people pleasers

  • 14 Jun 2011 at 11:07 AM

Danielle Chiesi’s Lawyers Argue She Shimmied Her Way Into Inside Information Out Of A Need To Please, Not Greed

By 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. Continue reading »

  • 07 Apr 2011 at 3:07 PM

Bernie Madoff: JPMorgan, UBS And HSBC ‘Are Going To Have Big Problems’

By Bess Levin

As he’s got time on his hands and there’s something cathartic about letting it all out, Bernie Madoff’s been on a little media tour of late (which will culminate with an appearance on Jerry Springer in a paternity episode you don’t want to miss). His last stop was at New York, where Berns told reporter Steve Fishman it irks him that no one ever cares to mention that he “had a successful business and did wonderful things for the industry” during the so-called “legitimate years.” Most recently he sat down for a little chat with the Financial Times and in an interview that will run in the upcoming weekend edition, told the paper that UBS and HSBC are going to have “big problems” and that JPMorgan? Should run and hide.

“I am not a banker but I know that $100bn going in and out of a bank account is something that should alert you to something,” he said from federal prison in Butner, North Carolina. “JPMorgan got all the financial statements…JPMorgan doesn’t have a chance in hell of not coming up with a big settlement [with trustee Irving Picard, who filed a lawsuit against the bank.”

But enough about them. Let’s get back to Berns. Why did he do it? Apparently in the full interview, Bernie says it wasn’t about the money but rather that he was a people pleaser. Continue reading »