For many people, prison is a terrible place that breaks their spirit and turns them into a shell of the person they once were. They grow bitter. They harden. Their looks take a hit. Two people for whom time in a correctional facility actually seems to have served them quite well? The currently incarcerated Raj Rajaratnam, who is said to be in quite “good spirits” and looking fantastic, to boot, and the recently released (early for good behavior) Danielle Chiesi, who looks GOOD and feels GREAT. Read more »
Thirty Months From Now, Danielle Chiesi Could Be Working You For Stock Tips While She Works On Your CuticlesBy Bess Levin
This afternoon, Danielle Chiesi will report to a West Virginia prison for a 30-month stay, for her role in the Galleon insider trading case, wherein she passed valuable tips on to Raj Rajaratnam after the tech execs she worked closely with passed her a few of their own. Chiesi will be bunking at Federal Prison Camp Alderson (former home of Martha Stewart, where “women hide sugar packets and crackers in their socks and conceal larger items like eggs under their shirts”), and while Bloomberg reports that the former beauty queen/Newscastle analyst won’t be living alongside ‘sadistic crack-selling lesbian rapists‘ (“It’s more college campus than Chained Heat, the 1983 exploitation film about women in jail” we’re assured), there may still be a few aspects of prison life about which D-Chi (“they give each other nicknames,” says one former resident) will be less than thrilled. Such as: Read more »
Appearing outside the courthouse after being sentenced to 30 months in prison for her role in the Galleon insider trading case, cracking herself up, Raj Rajaratnam’s number one gal told reporters that should she run into legal troubles again, she’d appreciate it if the FBI “knocked on my door in the afternoon, not at 6AM” before she’s had time to make herself presentable. Read more »
Let him explain. Read more »
Danielle Chiesi’s Lawyers Argue She Shimmied Her Way Into Inside Information Out Of A Need To Please, Not GreedBy Bess Levin
Since they were arrested in late 2009 and during his 8-week trial, one thing we’ve learned about Raj Rajaratnam gal-pal Danielle Chieis is that as the information she passed to the Galleon founder was the best of the best, she was one of his most valuable tipsters. 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.” Executives were apparently powerless to 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. According to Chiesi’s lawyers, who are attempting to keep her out of jail (she pleaded guilty earlier this year), there’s a good reason their clients a) slept with these married men and b) engaged in insider trading. She was a people pleaser. Read more »
Earlier this morning, Raj Rajaratnam was found guilty on 9 counts on insider trading and 5 counts of conspiracy. He is probably not in the best of moods right now, as he may be going away to a place that doesn’t give you extra mayo on the side of your tuna sandwich, for nearly 20 years. But there is some good news, which is that someone will most likely make a movie about this whole thing. To give producers a jump start, we will start the casting process now. Read more »
Raj Rajaratnam Was Blown Away By The Level Of Class Danielle Chieisi Demonstrated While Insider TradingBy Bess Levin
As we’ve previously discussed, Danielle Chiesi herself as admitted she was able to get a leg up on other insider traders by making sure to have both legs up in the air while in the company of some highly placed tech executives. Having said that, she knew that with others, like the guys not interested in opening their ‘hearts‘ to women besides their wives, a different tactic was necessary to get them to spill.
“They’re gonna guide down,” Chiesi told Raj Rajaratnam, according to a wiretap of their conversation on July 24, 2008, six days before Akamai made its public announcement. “I just got a call from my guy. I was talking about the family and everything and then he said, people think it’s gonna go to 25.”
“Honey, you know what, it’s just for us,” Chiesi continued, according to the tape. “We go slow, keep shorting every day.” “I played him like a finely tuned piano,” she added.
It’s one thing to deploy one’s “sexuality to build sources at male-dominated tech companies” but it’s quite another to know when to switch gears and ask questions about how their kids are doing, all the while waiting, knowing what’s coming. That Chiesi had such skills was not the only thing that stuck out to Raj, however. He was equally if not more so impressed with the high moral character she demonstrated while obtaining material non-public information. Read more »