Chiesi jailed for role in Galleon

DANIELLE Chiesi, a former hedge fund trader and key defendant in the sprawling Galleon Group insider trading case, was sentenced last night to two and a half years in prison.

She is the first major defendant to be sentenced in the US government’s probe, unveiled in October 2009 and centered around Raj Rajaratnam, founder of the Galleon hedge fund.

The 45-year-old Chiesi was also sentenced to two years of supervised release plus 250 hours of community service. She had pleaded guilty in January to three conspiracy counts.