---
type: court_doc
id: "court_ctb_1604_48"
court: "CTB"
case_no: "22-50073"
doc_number: 1604
doc_type: "EXHIBIT"
filed_date: "2023-03-27"
lang: "zh"
url: "https://mubeitech.com/court/court_ctb_1604_48"
json_url: "https://mubeitech.com/api/court/court_ctb_1604_48"
---
# Exhibit 48 | 1 |
> 原始法庭文件为英文；下方为英文全文，顶部为中文摘要。
## **Exhibit 48**
| 1 | | Page 1 |
|----|----------------------------------------------------------------------------------------------------------------------|--------|
| | 2· ·UNITED STATES BANKRUPTCY COURT | |
| | 3· ·DISTRICT OF CONNECTICUT | |
| | 4· ·BRIDGEPORT DIVISION | |
| | 5· ·---------------------------------------X | |
| | 6· ·In Re: | |
| | · · · · · · · · · · · · · · · · · · · · · · · · · Chapter 11
7· · · · · · ·HO WAN KWOK,· · · · · · · · · Case No. | |
| | · · · · · · · · · · · · · · · · · · · · · · · · · 22-50073 (JAM)
8· · · · · · · · · · · ·Debtor. | |
| | 9· ·---------------------------------------X | |
| 10 | | |
| | 11· · · ·REMOTE VIDEOTAPED DEPOSITION OF HO WAN KWOK | |
| | 12· · · · · · · · ·Thursday, March 2, 2023 | |
| 13 | | |
| 14 | | |
| 15 | | |
| | 16· ·Reported by: | |
| | 17· ·Angela M. Shaw-Crockett, CCR, CRR, RMR, CSR | |
| | 18· ·Job 222883 | |
| 19 | | |
| 20 | | |
| 21 | | |
| | · · ·22 | |
| 23 | | |
| 24 | | |
| 25 | | |
| 1 | | |
|----|--------------------------------------------------------|--|
| 2 | | |
| | 3· · · · · · · · · · March 2, 2023 | |
| | 4· · · · · · · · · ·10:28 a.m. | |
| 5 | | |
| | 6· · REMOTE VIDEOTAPED DEPOSITION OF HO WAN KWOK, | |
| | 7· · before Angela M. Shaw-Crockett, a Certified Court | |
| | 8· · Reporter, Certified Realtime Reporter, Registered | |
| | 9· · Merit Reporter and Notary Public of the States of | |
| | 10· · New York, New Jersey, and Connecticut. | |
| 11 | | |
| 12 | | |
| 13 | | |
| 14 | | |
| 15 | | |
| 16 | | |
| 17 | | |
| 18 | | |
| 19 | | |
| 20 | | |
| 21 | | |
| 22 | | |
| 23 | | |
| 24 | | |
| 25 | | |
| | | |
105
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| | ·1· · · · · · · · · · · · ·H. Kwok | Page 3 |
|----|-------------------------------------------------------------------------------------|--------|
| | ·2· ·R E M O T E· ·A P P E A R A N C E S: | |
| | ·3· ·PAUL HASTINGS LLP
· · · · · · Attorneys for TRUSTEE | |
| | ·4· · · · · 200 Park Avenue
· · · · · · New York, New York· 10166 | |
| ·5 | · · ·BY:· AVRAM LUFT, ESQ. | |
| ·7 | ·6· · · · DOUGLASS BARRON, ESQ.
· · · · · WILL FARMER, ESQ. | |
| | ·8· ·CHIESA SHAHINIAN & GIANTOMASI PC
· · · · · · Attorneys for HK INTERNATIONAL | |
| | ·9· · · · · MEI GUO
· · · · · · One Boland Drive | |
| | 10· · · · · West Orange, New Jersey 07052 | |
| | 11· ·BY:· ·PATRICIA BERGAMASCO, ESQ. | |
| 12 | | |
| | 13· ·ZEISLER & ZEISLER P.C. | |
| | · · · · · · Attorneys for HK INTERNATIONAL
14· · · · · MEI GUO | |
| | · · · · · · 10 Middle Street
15· · · · · Bridgeport, Connecticut· 06604 | |
| | 16· ·BY:· ·AARON ROMNEY, ESQ. | |
| 17 | | |
| | 18· ·ALSO PRESENT:· Matthew Chin-Quee, The Videographer | |
| | 19· · · · · · · · · Luyi Song, Law Clerk, Paul Hastings | |
| | 20· · · · · · · · · Jingyi Wang, Mandarin Interpreter | |
| | 21· · · · · · · · · Una Wilkinson, Mandarin Check Interpreter | |
| | 22· · · · · · **· · · · · · · **· · · · · · · ·** | |
| 23 | | |
| 24 | | |
| 25 | | |
| | | |
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| | 105 |
|--|-----|
| | |
| ·1· · · · · · · · · · H. Kwok |
|------------------------------------------------------|
| ·2· · · · THE VIDEOGRAPHER:· Good morning.· My name |
| ·3· ·is Matthew Chin-Quee.· I'm a legal videographer |
| ·4· ·in association with TSG Reporting.· I won't be |
| ·5· ·in the same room with the witness.· I'll record |
| ·6· ·the deposition remotely.· The reporter, |
| ·7· ·Angie Shaw-Crockett also will not be in the |
| ·8· ·same room and will swear the witness remotely. |
| ·9· · · · Do parties stipulate to the validity of |
| 10· ·the video recording and remote swearing and |
| 11· ·that it will be admissible in the courtroom as |
| 12· ·if it had been taken following Rule 30 of the |
| 13· ·Federal Rules of Civil Procedures and the |
| 14· ·state's rules where the case is pending? |
| 15· · · · MR. LUFT:· This is Avi Luft on behalf of |
| 16· ·the Chapter 11 trustee, and we agree. |
| 17· · · · MR. ROMNEY:· Yes, Aaron Romney, |
| 18· ·Zeisler & Zeisler on behalf of the debtor, the |
| 19· ·witness.· We agree. |
| 20· · · · MS. BERGAMASCO:· Patricia Bergamasco on |
| 21· ·behalf of Mei Guo and HK International. |
| 22· · · · THE VIDEOGRAPHER:· Thank you. |
| |
TSG Reporting - Worldwide Worldwide· · 877-702-9580
23· · · · This is the --
24· · · · MR. LUFT:· You agree?
25· · · · MS. BERGAMASCO:· Yes.· My apologies.
| ·1· · · · · · · · · · H. Kwok | Page 5 |
|------------------------------------------------------|--------|
| ·2· · · · THE VIDEOGRAPHER:· Thank you. | |
| ·3· · · · This is the start of tape number 1 of the | |
| ·4· ·videotaped deposition of Ho Wan Kwok in the | |
| ·5· ·matter In Re: Ho Wan Kwok in the United States | |
| ·6· ·Bankruptcy Court District of Connecticut | |
| ·7· ·Bridgeport Division, number 22-50073 (JAM). | |
| ·8· ·The parties have agreed to appear remotely on | |
| ·9· ·March 2, 2023, at approximately 10:28 a.m. | |
| 10· · · · My name is Matthew Chin-Quee from | |
| 11· ·TSG Reporting, and I'm the legal video | |
| 12· ·specialist.· The court reporter is | |
| 13· ·Angie Shaw-Crockett, in association with | |
| 14· ·TSG Reporting. | |
| 15· · · · Will all counsel please introduce | |
| 16· ·yourself. | |
| 17· · · · MR. LUFT:· Hi.· This is Avi Luft of | |
| 18· ·Paul Hastings.· I represent the Chapter 11 | |
| 19· ·trustee in, in Re: Ho Wan Kwok.· Along with me | |
| 20· ·are my colleagues Douglass Barron, Will Farmer, | |
| 21· ·and Luyi Song, who is a law clerk. | |
| 22· · · · MR. ROMNEY:· Aaron Romney, | |
| 23· ·Zeisler & Zeisler.· I represent the Debtor | |
| 24· ·Mr. Kwok in the main bankruptcy case.· Also | |
| | |
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25· ·representing him in his capacity as a witness
Case 22-50073 Doc 1604-48 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 7 of
105
| Page 6 | |
|--------|--|
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| ·1· · · · · · · · · · · · ·H. Kwok | |
|-------------------------------------------------------------------|--|
| ·2· · · · today in this adversary proceeding.· I do also | |
| ·3· · · · have an appearance on behalf of Mei Guo and | |
| ·4· · · · HKI USA in this adversary proceeding. | |
| ·5· · · · · · ·MS. BERGAMASCO:· This is Patricia | |
| ·6· · · · Bergamasco from Zeisler & Zeisler, representing | |
| ·7· · · · Mei Guo and HK International USA in the | |
| ·8· · · · adversary proceeding. | |
| ·9· · · · · · ·THE VIDEOGRAPHER:· Thank you. | |
| 10· · · · · · ·Will the court reporter please swear in | |
| 11· · · · the Interpreter and the witness. | |
| 12· ·J I N G Y I· ·W A N G, | |
| 13· · · · · having been first duly sworn by a Notary | |
| 14· · · · · Public within and for the State of New York, | |
| 15· · · · · translated the questions from | |
| 16· · · · · English to Mandarin and the answers | |
| 17· · · · · from Mandarin to English under oath as | |
| 18· · · · · follows: | |
| 19· · Ho Wan Kwok, having been called as a witness, having been | |
| 20· ·first duly sworn (through an Interpreter),· was examined and | |
| 21· ·testified as follows: | |
| 22· · · · · · ·THE WITNESS:· Thank you. | |
| 23· · · · · · ·THE INTERPRETER:· And just a note from the | |
| 24· · · · Interpreter.· The Interpreter has received the | |
| 25· · · · link, and the realtime is now working. | |
| | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 7 |
|-----------------------------------------------------------|--------|
| ·2· · · · · · ·MR. LUFT:· Great. | |
| ·3· ·EXAMINATION | |
| ·4· ·BY MR. LUFT: | |
| ·5· · · · Q.· ·Good morning, Mr. Kwok.· How are you? | |
| ·6· · · · A.· ·I'm very well, Counsel.· How are you this | |
| ·7· ·morning? | |
| ·8· · · · Q.· ·I'm well.· Thank you for asking. | |
| ·9· · · · · · ·Before we start, I'm going to read through | |
| 10· ·the terms that counsel has agreed to with regard to | |
| 11· ·this remote deposition today.· There are multiple, | |
| 12· ·so I think what I will do, I will pause after each | |
| 13· ·one so that the Interpreter has an opportunity to | |
| 14· ·just translate it.· I'm not looking for an answer, | |
| 15· ·I'm just more just stating what they are.· But I | |
| 16· ·think that will be easier. | |
| 17· · · · · · ·Trustee has agreed to take the debtor's | |
| 18· ·deposition remotely today based on the following | |
| 19· ·agreements agreed to by debtor's counsel, on his | |
| 20· ·behalf:· First, HK USA and Ms. Mei Guo no longer | |
| 21· ·intend to call the debtor to offer testimony on | |
| 22· ·their behalf and have removed him from their list of | |
| 23· ·intended hearing witnesses. | |
| 24· · · · · · ·The taking of this deposition remotely is | |
| 25· ·based on the understanding that other than questions | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 8 |
|-----------------------------------------------------------|--------|
| ·2· ·regarding Mr. Kwok's name, his address, and | |
| ·3· ·identifying who his family members are, it is the | |
| ·4· ·debtor's intention to assert his Fifth Amendment | |
| ·5· ·rights to any questions posed at this deposition. | |
| ·6· · · · · · ·If the debtor attempts to assert -- to | |
| ·7· ·not -- excuse me.· Let me strike that. | |
| ·8· · · · · · ·If the debtor attempts to not assert his | |
| ·9· ·Fifth Amendment rights and, instead, answer the | |
| 10· ·questions, this is a breach of the agreement to | |
| 11· ·conduct his deposition remotely, and his deposition | |
| 12· ·will immediately be taken in person.· Both sides are | |
| 13· ·clear that deciding to not answer a question by | |
| 14· ·asserting his Fifth Amendment rights is not an | |
| 15· ·option for the debtor to consider at this time. | |
| 16· · · · · · ·The remote deposition is being offered in | |
| 17· ·good faith because the debtor requested it, not | |
| 18· ·because of need or the trustee's acknowledgment that | |
| 19· ·a remote deposition of the debtor is appropriate | |
| 20· ·here or going forward.· And any attempt to | |
| 21· ·substantively answer and not assert his Fifth | |
| 22· ·Amendment rights is a breach of this agreement. | |
| 23· · · · · · ·I'm sorry.· We're going to need to go off | |
| 24· ·the record.· My computer just crashed.· I apologize. | |
| 25· · · · · · ·THE VIDEOGRAPHER:· We're going off the | |
| ·1· · · · · · · · · · H. Kwok | Page 9 |
|------------------------------------------------------|--------|
| ·2· ·record at 10:37 a.m. | |
| ·3· · · · (Recess.) | |
| ·4· · · · THE VIDEOGRAPHER:· We're back on the | |
| ·5· ·record at 10:45 a.m. | |
| ·6· · · · MR. LUFT:· I will keep going with the | |
| ·7· ·stipulations.· Sorry for the technical issue. | |
| ·8· · · · The debtor must be physically within the | |
| ·9· ·jurisdiction of the court, meaning within | |
| 10· ·100 miles of the court, when the deposition is | |
| 11· ·taken.· No one other than the debtor's | |
| 12· ·interpreter and his attorney from | |
| 13· ·Zeisler & Zeisler may be in the room with the | |
| 14· ·debtor when he is deposed.· The debtor may not | |
| 15· ·communicate with anyone other than his counsel | |
| 16· ·from Zeisler & Zeisler when the deposition is | |
| 17· ·on the record. | |
| 18· · · · The debtor's interpreter is not to | |
| 19· ·communicate with the debtor while we are on the | |
| 20· ·record.· The only interpreter is the official | |
| 21· ·one, Ms. Jingyi Wang.· The debtor's interpreter | |
| 22· ·is there to help the debtor communicate with | |
| 23· ·Zeisler & Zeisler on breaks and to advise | |
| 24· ·Zeisler & Zeisler regarding the translation | |
| 25· ·while the deposition is ongoing.· The debtor's | |
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| Page 10 | | |
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| ·1· · · · · · · · · · H. Kwok | | | | |
|------------------------------------------------------|--|--|--|--|
| ·2· ·interpreter is not to speak on the record. | | | | |
| ·3· · · · The debtor is to have access to no devices | | | | |
| ·4· ·that can send or receive messages while the | | | | |
| ·5· ·deposition is on the record.· The debtor is not | | | | |
| ·6· ·to send or read messages during the deposition | | | | |
| ·7· ·while it is on the record. | | | | |
| ·8· · · · Are we -- all counsel, are we all still in | | | | |
| ·9· ·agreement as to these stipulated agreements? | | | | |
| 10· · · · MR. ROMNEY:· Yes.· That's correct.· The | | | | |
| 11· ·only qualification I would say is, to the | | | | |
| 12· ·extent I need to say something on the record | | | | |
| 13· ·that requires the debtor to understand | | | | |
| 14· ·Ms. Wilkinson -- to the extent I need to | | | | |
| 15· ·communicate with the debtor, it will be through | | | | |
| 16· ·Ms. Wilkinson. | | | | |
| 17· · · · MR. LUFT:· Mr. Romney, while we're on the | | | | |
| 18· ·record, I'd ask that you use Ms. Wang to speak | | | | |
| 19· ·to the debtor.· To extent you need to speak to | | | | |
| 20· ·him about privilege, let's go off the record, | | | | |
| 21· ·in which case, you can use Ms. Wilkinson | | | | |
| 22· ·however you need to, to speak to him. | | | | |
| 23· · · · MR. ROMNEY:· Sure.· I think that's | | | | |
| 24· ·generally correct.· To the extent that, like in | | | | |
| 25· ·a typical setting, where I would say something | | | | |
Case 22-50073 Doc 1604-48 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 12
of 105
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| ·1· · · · · · · · · · · · ·H. Kwok | | |
|-----------------------------------------------------------|--|--|
| ·2· · · · to a client on the record without taking a | | |
| ·3· · · · break to determine if a break is necessary, it | | |
| ·4· · · · may need to be through Ms. Wilkinson, but I'm | | |
| ·5· · · · not anticipating any issues. | | |
| ·6· · · · · · ·MR. LUFT:· Fine. | | |
| ·7· · · · · · ·And Ms. Bergamasco, you remain in | | |
| ·8· · · · agreement to these terms? | | |
| ·9· · · · · · ·MS. BERGAMASCO:· Can you repeat that? | | |
| 10· · · · · · ·MR. LUFT:· Just confirming that your firm | | |
| 11· · · · remains in agreement to the terms that have | | |
| 12· · · · been agreed upon that I have just set forth. | | |
| 13· · · · · · ·MS. BERGAMASCO:· Yes. | | |
| 14· · · · · · ·MR. LUFT:· Great. | | |
| 15· ·BY MR. LUFT: | | |
| 16· · · · Q.· ·Mr. Kwok, you have been extremely patient. | | |
| 17· ·Thank you for that. | | |
| 18· · · · · · ·Mr. Kwok, can I ask you to state your name | | |
| 19· ·and your residence for the record? | | |
| 20· · · · A.· ·My Chinese name is Kwok Ho Wan.· My | | |
| 21· ·address is on the Fifth Avenue in New York.· It's | | |
| 22· ·the Sherry-Netherlands, but I can't remember the | | |
| 23· ·exact number.· It's either 768 or 769. | | |
| 24· · · · Q.· ·And Mr. Kwok, are you in that address | | |
| 25· ·right now? | | |
| | | |
| | | Page 12 | | |
|----------------------------------------------------------|-----------------------------------------------------------|---------|--|--|
| | ·1· · · · · · · · · · · · ·H. Kwok | | | |
| ·2· · · · A.· ·Yes. | | | | |
| | ·3· · · · Q.· ·Okay.· Mr. Kwok, I know you've been | | | |
| ·4· ·deposed before, but I just want to go over some | | | | |
| ·5· ·basic ground rules just so we are on the same page; | | | | |
| ·6· ·is that okay? | | | | |
| ·7· · · · A.· ·Okay. | | | | |
| | ·8· · · · Q.· ·Mr. Kwok, do you understand that you're | | | |
| ·9· ·testifying under oath today? | | | | |
| | 10· · · · A.· ·Yes, I understand. | | | |
| | 11· · · · Q.· ·And by that, all your -- any testimony you | | | |
| 12· ·offer must be truthful. | | | | |
| | 13· · · · · · ·Do you understand that? | | | |
| | 14· · · · A.· ·Yes, I understand. | | | |
| | 15· · · · Q.· ·Is there any reason that you cannot offer | | | |
| 16· ·truthful testimony today? | | | | |
| 17· · · · A.· ·No. | | | | |
| | 18· · · · Q.· ·Mr. Kwok, can we have an agreement that if | | | |
| 19· ·any of my questions are not clear to you, you will | | | | |
| | 20· ·ask me -- you will let me know and ask me to | | | |
| 21· ·clarify? | | | | |
| | 22· · · · A.· ·Okay.· Thank you very much. | | | |
| | 23· · · · Q.· ·Mr. Kwok, if you don't tell me that | | | |
| 24· ·something is unclear, could we have an agreement | | | | |
| 25· ·that I can assume that you understand my question? | | | | |
| | | | | |
| Page 13 | |
|---------|--|
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| | ·1· · · · · · · · · · · · ·H. Kwok | |
|----------------------------|----------------------------------------------------------|--|
| | ·2· · · · A.· ·Okay.· That's fine. | |
| | ·3· · · · Q.· ·Mr. Kwok, is anyone in the room with you | |
| ·4· ·today? | | |
| | ·5· · · · A.· ·My attorney and the Interpreter, Una. | |
| | ·6· · · · Q.· ·Is your attorney Mr. Romney? | |
| | ·7· · · · A.· ·I only know him by Aaron.· I'm not sure | |
| ·8· ·about his other name. | | |
| | ·9· · · · · · ·MR. LUFT:· Mr. Romney, that is you, | |
| 10· · · · correct? | | |
| | 11· · · · · · ·MR. ROMNEY:· Yes, it is me, Avi.· Aaron | |
| 12· · · · Romney. | | |
| 13· ·BY MR. LUFT: | | |
| | 14· · · · Q.· ·And your interpreter is Una Wilkinson, | |
| 15· ·correct? | | |
| 16· · · · A.· ·Yes. | | |
| | 17· · · · Q.· ·Is there anyone else in the room with you | |
| 18· ·today? | | |
| 19· · · · A.· ·No. | | |
| | 20· · · · Q.· ·Mr. Kwok, what is the name of your | |
| 21· ·daughter? | | |
| | 22· · · · A.· ·Kwok Mei. | |
| | 23· · · · Q.· ·And what is the name of your son? | |
| | 24· · · · A.· ·Kwok Qiang. | |
| | 25· · · · Q.· ·Does he sometimes also go by the name | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 14 |
|----------------------------------------------------------|-----------------------------------------------------------|---------|
| ·2· ·Mileson Kwok? | | |
| | | |
| ·3· · · · A.· ·Yes. | | |
| | ·4· · · · Q.· ·And what is name of your wife? | |
| | ·5· · · · A.· ·Yu Chang Chu. | |
| | ·6· · · · Q.· ·Mr. Kwok, did you do anything to prepare | |
| | ·7· ·for your deposition today? | |
| ·8· · · · A.· ·No. | | |
| | ·9· · · · Q.· ·Did you meet with counsel to prepare for | |
| 10· ·your deposition today? | | |
| 11· · · · A.· ·No. | | |
| | 12· · · · Q.· ·Did you review any documents in | |
| 13· ·preparation for your deposition today? | | |
| 14· · · · A.· ·No. | | |
| | 15· · · · Q.· ·Did you review anything to refresh your | |
| 16· ·recollection for your deposition today? | | |
| 17· · · · A.· ·No. | | |
| | 18· · · · Q.· ·At this point, Mr. Kwok, we're going to | |
| 19· ·shift to the substantive part of your deposition to | | |
| | 20· ·which I understand it is your intention to plead the | |
| 21· ·Fifth. | | |
| | 22· · · · · · ·I ask that you just let me finish asking | |
| 23· ·my question and allow the translator to fully | | |
| 24· ·translate it before you make any such assertion, | | |
| 25· ·okay? | | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 15 |
|----|-----------------------------------------------------------|---------|
| | ·2· · · · A.· ·Okay. | |
| | ·3· · · · Q.· ·Mr. Kwok, at all times since the Lady May | |
| | ·4· ·was purchased on February 23, 2015, by Hong Kong | |
| | ·5· ·International Funds Investments Limited, which I | |
| | ·6· ·will also refer to as "HK International," you have | |
| | ·7· ·been the beneficial owner of the Lady May, correct? | |
| | ·8· · · · A.· ·I assert the Fifth. | |
| | ·9· · · · Q.· ·At all times since the Lady May was | |
| | 10· ·purchased on February 23, 2015, by HK International, | |
| | 11· ·you, the debtor, have been the equitable owner of | |
| | 12· ·the Lady May, correct? | |
| | 13· · · · A.· ·I plead the Fifth. | |
| | 14· · · · Q.· ·At all times since the Lady May was | |
| | 15· ·purchased on February 23, 2015, by HK International, | |
| | 16· ·you have controlled the Lady May? | |
| | 17· · · · A.· ·The Fifth. | |
| | 18· · · · Q.· ·At all times since the Lady May was | |
| | 19· ·purchased on February 23, 2015, by Hong Kong | |
| | 20· ·International, you have been the legal owner of the | |
| | 21· ·Lady May? | |
| | 22· · · · · · ·THE WITNESS:· Ms. Wang, what is the | |
| | 23· · · · question?· Is that the question whether I am? | |
| | 24· · · · · · ·MR. LUFT:· Yes. | |
| 25 | | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 16 |
|-----------------------------------------------------------|-----------------------------------------------------------|---------|
| ·2· ·BY MR. LUFT: | | |
| | ·3· · · · Q.· ·Is my statement correct? | |
| | ·4· · · · A.· ·The Fifth. | |
| | ·5· · · · Q.· ·Mr. Kwok, you do not need Mei Guo's | |
| ·6· ·permission to board the Lady May, correct? | | |
| | ·7· · · · A.· ·The Fifth. | |
| | ·8· · · · Q.· ·Mr. Kwok, you do not need to ask Mei Guo's | |
| | ·9· ·permission to use the Lady May, correct? | |
| | 10· · · · A.· ·The Fifth. | |
| | 11· · · · Q.· ·Mr. Kwok, you do not need to ask Mei Guo's | |
| 12· ·permission to direct the crew of the Lady May to | | |
| 13· ·navigate the Lady May from location to location, | | |
| 14· ·correct? | | |
| | 15· · · · A.· ·The Fifth. | |
| | 16· · · · Q.· ·Mr. Kwok, at all times since the | |
| 17· ·establishment of Hong Kong International Funds | | |
| 18· ·Investment Limited, you have been its beneficial | | |
| 19· ·owner, correct? | | |
| | 20· · · · A.· ·The Fifth. | |
| | 21· · · · Q.· ·Mr. Kwok, at all times since the | |
| 22· ·establishment of HK International, you have been its | | |
| 23· ·equitable owner, correct? | | |
| | 24· · · · A.· ·The Fifth. | |
| | 25· · · · Q.· ·Mr. Kwok, at all times since the | |
Case 22-50073 Doc 1604-48 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 18
YVer1f
·1· · · · · · · · · · · · ·H. Kwok
·4· · · · A.· ·The Fifth.
