DOJ-OGR-00018510.pdf

Case 1:20-cr-00330-PAE Document 751 Filed 08/10/22 Page 173 of 261 1334 LC6Cmax5 McHugh - cross 1 Q. Sure. Why don't we go to Government Exhibit 502. I'm sorry. Actually, let's go to 501. You've got 501 in front of you, Mr. McHugh? 2 A. Yes. 3 Q. And you see that that's a statement from June of 2007 for a company called Air Ghislaine Inc.; right? 4 A. Yes. 5 Q. And if we go to page 2 of that document, these are the transactions you spoke about in your direct testimony on June 18th; right? There are two line items on that date; correct? 6 A. Yes. 7 Q. And the second line item was highlighted for you and it appears to show the purchase of a green helicopter from Sikorsky; right? 8 A. It's what the transaction description reads. 9 Q. Okay. So now, again, I'm just going to ask you a bit about this practice. 10 Now, is it your experience, having been in banking for 30 years, that people buy assets like planes, larger assets and have them owned by companies? 11 MS. MOE: Objection. 12 THE COURT: Sustained. 13 Q. Do you know anything about the practice of having larger assets owned by companies or corporate entities? 14 MS. MOE: Objection. 15 SOUTHERN DISTRICT REPORTERS, P.C. (212) 805-0300 16 DOJ-OGR-00018510