In
Miles Guo Trial
Witness
Described
Banking at
Signature Now
Crossed on 2bl
Crossing Citi
by
Matthew Russell Lee, Patreon Substack
SDNY COURTHOUSE,
June 11 – 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?...
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...
On June 11 he was
cross examined, thread:
AUSA: Why do you
think Miles Guo wanted to move
money outside the US? Witness:
To invest it in H Dollar.
AUSA: With whom did you
discuss the urgency of moving
the money? Witness: Miles...
Yvette...
AUSA: What
waa Merchantile? Witness: A
bank in Puerto Rico. Judge:
How did you make these audio
recordings? Witness: Through
an app on my phone.
Now cross
examination. Guo's lawyer:
What is your understanding of
the Rule of Law Foundation?
Witness: It's a not for profit
foundation. Guo's lawyer:
What's this transaction?
Witness: It's an ACH debit:
money going out. ADP wage pay.
That's payroll.
Guo's
lawyer: So the money market
account was putting $500,000
into the Golden Spring
account? Witness: Yes. Guo's
lawyer: Now this $26,000 -
someone is getting paid?
Witness: Correct. Guo's
lawyer: Here, $10,000 to a law
firm? AUSA: Objection! Judge:
Step up
[After
sidebar] Guo's lawyer: This
was an account maintained at
Citibank, correct? Witness:
Yes. Guo's lawyer: By Jan 2020
Golden Springs account had
been opened, and you moved to
a different department in
Citibank, right? Witness: Yes.
To Healthcare
Guo's
lawyer: Did Citibank have a
policy of remote working
during the pandemic? WItness:
Yes. Work from home. Guo's
lawyer: You heard from Ms.
Wang again - in what months of
2020? Witness. May. By text
message. She said she needed
my help to open an account
Guo's
lawyer: Even though you
couldn't open the account, you
kept talking with Ms. Wang,
right? Witness: I did.
Guo's lawyer: Your bankruptcy
in EDNY was dismissed?
Witness: My attorney filed
improper documents. Guo's
lawyer: A 2018 bankruptcy was
dismissed? Yes
Guo's
lawyer: You didn't tell
Citibank about your
bankruptcy, did you? Witness:
I did not. Guo's lawyer: Did
you interview with Yvette
Wang? Witness: Yes. At the
townhouse, 162 East 64th
Street. Guo's lawyer: Did
Yvette call it that, a
townhouse? DX 7001
Guo's lawyer:
Doesn't everyone call it the
Embassy? Witness: No. Guo's
lawyer: For the interview,
Yvette was formally dressed?
Witness: She was dressed, yes.
Guo's lawyer: You sent your
resume? Witness: She asked me
to Guo's lawyer: Where was 2d
meeting? A: Online
Guo's lawyer: Why
was there a 2d meeting?
Witness: Yvette wanted me to
meet Miles Guo... She told me,
If you want security, stay at
Citibank. Guo's lawyer: You
told her you wanted a two
months' signing bonus and she
said no, right? Witness: I
didn't get that.
Guo's lawyer: You
asked for $450,000 but you
accepted $350,000? Witness:
Yes. Guo's lawyer: But you
didn't resign from Citibank,
you hedged. How was it on 64th
Street? Witness: Weird. Not
structured.
Guo's lawyer: You
had two 9-5 jobs
Witness: It was
pandemic time
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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