·7· ·legal owner, correct?
·8· · · · A.· ·The Fifth.
15· · · · a legal term.
19· ·BY MR. LUFT:
23· · · · A.· ·The Fifth.
·2· ·establishment of HK International, you have
·3· ·controlled HK International, correct?
·5· · · · Q.· ·Mr. Kwok, at all times since the
·9· · · · Q.· ·Mr. Kwok, at all times since the
11· ·has been your alter ego, correct?
13· · · · please explain "alter ego"?
17· · · · · · ·MR. LUFT:· Okay.
18· · · · · · ·THE WITNESS:· The Fifth.
·6· ·establishment of HK International, you have been its
10· ·establishment of HK International, it has been -- it
12· · · · · · ·THE INTERPRETER:· Counsel, could you
14· · · · · · ·MR. LUFT:· Just translate the term.· It's
20· · · · Q.· ·Mr. Kwok, you're familiar with an entity
21· ·called "HK International Funds Investment USA
24· · · · Q.· ·Mr. Kwok, at all times since the
25· ·establishment of HK USA, you have been its
22· ·Limited," or I may refer to it as "HK USA," correct?
TSG Reporting - Worldwide Worldwide· · 877-702-9580
16· · · · · · ·THE INTERPRETER:· I've got the legal term.
| | of 105 |
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| | |
| ·2· ·beneficial owner, correct?
·3· · · · A.· ·The Fifth.
·4· · · · Q.· ·Mr. Kwok, at all times since the
·5· ·establishment of HK USA, you have been its equitable
·6· ·owner, correct?
·7· · · · A.· ·The Fifth.
·8· · · · Q.· ·Mr. Kwok, at all times since the
·9· ·establishment of HK USA, you have controlled it,
10· ·correct?
11· · · · A.· ·The Fifth.
12· · · · Q.· ·Mr. Kwok, at all times since the
13· ·establishment of HK USA, you have been its legal
14· ·owner, correct?
15· · · · A.· ·The Fifth.
16· · · · Q.· ·Mr. Kwok, at all times since the
17· ·establishment of HK USA, it has been your alter ego,
18· ·correct?
19· · · · A.· ·The Fifth.
20· · · · Q.· ·Mr. Kwok, you know an individual named
21· ·Natasha Qu, correct?
22· · · · A.· ·The Fifth.
23· · · · Q.· ·Mr. Kwok, the transfer of HK International
24· ·to Natasha Qu was done to hide your assets from your
25· ·creditors, correct? | | | ·1· · · · · · · · · · · · ·H. Kwok | Page 18 |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|------------------------------------|---------|
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| ·1· · · · · · · · · · · · ·H. Kwok | Page 19 |
|-----------------------------------------------------------|---------|
| ·2· · · · A.· ·The Fifth. | |
| ·3· · · · Q.· ·Mr. Kwok, you directed Natasha Qu to | |
| ·4· ·execute a declaration of trust, governing your | |
| ·5· ·shares in Hong Kong International on or about | |
| ·6· ·October 10, 2014, correct? | |
| ·7· · · · A.· ·The Fifth. | |
| ·8· · · · · · ·MR. LUFT:· At this point, I'd ask the | |
| ·9· · · · court reporter to mark as Kwok PJR Deposition | |
| 10· · · · Exhibit 1, a copy of the declaration of trust | |
| 11· · · · made on the 10th day of October 2014, as well | |
| 12· · · · as the certified translation we have of it. | |
| 13· · · · · · ·I'll ask my colleague, Mr. Farmer, to post | |
| 14· · · · that if possible. | |
| 15· · · · · · ·(Kwok PJR Exhibit 1 was received and | |
| 16· · · · marked for identification, as of this date.) | |
| 17· ·BY MR. LUFT: | |
| 18· · · · Q.· ·Mr. Kwok, take a minute to review the | |
| 19· ·Exhibit 1. | |
| 20· · · · · · ·MR. ROMNEY:· Avi, may be the formatting of | |
| 21· · · · the screen.· I don't see Bates numbers on | |
| 22· · · · there. | |
| 23· · · · · · ·Have these been produced in connection | |
| 24· · · · with the PJR proceeding? | |
| 25· · · · · · ·MR. LUFT:· There is no Bates number.· We | |
of 105
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| ·1· · · · · · · · · · · · ·H. Kwok | Page 20 |
|-----------------------------------------------------------|---------|
| ·2· · · · have offered to produce it to you. | |
| ·3· · · · · · ·MR. ROMNEY:· I'm sorry.· I'm not sure what | |
| ·4· · · · you're referring to. | |
| ·5· · · · · · ·THE WITNESS:· I'm done reading it. | |
| ·6· ·BY MR. LUFT: | |
| ·7· · · · Q.· ·Mr. Kwok, is this a true and correct copy | |
| ·8· ·of the Declaration of Trust you entered into with | |
| ·9· ·Natasha Kwok [sic] on October 10 -- Natasha Qu, on | |
| 10· ·October 10, 2014, relating to your shares of Hong | |
| 11· ·Kong International? | |
| 12· · · · · · ·MR. ROMNEY:· Object to the form of the | |
| 13· · · · question. | |
| 14· · · · A.· ·The Fifth. | |
| 15· ·BY MR. LUFT: | |
| 16· · · · Q.· ·Mr. Kwok, the signed copy of Exhibit 1, | |
| 17· ·the Declaration of Trust, dated October 10, 2014, | |
| 18· ·was given to your counsel Stevenson, Wong & Co. for | |
| 19· ·them to retain on your behalf, correct? | |
| 20· · · · A.· ·The Fifth. | |
| 21· · · · Q.· ·Mr. Kwok, pursuant to the terms of the | |
| 22· ·Declaration of Trust, even after Hong Kong | |
| 23· ·International was transferred by you to Natasha Qu, | |
| 24· ·you still retained control and beneficial ownership | |
| 25· ·of Hong Kong International and its assets, including | |
| | |
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| | Case 22-50073
Doc 1604-48
Filed 03/27/23
Entered 03/27/23 14:12:10
of 105 | Page 22 |
|---------------|---------------------------------------------------------------------------------------|---------|
| | ·1· · · · · · · · · · · · ·H. Kwok | |
| | ·2· ·the Lady May, correct? | |
| | ·3· · · · · · ·MR. ROMNEY:· Objection to form. | |
| | ·4· · · · A.· ·The Fifth. | |
| | ·5· ·BY MR. LUFT: | |
| | ·6· · · · Q.· ·Mr. Kwok, the Lady May was purchased on | |
| | ·7· ·your behalf, correct? | |
| | ·8· · · · A.· ·The Fifth. | |
| | ·9· · · · Q.· ·Mr. Kwok, the Lady May was purchased for | |
| | 10· ·you to control and beneficially own, correct? | |
| | 11· · · · A.· ·The Fifth. | |
| | 12· · · · Q.· ·Mr. Kwok, all of the funds used to | |
| | 13· ·purchase the Lady May were funds you owned and | |
| | 14· ·controlled, correct? | |
| | 15· · · · A.· ·The Fifth. | |
| | 16· · · · Q.· ·Mr. Kwok, you funded the purchase of the | |
| | 17· ·Lady May on February 23, 2015, with funds you | |
| | 18· ·exclusively controlled to an entity named Bravo | |
| | 19· ·Luck, correct? | |
| | 20· · · · A.· ·The Fifth. | |
| | 21· · · · Q.· ·Mr. Kwok, Bravo Luck is an entity that you | |
| | 22· ·at all times have had exclusive control over, | |
| 23· ·correct? | | |
- 24· · · · A.· ·The Fifth.
- 25· · · · Q.· ·Mr. Kwok, at all times, you have had
| of 105 | |
|--------|--|
| | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 22 |
|-------------------------------------------------|-----------------------------------------------------------|---------|
| | ·2· ·exclusive control over the assets of Bravo Luck, | |
| ·3· ·correct? | | |
| | ·4· · · · A.· ·The Fifth. | |
| | ·5· · · · Q.· ·Mr. Kwok, none of the funds used to | |
| | ·6· ·purchase the Lady May belonged to your son, Mileson | |
| ·7· ·Kwok, correct? | | |
| | ·8· · · · A.· ·The Fifth. | |
| | ·9· · · · Q.· ·Mr. Kwok, you had the Lady May purchased | |
| | 10· ·by Hong Kong International for your own use, | |
| 11· ·correct? | | |
| | 12· · · · A.· ·The Fifth. | |
| | 13· · · · Q.· ·Mr. Kwok, you directed Hong Kong | |
| | 14· ·International to purchase the Lady May with your own | |
| | 15· ·assets to attempt to obscure your ownership of the | |
| 16· ·Lady May, correct? | | |
| | 17· · · · A.· ·The Fifth. | |
| | 18· · · · Q.· ·For clarity, when I refer to Bravo Luck, | |
| | 19· ·you understand I'm referring to Bravo Luck Limited, | |
| 20· ·correct? | | |
| | 21· · · · A.· ·The Fifth. | |
| | 22· · · · Q.· ·Mr. Kwok, you directed Hong Kong | |
| | 23· ·International to purchase the Lady May with funds | |
| 24· ·you owned to shield the Lady May from your | | |
| | 25· ·creditors, correct? | |
| | | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 23 |
|-----------------------------------------------------------|---------|
| ·2· · · · A.· ·The Fifth. | |
| ·3· · · · Q.· ·Mr. Kwok, you directed Ms. Qu to transfer | |
| ·4· ·her purported ownership in Hong Kong International | |
| ·5· ·to Mei Guo for the consideration of one Hong Kong | |
| ·6· ·dollar on June 27, 2017, correct? | |
| ·7· · · · A.· ·The Fifth. | |
| ·8· · · · Q.· ·Mr. Kwok, you directed the transfer on | |
| ·9· ·June 27, 2017, of Ms. Qu's purported ownership of | |
| 10· ·HK International to Mei Guo for the consideration of | |
| 11· ·one Hong Kong dollar in an attempt to obscure your | |
| 12· ·ownership of the Lady May, correct? | |
| 13· · · · A.· ·The Fifth. | |
| 14· · · · Q.· ·Mr. Kwok, you directed the transfer on | |
| 15· ·June 27, 2017, of Ms. Qu's purported ownership of HK | |
| 16· ·International to Mei Guo for the consideration of | |
| 17· ·one Hong Kong dollar to try to shield the Lady May | |
| 18· ·from your creditors, correct? | |
| 19· · · · A.· ·The Fifth. | |
| 20· · · · Q.· ·Mr. Kwok, the transfer on June 27, 2017, | |
| 21· ·of Ms. Qu's purported ownership of HK International | |
| 22· ·to Mei Guo did not change the fact that you remained | |
| 23· ·in control of and the beneficial owner | |
| 24· ·of HK International, correct? | |
| 25· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 24 |
|-----------------------------------------------------------|---------|
| ·2· · · · A.· ·The Fifth. | |
| ·3· ·BY MR. LUFT: | |
| ·4· · · · Q.· ·Let me just break that up, because there | |
| ·5· ·was an objection. | |
| ·6· · · · · · ·The transfer on June 27, 2017, of Ms. Qu's | |
| ·7· ·purported ownership of HK International to Mei Guo | |
| ·8· ·did not change the fact that you remained in control | |
| ·9· ·of HK International following that transfer, | |
| 10· ·correct? | |
| 11· · · · A.· ·The Fifth. | |
| 12· · · · Q.· ·Mr. Kwok, the transfer on June 27, 2017, | |
| 13· ·of Ms. Qu's purported ownership of HK International | |
| 14· ·to Mei Guo did not change the fact that you remained | |
| 15· ·the beneficial owner of Hong Kong International | |
| 16· ·after that transfer, correct? | |
| 17· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 18· · · · A.· ·The Fifth. | |
| 19· ·BY MR. LUFT: | |
| 20· · · · Q.· ·Mr. Kwok, the transfer on June 27, 2017, | |
| 21· ·of Ms. Qu's purported ownership of HK International | |
| 22· ·to Mei Guo did not change the fact that you remained | |
| 23· ·in control of the Lady May both before and after the | |
| 24· ·transfer, correct? | |
| 25· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 25 |
|-----------------------------------------------------------|---------|
| ·2· · · · A.· ·The Fifth. | |
| ·3· ·BY MR. LUFT: | |
| ·4· · · · Q.· ·Mr. Kwok, the transfer on June 27, 2017, | |
| ·5· ·of Ms. Qu's purported ownership of HK International | |
| ·6· ·to Mei Guo did not change the fact that you remained | |
| ·7· ·the beneficial owner of the Lady May both before and | |
| ·8· ·after the transfer, correct? | |
| ·9· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 10· · · · A.· ·The Fifth. | |
| 11· ·BY MR. LUFT: | |
| 12· · · · Q.· ·Mr. Kwok, you -- and by that, I mean | |
| 13· ·yourself or through your agents -- directed the | |
| 14· ·formation of HK International Funds Investments USA | |
| 15· ·Limited on September 11, 2018, correct? | |
| 16· · · · A.· ·The Fifth. | |
| 17· · · · Q.· ·Mr. Kwok, the Lady May was transferred to | |
| 18· ·HK USA in an attempt to obscure your ownership of | |
| 19· ·the Lady May, correct? | |
| 20· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 21· · · · A.· ·The Fifth. | |
| 22· ·BY MR. LUFT: | |
| 23· · · · Q.· ·Mr. Kwok, the Lady May was transferred to | |
| 24· ·HK USA at your direction in an attempt to shield it | |
| 25· ·from your creditor, correct? | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 26 |
|---------------------------------|---------------------------------------------------------|---------|
| | ·2· · · · A.· ·The Fifth. | |
| | ·3· · · · Q.· ·Mr. Kwok, you have used the entities | |
| | ·4· ·Golden Spring and Lamp Capital to pay the expenses | |
| | ·5· ·of the Lady May, correct? | |
| | ·6· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | ·7· · · · A.· ·The Fifth. | |
| | ·8· ·BY MR. LUFT: | |
| | ·9· · · · Q.· ·Mr. Kwok, you are the owner of | |
| | 10· ·Golden Spring, correct? | |
| | 11· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | 12· · · · A.· ·The Fifth. | |
| 13· ·BY MR. LUFT: | | |
| | 14· · · · Q.· ·Mr. Kwok, all assets owned by Golden | |
| | 15· ·Spring belong to you, correct? | |
| | 16· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | 17· · · · A.· ·The Fifth. | |
| | 18· ·BY MR. LUFT: | |
| | 19· · · · Q.· ·Mr. Kwok, you control Golden Springs | |
| 20· ·Limited, correct? | | |
| | 21· · · · A.· ·The Fifth. | |
| | 22· · · · Q.· ·Mr. Kwok, you have control of all assets | |
| 23· ·of Golden Spring, correct? | | |
| | 24· · · · A.· ·The Fifth. | |
| | 25· · · · Q.· ·Mr. Kwok, all expenses related to the | |
| | | |
| ·1· · · · · · · · · · · · ·H. Kwok | | Page 27 |
|--------------------------------------------------------|----------------------------------------------------------|---------|
| | ·2· ·Lady May paid by Golden Spring New York Limited, | |
| | ·3· ·which I've been referring to as "Golden Spring," | |
| | ·4· ·were paid with funds you control, correct? | |
| ·5· · · · A.· ·The Fifth. | | |
| | ·6· · · · Q.· ·Mr. Kwok, all expenses related to the | |
| | ·7· ·Lady May paid by Golden Spring were paid with funds | |
| ·8· ·you owned, correct? | | |
| ·9· · · · · · ·MR. ROMNEY:· Object to the form. | | |
| 10· · · · A.· ·The Fifth. | | |
| 11· ·BY MR. LUFT: | | |
| | 12· · · · Q.· ·Mr. Kwok, all expenses related to the | |
| 13· ·Lady May paid by Golden Spring were paid at your | | |
| 14· ·direction, correct? | | |
| 15· · · · A.· ·The Fifth. | | |
| | 16· · · · Q.· ·Mr. Kwok, none of the expenses paid by | |
| 17· ·Golden Spring for the Lady May were paid for with | | |
| | 18· ·assets belonging to Mileson Kwok, correct? | |
| | 19· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 20· · · · A.· ·The Fifth. | | |
| 21· ·BY MR. LUFT: | | |
| | 22· · · · Q.· ·Mr. Kwok, you are the equitable owner of | |
| 23· ·Lamp Capital, correct? | | |
| 24· · · · A.· ·The Fifth. | | |
| | 25· · · · Q.· ·Mr. Kwok, you are the beneficial owner of | |
| | | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 28 |
|----------------------------------------------------------|----------------------------------------------------------|---------|
| ·2· ·Lamp Capital, correct? | | |
| | ·3· · · · A.· ·The Fifth. | |
| | ·4· · · · Q.· ·Mr. Kwok, you're the equitable owner of | |
| | ·5· ·Golden Spring, correct? | |
| | ·6· · · · A.· ·The Fifth. | |
| | ·7· · · · Q.· ·Mr. Kwok, you are the beneficial owner of | |
| | ·8· ·Golden Spring, correct? | |
| | ·9· · · · A.· ·The Fifth. | |
| | 10· · · · Q.· ·Mr. Kwok, you have exclusive control over | |
| | 11· ·Lamp Capital, correct? | |
| | 12· · · · A.· ·The Fifth. | |
| | 13· · · · Q.· ·Mr. Kwok, all expenses related to the | |
| 14· ·Lady May paid by Lamp Capital LLC were paid with | | |
| 15· ·assets you controlled, correct? | | |
| | 16· · · · A.· ·The Fifth. | |
| | 17· · · · Q.· ·Mr. Kwok, all expenses related to the | |
| 18· ·Lady May paid by Lamp Capital LLC were paid with | | |
| 19· ·assets that you owned, correct? | | |
| | 20· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | 21· · · · A.· ·The Fifth. | |
| 22· ·BY MR. LUFT: | | |
| | 23· · · · Q.· ·Mr. Kwok, all expenses related to the | |
| 24· ·Lady May paid by Lamp Capital LLC were paid at your | | |
| | 25· ·direction, correct? | |
| | | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 29 |
|----|-----------------------------------------------------------|---------|
| | ·2· · · · A.· ·The Fifth. | |
| | ·3· · · · Q.· ·Mr. Kwok, none of the expenses paid by | |
| | ·4· ·Lamp Capital related to the Lady May were paid with | |
| | ·5· ·assets belonging to Mileson Kwok? | |
| | ·6· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | ·7· · · · A.· ·The Fifth. | |
| | ·8· ·BY MR. LUFT: | |
| | ·9· · · · Q.· ·Mr. Kwok, none of the assets of | |
| | 10· ·Lamp Capital belong to Mr. Kwok -- Mr. Mileson Kwok, | |
| | 11· ·correct? | |
| | 12· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | 13· · · · A.· ·The Fifth. | |
| | 14· ·BY MR. LUFT: | |
| | 15· · · · Q.· ·Mr. Kwok, you have exclusive control over | |
| | 16· ·the assets of Lamp Capital, correct? | |
| | 17· · · · A.· ·The Fifth. | |
| | 18· · · · Q.· ·Mr. Kwok, your son Mileson Kwok has no | |
| | 19· ·control over the assets of Lamp Capital, correct? | |
| | 20· · · · A.· ·The Fifth. | |
| | 21· · · · Q.· ·Mr. Kwok, your son Mileson Kwok has no | |
| | 22· ·control over the assets of Golden Spring, correct? | |
| | 23· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | 24· · · · A.· ·The Fifth. | |
| 25 | | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 30 |
|-----------------------------------------------------------|---------|
| ·2· ·BY MR. LUFT: | |
| ·3· · · · Q.· ·Mr. Kwok, you asked Yvette Wang to take | |
| ·4· ·actions on your behalf related to the Lady May and | |
| ·5· ·HK USA and HK International, correct? | |
| ·6· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·7· · · · A.· ·The Fifth. | |
