NEW YORK ( TheStreet) -- Another central figure in the Galleon Group insider trading case has pleaded guilty to conspiracy.

Danielle Chiesi, changed her plea from not guilty to guilty of three counts of conspiracy.

According to court documents, Chiesi admitted to sharing and receiving non-public information about several technology companies including I.B.M. ( IBM), Advanced Micro Devices ( AMD) and Sun Microsystems.

Chiesi could face a prison sentence of 37 to 46 months and is scheduled to be sentenced on May 13, 2011, the documents said.

Thus far 25 people have been charged in the Galleon Group investigation including Raj Rajaratnam, who co-founded the hedge fund. Chiesi is the sixteenth person to have pleaded guilty.

Chiesi was arrested with Rajaratnam in October 2009 after government accused her of using her position at New Castle Funds LLC in New York to trade on insider information, according to published reports.

--Written by Maria Woehr in New York.

To contact the writer of this article, click here: Maria Woehr.

To follow the writer on Twitter, go to http://twitter.com/newsgirlmw.

To submit a news tip, send an email to: tips@thestreet.com.

--Written by Maria Woehr in New York.

To contact the writer of this article, click here: Maria Woehr.

To follow the writer on Twitter, go to http://twitter.com/newsgirlmw.

To submit a news tip, send an email to: tips@thestreet.com.

If you liked this article you might like

Five-Day Winning Streak in Stocks Expected to Continue

Five-Day Winning Streak in Stocks Expected to Continue

Bitcoin Today: Prices Burst Through $10,000 as Traders Mitigate Stark Warnings

Bitcoin Today: Prices Burst Through $10,000 as Traders Mitigate Stark Warnings

Apple Stock Is Being Bought by Warren Buffett; Should You Buy It?

Apple Stock Is Being Bought by Warren Buffett; Should You Buy It?

Apple Could Get to Zero Net Cash This Way, Says UBS

Apple Could Get to Zero Net Cash This Way, Says UBS

Why You Cannot Rule Out a Much Deeper Stock Market Correction

Why You Cannot Rule Out a Much Deeper Stock Market Correction