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-- The largest insider trading case in history continues to unfold in downtown -- defense lawyers.
For former hedge fund manager -- -- -- hammer contesting that he was not trading on insider info he was just good it is -- Well the key question a lot of folks are asking now is will -- testify will it take the stand Charlie Gasparino of Fox Business senior correspondent take -- break outs with the strategy involved and.
Not a good guy -- as of yesterday the defense team for Raj Rajaratnam was saying that.
You know he may testify they were leaving the question open.
They were essentially saying that will let you know we know when -- if but they were clearly leaving the question opens -- all the reports.
But the Fox Business Network has learned that people close to the to the case.
They're telling us that as of right now and I always prefaced -- as as -- right now.
Inside that defense team they have decided that he will not testify -- why am I qualified qualified this could you never know.
You know they're wrapping up their case very shortly people say they could wrap up the case today to could be closing arguments tomorrow tomorrow's Thursday.
And you never up in May swing for the fences and a last ditch effort but I am telling you as of right now inside.
The defense team sources.
Sources close in this case are tell me inside the defense team.
That he will not testify in this is a pretty big deal they are -- in the gonna just rolled the dice which you which would would would whatever witnesses are out the I think with -- try to do which is knocked down.
Some of the government witnesses point out that you know brought -- use this sort of mosaic approach you know of a book of figured out -- to trade that he didn't rely on the tips.
That you heard on those states that these these were sort of broader bigger sort of picture scenarios that he developed.
You know the one thing I will say that it's in Roger's favor and it's one small thing is that when you add up exactly how much this guy allegedly.
Made from insider trading it was anywhere between forty to sixty million dollars that was trading billions billions billions.
So maybe the defense maybe to the jurors jury will take that into account.
But when you look at some of the others sort of issues.
You know those tapes to -- those tapes with.
Pretty -- you know never say he's guilty -- you hear the verdict but I think one of the things are worried about is putting him on the stand.
That would be a -- issue so the sources tell Fox Business Network as of now.
Defense team says no tests so when -- -- Putting minus can be a bad issue talk a little bit more Charlie if you would about the strategy behind rush taking the stand vs not taking well you know listen I covered -- the -- Martha Stewart insider trading cases.
Bomb I can tell you that Martha Stewart.
Has a lot of fans was a -- following and he doesn't exactly have people filing Martha Stewart that they did not Bob lord filled her attorney at the time.
Very shrewd attorney.
Did not put her on the stand to say why she got that inside tip and how -- may -- two to basically.
On on -- unpacked you know the reasoning behind her State's members she was she when she wasn't put on trial for insider trading they found that -- may have given enough is enough evidence that was perjury.
You know putting people on the stand is very -- be -- is very risky.
You know these are businessmen and women they don't come across as sort of Fuzzy characteristic come -- -- imperious.
And by the way they got the defense I did the prosecution has all those tapes -- this distraught -- -- to -- by this.
-- you mean by that.
And I mean he could say you know we take the fifth but that's almost an implication.
According to a lot of jurors that he did some wrong so we understand they left the -- -- -- -- -- remember early on.
There was talk about putting him on the stand.
-- the journal yes they wrote that he still might be put on the stand.
I am telling you inside that thing inside his defense team they are saying as of now no like I said I always preface this.
You'd never know they could be like to roll the dice tomorrow well see what tomorrow holds okay thanks so much.
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