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Insider trader Danielle Chiesi jailed for 30 months

BBC – Danielle Chiesi, a former Bear Stearns hedge fund trader said to have used her charms to gain insider tips from company executives, has been jailed.

Chiesi, 45, was handed a two-and-a-half year sentence after pleading guilty in New York for her part in the Galleon hedge fund insider trading case. In a recorded telephone conversation she described how she played an insider source “like a finely tuned piano”.  She was heard laughing after her sentencing, as she shared a joke with an FBI agent who had testified against Rajaratnam.

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