Welcome!

SOA & WOA Authors: Pat Romanski, Tim Estes, Maureen O'Gara, Elizabeth White, Liz McMillan

Related Topics: SOA & WOA, Security

SOA & WOA: Article

Dani Gets 30 Months in the Slammer

She pleaded guilty to three counts of conspiracy to commit securities fraud in January
By Maureen O'Gara
Article Rating:
July 21, 2011 07:00 AM EDT
Reads:
 664

Ex-beauty queen-turned-inside trader Danielle Chiesi, the ex-lover of ex-IBM server chief and ex-CEO candidate Robert Moffat, was sentenced to 30 months in jail Wednesday followed by two years probation and 250 hours of community service.

She pleaded guilty to three counts of conspiracy to commit securities fraud in January after her case was severed from her buddy's Galleon hedge fund founder Raj Rajaratnam, who was subsequently found guilty of 14 counts of securities fraud and conspiracy.

Rajaratnam is expected to be sentenced to a very long time in the slammer in late September.

Wiretaps of Chiesi and Rajaratnam's trading inside information on companies like AMD and IBM were a high point of his trial.

Her lawyers had asked for less than 27 months arguing that she was the victim of a "toxic," psychologically manipulative sexual relationship with Mark Kurland, her former boss and lover at New Castle Partners; the prosecution wanted 37 months.

She asked to do her time in the West Virginia federal prison that entertained Martha Stewart.

Published July 21, 2011 – Reads 664
Copyright © 2011 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (1)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.