In
Miles Guo Trial
Witness
Describes Know
Your Customer
Failures at Bank
of Princeton
by
Matthew Russell Lee, Patreon Substack
SDNY COURTHOUSE,
June 13 – 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
And on June 12,
more cross, thread
On June 13, a
witness from Bank of
Princeton, about beneficial
owners, thread:
AUSA: What's
this?
Witness: We could
see if the applucant had
charge offs, or tried to open
accounts. He tried at
Santander. And we opened one.
At Bank of Princeton.
AUSA: In
your experience as a BSA
officer, what was strange?
Witness: Payments for a yacht,
and to wineries.
AUSA: What did
your branch manager Mirian
Colon request?
Witness:
Beneficial ownership info
about ACA Capital.
Meanwhile, the
prosecutors want a
representative of BitGo to
testify about BitGo's
terminating its relationship
with Himalaya Coin and
Exchange, as lay opinion
testimony. Letter on Patreon here. Guo
opposes it...
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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