Danielle Chiesi Settles for $540,000 With SEC

Danielle S. Chiesi, co-defendant along with Galleon Group co-founder Raj Rajaratnam in the biggest hedge-fund insider-trading case, arrives for a hearing at federal court in New York, U.S., on Monday, Oct. 4, 2010. Rajaratnam is seeking to show that U.S. agents illegally wiretapped his communications and that the recordings can't be used in his criminal insider-trading trial. Photographer: Rick Maiman/Bloomberg via Getty Images Photo: Bloomberg/2010 Bloomberg

The vampy former beauty queen who already pleaded guilty to conspiring to commit securities fraud with her Galleon Group confidante Raj Rajaratnam has agreed to pay $540,000 in a related settlement with the SEC. (Bet that was one exchange that didn't feel like an orgasm.) She'll be sentenced on the criminal charges next week and faces more than three years in prison. [WSJ]