Danielle Chiesi was sentenced Wednesday. Her attorneys had asked for leniency. Her boss pleaded guilty and is serving a 27-month prison term.
Chiesi pleaded guilty in January to insider trading charges in what prosecutors have said was the biggest hedge fund insider trading case in history.
Her voice was prominent on audio played at the trial of onetime billionaire Raj Rajaratnam. He was convicted in May after prosecutors blamed illegal trades on more than $50 million in profits. He awaits sentencing.
Supplier problems faulted in escalator fatality
HARTFORD — The chief financial officer of United Technologies Corp. says a supplier furnished substandard parts that caused a fatal accident on an Otis escalator in a Beijing subway station.
CFO Greg Hayes told investor analysts in a conference call Wednesday that Otis escalator sales in the Beijing area were suspended after a fatal accident July 5. He said no financial impact is expected.
Mr. Hayes was responding to an analyst’s question as the Hartford conglomerate released second-quarter financial results.
He said Otis, a subsidiary of United Technologies, has inspected more than 40 of 200 escalators and all will be back in working order.
Otis blamed the accident on a machine part that failed to stay in place. A spokeswoman for the Farmington-based company didn’t confirm details of the accident or the death.
From wire dispatches and staff reports