| ·8· ·BY MR. LUFT: | |
| ·9· · · · Q.· ·Mr. Kwok, you asked Max Krasner to take | |
| 10· ·actions related to the Lady May, HK International, | |
| 11· ·and HK USA on your behalf, correct? | |
| 12· · · · · · ·MR. ROMNEY:· Objection. | |
| 13· · · · A.· ·The Fifth. | |
| 14· ·BY MR. LUFT: | |
| 15· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang | |
| 16· ·relating to the Lady May are taken at your | |
| 17· ·direction, correct? | |
| 18· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 19· · · · A.· ·The Fifth. | |
| 20· ·BY MR. LUFT: | |
| 21· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang | |
| 22· ·related to the Lady May are taken on your behalf, | |
| 23· ·correct? | |
| 24· · · · A.· ·The Fifth. | |
| 25· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 31 |
|-----------------------------------------------------------|---------|
| ·2· ·BY MR. LUFT: | |
| ·3· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner | |
| ·4· ·that relate to the Lady May are taken at your | |
| ·5· ·direction, correct? | |
| ·6· · · · A.· ·The Fifth. | |
| ·7· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner | |
| ·8· ·related to the Lady May are taken on your behalf, | |
| ·9· ·correct? | |
| 10· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 11· · · · A.· ·The Fifth. | |
| 12· ·BY MR. LUFT: | |
| 13· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang | |
| 14· ·relating to HK International are taken at your | |
| 15· ·direction, correct? | |
| 16· · · · A.· ·The Fifth. | |
| 17· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang | |
| 18· ·relating to HK USA are taken at your direction, | |
| 19· ·correct? | |
| 20· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 21· · · · A.· ·The Fifth. | |
| 22· ·BY MR. LUFT: | |
| 23· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang | |
| 24· ·relating to HK International are taken on your | |
| 25· ·behalf, correct? | |
| | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 32 |
|-----------------------------------------------------------|---------|
| ·2· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·3· · · · A.· ·The Fifth. | |
| ·4· ·BY MR. LUFT: | |
| ·5· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang | |
| ·6· ·relating to HK USA are taken on your behalf, | |
| ·7· ·correct? | |
| ·8· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·9· · · · A.· ·The Fifth. | |
| 10· ·BY MR. LUFT: | |
| 11· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner | |
| 12· ·as related to HK International are taken at your | |
| 13· ·direction, correct? | |
| 14· · · · · · ·MR. ROMNEY:· Objection to form. | |
| 15· · · · A.· ·The Fifth. | |
| 16· ·BY MR. LUFT: | |
| 17· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner | |
| 18· ·as related to HK USA are taken at your direction, | |
| 19· ·correct? | |
| 20· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 21· · · · A.· ·The Fifth. | |
| 22· ·BY MR. LUFT: | |
| 23· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner | |
| 24· ·as related to HK International are taken on your | |
| 25· ·behalf, correct? | |
| | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 33 |
|-----------------------------------------------------------|---------|
| ·2· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·3· · · · A.· ·The Fifth. | |
| ·4· ·BY MR. LUFT: | |
| ·5· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner | |
| ·6· ·as related to HK USA are taken on your behalf, | |
| ·7· ·correct? | |
| ·8· · · · · · ·MR. ROMNEY:· Object to form. | |
| ·9· · · · A.· ·The Fifth. | |
| 10· ·BY MR. LUFT: | |
| 11· · · · Q.· ·Mr. Kwok, Yvette Wang is currently your | |
| 12· ·employee, correct? | |
| 13· · · · A.· ·The Fifth. | |
| 14· · · · Q.· ·Mr. Kwok, Ms. Wang has been your employee | |
| 15· ·since at least 2015 and up through the present, | |
| 16· ·correct? | |
| 17· · · · A.· ·The Fifth. | |
| 18· · · · Q.· ·Mr. Kwok, Ms. Wang, since at least 2015 | |
| 19· ·through the present, has acted as your agent, | |
| 20· ·correct? | |
| 21· · · · A.· ·The Fifth. | |
| 22· · · · Q.· ·Mr. Kwok, Ms. Wang currently acts as your | |
| 23· ·agent, correct? | |
| 24· · · · A.· ·The Fifth. | |
| 25· · · · Q.· ·Mr. Kwok, you know the current location of | |
| | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 34 |
|-----------------------------|-----------------------------------------------------------|---------|
| | ·2· ·Ms. Wang, correct? | |
| | ·3· · · · A.· ·The Fifth. | |
| | ·4· · · · Q.· ·Mr. Kwok, at what location does Ms. Wang | |
| | ·5· ·currently reside? | |
| | ·6· · · · A.· ·The Fifth. | |
| | ·7· · · · Q.· ·Mr. Kwok, Max Krasner is currently your | |
| | ·8· ·employee, correct? | |
| | ·9· · · · A.· ·The Fifth. | |
| | 10· · · · Q.· ·Mr. Kwok, at all times Mr. Krasner has had | |
| | 11· ·any involvement with the Lady May, he has been your | |
| 12· ·employee, correct? | | |
| | 13· · · · A.· ·The Fifth. | |
| | 14· · · · Q.· ·Mr. Kwok, at all times that you've had | |
| | 15· ·involvement with Mr. Krasner, he has acted as your | |
| | 16· ·agent, correct? | |
| | 17· · · · A.· ·The Fifth. | |
| | 18· · · · Q.· ·Mr. Kwok, Mr. Krasner currently acts as | |
| 19· ·your agent, correct? | | |
| | 20· · · · A.· ·The Fifth. | |
| | 21· · · · Q.· ·Mr. Kwok, you have Mr. Krasner's current | |
| | 22· ·contact information, including his address and his | |
| 23· ·phone number, correct? | | |
| | 24· · · · A.· ·The Fifth. | |
| | 25· · · · Q.· ·Mr. Kwok, what is Mr. Krasner's current | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 35 |
|--------------------|-----------------------------------------------------------|---------|
| ·2· ·home address? | | |
| | ·3· · · · A.· ·The Fifth. | |
| | ·4· · · · Q.· ·Mr. Kwok, what is Mr. Krasner's current | |
| ·5· ·phone number? | | |
| | ·6· · · · A.· ·The Fifth. | |
| | ·7· · · · Q.· ·Mr. Kwok, you know how to get in touch | |
| | ·8· ·with Ms. Yvette Wang, correct? | |
| | ·9· · · · A.· ·The Fifth. | |
| | 10· · · · Q.· ·Mr. Kwok, you have not shared that | |
| | 11· ·information with the trustee, correct? | |
| | 12· · · · A.· ·The Fifth. | |
| | 13· · · · · · ·MR. ROMNEY:· Could the Interpreter ask the | |
| | 14· · · · witness if he needs a break. | |
| 15· ·BY MR. LUFT: | | |
| | 16· · · · Q.· ·Mr. Kwok, you know how to get in touch | |
| | 17· ·with Mr. Krasner, correct? | |
| | 18· · · · · · ·MR. ROMNEY:· Avi, could you not hear what | |
| | 19· · · · I just placed on the record. | |
| | 20· · · · · · ·MR. LUFT:· I did not hear you, Aaron. | |
| 21· · · · Sorry. | | |
| | 22· · · · · · ·MR. ROMNEY:· Oh, I'm sorry.· I had asked | |
| | 23· · · · if the Interpreter could ask the witness if he | |
| | 24· · · · needs a break. | |
| | 25· · · · · · ·THE INTERPRETER:· Oh, okay. | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 36 |
|----------------------------------------------------------|---------|
| ·2· · · · · · ·(Complies.) | |
| ·3· · · · · · ·THE WITNESS:· Yes.· It's quite tiring. I | |
| ·4· · · · need a break. | |
| ·5· · · · · · ·MR. LUFT:· Okay.· Aaron, I have like two | |
| ·6· · · · more questions just to finish this.· Could we | |
| ·7· · · · just do that, and then we'll take a break? | |
| ·8· · · · · · ·THE WITNESS:· Okay. | |
| ·9· ·BY MR. LUFT: | |
| 10· · · · Q.· ·Mr. Kwok, you know the contact | |
| 11· ·information, including address and phone number, of | |
| 12· ·Mr. Krasner currently, correct? | |
| 13· · · · A.· ·The Fifth. | |
| 14· · · · Q.· ·Mr. Kwok, you have not shared this | |
| 15· ·information with the trustee, correct? | |
| 16· · · · A.· ·The Fifth. | |
| 17· · · · · · ·MR. LUFT:· Aaron, if you want to take a | |
| 18· · · · break now, that's fine.· How long would you | |
| 19· · · · like? | |
| 20· · · · · · ·MR. ROMNEY:· How long do you want?· Five, | |
| 21· · · · ten minutes? | |
| 22· · · · · · ·THE WITNESS:· Ten minutes. | |
| 23· · · · · · ·MR. ROMNEY:· Ten minutes? | |
| 24· · · · · · ·MR. LUFT:· Sure. | |
| 25· · · · · · ·THE VIDEOGRAPHER:· We're going off the | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 37 |
|---------------------|-----------------------------------------------------------|---------|
| | ·2· · · · record at 11:47 a.m. | |
| | ·3· · · · · · ·(Recess.) | |
| | ·4· · · · · · ·THE VIDEOGRAPHER:· We're back on the | |
| | ·5· · · · record at 12:05 p.m. | |
| ·6· ·BY MR. LUFT: | | |
| | ·7· · · · Q.· ·Mr. Kwok, you have ultimate authority with | |
| | ·8· ·respect to the movements of the Lady May, correct? | |
| | ·9· · · · A.· ·The Fifth. | |
| | 10· · · · Q.· ·Mr. Kwok, you have ultimate control over | |
| | 11· ·where the crew of the Lady May sails the yacht, | |
| 12· ·correct? | | |
| | 13· · · · A.· ·The Fifth. | |
| | 14· · · · Q.· ·Mr. Kwok, you gave instructions for the | |
| | 15· ·Lady May to be sailed from New York to Florida in | |
| 16· ·2020, correct? | | |
| | 17· · · · A.· ·The Fifth. | |
| | 18· · · · Q.· ·Mr. Kwok, the Lady May was sailed from | |
| | 19· ·New York to Florida in the fall of 2020 because you | |
| | 20· ·directed that it be done so, correct? | |
| | 21· · · · A.· ·The Fifth. | |
| | 22· · · · Q.· ·Mr. Kwok, you gave instructions for the | |
| | 23· ·Lady May to be sailed from Florida to the Bahamas in | |
| | 24· ·the fall of 2020, correct? | |
| | 25· · · · A.· ·The Fifth. | |
| | | |
| | | Page 38 |
|------------------------------|-----------------------------------------------------------|---------|
| | ·1· · · · · · · · · · · · ·H. Kwok | |
| | ·2· · · · Q.· ·Mr. Kwok, the Lady May was sailed from | |
| | ·3· ·Florida to the Bahamas in the fall of 2020 because | |
| | ·4· ·you instructed the crew for it to do so, correct? | |
| | ·5· · · · A.· ·The Fifth. | |
| | ·6· · · · Q.· ·Mr. Kwok, you instructed the Lady May to | |
| | ·7· ·be sailed to Europe in 2021, correct? | |
| | ·8· · · · A.· ·The Fifth. | |
| | ·9· · · · Q.· ·Mr. Kwok, the reason the Lady May was | |
| | 10· ·sailed to Europe in 2021 was because you gave | |
| | 11· ·instructions for that to happen, correct? | |
| | 12· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | 13· · · · A.· ·The Fifth. | |
| | 14· ·BY MR. LUFT: | |
| | 15· · · · Q.· ·Mr. Kwok, you gave directions for the | |
| | 16· ·Lady May to be sailed to Europe to keep the Lady May | |
| | 17· ·out of the hands of your creditors, correct? | |
| | 18· · · · A.· ·The Fifth. | |
| | 19· · · · Q.· ·Mr. Kwok, the Lady May remained in Europe | |
| | 20· ·until you authorized it to return to the | |
| 21· ·United States, correct? | | |
| | 22· · · · A.· ·The Fifth. | |
| | 23· · · · Q.· ·Mr. Kwok, you're the only person who had | |
| | 24· ·the authority to order the Lady May to return to the | |
| | 25· ·United States, correct? | |
| | | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 39 | |
|------------------------------------------------------------------------------|---------|--|
| ·2· · · · A.· ·The Fifth. | | |
| ·3· · · · Q.· ·Mr. Kwok, when you directed the Lady May | | |
| ·4· ·to sail to Europe in 2021, you and your daughter, | | |
| ·5· ·Mei Guo, were aware that doing so would violate | | |
| | | |
| ·6· ·Ostrager's order and cause you to incur contempt
·7· ·fees, correct? | | |
| ·8· · · · · · ·MR. ROMNEY:· Object to the form. | | |
| ·9· · · · A.· ·The Fifth. | | |
| 10· ·BY MR. LUFT: | | |
| | | |
| 11· · · · Q.· ·Mr. Kwok, the Lady May was returned to | | |
| 12· ·Connecticut waters in 2022 only because you directed | | |
| 13· ·that to happen, correct? | | |
| 14· · · · A.· ·The Fifth. | | |
| 15· · · · Q.· ·Mr. Kwok, you're familiar with an | | |
| 16· ·individual named William Je? | | |
| 17· · · · A.· ·The Fifth. | | |
| 18· · · · Q.· ·Mr. Kwok, William Je is a close family | | |
| 19· ·friend, correct? | | |
| 20· · · · A.· ·The Fifth. | | |
| 21· · · · Q.· ·Mr. Kwok, Mr. Je is referred to by your | | |
| 22· ·daughter as "Uncle William," correct? | | |
| 23· · · · A.· ·The Fifth. | | |
| 24· · · · Q.· ·Mr. Kwok, Mr. Je acts as an agent, | | |
| 25· ·correct? | | |
| | | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 40 |
|--|-----------------------------------------------------------|---------|
| | ·2· · · · A.· ·The Fifth. | |
| | ·3· · · · Q.· ·Mr. Kwok, Mr. Je is currently acting as | |
| | ·4· ·your agent in your business dealings, correct? | |
| | ·5· · · · A.· ·The Fifth. | |
| | ·6· · · · Q.· ·Mr. Kwok, in April of 2022, Mr. Je -- any | |
| | ·7· ·actions Mr. Je took in relation to the Lady May were | |
| | ·8· ·as your agent, correct? | |
| | ·9· · · · A.· ·The Fifth. | |
| | 10· · · · Q.· ·Mr. Kwok, any actions Mr. Je takes in | |
| | 11· ·connection with business dealings are taken at your | |
| | 12· ·direction, correct? | |
| | 13· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | 14· · · · A.· ·The Fifth. | |
| | 15· ·BY MR. LUFT: | |
| | 16· · · · Q.· ·Mr. Kwok, with regard to any business | |
| | 17· ·dealings involving you and Mr. Je, Mr. Je is under | |
| | 18· ·your control, correct? | |
| | 19· · · · A.· ·The Fifth. | |
| | 20· · · · Q.· ·Mr. Kwok, Mr. Je acts at your direction to | |
| | 21· ·generate funds for you through the use of the | |
| | 22· ·Himalaya Farms, correct? | |
| | 23· · · · A.· ·The Fifth. | |
| | 24· · · · Q.· ·Mr. Kwok, any assets purportedly under the | |
| | 25· ·control of William Je are actually assets under your | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 41 |
|---------------------------------------------------------|---------|
| ·2· ·control, correct? | |
| ·3· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·4· · · · A.· ·The Fifth. | |
| ·5· ·BY MR. LUFT: | |
| ·6· · · · Q.· ·Mr. Kwok, any entities purportedly under | |
| ·7· ·the control of William Je are actually entities | |
| ·8· ·under your control, correct? | |
| ·9· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 10· · · · A.· ·The Fifth. | |
| 11· ·BY MR. LUFT: | |
| 12· · · · Q.· ·Mr. Kwok, the loan agreement dated | |
| 13· ·April 19, 2022, between Himalaya International | |
| 14· ·Financial Group Limited as lender and HK USA as | |
| 15· ·borrower was arranged at your request, correct? | |
| 16· · · · A.· ·The Fifth. | |
| 17· · · · Q.· ·Mr. Kwok, you control Himalaya | |
| 18· ·International Financial Group Limited, correct? | |
| 19· · · · · · ·THE WITNESS:· I want to speak with my | |
| 20· · · · attorney now. | |
| 21· · · · · · ·MR. LUFT:· Okay. | |
| 22· · · · · · ·MR. ROMNEY:· Take five. | |
| 23· · · · · · ·MR. LUFT:· Okay. | |
| 24· · · · · · ·THE VIDEOGRAPHER:· We're going off the | |
| 25· · · · record at 12:17 p.m. | |
| | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 42 |
|------------------------------------------------------------|---------|
| ·2· · · · · · ·(Recess.) | |
| ·3· · · · · · ·THE VIDEOGRAPHER:· We're back on the | |
| ·4· · · · record at 12:24 p.m. | |
| ·5· ·BY MR. LUFT: | |
| ·6· · · · Q.· ·Mr. Kwok, you are the beneficial owner of | |
| ·7· ·Himalaya International Financial Group Limited, | |
| ·8· ·correct? | |
| ·9· · · · A.· ·The Fifth. | |
| 10· · · · Q.· ·Mr. Kwok, all assets of Himalaya | |
| 11· ·International Financial Group Limited are under your | |
| 12· ·control, correct? | |
| 13· · · · A.· ·The Fifth. | |
| 14· · · · Q.· ·Mr. Kwok, the \$37 million of funds | |
| 15· ·Himalaya International Financial Group loaned to | |
| 16· ·HK USA were funds that you owned and controlled, | |
| 17· ·correct? | |
| 18· · · · A.· ·The Fifth. | |
| 19· · · · Q.· ·Mr. Kwok, you control the \$37 million that | |
| 20· ·was put in escrow by HK USA in connection with this | |
| 21· ·Chapter 11 case, correct? | |
| 22· · · · A.· ·The Fifth. | |
| 23· · · · Q.· ·Mr. Kwok, any repayment by HK USA of the | |
| 24· ·principal \$37 million on account of the purported | |
| 25· ·\$37 million loan from Himalaya International | |
| | |
of 105
| Page 43 | |
|---------|--|
YVer1f
| ·1· · · · · · · · · · · · ·H. Kwok |
|-----------------------------------------------------------|
| ·2· ·Financial Group Limited will be made to entities |
| ·3· ·that you control, correct? |
| ·4· · · · · · ·MR. ROMNEY:· Object to the form. |
| ·5· · · · A.· ·The Fifth. |
| ·6· ·BY MR. LUFT: |
| ·7· · · · Q.· ·Mr. Kwok, any payment of interest by |
| ·8· ·HK USA on account of the purported \$37 million loan |
| ·9· ·from Himalaya International Financial Group Limited |
| 10· ·will be paid to an entity that you control, correct? |
| 11· · · · · · ·MR. ROMNEY:· Object to the form. |
| 12· · · · A.· ·The Fifth. |
| 13· ·BY MR. LUFT: |
| 14· · · · Q.· ·Mr. Kwok, at the February 7, 2022, |
| 15· ·evidentiary hearing before Justice Ostrager of the |
| 16· ·Supreme Court of the State of New York, your |
| 17· ·interest was for the Court to find HK USA to be the |
| 18· ·beneficial owner and to have control of the |
| 19· ·Lady May, correct? |
| 20· · · · · · ·MR. ROMNEY:· Object to the question. |
| 21· · · · · · ·THE INTERPRETER:· I didn't catch.· Someone |
| 22· · · · mentioned something after the question. |
| 23· · · · · · ·MR. ROMNEY:· Could we have the question |
| 24· · · · read back. |
| 25· · · · · · ·MR. LUFT:· Could we get it translated, and |
