Former Citadel High Frequency Head Terrified Of Porn, Not Prosecutors

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Heads of high frequency trading desks have a lot of top secret, propriety information on their mini super-computers at work. Statistical arbitrage models sit there as the potential door to lightening quick profits. But when Mikhail Malyshev, the former head of Citadel's high-frequency trading group, started dropping napalm on his hard drive before taking off for his new firm, Teza Trading, it wasn't to destroy any evidence of stolen files. No, Malyshev was trying to prevent people from making a far more terrifying discovery about another high frequency pursuit of his.

During a hearing yesterday, Malyshev admitted that he had used scrubbing software on his computer to irretrievably delete some files. But he told Citadel lawyer Brian Sieve that "it was not my intent to destroy evidence related to this case." Malyshev said he was simply trying to remove any trace of adult videos he didn't want discovered, despite the fact that his lawyers had reached an evidence-preservation accord with the judge earlier that day

Ex-Citadel Exec. Sued By Hedge Fund Admits Destroying Computer Files [FINalternatives]

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