Thursday, July 21, 2011

A Former Beauty Queen Receives Her Sentence for Insider Trading

NEW YORK - DECEMBER 21:  Danielle Chiesi, an e...Image by Getty Images via @daylifeDanielle Chiesi, who pleaded guilty earlier this year in the Galleon Insider Trading Case, has been sentenced to 30 months in prison.

As the femme fatale who reportedly flirted her way to luring secrets from top technology executives, including Bob Moffat (formerly with IBM), Chiesi will now have to put away her stylish wardrobe for a prison uniform.

In addition to her jail time, Chiesi was also sentenced to two years of supervised release, 250 hours of community service, mandatory mental health and alcohol treatment, and a $25000 fine – a stunningly low amount considering that it’s been estimated that she earned $1.7 million from her illegal activities.

As we near the end of this saga, the last to be sentenced is Raj Rajaratnam – the ringleader of the trading ring who was convicted in May, following a lengthy trial. His sentencing has been delayed until September 27th.


Liz Fichera said...

When does she sign her book deal? ;-)

Colette said...

Liz, oh my gosh... don't get me started on that.

Carol Kilgore said...

There will always be people like her.