of 105
| ·1· · · · · · · · · · · · ·H. Kwok | Page 44 |
|-----------------------------------------------------------|---------|
| ·2· · · · then it can be read back. | |
| ·3· · · · · · ·THE INTERPRETER:· (Complies.) | |
| ·4· · · · · · ·MR. ROMNEY:· Could we hear the question | |
| ·5· · · · read back before? | |
| ·6· · · · · · ·(The last question was read back by the | |
| ·7· · · · Reporter.) | |
| ·8· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·9· · · · A.· ·The Fifth. | |
| 10· ·BY MR. LUFT: | |
| 11· · · · Q.· ·Mr. Kwok, counsel for HK USA and Mei Guo | |
| 12· ·appeared at the February 7, 2022, evidentiary | |
| 13· ·hearing, correct? | |
| 14· · · · A.· ·The Fifth. | |
| 15· · · · Q.· ·Mr. Kwok, counsel for HK USA and Mei Guo | |
| 16· ·helped present your defense at the February 7, 2022, | |
| 17· ·hearing, correct? | |
| 18· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 19· · · · A.· ·The Fifth. | |
| 20· ·BY MR. LUFT: | |
| 21· · · · Q.· ·Mr. Kwok, counsel for HK USA and Mei Guo | |
| 22· ·worked with your counsel at the February 7, 2022, | |
| 23· ·hearing to prepare for and present your case, | |
| 24· ·correct? | |
| 25· · · · · · ·MR. ROMNEY:· Object to the form. | |
TSG Reporting - Worldwide Worldwide· · 877-702-9580
| ·1· · · · · · · · · · · · ·H. Kwok | Page 45 |
|-----------------------------------------------------------|---------|
| ·2· · · · A.· ·The Fifth. | |
| ·3· ·BY MR. LUFT: | |
| ·4· · · · Q.· ·Mr. Kwok, you directed your counsel for | |
| ·5· ·the February 7, 2022, evidentiary hearing to enter | |
| ·6· ·into a common interest agreement with HK USA and | |
| ·7· ·Mei Guo in connection with that hearing, correct? | |
| ·8· · · · · · ·MR. ROMNEY:· I'm going to direct the | |
| ·9· · · · witness not to answer based on the | |
| 10· · · · attorney-client privilege. | |
| 11· · · · · · ·MR. LUFT:· Mr. Romney, you know that is | |
| 12· · · · pre-petition, and thus, any common interest | |
| 13· · · · belongs to the trustee, correct? | |
| 14· · · · · · ·MR. ROMNEY:· Can the reporter read the | |
| 15· · · · question, please -- read back the question. | |
| 16· · · · · · ·(The last question was read back by the | |
| 17· · · · Reporter.) | |
| 18· · · · · · ·MR. ROMNEY:· You can answer. | |
| 19· · · · A.· ·The Fifth. | |
| 20· ·BY MR. LUFT: | |
| 21· · · · Q.· ·Mr. Kwok, HK USA and Mei Guo shared | |
| 22· ·identical interests to you in the court finding | |
| 23· ·HK USA was the beneficial owner and had control over | |
| 24· ·the Lady May for the February 7, 2022, evidentiary | |
| 25· ·hearing before Justice Ostrager, correct? | |
| of 105 | |
|----------------------------------------------------------|---------|
| ·1· · · · · · · · · · · · ·H. Kwok | Page 46 |
| ·2· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·3· · · · A.· ·The Fifth. | |
| ·4· ·BY MR. LUFT: | |
| ·5· · · · Q.· ·Mr. Kwok, schedules you had filed in | |
| ·6· ·connection with your Chapter 11 filing should have | |
| ·7· ·included your beneficial ownership of the Lady May | |
| ·8· ·as an asset of your estate, correct? | |
| ·9· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 10· · · · A.· ·The Fifth. | |
| 11· ·BY MR. LUFT: | |
| 12· · · · Q.· ·Mr. Kwok, the schedules you filed in | |
| 13· ·connection with the Chapter 11 filing should have | |
| 14· ·included your beneficial ownership of HK USA as an | |
| 15· ·asset of the estate, correct? | |
| 16· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 17· · · · A.· ·The Fifth. | |
| 18· ·BY MR. LUFT: | |
| 19· · · · Q.· ·Mr. Kwok, any assets of Golden Spring and | |
| 20· ·Lamp Capital that have been used to pay the | |
| 21· ·Lady May's expenses, including any legal fees | |
| 22· ·related to it, should have been declared as assets | |
| 23· ·of the estate on your schedules for your Chapter 11 | |
| 24· ·filing, correct? | |
| 25· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | | ·1· · · · · · · · · · · · ·H. Kwok | Page 47 |
|----|----------------------------------------------------------|-----------------------------------------------------------|---------|
| | | ·2· · · · A.· ·The Fifth. | |
| | | ·3· ·BY MR. LUFT: | |
| | | ·4· · · · Q.· ·Mr. Kwok, all assets held by Golden Spring | |
| | ·5· ·are really assets of your estate, correct? | | |
| | | ·6· · · · A.· ·The Fifth. | |
| | | ·7· · · · Q.· ·Mr. Kwok, all assets held by Lamp Capital | |
| | ·8· ·are really assets of your estate, correct? | | |
| | | ·9· · · · A.· ·The Fifth. | |
| | | 10· · · · Q.· ·Mr. Kwok, all assets held in the name of | |
| | 11· ·your son Mileson Kwok are really assets of your | | |
| | 12· ·estate, correct? | | |
| | | 13· · · · A.· ·The Fifth. | |
| | | 14· · · · Q.· ·Mr. Kwok, all assets held in the name of | |
| | 15· ·your daughter Mei Guo are really assets of your | | |
| | 16· ·estate, correct? | | |
| | | 17· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | | 18· · · · A.· ·The Fifth. | |
| | | 19· ·BY MR. LUFT: | |
| | | 20· · · · Q.· ·Mr. Kwok, all assets held in the name of | |
| | 21· ·your wife Hing Chi Ngok are actually assets of your | | |
| | 22· ·estate, correct? | | |
| | | 23· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | | 24· · · · A.· ·The Fifth. | |
| 25 | | | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 48 |
|-----------------------------------------------------------|---------|
| ·2· ·BY MR. LUFT: | |
| ·3· · · · Q.· ·Mr. Kwok, you have directed that numerous | |
| ·4· ·offshore companies, whether located in the BVI, Hong | |
| ·5· ·Kong, and elsewhere, be set up for purposes of | |
| ·6· ·holding your assets, correct? | |
| ·7· · · · A.· ·The Fifth. | |
| ·8· · · · Q.· ·Mr. Kwok, you have had these offshore | |
| ·9· ·companies set up in the name of your children, your | |
| 10· ·wife, and your business associates, correct? | |
| 11· · · · A.· ·The Fifth. | |
| 12· · · · Q.· ·Mr. Kwok, regardless of whether any of | |
| 13· ·these entities are listed in the name of your wife, | |
| 14· ·your daughter, your son, Ms. Wang, Mr. Krasner, or | |
| 15· ·any of your other business associates, in fact, you | |
| 16· ·own and control each of these offshore entities, | |
| 17· ·correct? | |
| 18· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 19· · · · A.· ·The Fifth. | |
| 20· ·BY MR. LUFT: | |
| 21· · · · Q.· ·Mr. Kwok, the reason you had these | |
| 22· ·offshore entities set up was to obscure your | |
| 23· ·ownership of the assets that they held, correct? | |
| 24· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 25· · · · A.· ·The Fifth. | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 49 | |
|-----------------------------------------------------------|---------|--|
| ·2· ·BY MR. LUFT: | | |
| ·3· · · · Q.· ·Mr. Kwok, the reason you had these | | |
| ·4· ·offshore entities set up and placed assets in them | | |
| ·5· ·is to attempt to hide your assets from your | | |
| ·6· ·creditors, correct? | | |
| ·7· · · · A.· ·The Fifth. | | |
| ·8· · · · Q.· ·Mr. Kwok, all entities for which your | | |
| ·9· ·daughter Mei Guo is a member, director, or principal | | |
| 10· ·are actually beneficially owned and controlled by | | |
| 11· ·you, correct? | | |
| 12· · · · · · ·MR. ROMNEY:· Object to form. | | |
| 13· · · · A.· ·The Fifth. | | |
| 14· ·BY MR. LUFT: | | |
| 15· · · · Q.· ·Mr. Kwok, HK USA, HK International, | | |
| 16· ·Eastern Profit Corporation Limited, Whitecroft Shore | | |
| 17· ·Limited, Anton Development Limited, Anton | | |
| 18· ·Development USA Limited LLC, GM27 LLC, Loss Draft | | |
| 19· ·LLC, Gypsy May Productions LLC, Gypsy May Food | | |
| 20· ·Service LLC, Hudson Diamond Holdings LLC, Hudson | | |
| 21· ·Diamond New York LLC, Allied Capital Global Limited, | | |
| 22· ·Creative Apex Investment Limited, Crystal Breeze | | |
| 23· ·Investments Limited, Elite Well Global Limited, | | |
| 24· ·Globalist International Limited, Infinite Increased | | |
| 25· ·Limited, Infinium Developments Limited, Noble Fame | | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 50 |
|-----------------------------------------------------------|---------|
| ·2· ·Global Limited, Rosy Acme Ventures Limited, Leading | |
| ·3· ·Shine New York Limited, and Leading Shine Limited | |
| ·4· ·are all assets held in the name of your daughter but | |
| ·5· ·that you actually own and control, correct? | |
| ·6· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·7· · · · A.· ·The Fifth. | |
| ·8· ·BY MR. LUFT: | |
| ·9· · · · Q.· ·Mr. Kwok, all assets held in the name of | |
| 10· ·Mei Guo were purchased with funds exclusively owned | |
| 11· ·and controlled by you, correct? | |
| 12· · · · · · ·MR. ROMNEY:· Could the reporter read that | |
| 13· · · · back before the witness answers. | |
| 14· · · · · · ·(The last question was read back by the | |
| 15· · · · Reporter.) | |
| 16· · · · A.· ·The Fifth. | |
| 17· ·BY MR. LUFT: | |
| 18· · · · Q.· ·Mr. Kwok, all assets held in the name of | |
| 19· ·Mei Guo are exclusively owned and controlled by you, | |
| 20· ·correct? | |
| 21· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 22· · · · A.· ·The Fifth. | |
| 23· ·BY MR. LUFT: | |
| 24· · · · Q.· ·Mr. Kwok, between 2015 and today, no funds | |
| 25· ·used to pay any expenses related to you, including | |
of 105
| Page 51 | |
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YVer1f
| | ·1· · · · · · · · · · · · ·H. Kwok | |
|----|-----------------------------------------------------------|--|
| | ·2· ·but not limited to living costs and legal expenses, | |
| | ·3· ·were provided by Mei Guo and any entity she owns or | |
| | ·4· ·controls? | |
| | ·5· · · · · · ·MR. ROMNEY:· I apologize.· Could we have | |
| | ·6· · · · that one read back as well.· I'm sorry. | |
| | ·7· · · · · · ·(The last question was read back by the | |
| | ·8· · · · Reporter.) | |
| | ·9· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | 10· · · · A.· ·The Fifth. | |
| | 11· ·BY MR. LUFT: | |
| | 12· · · · Q.· ·Mr. Kwok, between 2015 and today, no funds | |
| | 13· ·used to pay any expenses related to you, including | |
| | 14· ·but not limited to living costs and legal expenses, | |
| | 15· ·were provided by any family members of yours | |
| | 16· ·residing in China, correct? | |
| | 17· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | 18· · · · A.· ·The Fifth. | |
| | 19· ·BY MR. LUFT: | |
| | 20· · · · Q.· ·Mr. Kwok, Mei Guo has no source of income | |
| | 21· ·other than from entities that you own and control, | |
| | 22· ·correct? | |
| | 23· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | 24· · · · A.· ·The Fifth. | |
| 25 | | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 52 |
|-----------------------------------------------------------|---------|
| ·2· ·BY MR. LUFT: | |
| ·3· · · · Q.· ·Mr. Kwok, any funds Mei Guo receives from | |
| ·4· ·any entity you own and control are gifts from you to | |
| ·5· ·her, correct? | |
| ·6· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·7· · · · A.· ·The Fifth. | |
| ·8· ·BY MR. LUFT: | |
| ·9· · · · Q.· ·Mr. Kwok, any funds that Mei Guo and any | |
| 10· ·entities in her name received from any entity you | |
| 11· ·own and control remain funds under your control even | |
| 12· ·after being transferred to Ms. Guo, correct? | |
| 13· · · · A.· ·The Fifth. | |
| 14· · · · Q.· ·Mr. Kwok, Mei Guo has never been the CEO | |
| 15· ·of Pangu Plaza, correct? | |
| 16· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 17· · · · A.· ·The Fifth. | |
| 18· ·BY MR. LUFT: | |
| 19· · · · Q.· ·Mr. Kwok, Mileson Kwok has no source of | |
| 20· ·income other from entities -- other than from | |
| 21· ·entities that you own and control, correct? | |
| 22· · · · A.· ·The Fifth. | |
| 23· · · · Q.· ·Mr. Kwok, any funds that Mileson Kwok and | |
| 24· ·any entities in his name received from any entity | |
| 25· ·you own and control remain funds under your control | |
| | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 53 |
|-----------------------------------------------------------|---------|
| | |
| ·2· ·even after being transferred to Mileson Kwok, | |
| ·3· ·correct? | |
| ·4· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·5· · · · A.· ·The Fifth. | |
| ·6· ·BY MR. LUFT: | |
| ·7· · · · Q.· ·Mr. Kwok, any funds Mileson Kwok receives | |
| ·8· ·from any entity you own and control are gifts from | |
| ·9· ·you, correct? | |
| 10· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 11· · · · A.· ·The Fifth. | |
| 12· ·BY MR. LUFT: | |
| 13· · · · Q.· ·Mr. Kwok, between 2015 and today, no funds | |
| 14· ·used to pay any expenses related to you, including | |
| 15· ·but not limited to living costs and legal expenses, | |
| 16· ·were provided by Mileson Kwok and any entity he owns | |
| 17· ·and controls? | |
| 18· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 19· · · · A.· ·The Fifth. | |
| 20· ·BY MR. LUFT: | |
| 21· · · · Q.· ·Mr. Kwok, all entities for which your son | |
| 22· ·Mileson Kwok is named as a member, director or | |
| 23· ·principal are actually beneficially owned and | |
| 24· ·controlled by you, correct? | |
| 25· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 54 |
|-----------------------------------------------------------|---------|
| ·2· · · · A.· ·The Fifth. | |
| ·3· ·BY MR. LUFT: | |
| ·4· · · · Q.· ·Mr. Kwok, Golden Spring New York Limited, | |
| ·5· ·Lamp Capital LLC, Bravo Luck Limited, Infinity | |
| ·6· ·Treasury Management, Inc., Saraca Media Group, Inc., | |
| ·7· ·K Legacy Limited, Well Origin Limited, ACA Hong Kong | |
| ·8· ·Investment Holdings Group Limited, and | |
| ·9· ·Powerwell Flowable Limited are all entities held in | |
| 10· ·the name of your son Miles Kwok, but, in fact, are | |
| 11· ·owned and controlled by you, correct? | |
| 12· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 13· · · · A.· ·The Fifth. | |
| 14· ·BY MR. LUFT: | |
| 15· · · · Q.· ·Mr. Kwok, the entity known as Kingdom Rich | |
| 16· ·Limited is owned and controlled by you, not your | |
| 17· ·son, correct? | |
| 18· · · · A.· ·The Fifth. | |
| 19· · · · Q.· ·Mr. Kwok, all assets held in the name of | |
| 20· ·your son Mileson Kwok were purchased with funds | |
| 21· ·owned and controlled by you, correct? | |
| 22· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 23· · · · A.· ·The Fifth. | |
| 24· ·BY MR. LUFT: | |
| 25· · · · Q.· ·Mr. Kwok, all assets held in the name of | |
| | |
of 105
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| ·1· · · · · · · · · · · · ·H. Kwok | |
|-----------------------------------------------------------|--|
| ·2· ·your son Mileson Kwok are, in fact, owned and | |
| ·3· ·controlled by you, correct? | |
| ·4· · · · · · ·MR. ROMNEY:· Object to form. | |
| ·5· · · · A.· ·The Fifth. | |
| ·6· ·BY MR. LUFT: | |
| ·7· · · · Q.· ·Mr. Kwok, this includes the residence at | |
| ·8· ·5 Princess Gate, London, correct? | |
| ·9· · · · A.· ·The Fifth. | |
| 10· · · · Q.· ·Mr. Kwok, you own and control your son | |
| 11· ·Mileson Kwok's collection of cars, correct? | |
| 12· · · · A.· ·The Fifth. | |
| 13· · · · · · ·MR. ROMNEY:· Avi, we're getting pretty far | |
| 14· · · · afield of the issues in this adversary | |
| 15· · · · proceeding.· I've been giving quite a bit of | |
| 16· · · · leeway, but I am going to have to start | |
| 17· · · · directing the witness not to answer, and we'll | |
| 18· · · · move for a protective order if we have to. | |
| 19· · · · · · ·I don't believe there's any allegations | |
| 20· · · · concerning cars in the counterclaims that we're | |
| 21· · · · here discussing today. | |
| 22· · · · · · ·MR. LUFT:· I disagree, I think.· But I | |
| 23· · · · have a couple of wrap-up questions right here, | |
| 24· · · · and then I think we'll -- my next set of | |
| 25· · · · questions, I think you'll see -- I don't think | |
| | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 56 |
|-----------------------------------------------------------|---------|
| ·2· · · · there will be any dispute between us as to | |
| ·3· · · · their relevance. | |
| ·4· ·BY MR. LUFT: | |
| ·5· · · · Q.· ·Mr. Kwok, no assets held in the name of | |
| ·6· ·your son Mileson Kwok are owned or controlled by any | |
| ·7· ·of your -- his family members other than you, | |
| ·8· ·correct? | |
| ·9· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 10· · · · A.· ·The Fifth. | |
| 11· ·BY MR. LUFT: | |
| 12· · · · Q.· ·Mr. Kwok, no assets held in the name of | |
| 13· ·your son Mileson Kwok were purchased with funds | |
| 14· ·owned or controlled by any of its family members | |
| 15· ·other than you, correct? | |
| 16· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 17· · · · A.· ·The Fifth. | |
| 18· ·BY MR. LUFT: | |
| 19· · · · Q.· ·Mr. Kwok, on October 3, 2006, you | |
| 20· ·incorporated a Hong Kong entity named Hong Kong | |
| 21· ·International Funds Limited, which we've been | |
| 22· ·referring to as HK International, correct? | |
| 23· · · · A.· ·The Fifth. | |
| 24· · · · Q.· ·Mr. Kwok, at that time, all assets of Hong | |
| 25· ·Kong International belonged to you, correct? | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 57 |
