Danielle Chiesi, the 47-year-old securities analyst who pleaded guilty to securities fraud in the biggest U.S. insider-trading crackdown, is back in town.
So much for doing 'hard labour'.
Preet Bharara, the United States Attorney for the Southern District of New York, announced Wednesday that Danielle Chiesi was sentenced to 30 months in prison for her participation in insider trading crimes with, among others, Raj Rajaratnam, the former head of the Galleon Group family of hedge funds.
Danielle Chiesi and her lawyer, Alan Kaufman, speak after her sentencing in New York. Chiesi, the former New Castle Funds LLC analyst who was heard on a federal wiretap passing secret tips to Galleon Group LLC co-founder Raj Rajaratnam, was sentenced to 2 1/2 years in prison.
Danielle Chiesi, claiming her former boss Mark Kurland at New Castle Funds LLC used their 'toxic' sexual relationship to manipulate her into feeding him inside tips, asked a judge to sentence her to less prison time than he got for his role in the Galleon Group LLC insider-trading scheme.