Friday, 27 March 2015
Last updated 6 min ago
Feb 9 2010 | 12:27pm ET
A defiant Danielle Chiesi is speaking out, proclaiming that she and Galleon Group founder Raj Rajaratnam are innocent of the insider-trading charges against them.
Defiant and confident: Chiesi, a former portfolio manager at hedge fund New Castle Partners, predicted that “there is not even a chance we will do one day in jail” in a Reuters interview.
Chiesi and Rajaratnam are at the center of the one of the largest insider-trading cases in Wall Street history. Twenty-one people have been charged and nine have pleaded guilty, including Chiesi’s former boss at New Castle, Mark Kurland. Chiesi would not comment on Kurland, who is not cooperating with prosecutors.
Chiesi called Rajaratnam, with whom she faces 17 fraud charges, a good friend and “the most generous man in the world.” She also said it was “an honor and a privilege” to be his co-defendant in a case that could send both to prison for decades if convicted.
But Chiesi, who said she has remained silent since her October arrest on the advice of counsel, said she and Rajaratnam “didn’t do anything wrong” and “didn't hurt anybody.” Still, she would not comment on the thousands of wiretaps and taped conversations that are at the heart of the government’s case against her. She did say that she and Rajaratnam were always wary of “enemies.”
“When you are flying, you always check six,” she told Reuters. “You check to see if your enemy is behind you.”
“Apparently, we have a lot of them.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…