Bloomberg reports that Danielle Chiesi, claiming her former boss 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.
Mark Kurland, New Castle’s co-founder, “engaged in a ‘vicious cycle of abuse’ and ‘psychological exploitation’ to turn Dani into his ‘virtual servant,’” Chiesi’s lawyers argued in a sentencing memorandum yesterday, quoting a letter to the judge from her boyfriend, Billy.
Chiesi, who was an analyst at New Castle, and Kurland both pleaded guilty in connection with a government investigation of hedge-fund insider trading centered on Galleon and its co- founder, Raj Rajaratnam. Chiesi asked U.S. District Judge Richard Holwell for less prison time than the 27 months Kurland received last year….
Find Out More At:
http://www.bloomberg.com/news/2011-06-13/chiesi-should-serve-almost-4-years-in-prison-u-s-says-in-insider-case.html
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