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Over the course of the Raj Rajaratnam insider trading case, we got to meet many of his most-trusted tipsters, none of them more important to him than Danielle Chiesi. To be sure, guys like Anil Kumar and Rajat Gupta gave Raj good stuff too, but Chiesi had a leg up on the other tipsters because she “used her sexuality to build sources at male-dominated tech companies.” To those not up on industry jargon, that meant she fucked guys for information. In layman’s terms. Executives were apparently powerless against the allure of her “tight red suit with red fishnet stockings” and once they saw her “suggestive” dance moves it was game over. Chiesi had affairs with guys like IBM’s Bob Moffatt, who was more than happy to tip her off (not knowing he was just being used though, Moffat, who cried at least two times in public over Chieis, has since vowed to never open his heart to another woman again, besides his wife), and following coitus, DC would pass the info to Raj. Previously Danielle noted that “There is not even a chance [I] will do one day in jail,” which seems to indicate she did not sleep with the judge sentencing her, as she obviously would’ve gotten the number right, rather than being off by a factor of infinity.
Chiesi, a former hedge fund trader and key defendant in the sprawling Galleon Group insider trading case, was sentenced on Wednesday to 2-1/2 years in prison.
On the flip side, this might indicate she’s been almost completely rehabilitated and shouldn’t have to serve the full time.
Galleon Informant Chiesi Sentenced [Reuters]