Fortuna, Convicted In Galleon Case, Settles SEC Case

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Rajaratnam sentenced to 11 years in jail
On another call Danielle Chiesi, a former teen beauty queen turned hedge fund trader, is caught telling Mr Rajaratnam that Akamai, an internet infrastructure group, is “gonna guide down. I just got a call from my guy. I played him like a finely tuned ... read more

Hedge Fund Manager Pays $300K Settlement
The SEC charged that Fortuna received two tips in 2008 from Rajaratnam associate Danielle Chiesi, a consultant and portfolio manager at New Castle Funds, which Fortuna used to generate $2.4 million for his then-$125 million fund. read more

Fortuna, Convicted In Galleon Case, Settles SEC Case
He pleaded guilty in 2009 to trading on a tip he received from former New Castle Partners executive Danielle Chiesi, a key member of Galleon founder Raj Rajaratnam's insider-trading ring. The SEC agreed to drop its charges against Fortuna's hedge fund, ... read more

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