The only employee of Goldman Sachs to go to jail in the aftermath of the financial crisis was the employee Goldman Sachs wanted sent to jail, for taking something from Goldman Sachs.
"If Molinero is right, then Michal Galas became a quant a long time ago. For his PhD, Galas is building what he calls an ‘adaptable algorithm trading portfolio’ – a production line of automated trading strategies, from which computers will select the most appropriate one, depending on what is happening in a particular market. Algorithms upon algorithms upon algorithms. Galas imagines it as a hedge fund without employees. ‘There is no human intervention necessary,’ he said.”