In
Miles Guo Trial
Witness Describes
Banking with
Morgan Stanley and
Bank of Princeton
by
Matthew Russell Lee, Patreon Substack
SDNY COURTHOUSE,
June 10 – After a circus-like
civil case involving Guo
Wengui in the U.S. District
Court for the Southern
District of New York, which
Inner City Press closely
covered, here,
March 15, 2023 saw the
unsealing of a twelve-count
Indictment of Miles Guo
onvarious wire fraud,
securities fraud, bank fraud,
and money laundering charges.
On May 21, the US Attorney's
Office wrote
in seeking to preclude
fire issues from
the trial: 7 page
letter on
Patreon here.
On May 22, Inner
City Press live tweeted jury
selection, here.
Many
were excused from the jury
pool.
More detail /
some analysis on X for
Subscribers here
& Substack here
On May 23 the
defense wrote in including
"There is no evidence to
support the government’s
sensationalist theory that Mr.
Guo started a fire at the
Sherry Netherland residence.
Letter on Patreon
here
At the end of May
23, Judge Torres told the
remaining jurors that the
trial would start Friday. Thread.
More details on X
for Subscribers here
and Substack here
And it did. Inner
City Press live tweeted the
opening and first two
witnesses, an FBI agent about
the Greenwich search, and a
Dallas based Lamborghini
dealer, thread here.
On May 28 the US
moved for admission of posts
from GNews and GETTR, 5 page
motion on Patreon here
On May 31 a
representative of Kyle Bass'
Hayman Capital Management
testified, thread
On June 4,
the US Attorney's Office filed
its response to Guo's request
for reconsideration on
limitation on his expert's
testimony about Operation Fox
Hunt and the "Five Poisons."
US filing on Patreon here.
On June 5, Inner
City Press live tweeted, thread
On June 6, more
Li - and then some cross.
On June 10, a
government witness describing
opening accounts at Bank of
Princeton (as Signature Bank
closed accounts, and this
itself), and Morgan Stanley -
thread:
OK - now in US v
Guo, prosecutor questioning
witness about G-Fashion, and
opening of Bank of
Princeton.Assistant US
Attorney: How much did G-Club
have in its bank account?
Witness: About $15 million.
AUSA: The 1600 members, where
did you get that figure?
Witness: From Jessica. AUSA:
Did you work at G-Clubs?
Witness: No.
AUSA: Who
did you write to, here?
Witness: Bank of Princeton. I
was asking for 3 accounts for
G Club Operations, offering to
deposit more than $10 million,
demand deposit account,
checking; money market
account, liquid savings.
AUSA: Why
was it urgent? Witness: The
account at Signature was
getting closed. AUSA: Who
issole stockholder of the
Delaware corporation? Witness:
Miles Guo. AUSA: I believe you
prepared charts for submission
to banks- Guo's lawyer:
Objection to the testifying!
AUSA: Why did you
lie to First Bank P.R.?
Witness: To increase the
chance of the account being
opened. To avoid any OFAC or
Google search hits. AUSA: Was
Miles Guo was only a brand
ambassador? Guo's lawyer:
Objection Judge: Overruled
Witness: He was more involved
AUSA: They who
were these sent to? Witness:
Wire transfer to Morgan
Stanley. AUSA: Why were
you asked to respond to them?
Witness: To try to not
jeopardize the account status.
[After long sidebar] AUSA: Did
you start recording phone
calls? Witness: I did...
More detail and
analysis on X for Subscribers
here and Substack here
The case is US v.
Guo, et al., 23-cr-118
(Torres)
***
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