Its quite common in the quantitative finance world. Unscrupulous people steal a model, try and peddle it to a competitor. Thing is most models only work if noon

Its quite common in the quantitative finance world. Unscrupulous people steal a model, try and peddle it to a competitor. Thing is most models only work if noone (or only a few others) are doing the same. Usually when approached, most firms stay above board and report it to the person's employer. Citadel, for instance sued a former employee for steeling a model (he emailed the source for a model to his personal email. He was sued in federal at 8am on a Monday, fired at noon. Criminal charges came months later. Tried dispose g of the evidence by tossing hard drives in the Chicago River. Dive teams were involved to recover the drives. But, Citadel already had all they needed because they monitored all outgoing and internal communication, including MITMing SSL email services.