Wednesday, July 20, 2011

Trader Chiesi hears sentence today

It's judgement day for Danielle Chiesi, the former beauty queen turned trader who pleaded guilty to insider trading earlier this year.

Chiesi, 45, is scheduled to appear before judge Richard Holwell in Manhattan federal court at 2 p.m. today, where she will be sentenced for sharing illegal stock tips with her hedge-fund buddies, including Raj Rajaratnam, the founder of Galleon Group.
Prosecutors are expected to ask that Chiesi receive between 36 and 46 months in prison. But Chiesi's lawyer, Alan Kaufman, will ask that she at least be handed a lighter sentence than the one given her former boss at New Castle, Mark Kurland, who's currently serving 27 months….

http://www.nypost.com/p/news/business/time_on_the_inside_R4JUF3s6OuUkpcGs4Q00WM

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