The Raj trial is going to be awesome.
The battle begins when Raj, his lawyer, John Dowd, and their enemy, the prosecution, the U.S. government and its attorney Preet Bharara, judge Richard Holwell, and 12 lucky jurors enter into the courtroom this week.
As soon as the twelve are selected, a process that begins Tuesday, the battle begins.
On one side: Raj, who told colleagues last year that the government “would never meet a meaner bastard” than him, and his lawyer, John Dowd, a mean SOB who is a former military lawyer. He sees court as a version of combat, according to his colleagues.
Part of his strategy will be to attact the credibility of the government’s witnesses. The other part will be aggression.
“We’re ready to rock,” he told reporters last week.
The last time Dowd was in court defending an accused criminal was in 1997, when he defended Arizona Gov. J. Fife Symington against bank-fraud charges.
From the Wall Street Journal:
In that case, Mr. Dowd at times shouted at prosecutors, a person close to the situation said, and lost his cool during a pretrial meeting when a prosecutor suggested that a slide Mr. Dowd wanted to use in his opening argument might not be permissible.
While he’s slinging fire and rage, Preet Bharara’s team will be playing recordings of the intimate conversations Raj had with tippers like Rajat Gupta, who allegedly gave Raj tips about Goldman’s stock price just seconds after he got off the phone with the Goldman board.
Dowd doesn’t want the courtroom to hear many of them. He wants to block statements Raj heard from tippers who didn’t say where they got the information from, “general and non-specific” info Raj heard from tippers, and evidence that didn’t lead to a trade, according to the Stamford Advocate.
He’s also said to plan to attack the credibility of some of the witnesses. Perhaps two of the witnesses the prosecution will be calling are whistleblowers Adam Smith and Michael Cardillo, former Galleon portfolio managers, are among Dowd’s unlucky targets.
The trial is expected to last 2-3 months and will set the stage for the rest of the government’s prosecutions against alleged insider traders, which surely must be the intended outcome of their many recent stings against other hedge fund managers.
Get excited. And follow our coverage here.