Danielle Chiesi Pleads Guilty In Galleon Insider Trading Case

nytimes.com:

In August 2008, Danielle Chiesi, an executive at a New York hedge fund, was swapping confidential information with an associate about a pending reorganization of Advanced Micro Devices, a publicly traded semiconductor company.

Read the whole story: nytimes.com

Comments

[reluctantWASP]

03:20 AM on 01/23/2011

I really think she is innocent. Certainly if she was an inside trader, she would be able to afford a better dye job than the one she has.

[ndem]

06:28 AM on 01/22/2011

Citigroup Facing Subpoena in IPO Probe
By Matthew Goldstein 08/09/02

The chairman of the House Financial Services Committee, frustrated by Citigroup's unwillingness to turn over information about any WorldCom executives who may have gotten shares in initial public offerings, will try to pry the information out with a subpoena.

Rep. Michael Oxley said that a subpoena is necessary because Citigroup provided insufficient information about special treatment its Salmon Smith Barney investing banking division may have given WorldCom executives. Salomon had been one of the now-bankrupt telecom's principal investment bankers.

Whether Salomon may have doled out shares in some bull-market IPOs to WorldCom executives came up during a committee hearing last month into the accounting fraud at the big long-distance carrier.

Legislators at the hearing questioned Jack Grubman, Salomon's one-time star telecom analyst and a longtime WorldCom bull, about the IPO issue. But Grubman, now facing numerous investor lawsuits and arbitrations over his overly bullish WorldCom stock calls, would only say that he couldn't recall whether that had happened. Citigroup says Grubman's lucrative pay package stems from an attempt by Goldman Sachs to steal him away in 1998. Sherburne's letter also indicates that Grubman, on at least a dozen occasions, attended board meetings of companies ranging from WorldCom to Global Crossing to Qwest.

But Citigroup says some information that the committee is seeking was destroyed in the Sept. 11 terror attack on the World Trade Center. Salomon had offices in 7 World Trade Center.

[ndem]

06:17 AM on 01/22/2011

SEC & EEOC:
By Margaret Cronin Fisk
National Law Journal
September 17, 2001

Additional details emerged Friday about the effect of the collapse of 7 World Trade Center on investigations being conducted by the New York offices of the Securities and Exchange Commission and the Equal Employment Opportunity Commission, both of which were housed in the building.

The SEC has not quantified the number of active cases in which substantial files were destroyed. Reuters news service and the Los Angeles Times published reports estimating them at 3,000 to 4,000. They include the agency's major inquiry into the manner in which investment banks divvied up hot shares of initial public offerings during the high-tech boom.

The EEOC said documents from about 45 active cases were missing and could not be easily retrieved from any backup system.

[ndem]

06:15 AM on 01/22/2011

Building 7 housed the SEC files related to numerous Wall Street investigations, as well as other federal investigative files. All the files for approximately 3,000 to 4,000 SEC cases were destroyed. Some were backed up in other places, but many were not, especially those classified as confidential. [NEW YORK LAW JOURNAL, 9/17/2001] Lost files include documents that could show the relationship between Citigroup and the WorldCom bankruptcy. [STREET, 8/9/2002] The Equal Employment Opportunity Commission estimates over 10,000 cases will be affected. [NEW YORK LAW JOURNAL, 9/14/2001] The Secret Service had its largest field office, with more than 200 employees, in WTC 7 and also lost investigative files. Says one agent: “All the evidence that we stored at 7 World Trade, in all our cases, went down with the building.” [TECH TV,

[ndem]

06:13 AM on 01/22/2011

Where are all the people who should be going to jail for inside info on Biotech and other tech IPO Ponzi schemes in 2000? With Bush fundraising links??? Oh the SEC was investigating them and those files all disappeared in Building 7 which was brought down on 9/11!!!

Look at who is helping whom with inside info and who they donate to? The largest 2000 Biotech IPO Tanox in Houston had the same accountant who was charged as the Arthur Andersen link in the Enron scandal!! Wake up people they got away with it!!!!!!!!

[kamact]

09:59 PM on 01/21/2011

Jail,...Jail

[jo smith456]

10:18 PM on 01/20/2011

"get-rich-quick" is like drug-and-sex to the nth degree!!!!!

[costellowriter]

04:26 PM on 01/20/2011

Our government is never going to stop the fraud. But we can by dropping out of the system. Move to a credit union, stop borrowing, stop buying corporate products.
http://bizcovering.com/investing/stock-market-crash-2-0/

[fredvh]

02:41 PM on 01/20/2011

and the GOP wants less regulation?

[nfatt1]

09:44 AM on 01/22/2011

Its hard to set up a scam, they need all the help they can get.

[teabagflush]

02:08 PM on 01/20/2011

How do you spell W A L L S T R E E T B I M B O ?

[cats530]

01:58 PM on 01/20/2011

How are we to pronounce this perp's name..."cheezy"?

[teabagflush]

02:08 PM on 01/20/2011

LOL

[nfatt1]

09:45 AM on 01/22/2011

Hope Dani looks good in orange.

[cats530]

01:55 PM on 01/20/2011

Big deal - some small fry gets busted - although it is a start. How about some kingpins at GS doing "God's work" or the other elite top-of-the-heap Wall Streeters. When THEY are busted and get hard time/stiff penalties then it will be newsworthy.

[flashblitzen]

01:45 PM on 01/20/2011

Playing by the rules gets you only what's coming to you. Cheating and getting away with it is how to get ahead in America. Hard work is for no0bs.

[thedave108]

02:07 PM on 01/20/2011

Got that right.........

[teabagflush]

02:09 PM on 01/20/2011

It helps to have a huge rack.

[Jen Celli]

04:27 PM on 01/20/2011

Magicians always count on distraction to make their magic work... imagine that this woman used her distractions rather well.

[workinguy]

01:38 PM on 01/20/2011

1 down 10,000 more to go.

[calgary]

01:28 PM on 01/20/2011

These people are only sorry that they got caught and more pissed off that they got outsmarted. I wonder how much of this have gone on in the past and continues to this day. For some people, all they want in life is an unfair advantage.