’Deeply Ashamed’ Chiesi Pleads Guilty in Galleon Case
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Danielle Chiesi, the former New Castle Funds LLC consultant charged with passing inside information to Galleon Group LLC co-founder Raj Rajaratnam and others, pleaded guilty in federal court in New York.
Chiesi, 45, recorded on federal wiretaps cursing and fretting about getting caught, was arrested with Rajaratnam, 53, in October 2009 in the biggest U.S. crackdown on insider trading by hedge funds.