|----------------------------------------------------------|---------|
| ·2· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·3· · · · A.· ·The Fifth. | |
| ·4· ·BY MR. LUFT: | |
| ·5· · · · Q.· ·Mr. Kwok, you were Hong Kong | |
| ·6· ·International's sole shareholder and director up to | |
| ·7· ·and through October 10, 2014, correct? | |
| ·8· · · · A.· ·The Fifth. | |
| ·9· · · · Q.· ·Mr. Kwok, in October 2014, Natasha Qu, | |
| 10· ·also known as Qu Guo Jiao was your financial | |
| 11· ·manager, correct? | |
| 12· · · · A.· ·The Fifth. | |
| 13· · · · Q.· ·And Ms. Qu handled your financial affairs | |
| 14· ·at that time, correct? | |
| 15· · · · A.· ·The Fifth. | |
| 16· · · · Q.· ·Mr. Kwok, at that time Ms. Qu was your | |
| 17· ·employee and acted as your agent on all matters | |
| 18· ·relating to your finances, correct? | |
| 19· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 20· · · · A.· ·The Fifth. | |
| 21· ·BY MR. LUFT: | |
| 22· · · · Q.· ·Mr. Kwok, the Declaration of Trust that | |
| 23· ·was entered into between you and Ms. Qu, which has | |
| 24· ·been marked as Exhibit 1, identified Ms. Qu as the | |
| 25· ·trustee and you as the beneficiary, correct? | |
| | |
| | of 105 | |
|--|--------|--|
| | | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 58 |
|-----------------------------------------------------------|---------|
| ·2· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·3· · · · A.· ·The Fifth. | |
| ·4· ·BY MR. LUFT: | |
| ·5· · · · Q.· ·Mr. Kwok, that Declaration of Trust which | |
| ·6· ·has been marked as Exhibit 1, which I'll refer to as | |
| ·7· ·"HK International Declaration of Trust," was entered | |
| ·8· ·into with Ms. Qu -- sorry -- that was entered into | |
| ·9· ·with Ms. Qu, authorized and requested Ms. Qu to hold | |
| 10· ·your main shares in Hong Kong International, | |
| 11· ·correct? | |
| 12· · · · · · ·MR. LUFT:· I'm going to strike that | |
| 13· · · · question, because I don't think it came across | |
| 14· · · · clearly. | |
| 15· ·BY MR. LUFT: | |
| 16· · · · Q.· ·Mr. Kwok, pursuant to the Hong Kong | |
| 17· ·International Declaration of Trust you entered into | |
| 18· ·with Ms. Qu, you authorized and requested Ms. Qu to | |
| 19· ·hold in your name shares in Hong Kong International, | |
| 20· ·correct? | |
| 21· · · · A.· ·The Fifth. | |
| 22· · · · Q.· ·Mr. Kwok, the Hong Kong International | |
| 23· ·Declaration of Trust that you entered into with | |
| 24· ·Ms. Qu provides that the shares you transferred to | |
| 25· ·Ms. Qu do not belong to Ms. Qu, but to you, as the | |
| Page 59 | |
|---------|--|
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| ·1· · · · · · · · · · · · ·H. Kwok |
|-----------------------------------------------------------|
| ·2· ·beneficiary under the agreement, correct? |
| ·3· · · · · · ·MR. ROMNEY:· Object to the form. |
| ·4· · · · A.· ·The Fifth. |
| ·5· ·BY MR. LUFT: |
| ·6· · · · Q.· ·Mr. Kwok, the HK International Declaration |
| ·7· ·of Trust that you entered into with Ms. Qu provides |
| ·8· ·that Ms. Qu would hold the shares in Hong Kong |
| ·9· ·International that you transferred to her as nominee |
| 10· ·and in trust for you, correct? |
| 11· · · · A.· ·The Fifth. |
| 12· · · · Q.· ·Mr. Kwok, pursuant to the HK International |
| 13· ·Declaration of Trust that you entered into with |
| 14· ·Ms. Qu, Ms. Qu was to exercise the rights in |
| 15· ·connection with the HK International shares that you |
| 16· ·transferred to her solely at your direction, |
| 17· ·correct? |
| 18· · · · · · ·MR. ROMNEY:· Object to the form. |
| 19· · · · A.· ·The Fifth. |
| 20· ·BY MR. LUFT: |
| 21· · · · Q.· ·Mr. Kwok, even after October 10, 2014, you |
| 22· ·continued to beneficially own HK International |
| 23· ·pursuant to the undisclosed HK International |
| 24· ·Declaration of Trust, correct? |
| 25· · · · · · ·MR. ROMNEY:· Object to the form.· Also, |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 60 |
|---------------------------------------------------------|---------|
| ·2· · · · asked and answered. | |
| ·3· · · · · · ·THE WITNESS:· Asked and answered.· Okay. | |
| ·4· · · · A.· ·The Fifth. | |
| ·5· ·BY MR. LUFT: | |
| ·6· · · · Q.· ·Mr. Kwok, after October 10, 2014, you | |
| ·7· ·continued to control HK International, correct? | |
| ·8· · · · · · ·MR. ROMNEY:· Objection.· Asked and | |
| ·9· · · · answered. | |
| 10· · · · A.· ·I'm quite confused.· You're asking the | |
| 11· ·same questions.· Every time, the same questions | |
| 12· ·again and again. | |
| 13· ·BY MR. LUFT: | |
| 14· · · · Q.· ·Mr. Kwok, I don't believe I am.· Your | |
| 15· ·counsel is free to raise an asked-and-answered | |
| 16· ·objection, even though it is not an appropriate | |
| 17· ·objection at a deposition.· With that said, he's | |
| 18· ·free to raise it, but I still will need you to | |
| 19· ·answer the question. | |
| 20· · · · A.· ·The Fifth. | |
| 21· · · · Q.· ·Mr. Kwok, on February 23, 2015, | |
| 22· ·HK International purchased the Lady May for | |
| 23· ·EUR 28 million from Apsley Yacht Limited at your | |
| 24· ·direction, correct? | |
| 25· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 61 |
|-----------------------------------------------------------|---------|
| ·2· · · · A.· ·The Fifth. | |
| ·3· ·BY MR. LUFT: | |
| ·4· · · · Q.· ·Mr. Kwok, in February 2015, you | |
| ·5· ·exclusively beneficially owned and controlled | |
| ·6· ·Bravo Luck Limited, correct? | |
| ·7· · · · · · ·MR. ROMNEY:· Objection. | |
| ·8· · · · A.· ·The Fifth. | |
| ·9· ·BY MR. LUFT: | |
| 10· · · · Q.· ·Mr. Kwok, today you still beneficially own | |
| 11· ·and control Bravo Luck Limited, correct? | |
| 12· · · · A.· ·The Fifth. | |
| 13· · · · Q.· ·Mr. Kwok, on February 23, 2015, Bravo Luck | |
| 14· ·Limited transferred, at your direction, funds from a | |
| 15· ·Bravo Luck bank account at UBS that you exclusively | |
| 16· ·control, correct? | |
| 17· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 18· · · · A.· ·The Fifth. | |
| 19· · · · · · ·MR. LUFT:· I'm going to ask that the court | |
| 20· · · · reporter mark as Kwok PJR Deposition Exhibit 2, | |
| 21· · · · document bearing the Bates stamp UBS00137 | |
| 22· · · · through 156. | |
| 23· · · · · · ·Will, that's tab 190, if you could put it | |
| 24· · · · up. | |
| 25· · · · · · ·(Kwok PJR Exhibit 2 was received and | |
| | of 105 |
|--|--------|
| | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 62 |
|----------------------------------------------------------|---------|
| ·2· · · · marked for identification, as of this date.) | |
| ·3· ·BY MR. LUFT: | |
| ·4· · · · Q.· ·Mr. Kwok, do you recognize this document? | |
| ·5· · · · · · ·MR. ROMNEY:· Could you make that larger? | |
| ·6· · · · A.· ·The Fifth. | |
| ·7· ·BY MR. LUFT: | |
| ·8· · · · Q.· ·Mr. Kwok, this is a 2015 UBS bank | |
| ·9· ·statement for Bravo Luck showing funds that you | |
| 10· ·beneficially owned and controlled in that account, | |
| 11· ·correct? | |
| 12· · · · A.· ·The Fifth. | |
| 13· · · · Q.· ·Mr. Kwok, the funds held by -- in that | |
| 14· ·Bravo Luck account on your behalf at UBS came from | |
| 15· ·Eastern Profit Corporation in the amount of | |
| 16· ·370 million and Hong Kong International in the | |
| 17· ·amount of 150 million, both entities that you owned | |
| 18· ·and controlled, correct? | |
| 19· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 20· · · · A.· ·The Fifth. | |
| 21· · · · · · ·MR. LUFT:· I'll ask the court reporter to | |
| 22· · · · mark, as Kwok PJR Deposition Exhibit 3, a | |
| 23· · · · document Bates-stamped UBS02746. | |
| 24· · · · · · ·(Kwok PJR Exhibit 3 was received and | |
| 25· · · · marked for identification, as of this date.) | |
| | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 63 |
|-----------------------------------------------------------|---------|
| ·2· ·BY MR. LUFT: | |
| ·3· · · · Q.· ·This shows the UBS wire transfer of | |
| ·4· ·25 million for purposes of purchasing the Lady May? | |
| ·5· · · · · · ·MR. ROMNEY:· Is that a question?· I didn't | |
| ·6· · · · know if you were talking. | |
| ·7· · · · · · ·MR. LUFT:· I'm just setting it up.· I will | |
| ·8· · · · ask him a question once he can see it, Aaron. | |
| ·9· · · · · · ·MR. ROMNEY:· Yeah, yeah.· That's -- I just | |
| 10· · · · wanted clarification.· Thank you. | |
| 11· · · · · · ·MR. LUFT:· Fine.· I didn't want to ask him | |
| 12· · · · the question before he could see the document. | |
| 13· · · · · · ·MR. ROMNEY:· Yep. | |
| 14· · · · · · ·Could you make that a bit bigger, please. | |
| 15· · · · · · ·Thank you. | |
| 16· ·BY MR. LUFT: | |
| 17· · · · Q.· ·Mr. Kwok, first of all, if we scroll down, | |
| 18· ·do you recognize the signature on the document? | |
| 19· · · · A.· ·The Fifth. | |
| 20· · · · Q.· ·Mr. Kwok, that's your signature, correct? | |
| 21· · · · A.· ·The Fifth. | |
| 22· · · · Q.· ·Mr. Kwok, this is a UBS wire transfer | |
| 23· ·document showing the transfer of \$25 million of | |
| 24· ·funds from the UBS bank account we just saw a | |
| 25· ·statement for in Exhibit 2 that were used for | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 64 |
|-----------------------------------------------------------|---------|
| ·2· ·purchases of acquiring the Lady May for you, | |
| ·3· ·correct? | |
| ·4· · · · A.· ·The Fifth. | |
| ·5· · · · · · ·MR. ROMNEY:· Avi, has this Exhibit 2 been | |
| ·6· · · · produced to the parties in this adversary | |
| ·7· · · · proceeding? | |
| ·8· · · · · · ·MR. LUFT:· I'll have to get back to you on | |
| ·9· · · · that. | |
| 10· · · · · · ·MR. ROMNEY:· Okay.· Thank you. | |
| 11· ·BY MR. LUFT: | |
| 12· · · · Q.· ·Mr. Kwok, you had exclusive control over | |
| 13· ·the UBS bank account that we have been discussing, | |
| 14· ·correct? | |
| 15· · · · A.· ·The Fifth. | |
| 16· · · · Q.· ·Mr. Kwok, your son Mileson Kwok had no | |
| 17· ·involvement in any transaction relating to | |
| 18· ·HK International's acquisition of the Lady May, | |
| 19· ·correct? | |
| 20· · · · A.· ·The Fifth. | |
| 21· · · · · · ·MR. LUFT:· Aaron, it is 1:22.· Do you guys | |
| 22· · · · want to take a lunch break?· Do you want to | |
| 23· · · · keep going? | |
| 24· · · · · · ·I'm also conscious of the court reporter | |
| 25· · · · and the videographer -- and the translator. | |
| | |
| | ·1· · · · · · · · · · H. Kwok | Page 65 |
|----|---------------------------------------------------|---------|
| | ·2· ·Sorry, Jingyi. | |
| | ·3· · · · MR. ROMNEY:· What's your over/under on | |
| | ·4· ·what you've got left for the day? | |
| | ·5· · · · (A discussion was held off the record.) | |
| | ·6· · · · THE VIDEOGRAPHER:· We're going off the | |
| | ·7· ·record at 1:22 p.m. | |
| | ·8· · · · (At 1:22 p.m. a luncheon recess was | |
| | ·9· ·taken.) | |
| | 10· · · · (At 2:00 p.m. the deposition resumes.) | |
| 11 | | |
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| 16 | | |
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| 18 | | |
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| 20 | | |
| 21 | | |
| 22 | | |
| 23 | | |
| 24 | | |
| 25 | | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 66 |
|----------------------------------------------------------|-----------------------------------------------------------|---------|
| | ·2· ·************************************************ | |
| | ·3· · · · · · A F T E R N O O N· ·S E S S I O N | |
| | ·4· ·************************************************ | |
| | ·5· · · · · · ·THE VIDEOGRAPHER:· We're back on the | |
| ·6· · · · record at 2:00 p.m. | | |
| ·7· ·BY MR. LUFT: | | |
| | ·8· · · · Q.· ·Good afternoon, Mr. Kwok. | |
| | ·9· · · · A.· ·Good afternoon. | |
| | 10· · · · Q.· ·Mr. Kwok, you're familiar with the | |
| 11· ·proposed Chapter 11 plan that was submitted in your | | |
| 12· ·Chapter 11 case, correct? | | |
| | 13· · · · A.· ·The Fifth. | |
| | 14· · · · Q.· ·Mr. Kwok, you're aware that under the plan | |
| 15· ·proposed and put forth by your counsel at | | |
| | 16· ·Brown Rudnick, there was a reference to there being | |
| 17· ·a quote-unquote "boat contribution," correct? | | |
| | 18· · · · A.· ·The Fifth. | |
| | 19· · · · Q.· ·Mr. Kwok, under the plan for the boat | |
| 20· ·contribution, that provided for the Lady May to be | | |
| 21· ·contributed to a creditor trust, correct? | | |
| | 22· · · · A.· ·The Fifth. | |
| | 23· · · · Q.· ·Mr. Kwok, at the time the Chapter 11 plan | |
| | 24· ·was proposed, including the boat contribution, you | |
| | 25· ·were the beneficial owner and controlled the | |
| | | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 67 |
|-----------------------------------------------------------|---------|
| | |
| ·2· ·Lady May, correct? | |
| ·3· · · · A.· ·The Fifth. | |
| ·4· · · · Q.· ·Mr. Kwok, the boat contribution under the | |
| ·5· ·proposed plan was not actually a contribution to be | |
| ·6· ·made by HK USA because your estate already | |
| ·7· ·beneficially owned and controlled the Lady May, | |
| ·8· ·correct? | |
| ·9· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 10· · · · A.· ·The Fifth. | |
| 11· ·BY MR. LUFT: | |
| 12· · · · Q.· ·Mr. Kwok, you're aware that HK USA filed | |
| 13· ·an adversary proceeding against you claiming | |
| 14· ·ownership of the Lady May, correct? | |
| 15· · · · A.· ·The Fifth. | |
| 16· · · · Q.· ·Mr. Kwok, you're aware that that adversary | |
| 17· ·proceeding was filed by HK USA so that the Lady May | |
| 18· ·would be treated as a contribution by HK USA and | |
| 19· ·your daughter Mei Guo for purposes of justifying | |
| 20· ·them receiving a release under the plan, correct? | |
| 21· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 22· · · · A.· ·The Fifth. | |
| 23· ·BY MR. LUFT: | |
| 24· · · · Q.· ·Mr. Kwok, the plan to file the adversary | |
| 25· ·proceeding simultaneous with the boat contribution | |
Case 22-50073 Doc 1604-48 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 69
of 105
| Page 68 | |
|---------|--|
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| ·1· · · · · · · · · · · · ·H. Kwok | |
|-----------------------------------------------------------|--|
| ·2· ·under the plan was a joint plan arrived at by your | |
| ·3· ·counsel as well as counsel for HK USA, correct? | |
| ·4· · · · A.· ·The Fifth. | |
| ·5· · · · Q.· ·Mr. Kwok, you were represented by a man | |
| ·6· ·named Aaron Mitchell for purposes of these | |
| ·7· ·proceedings, correct? | |
| ·8· · · · A.· ·The Fifth. | |
| ·9· · · · Q.· ·Mr. Mitchell was simultaneously serving as | |
| 10· ·counsel to HK USA and Mei Guo, correct? | |
| 11· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 12· · · · A.· ·The Fifth. | |
| 13· ·BY MR. LUFT: | |
| 14· · · · Q.· ·For purposes of representing you for your | |
| 15· ·Chapter 11 proceeding and HK USA and Mei Guo in | |
| 16· ·connection with the Chapter 11 proceeding in the | |
| 17· ·adversary action, you believe there to be no | |
| 18· ·conflict of interest for Mr. Mitchell because you | |
| 19· ·beneficially owned and controlled both your estate | |
| 20· ·and HK USA and the Lady May, correct? | |
| 21· · · · A.· ·The Fifth. | |
| 22· · · · · · ·MR. LUFT:· I'm going to ask that Kwok | |
| 23· · · · PJR Deposition Exhibit 4 -- let me strike that. | |
| 24· · · · · · ·I'm going to ask that ECF299 -- which is | |
| 25· · · · the stipulated order compelling | |
| | |
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| Parie 69 | |
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| | ·1· · · · · · · · · · · · ·H. Kwok | Page 69 |
|----------------------------------------------------------|-----------------------------------------------------------|---------|
| ·2· · · · HK International Funds Investments (USA) | | |
| ·3· · · · Limited, LLC to transport and deliver that | | |
| ·4· · · · Certain Yacht, the "Lady May" -- be marked as | | |
| ·5· · · · Kwok PJR Deposition Exhibit No. 4, and that it | | |
| ·6· · · · be shown to the witness. | | |
| ·7· · · · · · ·(Kwok PJR Exhibit 4 was received and | | |
| ·8· · · · marked for identification, as of this date.) | | |
| ·9· ·BY MR. LUFT: | | |
| | 10· · · · Q.· ·Mr. Kwok, through your counsel, you've | |
| 11· ·agreed to be bound by this order, correct? | | |
| | 12· · · · A.· ·I don't understand the English. | |
| | 13· · · · Q.· ·My question is did you direct your counsel | |
| 14· ·to agree that you'd be bound by this stipulated | | |
| 15· ·order which has been marked as Exhibit 4? | | |
| | 16· · · · A.· ·The Fifth. | |
| | 17· · · · Q.· ·Mr. Kwok, you directed counsel for HK USA | |
| 18· ·to agree to be bound by this agreement, correct? | | |
| | 19· · · · A.· ·The Fifth. | |
| | 20· · · · Q.· ·Mr. Kwok, as the beneficial owner and the | |
| 21· ·person in control of HK USA, you instructed your | | |
| 22· ·daughter to agree to be bound by this agreement, | | |
| 23· ·correct? | | |
| | 24· · · · A.· ·The Fifth. | |
| | 25· · · · Q.· ·Mr. Kwok, you agreed for William Je to | |
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| ·2· ·send \$37 million to be posted as a bond on April 13,
·3· ·2022, correct?
