In
Miles Guo Trial
Cross of
Himalaya
Exchange CEO
Brown Veers Into
Q&A on What
Is Crypto
by
Matthew Russell Lee, Patreon Substack
SDNY COURTHOUSE,
June 21 – 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 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
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.
Jump cut to June
15, three weeks and and the
trial moving too slowly. The
defense wrote in, "We write in
response to the Court’s order
that trial next week will be
held from 9:30 am to 5 pm to
allow the government
additional time to catch up to
its previous trial
estimate.... spreadsheet
attached as Exhibit A, shows
that the defense is regularly
left with little time to
prepare for
cross-examinations, which
leads to, among other things,
prolonged examinations."
Letter and spreadsheet (with
witness names) on Patreon
here.
On June 17, from
the first extended day, thread
On June 18, more
from the witness Ms. Reyes, thread
On June 21,
Himalaya Exchange CEO Jesse
Brown was cross examined about
how crypto works, and the
claim H Coin was backed by
gold that could be seen on
live stream, Inner City Press
was there, from the thread:
Now in US v Miles
Guo, cross examination on
crypto.
Guo's lawyer: You
can't see transactions can
happen inside a wallet and not
on the blockchain, right?
Witness: Yes. Guo's lawyer: In
2020 crypto was hot and your
phone was ringing off the
hook?
Witness: My phone
always rings off the hook
[Laughter in the courtroom
Guo's
lawyer: What did you discuss
with William Je? Witness:
Blockchain. He was very
knowledgable. He said we
wanted to be the biggest
exchange in the world.
Same
witness still on the stand.
Guo's lawyer: Was it your
understanding it would be
backed by gold? Witness: It
was to be held in another
place with a public live
stream. Guo's lawyer: Mr Je
was the ultimate beneficial
owner? Witness: Yes
Guo's lawyer: You
say that the exchange had
nothing to do with being anti
CCP? Witness: Yes. Guo's
lawyer: Were the DDOS attacks
on the exchange related to
being anti-CCP? Witness: There
was talk
Guo's lawyer: Mr.
Brown, let's talk about your
non-prosecution agreement -
who determines if you're
telling the truth? Witness: I
do. Guo's lawyer: No further
questions Inner City Press
@innercitypress · 4h Judge:
We're done for the week.
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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