Raj Rajaratnam and Danielle Chiesi Plead Not Guilty to Insider Trading

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Photo: Dealbreaker

Raj Rajaratnam, the founder of the Galleon Group hedge fund and Danielle Chiesi, the analyst who was caught on tape fretting that she would end up like "Martha fucking Stewart" if she got caught giving him tips, entered not-guilty pleas today to criminal charges against them at their arraignments in Federal District Court. We're not convinced, but one thing we can exonerate them for on the basis of today's appearance are crimes of fashion. Raj showed up looking spiffy (and dare we say it, slightly trimmer?) in a suit and tie, and Chiesi, for her part, made up for the bulky white sweater and home dye job she sported in her perp walk by showing up in a cape, high heels, and Jackie O. sunglasses. “She acted like a movie star,” one of the photographers said, after she bowed into a silver Lexus, according to the Times.

Rajaratnam and Chiesi Plead Not Guilty to Insider Trading [DealBook/NYT]
Danielle Chiesi: Prom Queen Gets A Makeover [Dealbreaker]
Earlier: Zvi Goffer Chose to Wear a Track Suit on the Big Day