Danielle Chiesi Pleads Guilty In Galleon Insider Trading Case -- Raj Rajaratnam Is Now Isolated

Danielle Chiese Car (AP)

Things are getting hairier for accused hedge fund manager Raj Rajaratnam.

CNBC just reported that Danielle Chiesi, who was also accused of passing on tips and engaging in illegal insider activity, plans to plead guilty.

It’s unclear how many of the 17 charges against her she will plead guilty to, or whether she’ll cooperate with prosecutors. But clearly what prosecutors want to see if investors flip, and rat on others.

Rajaratnam is basically the last one in this case to hold out and fight the charges against him.

Click here for more background on what Chiesi was accused of >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.