Mary, the gist of what you're saying seems to be that Jett couldn't be smart enough to use the computers to cheat the system.
The system took hundreds of man years to design, develop, tested, and implemented. A guy out of business school, with maybe some user manuals, will never fully understand the system and be able to beat it.
First, he was a trained user of the system who knew enough to set up accounts and initiate trades on those accounts. He didn't have to be a computer specialist, just a creative accounting guy who knew how to use the computer just well enough to manipulate the data to achieve his aims.
Second, obviously his knowledge wasn't perfect. He got caught.
As to whether his supervisors aided him directly or indirectly, we'll probably never know. We may have suspicions of this, but nothing was proven.
Since none of this happened, my guess is that Joe Jett has been set up and than trashed by a journalistically challenged and comprised tv anchor (Bill Griffeth).
Something happened -- because on July 21, 1998 a federal judge ordered Jett to repay some $8 million in improper profits. Whatever allegations were made, a judge found them credible enough to order restitution. |
