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[ISN] Hoaxster hacker discovers infinite-wealth algorithm
Forwarded from: William Knowles <wk@xxxxxxx>
By Thomas C Greene in Washington
Posted: 10/04/2003 at 09:19 GMT
Hacker stunt-double and convicted financial fraudster Kim Schmitz (aka
Kimble) is up to his old tricks, this time with a package of techno
trickery for making a killing in the stock market. To satisfy the
dreams of instant fortune common to those who believe in fairy tales,
he's devised an "AI-based decision system" for share trading which
scientifically "selects the optimal combination of trading strategies
for current market conditions".
It's called Trendax, "the money-making machine," and it "uses a
complex combination of sophisticated technical analysis, real-time
content analysis of news feeds, multi-dimensional statistical analysis
and advanced proprietary mathematical techniques," we're told.
If the technobabble alone isn't enough of a clue, we might recall that
only last Summer a Munich court rewarded Schmitz with a twenty-month
suspended sentence for running a stock manipulation scam called
Kimvestor expected to net him something in the range of $1.5 million.
Also at around that time, he'd been promoting his name and his scheme
with the creation of a 31337 hacker crew called YIHAT (Young
Intelligent Hackers Against Terrorism), which claimed to have
penetrated Osama bin Laden's bank accounts and to be on the verge of
Undaunted by his near-jail experience, Schmitz has brought his
enviable knowledge of computer science to bear in creating the
all-seeing Trendax "AI Brain," a mighty digital oracle which boasts
such features as "neural networks for market movements with
multi-dimensional analysis of market conditions using proprietary
indicators," and "lexical analysis, a natural language processor and
machine learning." Even better, it possesses capabilities in "reverse
optimization using various mathematical algorithms, fuzzy logic,
genetic algorithms [and] evolutionary computing."
Minimum investments of $50,000 in the Trendax fund are now being
accepted from those eager to enjoy a once-in-a-lifetime experience.
"Communications without intelligence is noise; Intelligence
without communications is irrelevant." Gen Alfred. M. Gray, USMC
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