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In Goldman Sachs Trial for Insider Trading Goel Took the Stand So Now to Answer Subpoena

By Matthew Russell Lee, Patreon Substack

SDNY COURTHOUSE, June 17 – 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 was assigned to U.S. District Court for the Southern District of New York Judge P. Kevin Castel, who held the arraignment.  

  Goel is accused of feeding inside information to his graduate school friend and squash partner Akshay Niranjan, at Barclays. 

On June 12, 2023, after jury selection, the trial began with opening arguments. Inner City Press was there and live tweeted, thread here:

On June 14, finally, Niranjan took to the stand, but not yet on cross. Thread here:

Judge Castel: Jurors, yesterday I told you about what happened in the Revolutionary War right near here. In 1777, our early flag was adopted. [Judge Castel to his credit has posters about history on his walls. He also issued this

On June 16, Niranjan finished, cross and re-direct (and was spotted by the courthouse cafeteria on 8, talking about going to the prosecutors' office on the 5th floor), thread here

SURPRISE - defendant Brijesh Goel has just taken the stand. Goel's lawyer: When did you know there was a problem with Mr. Goel?

Goel: By mid 2021, Mr. Niranthan had separated from his wife. He was going through issues. I was there for him.

 Goel's lawyer: After you played squash in late February [2022] what did you learn? Goel: Niranjan said his life was coming to an end, he was planning to go to India. I said I could help him get a job.

Goel's lawyer: Did you meet at Quality Meats? Goel: Yes.

[Quality Meats has steaks up to $195 - Inner City Press calls it "Inequality Meats.]

On Saturday, June 17 the US Attorney's Office complained Goel had yet to answer their subpoena. Goal's counsel promised an answer in two hours. Subpoena on Patreon here.

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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