Wall St beauty queen sentenced to 30-months - Goldman Sachs Board member next

[banned from Kos]

http://www.guardian.co.uk/business/2011/jul/20/danielle-chiesi-awaits-sentence

"Chiesi, 45, was the former confidante of hedge fund billionaire Raj Rajaratnam. She pleaded guilty to three criminal counts of conspiracy to commit securities fraud in January, in a move that was seen as a major breakthrough for the prosecution.

Rajaratnam, founder of the Galleon Group hedge fund, was the central figure in the biggest insider-dealing case the US government has investigated since the 1980s. He fought the charges but was found guilty of fraud and conspiracy in May and is awaiting sentencing."


Raj - FORMERLY of Goldman Sachs (he has been fired) is the big fish - he will get 8-10 years.

[aquart]

1. New York? We're jailing Wall Street people?

I'm so proud.

[banned from Kos]

2. Insider trading "like an orgasm" but she did not personally profit! - too funny

"Alan Kaufman, her lawyer, argued that Chiesi, who once compared trading on inside information with an orgasm, had never used the insider information in her personal accounts. He said she was the victim of a "toxic" sexual relationship with Mark Kurland, her former boss and lover at trader New Castle Partners. Kurland, who also pleaded guilty in the Galleon case, is serving 27 months.

According to a letter filed with the court by Chiesi's boyfriend, identified only as "Billy," Chiesi was manipulated by Kurland, who engaged in a "vicious cycle of abuse" and "psychological exploitation" to turn her into his "virtual servant". Chiesi was the 10th person to be sentenced after an insider-dealing investigation that has secured 46 guilty pleas and convictions. After the verdict Kaufman said there was "relief that this was over".