Galleon Probe’s Danielle Chiesi Must Surrender Sept. 20

Danielle Chiesi, the former New Castle Funds LLC analyst sentenced to 2-1/2 years in prison after pleading guilty to passing inside stock tips to Galleon Group LLC co-founder Raj Rajaratnam, must surrender to begin her prison term on Sept. 20, a federal judge ruled.

U.S. District Court Judge Richard Holwell in Manhattan issued the order today. He sentenced the 45-year-old former beauty queen last month after calling her crimes “deplorable.”

Holwell also sentenced Chiesi to a $25,000 fine, ordered her to do 250 hours of community service and imposed two years of supervised release after her prison term.

Chiesi pleaded guilty Jan. 19 to three counts of conspiracy, telling Holwell at the time that she was “deeply ashamed” of what she had done.

The case is U.S. v. Rajaratnam, 09-cr-1184, U.S. District Court, Southern District of New York (Manhattan).

To contact the reporter on this story: Bob Van Voris in New York at

To contact the editor responsible for this story: Andrew Dunn at

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