DOJ-OGR-00018515.pdf

Case 1:20-cr-00330-PAE Document 751 Filed 08/10/22 Page 178 of 261 1339 LC6Cmax5 McHugh - cross 1 account is? 2 A. Yes. 3 Q. A trust account - I'm generally summarizing - it holds money for a beneficiary of a trust, but that account is actually controlled by a third party; right? 4 5 MS. MOE: Objection, your Honor. 6 7 THE COURT: Overruled. 8 A. Can you repeat the question, please. 9 Q. So in a trust account, the money is held in an account for a beneficiary of the trust, but the account is actually controlled by a third party; isn't that right? 10 11 A. There are many types of trusts, but generally, a general description. 12 13 Q. What I just described is a type of trust account; is that accurate? 14 15 A. Yes. 16 17 Q. And it is possible to set up a trust account for someone without them even knowing; is that right? 18 19 MS. MOE: Objection, your Honor. 20 21 THE COURT: Sustained. 22 MR. EVERDELL: Your Honor, may I have a moment to confer with the government? 23 24 THE COURT: Yes. Members of the jury, if you would like to take a standing break, you're welcome to. 25 All right, please be seated. SOUTHERN DISTRICT REPORTERS, P.C. (212) 805-0300 DOJ-OGR-00018515