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[ISN] Hoaxster hacker discovers infinite-wealth algorithm



Forwarded from: William Knowles <wk@xxxxxxx>

http://www.theregister.co.uk/content/7/30185.html

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 
locating him. 

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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