Chiesi gets 2-1/2 years prison in insider case

Started by Reuters, Jul 21, 2011, 09:02 AM

Reuters

NEW YORK (Reuters) - Danielle Chiesi, a former hedge fund trader and key defendant in the sprawling Galleon Group insider trading case, was sentenced on Wednesday to 2-1/2 years in prison, and the presiding judge gave a stern warning to others on Wall Street considering breaking the law.