Danielle Chiesi “Information is an Orgasm”
Danielle Chiesi went from beauty queen in younger days, a spy for a hedge fund in recent times. Now she will spend the next two ½ years in prison for insider trading.
He said the prosecution during the trial, Danielle Chiesi, 45, was the “consummate infiltrator” in the scam staged by Galleon Group, the largest fraud insider trading by a hedge fund in the history of Wall Street.
With an elegant pink dress with matching pearl necklace, Chiesi heard the judge’s ruling in Manhattan, Richard Holwell.
“The message to Wall Street has to be loud and clear: if insider dealing in, you get caught, if you’re convicted, you will be sent to jail,” said Holwell.
“It will not happen again,” he had said Danielle.
Journalists who were at the gates of the court told them: “I told the FBI that if he ever returns to knock on my door, do it for the afternoon. Not at 6:00.”
Danielle used her charm and appearance to talk and then get powerful sources and filter information on corporate activities, according to the indictment.
Chiesi said about the traffic of information: “It is an achievement. It is great for me mentally. An orgasm” according to one of the recordings could be heard during his trial and had been made during the government investigation, which uncovered the plot in October 2009.
The defense also appealed to the passions to justify the actions of his client, asked for leniency in sentencing brandishing his actions were due to a stormy affair with his former boss, Mark Kurland, who has also been convicted in the case (must turn 27 months in prison).
In January, Chiesi pleaded guilty to 3 charges of which he was charged, according to The New York Times. Through tears, he admitted that “crossed the line” by leaking confidential information received while working in New Castle Funds. He admitted having leaked information about IBM, Advanced Micro Devices and Sun Microsystems.
According to the indictment, which called for 3 years in prison, their activities would have reported between $ 1.7 million and $ 4 million.
Now, you must spend the next 30 months in prison.
And 2 years probation + 250 hours of community service.
You must also pay a fine and submit and receive psychiatric care and treatment for his addiction to alcohol.
In this case there are now 9 convictions and the principal defendant is the millionaire Raj Rajaratnam, Galleon Group founder and who allegedly provided information Chiesi.
Rajaratnam, accused of having obtained more than $ 20 million investment based on insider trading, was convicted in May and know what your sentence, which Judge Holwell also hold. He faces 25 years in prison.
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