Danielle Chiesi, the 47-year-old femme fatale analyst who pleaded guilty to securities fraud in the biggest U.S. insider-trading crackdown, is back in town.

Chiesi, who did a 15-month stint at a West Virginia prison camp for passing illegal stock tips to hedge-fund manager Raj Rajaratnam, returned in January to New York City and has been living at a federal halfway house in the north Bronx.

“It’s good to be back,” a svelte Chiesi, wearing a white sleeveless peplum top, jeans and pink and white scarf, said yesterday as she left a residence she shares with other newly freed prisoners. “I feel good. I feel great.”

Chiesi is one of more than seventy insider trading since August 2009. The former teenage beauty queen, who once showed up at technology conferences wearing form-fitting clothes and low-cut tops, is among the most flamboyant defendants to be ensnared in the sweeping federal crackdown.

stock traders, analysts, lawyers and executives who have been convicted of


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