Mark Kurland, Danielle Chiesi’s partner at New Castle Funds who pleaded guilty to insider trading in Galleon Group case, just got slapped with a 27-month prison sentence and a $900,000 fine for participating in the alleged scheme.
Kurland, 61, had argued for probation saying his life had already been ruined by the insider trading charges. "Regardless of his sentence, Mark's legacy is forever ruined. He can no longer work in the profession he loved and thrived in," his lawyer said.
Meanwhile, Robert Moffat, the IBM exec who also pleaded guilty to securities fraud and conspiracy in the Galleon case in March, had an “intimate relationship” with Chiesi and, therefore, should get a shorter sentence than Kurland, prosecutors said at a hearing today.