·4· · · · A.· ·The Fifth.
·5· · · · Q.· ·Mr. Kwok, the loan agreement between
·6· ·Mr. Je's -- let me strike that.
·7· · · · · · ·Mr. Kwok, the loan agreement between
·8· ·Himalaya Capital and HK USA, both entities that you
·9· ·own and control, was agreed to on April 19, 2022,
10· ·correct?
11· · · · · · ·MR. ROMNEY:· Object to the form.
12· · · · A.· ·The Fifth.
13· ·BY MR. LUFT:
14· · · · Q.· ·Mr. Kwok, you directed both HK USA and
15· ·Himalaya Capital to enter into the \$37 million loan
16· ·agreement, correct?
17· · · · A.· ·The Fifth.
18· · · · Q.· ·Mr. Kwok, sorry.· I have been referring to
19· ·them as "Himalaya International Capital."· What I
20· ·meant was Himalaya International Financial Group
21· ·Limited.
22· · · · · · ·Does that correction change any of your
23· ·answers?
24· · · · · · ·MR. ROMNEY:· Objection.
25· · · · A.· ·The Fifth. | ·1· · · · · · · · · · · · ·H. Kwok | Page 70 |
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TSG Reporting - Worldwide Worldwide· · 877-702-9580
| ·1· · · · · · · · · · · · ·H. Kwok | Page 71 |
|-----------------------------------------------------------|---------|
| ·2· ·BY MR. LUFT: | |
| ·3· · · · Q.· ·For clarity, Mr. Kwok, you owned and | |
| ·4· ·controlled Himalaya International Financial Group in | |
| ·5· ·April 2022, correct? | |
| ·6· · · · · · ·MR. ROMNEY:· Asked and answered. | |
| ·7· · · · A.· ·The Fifth. | |
| ·8· ·BY MR. LUFT: | |
| ·9· · · · Q.· ·Mr. Kwok, the terms set out in Exhibit 4, | |
| 10· ·which is the stipulated order compelling | |
| 11· ·HK International Funds Investments to transport and | |
| 12· ·deliver the Lady May, were irrelevant to your | |
| 13· ·decision to have Himalaya International Financial | |
| 14· ·Group loan \$37 million to HK USA, correct? | |
| 15· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 16· · · · A.· ·The Fifth. | |
| 17· ·BY MR. LUFT: | |
| 18· · · · Q.· ·Mr. Kwok, you would have had -- sorry. | |
| 19· ·Let me strike that. | |
| 20· · · · · · ·Mr. Kwok, HK USA entered into the | |
| 21· ·\$37 million loan with Himalaya International | |
| 22· ·Financial Group Limited at your direction regardless | |
| 23· ·of any terms that were to be agreed to regarding the | |
| 24· ·stipulated order compelling the return of the | |
| 25· ·Lady May, correct? | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 72 |
|-----------------------------------------------------------|---------|
| ·2· · · · A.· ·The Fifth. | |
| ·3· · · · · · ·MR. ROMNEY:· Could I have that question | |
| ·4· · · · read back? | |
| ·5· · · · · · ·THE WITNESS:· Sorry.· I think I had -- | |
| ·6· · · · perhaps I had something bad for lunch.· I'm | |
| ·7· · · · feeling uncomfortable and I need to use the | |
| ·8· · · · bathroom and it might take a while. | |
| ·9· · · · · · ·MR. LUFT:· Mr. Kwok, that's fine.· Take | |
| 10· · · · care of whatever needs that you have and I will | |
| 11· · · · be here when you get back. | |
| 12· · · · · · ·THE VIDEOGRAPHER:· We're going off the | |
| 13· · · · record at 2:18 p.m. | |
| 14· · · · · · ·(Recess.) | |
| 15· · · · · · ·THE VIDEOGRAPHER:· We're back on the | |
| 16· · · · record at 2:27 p.m. | |
| 17· ·BY MR. LUFT: | |
| 18· · · · Q.· ·Mr. Kwok, prior to Himalaya International | |
| 19· ·Financial Group Limited, the party -- the entity | |
| 20· ·that was going to loan HK USA the \$37 million was | |
| 21· ·ACA Capital Group Limited, correct? | |
| 22· · · · A.· ·The Fifth. | |
| 23· · · · Q.· ·Mr. Kwok, you're the exclusive beneficial | |
| 24· ·owner of ACA Capital Group Limited, correct? | |
| 25· · · · A.· ·The Fifth. | |
| Page 73 | |
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| | ·1· · · · · · · · · · · · ·H. Kwok | |
|--------------------------------------------------------|-----------------------------------------------------------|--|
| | ·2· · · · Q.· ·Mr. Kwok, you have exclusive control over | |
| ·3· ·ACA Capital Group Limited, correct? | | |
| | ·4· · · · A.· ·The Fifth. | |
| | ·5· · · · Q.· ·Mr. Kwok, you're the beneficial owner of | |
| ·6· ·all assets of ACA Capital Group Limited, correct? | | |
| | ·7· · · · A.· ·The Fifth. | |
| | ·8· · · · Q.· ·And Mr. Kwok, you have exclusive control | |
| ·9· ·over the assets of ACA Capital Group Limited, | | |
| 10· ·correct? | | |
| | 11· · · · A.· ·The Fifth. | |
| | 12· · · · Q.· ·Mr. Kwok, you have exclusive control over | |
| 13· ·Saraca Media Group Limited, correct? | | |
| | 14· · · · A.· ·The Fifth. | |
| | 15· · · · Q.· ·Mr. Kwok, you have exclusive beneficial | |
| | 16· ·ownership of Saraca Media Group, correct? | |
| | 17· · · · · · ·Mr. Kwok, you have exclusive beneficial -- | |
| 18· ·you're the exclusive beneficial owner of | | |
| 19· ·Saraca Media Group, correct? | | |
| | 20· · · · A.· ·The Fifth. | |
| | 21· · · · Q.· ·Mr. Kwok, the reason you had \$37 million | |
| 22· ·sent over to post as a bond was so that you could | | |
| 23· ·stay out of jail, correct? | | |
| | 24· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | 25· · · · A.· ·The Fifth. | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 74 | |
|-----------------------------------------------------------|---------|--|
| ·2· ·BY MR. LUFT: | | |
| ·3· · · · Q.· ·Mr. Kwok, because you're motivated by | | |
| ·4· ·staying out of jail, you would have had the | | |
| ·5· ·\$37 million sent over to post as a bond regardless | | |
| ·6· ·of any terms associated with its return or how it | | |
| ·7· ·would be handled once the Lady May arrived, correct? | | |
| ·8· · · · · · ·MR. ROMNEY:· Object to the form. | | |
| ·9· · · · A.· ·The Fifth. | | |
| 10· · · · · · ·MR. LUFT:· Mr. Kwok, I want to show you | | |
| 11· · · · what I'll mark as an exhibit, a video from Vice | | |
| 12· · · · that I'll ask my colleague to play.· It will be | | |
| 13· · · · marked as Exhibit 5. | | |
| 14· · · · · · ·(Kwok PJR Exhibit 5 was received and | | |
| 15· · · · marked for identification, as of this date.) | | |
| 16· · · · · · ·THE WITNESS:· Is there a question? | | |
| 17· · · · · · ·MR. LUFT:· I'm sorry, Mr. Kwok, there was | | |
| 18· · · · not.· There was not any audio.· Once I can get | | |
| 19· · · · it to play, I'll ask you a question. | | |
| 20· · · · · · ·Anyone hear sound? | | |
| 21· · · · · · ·MR. ROMNEY:· We do not hear any sound. | | |
| 22· · · · · · ·MR. FARMER:· Sound issue.· Sorry. | | |
| 23· · · · · · ·MR. LUFT:· Take your time, Will. | | |
| 24· · · · · · ·THE WITNESS:· There's no sound. | | |
| 25· · · · · · ·MR. FARMER:· In that case, we may need to | | |
of 105
| Page 75 | |
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| ·1· · · · · · · · · · · · ·H. Kwok | |
|-----------------------------------------------------------|--|
| ·2· · · · return to this exhibit and I'll investigate how | |
| ·3· · · · to adjust the audio. | |
| ·4· · · · · · ·MR. LUFT:· Why don't we play it through | |
| ·5· · · · once without the sound and we will do what we | |
| ·6· · · · can do and, Will, you can work on it. | |
| ·7· · · · · · ·Will, could you play Exhibit 5. | |
| ·8· · · · · · ·MR. FARMER:· (Complies.) | |
| ·9· · · · · · ·(Video played without audio.) | |
| 10· ·BY MR. LUFT: | |
| 11· · · · Q.· ·Mr. Kwok, do you recognize that you are | |
| 12· ·one of the people in that video? | |
| 13· · · · A.· ·The Fifth. | |
| 14· · · · Q.· ·Mr. Kwok, while we could not hear the | |
| 15· ·audio, under the subtitles there were repeated | |
| 16· ·references by you saying -- referring to "my yacht," | |
| 17· ·correct? | |
| 18· · · · A.· ·The Fifth. | |
| 19· · · · Q.· ·And Mr. Kwok, the yacht you were referring | |
| 20· ·to when you told the interviewer from Vice News | |
| 21· ·about "my yacht" was the Lady May, correct? | |
| 22· · · · A.· ·The Fifth. | |
| 23· · · · Q.· ·Mr. Kwok, Exhibit 5 appears to be a true | |
| 24· ·and accurate copy of your interview with Vice News, | |
| 25· ·correct? | |
| | of 105 |
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| | |
| ·2· · · · A.· ·The Fifth.
·3· · · · · · ·MR. LUFT:· Will, could I ask you to put up
·4· · · · the next video.· And we'll mark it as
·5· · · · Exhibit 6.
·6· · · · · · ·(Kwok PJR Exhibit 6 was received and | |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|
| | |
| | |
| | |
| | |
| | |
| ·7· · · · marked for identification, as of this date.) | |
| ·8· · · · · · ·(Video played with audio.) | |
| ·9· ·BY MR. LUFT: | |
| 10· · · · Q.· ·Mr. Kwok, you are the person speaking in | |
| 11· ·the video that is Exhibit 6, correct? | |
| 12· · · · A.· ·The Fifth. | |
| 13· · · · Q.· ·Mr. Kwok, you were aboard the Lady May at | |
| 14· ·the time of the video, correct? | |
| 15· · · · A.· ·The Fifth. | |
| 16· · · · Q.· ·Mr. Kwok, this video was created in | |
| 17· ·November of 2022, correct? | |
| 18· · · · A.· ·The Fifth. | |
| 19· · · · Q.· ·Mr. Kwok, this video was posted on Vetter | |
| 20· ·(phonetic) social media network you own and control, | |
| 21· ·correct? | |
| 22· · · · A.· ·The Fifth. | |
| 23· · · · Q.· ·Mr. Kwok, the video that has been marked | |
| 24· ·as Exhibit 6 is a true and accurate copy of you | |
| 25· ·speaking on the deck of the Lady May in November of | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 77 | |
|--------------------------------------------------|----------------------------------------------------------|---------|--|
| ·2· ·2022, correct? | | | |
| | ·3· · · · A.· ·The Fifth. | | |
| | ·4· · · · · · ·MR. LUFT:· Will, could I ask you to play | | |
| | ·5· · · · the next video, which we'll mark as Kwok | | |
| | ·6· · · · PJR Deposition Exhibit No. 7. | | |
| | ·7· · · · · · ·(Kwok PJR Exhibit 7 was received and | | |
| | ·8· · · · marked for identification, as of this date.) | | |
| | ·9· · · · · · ·(Video played with audio.) | | |
| | 10· ·BY MR. LUFT: | | |
| | 11· · · · Q.· ·Mr. Kwok, the person speaking in that | | |
| 12· ·video is you, correct? | | | |
| | 13· · · · A.· ·The Fifth. | | |
| | 14· · · · Q.· ·And in the video, Mr. Kwok, that's a true | | |
| 15· ·and accurate copy of an interview you gave, | | | |
| 16· ·Mr. Kwok? | | | |
| | 17· · · · A.· ·The Fifth. | | |
| | 18· · · · Q.· ·Mr. Kwok, in the video you talk about | | |
| 19· ·selling the Lady May, correct? | | | |
| | 20· · · · A.· ·The Fifth. | | |
| | 21· · · · Q.· ·Mr. Kwok, in the video you talk about how | | |
| | 22· ·when you purchased the Lady May in 2015, it was | | |
| | 23· ·delivered to Miami at that time, correct? | | |
| | 24· · · · A.· ·The Fifth. | | |
| | 25· · · · Q.· ·Mr. Kwok, the Lady May has been in the | | |
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| ·1· · · · · · · · · · · · ·H. Kwok | Page 78 | | |
|----------------------------------------------------------|---------|--|--|
| ·2· ·United States since 2015, correct? | | | |
| ·3· · · · A.· ·The Fifth. | | | |
| ·4· · · · Q.· ·Mr. Kwok, you have been in the | | | |
| ·5· ·United States the entire time that the Lady May has | | | |
| ·6· ·been in the United States, correct? | | | |
| ·7· · · · · · ·Let me strike that. | | | |
| ·8· · · · · · ·Mr. Kwok, you have been residing in the | | | |
| ·9· ·United States since 2015, correct? | | | |
| 10· · · · A.· ·The Fifth. | | | |
| 11· · · · Q.· ·Mr. Kwok, your daughter Mei Guo did not | | | |
| 12· ·come to the United States until 2017, correct? | | | |
| 13· · · · · · ·MR. ROMNEY:· Object to the form. | | | |
| 14· · · · A.· ·The Fifth. | | | |
| 15· ·BY MR. LUFT: | | | |
| 16· · · · Q.· ·Mr. Kwok, when the Lady May was purchased | | | |
| 17· ·in 2015, it was not delivered to the location where | | | |
| 18· ·Mei Guo was living but, in fact, was delivered to | | | |
| 19· ·the United States where you were living, correct? | | | |
| 20· · · · A.· ·The Fifth. | | | |
| 21· · · · Q.· ·Mr. Kwok, between the time the boat was | | | |
| 22· ·delivered to Miami in 2015 and June of 2017, you | | | |
| 23· ·used -- you boarded and sailed on the Lady May | | | |
| 24· ·frequently, correct? | | | |
| 25· · · · A.· ·The Fifth. | | | |
TSG Reporting - Worldwide Worldwide· · 877-702-9580
| | Case 22-50073 | Doc 1604-48 | Filed 03/27/23
of 105 | Entered 03/27/23 14:12:10 | Page 80 |
|----------------------|---------------------------|------------------------------------------------|-----------------------------------------------------------|---------------------------|---------|
| | | ·1· · · · · · · · · · · · ·H. Kwok | | | |
| | | | ·2· · · · Q.· ·Mr. Kwok, at no time during this period | | |
| | | | ·3· ·did your daughter, Mei Guo, ever step foot on the | | |
| | ·4· ·Lady May, correct? | | | | |
| | ·5· · · · A.· ·The Fifth. | | | | |
| | | | ·6· · · · Q.· ·Mr. Kwok, your use of the Lady May between | | |
| | | | ·7· ·2015 and June 2017 is no different than your use of | | |
| | | | ·8· ·the Lady May from June 2017 until the present, | | |
| ·9· ·correct? | | | | | |
| | | | 10· · · · · · ·MR. ROMNEY:· Object to the form. | | |
| | 11· · · · A.· ·The Fifth. | | | | |
| | | | 12· · · · · · ·THE WITNESS:· Ms. Wang, I need to go to | | |
| | | | 13· · · · the bathroom again.· I'm feeling uncomfortable. | | |
| | | | 14· · · · · · ·MR. LUFT:· Let's take a break so that you | | |
| 15· · · · can do so. | | | | | |
| | | 16· · · · · · ·THE WITNESS:· I'm really sorry. | | | |
| | | | 17· · · · · · ·MR. LUFT:· No.· Please, take care of | | |
| 18· · · · yourself. | | | | | |
| | | | 19· · · · · · ·THE VIDEOGRAPHER:· We're going off the | | |
| | | | | | |
YVer1f
20· · · · record at 2:49 p.m.
- 21· · · · · · ·(Recess.)
