Preet Bharara - Preet Bharara photo

Preet Bharara, 40, is a Punjab-born Indian American lawyer, recently confirmed as the new Attorney for Manhattan in New York (considered the most prestigious federal prosecutor's post outside Washington) by the US Senate. Preet Bharara has advised New York Democrat Senator Charles Schumer on legal matters and had played a key role in the congressional investigation of the Bush administration’s firing of eight US attorneys.

In a recent case involving the alleged inside trading by Raj Rajaratnam and others, US attorney Preet Bharara told a press conference that it was the largest hedge fund case ever prosecuted, adding that it also marked the first use of court-authorized wiretaps to capture conversations between suspects.

Danielle Chiesi photos

Below are Danielle Chiesi photos. Danielle Chiesi (right) is one of the alleged co-conspirators of Raj Rajaratnam charged with crimes including securities fraud and conspiracy involving insider trading that generated more than $20 million in profits. Danielle Chiesi of New Castle Partners LLC, the one-time equity hedge fund group at Bear Stearns Asset Management Inc., is escorted by an FBI agent in New York, October 16, 2009.

Image credit: REUTERS/Brendan McDermid

How was Danielle Chiesi involved? Here's a cited conversation involving Danielle Chiesi, 43, of New York City, according to the U.S. attorney's press release:

On August 27, 2008, CHIESI called a co-conspirator (the "CC") to provide information regarding the AMD reorganization. CHIESI said, "You just gotta trust me on this. Here's how scared I am about what I'm gonna tell you on AMD." The CC asked when the announcement would take place, and CHIESI replied, "September." CHIESI said, "I swear to you in front of God... You put me in jail if you talk." Later, CHIESI said, "I'm dead if this leaks. I really am... and my career is over. I'll be like Martha [expletive] Stewart."

Bail for Danielle Chiesi was set at $2 million.

Raj Rajaratnam

Raj Rajaratnam, a portfolio manager for Galleon Group, and one of America's wealthiest man was arrested on Friday by FBI agents together with other hedge fund managers and corporate executives for alleged $20 million insider trading.

Hedge fund manager Raja Rajaratnam in handcuffs after his arrest by FBI agents

for alleged insider trading. (AP Photo)

Raj Rajaratnam's alleged conspirators are: Rajiv Goel, a director of strategic investments at Intel Capital, the investment arm of Intel Corp.; Anil Kumar, a director at McKinsey & Co. Inc., a global management consulting firm; and Robert Moffat, senior vice president and group executive at International Business Machines Corp.'s Systems and Technology Group. Danielle Chiesi and Mark Kurland of New York City were also charged in the case.

Raj Rajaratnam, who was born in Sri Lanka, was ranked No. 559 by Forbes magazine this year as among the world's wealthiest billionaires, with an estimated net worth of $1.3 billion.

A U.S. Magistrate Judge Douglas F. Eaton set bail at $100 million and ordered Rajaratnam, who has both U.S. and Sri Lankan citizenship, to stay within 110 miles of New York City.