Wednesday, 24 December 2014
Last updated 13 hours ago
Oct 18 2011 | 8:27am ET
Danielle Chiesi, the former hedge fund executive and convicted insider trader, arrives at Federal Prison Camp Alderson—‘Camp Cupcake’—today to begin serving her 30-month sentence.
Chiesi pled guilty to passing illegal stock tips to hedge fund billionaire Raj Rajaratnam, who last week was sentenced to 11 years in federal prison. Both convictions were part of the biggest U.S. insider-trading case of all time, one that unraveled two interlocking rings within Rajaratnam’s multi-billion dollar Galleon Group.
Chiesi’s home for the next two-and-a-half years, situated in the foothills of the Allegheny Mountains, was modeled after the campus of Pennsylvania’s Bucknell University and has none of the usual trappings of a federal prison (barbed wire, fences, guard towers).
Alderson was the first women’s prison in the U.S., opened in 1927, and its higher-profile inmates have included Martha Stewart, Billie Holiday and Charles Manson follower (and would-be presidential assassin) Lynette “Squeaky” Fromme.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.