| As Goldman
Sachs Indicted Insider Trader Goel Nears
Trial Barclays Resignation Letter Sought
By Matthew
Russell Lee, Patreon Maxwell
Book
SDNY COURTHOUSE,
April 27 – Former Goldman
Sachs investment banker
Brijesh Goel was arraigned on
insider trading charges on the
morning of July 28, 2022.
Inner City Press there -
although the arraignment had
not be listed in the docket,
nor announced by prosecutors.
Goel's case
is assigned to U.S. District
Court for the Southern
District of New York Judge P.
Kevin Castel, who held the
arraignment.
Even
afterward, the docket did not
contain any notice of the
arraignment - in contrast to
the July 27 arraignment for
insider trading of former
Indian Congressman Steve
Buyer, Inner City Press story
here,
video here.
Goel,
represented by defense lawyer
Reed Brodsky who was still not
listed on the docket - no
notice of appearance? - after
the proceeding, pleaded not
guilty.
Assistant US
Attorney Joshua Naftalis said
his office agreed to release
on $1 million bond, and no
contact with "CC-1."
Brodsky, too, was concerned
about CC-1. He specifically
asked that all information
about debriefing sessions with
CC-1 be provided in two or
three weeks, so that he or
successor counsel can decide
by the September 14 next
conference whether to file
motion.
This was
incorporated into Judge
Castel's Rule 5(f) order.
Goel is
accused of feeding inside
information to his graduate
school friend and squash
partner Akshay Niranjan, at
Barclays.
Brodsky
said Goel "could not consent"
to excluding time under the
Speedy Trial Act. But then
after conferring, he did not
oppose. Time was
excluded.
On November 17,
another conference was held,
and Inner City Press was
there. Brodsky said that the
audio in the case is
inaudible. Judge Castel said
this came up before him
recently - yes, in US versus
former Honduras president Juan
Orlando Hernandez, as Inner
City Press reported. Brodsky
said he might make a motion,
unlike JOH's counsel Raymond
Colon.
Brodsky had other
motions, some of which Judge
Castel asked why he had "sat
on" until this conference.
When the time came to set the
trial date, Brodsky asked for
October, but Judge Castel put
it at June 12 with motions due
before that.
On January 4,
2023 Goel filed a motion
against the US Attorney's
Office subpoenas before a
trial date was set, citing US
v. Tuzman, 15-cr-536. It
includes an email from AUSA
Joshua Naftalis, including
that "trial subpoenas issued
before the trial date was
set... all these subpoenas
have been withdrawn."
On March 16,
2023, in turnabout, the US
Attorney's Office moved to
quash Goel's subpoenas to
Akshay Niranjan and Barclays -
except, perhaps, Request 8
which "seemingly attempts to
uncover evidence that Niranjan
learned of the potential
M&A transactions through
his employment at Barclays,
rather than from the
defendant." But the US still
calls that overbroad.
On April 27,
Judge Castel held another
proceeding in the case. Inner
City Press was there. The
defense did not want to
provide its list of witnesses
until closer to their use; the
AUSA said fine, they too would
delay. A resignation letter
will be sought from Barclays.
Trial is approaching.
Inner City Press
will continue to cover the
case - watch this site.
The case is
US v. Goel, 22-cr-396
(Castel)
***
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