- 22· · · · · · ·THE VIDEOGRAPHER:· We're back on the
- 23· · · · record at 2:54 p.m.
24· ·BY MR. LUFT:
25· · · · Q.· ·Mr. Kwok, I'm going to ask my colleague to
| ·1· · · · · · · · · · · · ·H. Kwok | Page 80 |
|-----------------------------------------------------------|---------|
| ·2· ·put back up Exhibit 5, which I'm told now we have | |
| ·3· ·audio for. | |
| ·4· · · · · · ·MR. FARMER:· One moment. | |
| ·5· · · · · · ·(Video played with audio.) | |
| ·6· ·BY MR. LUFT: | |
| ·7· · · · Q.· ·Mr. Kwok, now that you could hear the | |
| ·8· ·audio of that video, do you agree that that is a | |
| ·9· ·true and accurate copy of the interview that you | |
| 10· ·gave with Vice News? | |
| 11· · · · A.· ·The Fifth. | |
| 12· · · · Q.· ·Mr. Kwok, you heard in that video which is | |
| 13· ·Exhibit 5 multiple references to "my yacht," | |
| 14· ·correct? | |
| 15· · · · A.· ·The Fifth. | |
| 16· · · · Q.· ·And Mr. Kwok, the yacht that you were | |
| 17· ·referencing in Exhibit 5 repeatedly as "my yacht" is | |
| 18· ·the Lady May, correct? | |
| 19· · · · A.· ·The Fifth. | |
| 20· · · · · · ·MR. LUFT:· I'll ask my colleague, Will | |
| 21· · · · Farmer, to post the next video, which we'll | |
| 22· · · · mark as Exhibit 8 for this deposition. | |
| 23· · · · · · ·(Kwok PJR Exhibit 8 was received and | |
| 24· · · · marked for identification, as of this date.) | |
| 25· · · · · · ·(Video played with audio.) | |
| | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 81 |
|-----------------------------------------------------------|---------|
| | |
| ·2· ·BY MR. LUFT: | |
| ·3· · · · Q.· ·Mr. Kwok, you see yourself in the top | |
| ·4· ·left-hand corner of that call -- the video of that | |
| ·5· ·call, with the name Miles under you? | |
| ·6· · · · A.· ·The Fifth. | |
| ·7· · · · Q.· ·Mr. Kwok, this is a true and accurate copy | |
| ·8· ·of a call that you conducted, correct? | |
| ·9· · · · A.· ·The Fifth. | |
| 10· · · · Q.· ·Mr. Kwok, on that call, you were telling | |
| 11· ·participants that if they had any questions, they | |
| 12· ·should reach out to William Je, correct? | |
| 13· · · · A.· ·The Fifth. | |
| 14· · · · Q.· ·And Mr. Kwok, in this video of the call | |
| 15· ·you conducted, you were telling the participants | |
| 16· ·that if they had questions relating to transferring | |
| 17· ·funds to entities you own and control, they should | |
| 18· ·speak to your agent, William Je, correct? | |
| 19· · · · A.· ·The Fifth. | |
| 20· · · · · · ·MR. LUFT:· Will, could you please -- I'll | |
| 21· · · · ask you to mark as Exhibit 9, the next exhibit, | |
| 22· · · · which, I believe, is a Tweet dated | |
| 23· · · · May 10, 2017. | |
| 24· · · · · · ·(Kwok PJR Exhibit 9 was received and | |
| 25· · · · marked for identification, as of this date.) | |
| | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 82 |
|--------------------------------------------------------|-----------------------------------------------------------|---------|
| ·2· ·BY MR. LUFT: | | |
| | ·3· · · · Q.· ·Mr. Kwok, do you recognize yourself in | |
| ·4· ·this exhibit? | | |
| | ·5· · · · A.· ·The Fifth. | |
| | ·6· · · · Q.· ·Mr. Kwok, this is a true and accurate copy | |
| ·7· ·of the Tweet you posted, correct? | | |
| | ·8· · · · A.· ·The Fifth. | |
| | ·9· · · · Q.· ·And in this Tweet, Mr. Kwok, from May 10, | |
| | 10· ·2017, you state that you're posting photos of "the | |
| 11· ·yacht I gave to my daughter and named after her," | | |
| 12· ·correct? | | |
| | 13· · · · A.· ·The Fifth. | |
| | 14· · · · Q.· ·Mr. Kwok, in this Tweet you also wrote | |
| | 15· ·that "I bought the Lady May for EUR 41 million," | |
| 16· ·correct? | | |
| | 17· · · · A.· ·The Fifth. | |
| | 18· · · · Q.· ·Mr. Kwok, you see below it, if we could | |
| | 19· ·scroll down, there's another Tweet from August 27, | |
| 20· ·2017. | | |
| | 21· · · · · · ·Do you see that Mr. Kwok? | |
| | 22· · · · A.· ·Ms. Wang, what is the question? | |
| | 23· · · · Q.· ·Whether you see the Tweet from | |
| 24· ·August 27, 2017 below the one where that is a | | |
| | 25· ·picture of you? | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 83 |
|-----------------------------------------------------------|-----------------------------------------------------------|---------|
| | ·2· · · · A.· ·The Fifth. | |
| | ·3· · · · Q.· ·Do you see -- and this is a true and | |
| | | |
| | ·4· ·accurate copy of the Tweets you posted on August 27, | |
| | ·5· ·2017, Mr. Kwok? | |
| | ·6· · · · A.· ·The Fifth. | |
| | ·7· · · · Q.· ·Mr. Kwok, in this Tweet you refer to the | |
| ·8· ·Lady May as "my ship," correct? | | |
| | ·9· · · · A.· ·The Fifth. | |
| | 10· · · · Q.· ·And you wrote those words, correct, Mr. | |
| 11· ·Kwok? | | |
| | 12· · · · A.· ·The Fifth. | |
| | 13· · · · Q.· ·Mr. Kwok, in this Tweet you also write | |
| 14· ·"This was two years ago, when I was in Miami, when I | | |
| 15· ·had just signed the most important investment | | |
| | 16· ·contract of my life," exclamation point. | |
| | 17· · · · · · ·Do you see that? | |
| | 18· · · · A.· ·The Fifth. | |
| | 19· · · · Q.· ·Mr. Kwok, who did you sign the most | |
| 20· ·important investment contract of your life with? | | |
| | 21· · · · A.· ·The Fifth. | |
| | 22· · · · Q.· ·Mr. Kwok, you signed that investment | |
| 23· ·contract on your own behalf, not acting as anyone | | |
| 24· ·else's agent, correct? | | |
| | 25· · · · A.· ·The Fifth. | |
| | | |
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| Page 84 | |
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| | ·1· · · · · · · · · · · · ·H. Kwok |
|--|-----------------------------------------------------------|
| | ·2· · · · Q.· ·Mr. Kwok, what did you do with the assets |
| | ·3· ·you received from signing that investment contract? |
| | ·4· · · · A.· ·The Fifth. |
| | ·5· · · · Q.· ·Mr. Kwok, you own and control an entity |
| | ·6· ·called "HCHK Property Management Inc.," correct? |
| | ·7· · · · A.· ·The Fifth. |
| | ·8· · · · Q.· ·Mr. Kwok, and for the record, when |
| | ·9· ·referencing the video exhibits I've shown you today, |
| | 10· ·your answers would not change if I was describing |
| | 11· ·the videos as true and correct recordings as opposed |
| | 12· ·to true and correct copies, correct? |
| | 13· · · · A.· ·In this one, what's the question? |
| | 14· · · · Q.· ·When referencing the video exhibits we've |
| | 15· ·looked at today, meaning Exhibits 5, 6, 7, and 8, I |
| | 16· ·asked you if they were true and correct copies. |
| | 17· · · · · · ·And what I want to know is, your answers |
| | 18· ·would not change if I also asked you the same |
| | 19· ·question as to whether they're true and accurate |
| | 20· ·recordings of those videos, correct? |
| | 21· · · · A.· ·The Fifth. |
| | 22· · · · Q.· ·Mr. Kwok, you own and control a property |
| | 23· ·called "HCHK Technologies Inc.," correct? |
| | 24· · · · · · ·THE INTERPRETER:· HCHK Technologies, Inc., |
| | 25· · · · is that the company's name? |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 85 | |
|-----------------------------------------------------------|---------|--|
| ·2· · · · · · ·MR. LUFT:· Yes, ma'am. | | |
| ·3· · · · A.· ·The Fifth. | | |
| ·4· ·BY MR. LUFT: | | |
| ·5· · · · Q.· ·Mr. Kwok, a man named Elliot Dordick is | | |
| ·6· ·affiliated with HCHK Technologies, Inc., and HCHK | | |
| ·7· ·Property Management, Inc., correct? | | |
| ·8· · · · A.· ·The Fifth. | | |
| ·9· · · · Q.· ·Mr. Kwok, all actions and statements made | | |
| 10· ·and taken by Mr. Dordick in relation to the | | |
| 11· ·Chapter 11 trustee in this case, (indiscernible), | | |
| 12· ·have been done at your direction and under your | | |
| 13· ·control? | | |
| 14· · · · · · ·MR. ROMNEY:· I'm going to object.· Again, | | |
| 15· · · · we seem to be getting pretty far outside the | | |
| 16· · · · scope of anything in this adversary proceeding. | | |
| 17· · · · · · ·Go ahead an answer this one, but absent an | | |
| 18· · · · offer of proof, I'm going to start instructing | | |
| 19· · · · the witness not to answer to this line. | | |
| 20· · · · · · ·Go ahead. | | |
| 21· · · · A.· ·The Fifth. | | |
| 22· ·BY MR. LUFT: | | |
| 23· · · · Q.· ·Mr. Kwok, in addition to the Lady May, you | | |
| 24· ·also own and control a second boat named the | | |
| 25· ·Lady May II, correct? | | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 86 |
|---------------------------------------------------------|----------------------------------------------------------|---------|
| | ·2· · · · A.· ·The Fifth. | |
| | ·3· · · · Q.· ·The Lady May II, like the Lady May, is | |
| | ·4· ·also an asset of your estate, correct? | |
| | ·5· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | ·6· · · · A.· ·The Fifth. | |
| ·7· ·BY MR. LUFT: | | |
| | ·8· · · · Q.· ·Mr. Kwok, where is the Lady May II | |
| ·9· ·currently located? | | |
| | 10· · · · A.· ·The Fifth. | |
| | 11· · · · Q.· ·Mr. Kwok, Daniel Podhaskie served as your | |
| 12· ·counsel previously, correct? | | |
| | 13· · · · A.· ·The Fifth. | |
| | 14· · · · Q.· ·Mr. Podhaskie was your employee, correct? | |
| | 15· · · · A.· ·The Fifth. | |
| | 16· · · · Q.· ·Mr. Kwok, Mr. Podhaskie has acted as your | |
| 17· ·agent, correct? | | |
| | 18· · · · A.· ·The Fifth. | |
| | 19· · · · Q.· ·Mr. Kwok, all actions Mr. Podhaskie took | |
| 20· ·as counsel to Golden Spring were, in fact, actions | | |
| 21· ·taken at your direction and for your benefit, | | |
| 22· ·correct? | | |
| | 23· · · · A.· ·The Fifth. | |
| | 24· · · · Q.· ·Mr. Kwok, all actions taken by Daniel | |
| 25· ·Podhaskie relating to Golden Spring, Leading Shine | | |
| | of 105 | |
|--|--------|--|
| | | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 87 |
|-----------------------------------------------------------|--------------------------------------------------------|---------|
| | ·2· ·Limited, Saraca Media Group, Greenwich Land LLC, | |
| ·3· ·Rule of Law Society, and the Sherry-Netherland | | |
| ·4· ·apartment were all taken at your direction, correct? | | |
| | ·5· · · · A.· ·The Fifth. | |
| | ·6· · · · Q.· ·Mr. Kwok, Anthony D'Battista is also an | |
| ·7· ·employee of yours, correct? | | |
| | ·8· · · · A.· ·The Fifth. | |
| | ·9· · · · Q.· ·Mr. D'Battista acts as your agent in | |
| 10· ·connection with his work related to all the G | | |
| 11· ·entities in Saraca Media, correct? | | |
| 12· · · · · · ·(Reporter clarification.) | | |
| 13· ·BY MR. LUFT: | | |
| | 14· · · · Q.· ·Mr. Kwok, Mr. D'Battista acts as your | |
| | 15· ·agent and under your direction in connection with | |
| 16· ·all of his activities related to the G entities, by | | |
| 17· ·which I mean, G Fashion G Music G Club, Getter, as | | |
| 18· ·well as Saraca Media, correct? | | |
| | 19· · · · A.· ·The Fifth. | |
| | 20· · · · Q.· ·Mr. Kwok, you know who Fiona Yu is, | |
| 21· ·correct? | | |
| | 22· · · · A.· ·The Fifth. | |
| | 23· · · · Q.· ·You directed Fiona Yu to speak as your | |
| | 24· ·agent in connection with seeking legal advice | |
| 25· ·related to hiding the Lady May from your creditors | | |
| | of 105 | |
|--|--------|--|
| | | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 88 | |
|-----------------------------------------------------------|---------|--|
| ·2· ·when she discussed this with your counsel, Hodgson | | |
| ·3· ·Russ, correct? | | |
| ·4· · · · A.· ·The Fifth. | | |
| ·5· · · · Q.· ·Mr. Kwok, similarly, Ms. Yu took all | | |
| ·6· ·actions related to ACA Capital Group Limited at your | | |
| ·7· ·direction, correct? | | |
| ·8· · · · A.· ·The Fifth. | | |
| ·9· · · · Q.· ·And Mr. Kwok, you installed Fiona Yu as | | |
| 10· ·the company secretary of ACA Capital Group Limited, | | |
| 11· ·an entity you own and control, correct? | | |
| 12· · · · A.· ·The Fifth. | | |
| 13· · · · Q.· ·Mr. Kwok, Karen Maistrello is another | | |
| 14· ·person who acts as your agent in connection with | | |
| 15· ·your business transactions, correct? | | |
| 16· · · · A.· ·The Fifth. | | |
| 17· · · · · · ·MR. LUFT:· And for the record, Maistrello | | |
| 18· · · · is spelled M-A-I-S-T-R-E-L-L-O. | | |
| 19· · · · · · ·THE WITNESS:· Do I need to answer? | | |
| 20· · · · · · ·MR. LUFT:· No.· I'm just providing that | | |
| 21· · · · information to the Court Reporter, Mr. Kwok. | | |
| 22· · · · There's nothing for you to do. | | |
| 23· ·BY MR. LUFT: | | |
| 24· · · · Q.· ·Mr. Kwok, Ms. Maistrello was an employee | | |
| 25· ·of yours, correct? | | |
| | | |
| | ·1· · · · · · · · · · · · ·H. Kwok | Page 89 |
|-----------------|-----------------------------------------------------------|---------|
| | ·2· · · · A.· ·The Fifth. | |
| | ·3· · · · Q.· ·Mr. Kwok, you're aware of a man named Han | |
| ·4· ·Chunguang? | | |
| | ·5· · · · A.· ·The Fifth. | |
| | ·6· · · · Q.· ·Mr. Kwok, Eastern Profit Limited is an | |
| | ·7· ·entity in the name of your daughter Mei Guo, | |
| ·8· ·correct? | | |
| | ·9· · · · A.· ·The Fifth. | |
| | 10· · · · Q.· ·And Mr. Kwok, all actions taken by | |
| | 11· ·Mr. Chunguang as relate to Eastern Profit are taken | |
| | 12· ·at your direction, correct? | |
| | 13· · · · · · ·MR. ROMNEY:· Object to the form. | |
| | 14· · · · A.· ·The Fifth. | |
| | 15· ·BY MR. LUFT: | |
| | 16· · · · Q.· ·Mr. Kwok, Mr. Chunguang acts as your agent | |
| | 17· ·in connection with all endeavors related to any | |
| | 18· ·entities related to you, correct? | |
| | 19· · · · · · ·MR. ROMNEY:· I'm going to object.· We're, | |
| | 20· · · · once again, getting pretty far afield of the | |
| | 21· · · · relatively narrow allegations back and forth in | |
| | 22· · · · the HK adversary proceeding. | |
| | 23· · · · · · ·MR. LUFT:· I disagree.· This is another | |
| | 24· · · · entity in the name of Ms. Guo. | |
| | 25· · · · · · ·MR. ROMNEY:· Another entity? | |
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| Page 90 | |
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| ·1· · · · · · · · · · · · ·H. Kwok | | |
|----------------------------------------------------------|--|--|
| ·2· · · · · · ·MR. LUFT:· Right.· Consistent with a | | |
| ·3· · · · pattern and practice of activities. | | |
| ·4· · · · · · ·MR. ROMNEY:· You can answer the question. | | |
| ·5· · · · I guess, getting pretty far afield, I have not | | |
| ·6· · · · yet directed the witness not to answer a | | |
| ·7· · · · question.· Based on relevance, I'm telling you | | |
| ·8· · · · we're getting pretty close on this one. | | |
| ·9· · · · · · ·Go ahead. | | |
| 10· · · · A.· ·The Fifth. | | |
| 11· ·BY MR. LUFT: | | |
| 12· · · · Q.· ·And I apologize to Mr. Han.· I'm told Han | | |
| 13· ·is his last name. | | |
| 14· · · · · · ·Mr. Kwok, you understood who I was | | |
| 15· ·referring to when I said Han Chunguang, that Han is | | |
| 16· ·the last name? | | |
| 17· · · · A.· ·The Fifth. | | |
| 18· · · · Q.· ·And with that clarification, Mr. Kwok, | | |
| 19· ·would that change any of the answers you've | | |
| 20· ·previously given with regard to Mr. Han Chunguang? | | |
| 21· · · · A.· ·The Fifth. | | |
| 22· · · · Q.· ·Ms. Kwok, the Lady May was not the only | | |
| 23· ·one of -- is not the only vehicle you owned and | | |
| 24· ·controlled that you put in the name of your | | |
| 25· ·daughter, correct? | | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 91 |
|-----------------------------------------------------------|---------|
| ·2· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·3· · · · A.· ·The Fifth. | |
| ·4· ·BY MR. LUFT: | |
| ·5· · · · Q.· ·Mr. Kwok, you, as a beneficial owner | |
| ·6· ·and -- control Whitecroft Shores Limited, which is a | |
| ·7· ·BVI corporation in the name of your daughter? | |
| ·8· · · · · · ·MR. ROMNEY:· The audio got muffled on that | |
| ·9· · · · one. | |
| 10· · · · · · ·MR. LUFT:· Sure.· I'm happy to ask it | |
| 11· · · · again. | |
| 12· ·BY MR. LUFT: | |
| 13· · · · Q.· ·Mr. Kwok, you beneficially owned and | |
| 14· ·controlled Whitecroft Shore Limited, a BVI | |
| 15· ·corporation that is listed in the name of your | |
| 16· ·daughter Mei Guo, correct? | |
| 17· · · · · · ·MR. ROMNEY:· Object to the form. | |
| 18· · · · A.· ·The Fifth. | |
| 19· ·BY MR. LUFT: | |
| 20· · · · Q.· ·Mr. Kwok, you placed your asset Bombardier | |
| 21· ·Global XRS with the -- a plane, with the serial | |
| 22· ·number 9189, into Whitecroft Shore Limited, correct? | |
| 23· · · · A.· ·The Fifth. | |
| 24· · · · Q.· ·Mr. Kwok, despite this plane being listed | |
| 25· ·under the name of Whitecroft Shore Limited at all | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 92 | |
|-----------------------------------------------------------|---------|--|
| ·2· ·times, you were the beneficial owner and controlled | | |
| ·3· ·that plane, correct? | | |
| ·4· · · · A.· ·The Fifth. | | |
| ·5· · · · Q.· ·Mr. Kwok, you're similarly the beneficial | | |
| ·6· ·owner and control an airbus, ACJ319, correct? | | |
| ·7· · · · A.· ·The Fifth. | | |
| ·8· · · · Q.· ·Mr. Kwok, all funds used to purchase the | | |
| ·9· ·Bombardier Global XRS and airbus ACJ319 belong to | | |
| 10· ·you, correct? | | |
| 11· · · · A.· ·The Fifth. | | |
| 12· · · · · · ·MR. ROMNEY:· Avi, I do think we need to | | |
| 13· · · · start moving on.· I get your point and | | |
| 14· · · · understand your point.· You're trying to prove | | |
| 15· · · · some sort of course of conduct.· I'm not saying | | |
| 16· · · · I agree with it, but I understand the concept | | |
| 17· · · · that you're doing.· But I think delving into | | |
| 18· · · · multiple layers that are of multiple entities | | |
| 19· · · · in questions that are nearly identical is | | |
| 20· · · · becoming extremely redundant, going outside the | | |
| 21· · · · rule -- of the scope of Rule 26, and getting to | | |
| 22· · · · the point of harassment-like behavior. | | |
| 23· · · · · · ·And I'm not saying that to be | | |
| 24· · · · disrespectful; I'm just saying that so we can | | |
| 25· · · · all move on with our lives after today or move | | |
| | | |
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| ·1· · · · · · · · · · · · ·H. Kwok | |
|-----------------------------------------------------------|--|
| ·2· · · · on with our lives today, because this is | |
| ·3· · · · getting extremely far outside the scope. | |
| ·4· · · · · · ·MR. LUFT:· Okay.· I hear your point. I | |
| ·5· · · · don't agree with you.· That said, I think you | |
| ·6· · · · understand the point I'm trying to make and why | |
| ·7· · · · I think that's pertinent. | |
| ·8· · · · · · ·I will try to move through.· I don't think | |
| ·9· · · · there's very much more, and I'll try to move | |
| 10· · · · through it quickly. | |
| 11· · · · · · ·MR. ROMNEY:· Thank you. | |
| 12· · · · · · ·MR. LUFT:· Okay. | |
| 13· · · · · · ·MR. ROMNEY:· All right. | |
| 14· · · · · · ·MR. LUFT:· Just a couple more entities and | |
| 15· · · · a couple more people, and I think we'll be | |
| 16· · · · okay. | |
| 17· ·BY MR. LUFT: | |
| 18· · · · Q.· ·Mr. Kwok, you're familiar with a person | |
| 19· ·named Zhang Wei, correct? | |
| 20· · · · A.· ·The Fifth. | |
| 21· · · · Q.· ·Mr. Kwok, any actions taken by Zhang Wei | |
| 22· ·related to any assets or entities related to you are | |
| 23· ·taken at your direction and under your control, | |
| 24· ·correct? | |
| 25· · · · · · ·MR. ROMNEY:· Object to the form. | |
| ·1· · · · · · · · · · · · ·H. Kwok | Page 94 |
|-----------------------------------------------------------|---------|
| ·2· · · · A.· ·The Fifth. | |
| ·3· ·BY MR. LUFT: | |
| ·4· · · · Q.· ·Mr. Kwok, Zhang Wei was never the owner of | |
| ·5· ·Genever Holdings LLC, correct? | |
| ·6· · · · · · ·(Reporter clarification.) | |
| ·7· ·BY MR. LUFT: | |
| ·8· · · · Q.· ·Zhang Wei was never the owner of Genever, | |
| ·9· ·G-E-N-E-V-E-R, Holdings LLC, correct? | |
| 10· · · · · · ·MR. ROMNEY:· Object to the question.· It | |
| 11· · · · is related to another ongoing proceeding to | |
| 12· · · · which Ms. Guo and HKI are already obviously | |
| 13· · · · parties.· It's outside the scope of this | |
| 14· · · · adversary proceeding. | |
| 15· ·BY MR. LUFT: | |
| 16· · · · Q.· ·You can answer, Mr. Kwok. | |
| 17· · · · A.· ·The Fifth. | |
| 18· · · · Q.· ·Mr. Kwok, we talked about Bravo Luck | |
| 19· ·Limited earlier. | |
| 20· · · · · · ·Mr. Zhang Wei never was the owner of | |
| 21· ·Bravo Luck Limited, correct? | |
| 22· · · · A.· ·The Fifth. | |
| 23· · · · Q.· ·Last question with regard to this and I'll | |
| 24· ·move on. | |
| 25· · · · · · ·Mr. Zhang Wei was never the owner of | |
| | |
YVer1f
·1· · · · · · · · · · · · ·H. Kwok
·3· · · · A.· ·The Fifth.
