
Chiesi at a press conference outside court today
Danielle Chiesi, the former beauty queen turned stock trader was just sentenced to 30 months in prison by Judge Richard Holwell in Manhattan Federal court.
Chiesi, who was once had the ear of hedge fund billionaire Raj Rajaratnam, pled guilty last January to three counts of conspiracy to commit securities fraud.
The domino effect for the District Attorney’s office began here, eventually snaring Rajaratnam himself, along with other traders who are also awaiting sentencing themselves. Donald Longueuil, the former SAC trader will be sentenced on July 29, and Rajaratnam faces his own music...