Chiesi Seeks To Keep Wiretaps Secret In Secret

May 7 2010 | 3:23am ET

Danielle Chiesi, Galleon Group founder Raj Rajaratnam’s co-defendant in the largest insider-trading case in U.S. history, will seek to exclude the wiretaps at the center of the government’s case against her—secretly.

The former New Castle Partners executive can file her motion to exclude the 18,000 wiretaps under seal, U.S. District Judge Richard Holwell ruled. Chiesi’s lawyers explained that the filing will have “substantial and extended references” to the wiretaps, which Holwell has previously ruled should remain confidential, at least until he determines whether or not they are admissible.

Chiesi’s lawyers are expected to file their brief today. Rajaratnam’s lawyers have also indicated that they will challenge the legality of the wiretaps.

Chiesi and Rajaratnam are set to go on trial in October. Both have pleaded not guilty. If convicted of the insider-trading charges, each faces more than 100 years in prison.

All told, 21 people have been charged in the Galleon case, with prosecutors winning 11 guilty pleas.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Strippers Accused Of Robbing Hedge-Fund Manager Face Jail

Oct 20 2014 | 9:20am ET

A group of alleged stripper-thieves—whose victims include a hedge-fund manager...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.