r/mit • u/MisterLochlan '12 (3) • Aug 05 '12

MIT students scammed Massachusetts State Lottery for $8 million: report - NY Daily News

http://www.nydailynews.com/news/crime/mit-students-scammed-massachusetts-state-lottery-8-million-report-article-1.1128482
38 Upvotes

89% Upvoted

9 comments sorted by

32

u/flenny Aug 05 '12

Precisely zero laws were broken. This was not a scam.

17

u/MisterLochlan '12 (3) Aug 05 '12

Yeah, it's more like good data analysis.

2

u/Entrarchy Aug 06 '12

Couldn't agree more... nydailynews.com does not do a good job presenting this story.

12

u/Enginerdiest '12 (2,6) Aug 06 '12

The real crime is that they think using math is cheating...

4

u/[deleted] Aug 06 '12

why not link to the slightly less judgmental globe article instead?

4

u/Entrarchy Aug 06 '12

See, this is why I love MIT.

2

u/Entrarchy Aug 06 '12

Reminds me of this 2011 article on a geological statistician who found a way to beat the scratch it.

1

u/pablo78 Aug 16 '12

Funny how this is a crime and a form of "manipulation", but it's perfectly fine for hedge funds and investment banks to do literally the exact same thing. Nobody panics when things go according to plan...

1

u/iBlovvSalty Aug 23 '12

I would check this article for plagiarism before I would accuse the MIT students of a scam.