·2· ·Genever Holdings Corporation, correct?
·5· ·control Greenwich Land LLC, correct?
·9· · · · adversary proceeding at all.
13· · · · · · ·MR. ROMNEY:· Okay.
12· · · · understand, okay?
14· ·BY MR. LUFT:
18· ·correct?
20· · · · A.· ·The Fifth.
24· ·Land LLC, correct?
21· ·BY MR. LUFT:
·4· · · · Q.· ·Mr. Kwok, you're the beneficial owner and
·6· · · · · · ·MR. ROMNEY:· I'm going to object and
·7· · · · direct the witness not to answer.· That is --
·8· · · · that entity doesn't relate to any party in this
11· · · · foundation and then, hopefully, you'll
10· · · · · · ·MR. LUFT:· So, Aaron, let me lay more of a
15· · · · Q.· ·Mr. Kwok, Max Krasner and Yvette Wang both
16· ·took actions related to the Lady May in connection
17· ·with their roles on your behalf with Golden Spring,
22· · · · Q.· ·Mr. Kwok, Mr. Krasner and Ms. Wang also
23· ·hold, at the same time, positions with Greenwich
25· · · · · · ·THE WITNESS:· Sorry.· I need to go to the
TSG Reporting - Worldwide Worldwide· · 877-702-9580
19· · · · · · ·MR. ROMNEY:· Object to the form.
| ·1· · · · · · · · · · · · ·H. Kwok | Page 96 | |
|-----------------------------------------------------------|---------|--|
| ·2· · · · bathroom again.· My belly is making some noises | | |
| ·3· · · · again. | | |
| ·4· · · · · · ·MR. LUFT:· Okay.· Mr. Kwok, I just need | | |
| ·5· · · · you to answer this question because we can't | | |
| ·6· · · · take a break while a question is pending, but | | |
| ·7· · · · then I'll let you take a break. | | |
| ·8· · · · A.· ·I've just answered this, the Fifth. | | |
| ·9· · · · · · ·MR. LUFT:· Okay.· Let's take a break so | | |
| 10· · · · you can go to the bathroom. | | |
| 11· · · · · · ·THE VIDEOGRAPHER:· We're going off the | | |
| 12· · · · record at 3:37 p.m. | | |
| 13· · · · · · ·(Recess.) | | |
| 14· · · · · · ·THE VIDEOGRAPHER:· We're back on the | | |
| 15· · · · record at 3:43 p.m. | | |
| 16· ·BY MR. LUFT: | | |
| 17· · · · Q.· ·Mr. Kwok, I'm going to ask you again, you | | |
| 18· ·are the beneficial owner and control Greenwich Land | | |
| 19· ·LLC, correct? | | |
| 20· · · · A.· ·The Fifth. | | |
| 21· · · · Q.· ·Okay.· Mr. Kwok, I'm going to ask that the | | |
| 22· ·document -- | | |
| 23· · · · · · ·MR. LUFT:· Will, if you could mark as Kwok | | |
| 24· · · · PJR Deposition Exhibit 10 -- Will, if you could | | |
| 25· · · · put up a document titled "Declaration of Trust | | |
| | | |
| | of 105 | |
|--|--------|--|
| | | |
| Page 97 | |
|---------|--|
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| ·1· · · · · · · · · · · · ·H. Kwok | | |
|---------------------------------------------------------|----------------------------------------------------------|--|
| ·2· · · · and Agreement."· That's at tab 211. | | |
| | ·3· · · · · · ·(Kwok PJR Exhibit 10 was received and | |
| ·4· · · · marked for identification, as of this date.) | | |
| ·5· · · · · · ·MR. LUFT:· Will, if you go to the last | | |
| ·6· · · · page. | | |
| ·7· ·BY MR. LUFT: | | |
| | ·8· · · · Q.· ·Mr. Kwok, do you recognize this document? | |
| | ·9· · · · A.· ·The Fifth. | |
| | 10· · · · Q.· ·Mr. Kwok, do you see your signature on | |
| 11· ·this page -- on the last page? | | |
| | 12· · · · A.· ·The Fifth. | |
| | 13· · · · Q.· ·Mr. Kwok, this trust agreement, which | |
| 14· ·is -- purported trust agreement, which has been | | |
| 15· ·marked as Exhibit 10, did not exist as of March 6, | | |
| | 16· ·2015, when closing occurred for the purchase of the | |
| 17· ·Sherry-Netherland apartment, correct? | | |
| 18· · · · · · ·MR. ROMNEY:· I'm going to object.· This | | |
| | 19· · · · document, again, is the subject of a dispute. | |
| 20· · · · It's directly at issue in another adversary | | |
| 21· · · · proceeding to which the parties are not here. | | |
| | 22· · · · I don't see any significance or any relevance | |
| | 23· · · · whatsoever to this document to HK USA or | |
| 24· · · · Ms. Guo. | | |
| | 25· · · · · · ·MR. LUFT:· Well, the entity that entered | |
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| ·1· · · · · · · · · · · · ·H. Kwok |
|-----------------------------------------------------------|
| ·2· · · · into Bravo Luck Limited is the same entity that |
| ·3· · · · purportedly funded the purchase of the Lady May |
| ·4· · · · and the Sherry-Netherland apartment.· I think |
| ·5· · · · it's directly relevant.· I'm happy not to spend |
| ·6· · · · a lot of time on it, but I would like an answer |
| ·7· · · · to my question. |
| ·8· · · · A.· ·The Fifth. |
| ·9· · · · · · ·MR. LUFT:· Mr. Kwok, why don't we take a |
| 10· · · · five-minute break.· I may be done.· So let me |
| 11· · · · just check my notes.· Is that okay? |
| 12· · · · · · ·THE VIDEOGRAPHER:· We're going off the |
| 13· · · · record at 3:47 p.m. |
| 14· · · · · · ·(Recess.) |
| 15· · · · · · ·THE VIDEOGRAPHER:· We're back on the |
| 16· · · · record at 3:54 p.m. |
| 17· · · · · · ·MR. LUFT:· Mr. Kwok, your counsel and I |
| 18· · · · have discussed the idea that if the Court is |
| 19· · · · amenable, that in lieu of you giving live |
| 20· · · · testimony at the PJR hearing, that we can use |
| 21· · · · this deposition transcript.· I hope the Court |
| 22· · · · will agree to that. |
| 23· ·BY MR. LUFT: |
| 24· · · · Q.· ·But let me just ask, if for whatever |
| 25· ·reason you were to have to give live testimony at |
| |
Case 22-50073 Doc 1604-48 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 100
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·1· · · · · · · · · · · · ·H. Kwok
·4· ·answers to them?
·9· · · · question?
12· · · · you objected to today.
16· · · · · · ·MR. LUFT:· Okay.
19· ·to my question is "yes"?
25· · · · questions for the witness.
17· ·BY MR. LUFT:
20· · · · A.· ·Yes.
13· · · · · · ·MR. ROMNEY:· Thank you.
15· · · · just now.· That didn't get interpreted.
·2· ·this hearing and were asked the identical questions
·3· ·that you were asked today, would you give the same
·6· · · · question assumes the absence of an objection or
10· · · · · · ·MR. LUFT:· My question assumes no waiver
14· · · · · · ·THE INTERPRETER:· The witness said "yes"
18· · · · Q.· ·Just so we're clear Mr. Kwok, your answer
21· · · · · · ·MR. LUFT:· Mr. Kwok, I have no further
22· · · · questions for you at this time.· I thank you
24· · · · · · ·MR. ROMNEY:· Thank you.· I have no
23· · · · very much for the time you've given us today.
TSG Reporting - Worldwide Worldwide· · 877-702-9580
11· · · · of your right to object to any questions that
·5· · · · · · ·MR. ROMNEY:· Am I correct that the
·7· · · · an objection that was not sustained?
·8· · · · · · ·Is that a fair qualification on the
| | ·1· · · · · · · · · · H. Kwok | Page 100 |
|----|------------------------------------------------------|----------|
| | ·2· · · · THE WITNESS:· I wanted to take this | |
| | ·3· ·opportunity to also thank you -- say thank you | |
| | ·4· ·to everybody here today.· I'm sorry that | |
| | ·5· ·because I was feeling uncomfortable, so I | |
| | ·6· ·wasted quite a bit of everybody's time. | |
| | ·7· · · · But I want to say thank you for all the | |
| | ·8· ·professional questions, and I also want to | |
| | ·9· ·extend my thanks to you, the Interpreters, | |
| | 10· ·including Ms. Wang and Luyi, as well as the | |
| | 11· ·Court Reporter and all of the counsels present | |
| | 12· ·today as well as our videographer. | |
| | 13· · · · And I also want to say hello, please, to | |
| | 14· ·pass on my greetings to the trust and Mr. Luc. | |
| | 15· · · · MR. LUFT:· I will definitely pass those | |
| | 16· ·greetings along, Mr. Kwok, and I will echo your | |
| | 17· ·thanks to the Court Reporter, the videographer | |
| | 18· ·and the translator, who all did a tremendous | |
| | 19· ·job today.· Thank you. | |
| | 20· · · · THE VIDEOGRAPHER:· This marks the end of | |
| | 21· ·the deposition.· We're going off the record at | |
| | 22· ·3:59 p.m. | |
| | 23· · · · (Deposition continues - Next page) | |
| 24 | | |
| 25 | | |
| | | |
| ·1 | | Page 101 |
|----|---------------------------------------------------------|----------|
| | ·2· · · · · · ·MR. LUFT:· Standing order. | |
| | ·3· · · · · · ·MR. ROMNEY:· We'll take a copy but no | |
| | ·4· · · · rough. | |
| | ·5· · · · · · ·MS. SONG:· Same thing. | |
| | ·6· · · · · · ·MR. ROMNEY:· We will also ask for a copy | |
| | ·7· · · · of the video as well. | |
| ·8 | | |
| | ·9· · · · · · ·(Time noted:· 3:59 p.m.) | |
| 10 | | |
| 11 | | |
| | 12· · · · · · · · · · · ·____________________________ | |
| | 13· · · · · · · · · · · ·HO WAN KWOK | |
| 14 | | |
| | 15· ·Subscribed and sworn to | |
| | 16· ·before me this· · ·day | |
| | 17· ·of· · · · · · 2023. | |
| | 18· ·_______________________ | |
| 19 | | |
| 20 | | |
| 21 | | |
| 22 | | |
| 23 | | |
| 24 | | |
| 25 | | |
| 1 | Page 102 |
|----|-----------------------------------------------------------------------------------------|
| 2 | CERTIFICATE |
| 3 | |
| 4 | STATE OF CONNECTICUT ) |
| 5 | :
ss |
| 6 | I, Angela M. Shaw-Crockett, a Certified Court |
| 7 | Reporter, Registered Merit Reporter and Notary Public within |
| 8 | and for the States of New York, New Jersey and Connecticut, |
| 9 | do hereby certify: |
| 10 | That HO WAN KWOK, the witness whose deposition is |
| 11 | hereinbefore set forth, was duly sworn by me and that such |
| 12 | deposition is a true record of the testimony given by such |
| 13 | witness. |
| 14 | I further certify that I am not related to any of |
| 15 | the parties to this action by blood or marriage and that I |
| 16 | am in no way interested in the outcome of this matter. |
| 17 | In witness whereof, I have hereunto set my hand |
| 18 | this 2nd day of March, 2023. |
| 19 | |
| 20 | ----------------------------------------
ANGELA M. SHAW-CROCKETT, CCR, CRR, RMR, CSR |
| 21 | LICENSE NO. XI00218400 |
| 22 | |
| 23 | |
| 24 | |
| 25 | |
| | |
| ·1 | | | | Page 103 | |
|----|----------------------------------------------------------------------------------------------------|-------------------------------------------------------------|--|----------|--|
| | | ·2· · · · · · · · · · ·C O N T E N T S | | | |
| | | ·3· ·MR. LUFT· · · · · · · · · · · · · · · · · · · · · · ·7 | | | |
| | | ·4· · · · · · · · · · ·E X H I B I T S | | | |
| | | ·5· · · · · · ·(Retained by the court reporter) | | | |
| | | ·6· ·DEPOSITION· · · · · EXHIBIT· · · · · · · · · · ·PAGE | | | |
| | | ·7· ·Exhibit 1· ·Declaration of Trust· · · · · · · · · 19 | | | |
| | ·8· ·Exhibit 2· ·UBS Account Statement, Bravo Luck· · ·62
· · · · · · · · ·Ltd., Bates UBS00137 | | | | |
| ·9 | 10· · · · · · · ·UBS02746 | · · ·Exhibit 3· ·Wire Transfer, 15 March 2015, Bates· ·63 | | | |
| | | 11· ·Exhibit 4· ·Stipulated Order· · · · · · · · · · · 69 | | | |
| | | 12· ·Exhibit 5· ·Video from Vice· · · · · · · · · · · ·74 | | | |
| | | 13· ·Exhibit 6· ·Video· · · · · · · · · · · · · · · · ·76 | | | |
| | | 14· ·Exhibit 7· ·Video· · · · · · · · · · · · · · · · ·77 | | | |
| | | 15· ·Exhibit 8· ·Video· · · · · · · · · · · · · · · · ·80 | | | |
| | | 16· ·Exhibit 9· ·Tweet, dated May 10, 2017· · · · · · ·82 | | | |
| | | 17· ·Exhibit 10· Declaration of Trust and Agreement· · 97 | | | |
| 18 | | | | | |
| 19 | | | | | |
| 20 | | | | | |
| 21 | | | | | |
| 22 | | | | | |
| 23 | | | | | |
| 24 | | | | | |
| 25 | | | | | |
Case 22-50073 Doc 1604-48 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 105
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| ·1 | | | | | | |
|--------------------------------------------------------------------------------------|-----------------------------------------|--------------------------------------|---------------------------------------------------------------------------------------------------------------------|--|--|--|
| | | | ·2· ·NAME OF CASE:· In Re: Ho Wan Kwok | | | |
| | ·3· ·DATE OF DEPOSITION:· March 2, 2023 | | | | | |
| | ·4· ·NAME OF WITNESS:· Ho Wan Kwok | | | | | |
| | ·5· ·Reason Codes: | | | | | |
| | ·6· · · 1.· To clarify the record. | | | | | |
| · · · · 2.· To conform to the facts.
·7· · · 3.· To correct transcription errors. | | | | | | |
| | | | ·8· ·Page _______ Line ________ Reason _________
· · ·From ______________________ to ___________________________ | | | |
| ·9 | | | | | | |
| | | | 10· ·Page _______ Line ________ Reason _________
· · ·From ______________________ to ___________________________ | | | |
| 11 | | | | | | |
| | | | 12· ·Page _______ Line ________ Reason _________
· · ·From ______________________ to ___________________________ | | | |
| 13 | | | | | | |
| | | | 14· ·Page _______ Line ________ Reason _________
· · ·From ______________________ to ___________________________ | | | |
| 15 | | | | | | |
| 17 | | | 16· ·Page _______ Line ________ Reason _________
· · ·From ______________________ to ___________________________ | | | |
| | | | 18· ·Page _______ Line ________ Reason _________ | | | |
| 19 | | | · · ·From ______________________ to ___________________________ | | | |
| | | | 20· ·Page _______ Line ________ Reason _________ | | | |
| 21 | | | · · ·From ______________________ to ___________________________ | | | |
| | | | 22· ·Page _______ Line ________ Reason _________ | | | |
| 23 | | | · · ·From ______________________ to ___________________________ | | | |
| | | | 24· · · · · · · · · · · ·__________________________________ | | | |
| 25 | | · · · · · · · · · · · · ·HO WAN KWOK | | | | |
| | | | | | | |