DOJ-OGR-00018503.pdf

Case 1:20-cr-00330-PAE Document 751 Filed 08/10/22 Page 166 of 261 1327 LC6Cmax5 McHugh - cross 1 Q. Can you answer the question, I think, Mr. McHugh? 2 A. Could you repeat the question, please. 3 Q. You said it depends, and my question was some high net worth individuals may have multiple accounts, I guess some may not; is that fair to say? 6 A. Yes. 7 Q. Okay. And if they have multiple accounts, they may have money in traditional checking accounts, for example? 9 A. Yes. 10 Q. And they may have money in money market accounts, like some of the ones we saw? 12 A. They may have. 13 Q. And they may have their money in brokerage accounts so they can use it to buy and sell securities in stocks and bonds? 15 A. They may. 16 Q. And it's true that high net worth individuals like this often have lots of assets; correct? 18 A. Can you clarify, assets. 19 Q. Sure. They may have multiple homes? 21 Q. They may have planes? 22 MS. MOE: Objection, your Honor. 23 THE COURT: Sustained. 24 Q. Well, fair to say that a high net worth individual like the ones you dealt with in the past may have expensive assets that SOUTHERN DISTRICT REPORTERS, P.C. (212) 805-0300 DOJ-OGR-00018503