and therefore Qin must serve his sentence. Now they were probably doing it for selfish reasons but still.
    - grawprog 8y ago
      I don't think that invalidates what I said. I never said anything about the bank's actions. Unless banks write laws now?
      - joshstrange 8y ago
        I'm really not trying to argue but I can't help but saying.. See: Lobbying?

jstanley 8y ago

If that were the case, why steal 1 million dollars instead of just 1 dollar?

tlb 8y ago
Many internal bank audit processes ignore small discrepancies but eventually notice large ones. As apparently this did get noticed. Once you know a single withdrawal works, it's not a meaningless test try a large amount or longer time period.