DOJ-OGR-00018504.pdf

Case 1:20-cr-00330-PAE Document 751 Filed 08/10/22 Page 167 of 261 1328 LC6Cmax5 McHugh - cross they've purchased, right? MS. MOE: Objection your Honor. Is Mr. Everdell proffering him as an expert? MR. EVERDELL: Your Honor, he said he worked with high net worth individuals in the past. I think this now beyond the kin of someone who worked with these individuals. THE COURT: I don't know exactly where you're going, a little bit of room, but let's get to a question. BY MR. EVERDELL: Q. Well, let's go to this, Mr. McHugh. Are you familiar with the term, family office? A. Yes. Q. A family office is typically a privately held company that manages the money and the investments of a wealthy family; isn't that right? A. It's a general description of one. Q. And in those cases, the family office will typically manage the wealth of everyone in the family; isn't that right? MS. MOE: Objection, your Honor. THE COURT: Sustained. Q. Have you dealt with family offices in the past? A. Some. Q. And in the cases you've dealt with, do the family offices manage the money of the people in that wealthy family? MS. MOE: Objection, your Honor. SOUTHERN DISTRICT REPORTERS, P.C. (212) 805-0300 DOJ-OGR-00018504