Allen Stanford Criminal Trial Transcript Volume 8 Feb. 1, 2012

2293
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF TEXAS

HOUSTON DIVISION
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UNITED STATES OF AMERICA
.
.
vs.
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.
.
ROBERT ALLEN STANFORD
.
. . . . . . . . . . . . . . .
H-09-CR-342-1
HOUSTON, TEXAS
FEBRUARY 1, 2012
10:06 A.M.
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TRANSCRIPT OF JURY TRIAL

BEFORE THE HONORABLE DAVID HITTNER
UNITED STATES DISTRICT JUDGE
VOLUME 8
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A P P E A R A N C E S:
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FOR THE GOVERNMENT:
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Gregg J. Costa
Assistant US Attorney
PO Box 61129
Houston, TX 77208-1129
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William Stellmach
Andrew Howard Warren
U.S. Department of Justice
1400 New York Avenue NW
Washington, DC 20005
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FOR THE DEFENDANT:

Ali R. Fazel
Robert Scardino
Scardino Fazel
1004 Congress Street
3rd Floor
Houston, TX 77002
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Proceedings recorded by mechanical stenography, transcript

produced by computer-aided transcription.
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Cheryll K. Barron, CSR, CM, FCRR
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A P P E A R A N C E S: (Continued)
FOR THE DEFENDANT: (Continued)
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John M. Parras
Attorney at Law
1018 Preston
Floor 2
Houston, TX 77002
Kenneth W. McGuire
McGuire Law Firm
PO Box 79535
Houston, TX 77279
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OFFICIAL COURT REPORTER:
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U.S. District Court
515 Rusk Street
Houston, Texas 77002
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INDEX
PAGE
WITNESS
Henry Amadio, Government's Witness
Direct Examination by Mr. Costa
2301
Cross-Examination by Mr. Scardino
2465
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10:06
10:06
(Jury not present)
(At the bench with all counsel)
MR. COSTA: Are we ready, Judge?
THE COURT: Yes, we're ready.
MR. COSTA: Judge, the next witness is an individual
named Henry Amadio, who was an accountant at Stanford
Financial. He told us just a couple of weeks ago that -- he
was initially represented by Jimmy Ardoin. The government
10
contacted Mr. Ardoin in 2010, about a year after the charges
11
were filed, said we would like to talk to Mr. Amadio.
12
10:06
10:06
10:07
P R O C E E D I N G S
Jimmy said: Well, now, at this point we're in
13
with Laura Holt. We should -- I'm going to tell Henry to find
14
another attorney.
15
He ended up hiring Mike Hinton's firm, and that's
16
who represents him today. Mr. Amadio just told us within the
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last couple of weeks that when he was -- when Mr. Ardoin give
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him recommendations, one of the names he gave him was Mr. Fazel
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and he did meet Mr. Fazel for --
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THE COURT: He what?
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MR. COSTA: This witness, Mr. Amadio, met with
22
Mr. Fazel when he was shopping around for lawyers. And they
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had a -- I don't know the details of the discussion; but they
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met one day, had a discussion. And he obviously decided to
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hire Mr. Hinton. He was -- never retained Mr. Fazel but --
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10:07
MR. FAZEL: Judge, I don't even remember the meeting
and nor do we have files or anything in the office. And the
way I know that is because our server blew up right after we
were appointed to represent Mr. Stanford. So, there's no
documentation to that effect. I don't recall the meeting, and
I don't know if Robert even --
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8
MR. SCARDINO: I went out there and shook his hand

right before we came in. He said: I've met you before.
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10:07
10
He said: No, I talked to your partner.
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So, I asked Ali. And Ali says: No, I don't
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remember him but I'll -- there was no engagement letter, no
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fees --
14
10:07
problem. We just think, in an abundance of caution, to put it
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on the record. We do not think he was ever retained, that
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there is any conflict.
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10:08
MR. COSTA: The government doesn't think it's a
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18
10:07
I said: I'm sorry. I don't recall.
THE COURT: Does the government or the defense see any

problems?
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MR. FAZEL: I don't even remember the guy, your Honor.
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THE COURT: So the answer is?
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MR. FAZEL: No.
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THE COURT: Government?
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MR. COSTA: No.
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THE COURT: No problem. All right. It's on the
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10:08
1
2
record.
(In open court)
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4
10:09
10:09
mention that we're going to get underway tomorrow at 10:15. At
9:00 in the morning -- we do this once a year -- almost all the
judges in Houston, together with -- I know the chief judge from
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McAllen -- what happens is that we -- our district runs from
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Houston. It takes in -- we have judges in Galveston, Victoria,
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Corpus Christi, McAllen, Brownsville, and Laredo. That's the
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whole district. So, we take about a third of the state in.

There's a recognition in Houston of all of the
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staff people from the clerk's office, from the probation
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department, pretrial services -- what is it? They get their
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veteran's awards, shall we say, big plaques. It gets bigger
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and bigger, the longer you've been here, the plaque size.
In fact, Ellen is going to be recognized for
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25 years as employed by the judicial branch, which is great,
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both here and in -- where is it?
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THE CASE MANAGER: Michigan.
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THE COURT: Michigan, right, a few years in Michigan.
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10:10
(Jury present)
THE COURT: Before we get underway today, I do want to
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10:10
please.
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10:10
THE COURT: All right. Let's call the jury in,
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But anyhow, what I am saying is that begins at

9:00 o'clock. It's in the big ceremonial courtroom, 11A. If
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10:10
10:11
you happen to be here that early, you're welcome to come up.
It's open to the public. What it is, you can picture a bunch
of guys in these robes all across the front and, in effect, we
have enough participating, a few in the front also and a few
greetings from the chief judge, Judge Hinojosa, very
accomplished fellow.
10:11
School; and he holds a number of high positions. In fact, I
don't know if you know that or not; Judge Hinojosa was
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recognized by the highest judicial federal judicial award in
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the country, given only once -- one per year, called the Devitt
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Award. I think it was last year. And it was presented, I
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believe, at the US Supreme Court.
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10:11
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I think he was Harvard undergraduate, UT Law
But in any event, if you want to just see what
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goes on down here, it begins at 9:00 and -- what is it --
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thereafter we -- the staff gathers somewhere. So we're getting
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underway at 10:15. You don't have to come in any earlier than
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10:15. If you happen to be here earlier, it's in
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Courtroom 11A.
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It's right next to the one that we selected the
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jury in. But this is the really ornate courtroom with the
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ornate rugs and the bench itself is -- extends over the whole
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width of that huge size courtroom, better lighting, all the
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judge portraits on the wall.
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That's the first judge that was appointed to the
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Southern District of Texas. Of course, the district was in
effect, you know, from -- I guess, shortly after, you know,
Texas became a state. But then a lot of them left during the
Civil War, and some of them came back on.
But then they split the District of Texas into
the Southern, Eastern, Northern, and Western. And that was the
first judge appointed to the Southern District even though
there was, before that, one judge of the District of Texas.
But no known portrait of that man exists. The historians have
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looked for it.
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Anyhow, if you're here, that's tomorrow morning

at 9:00; but we'll be underway at 10:15.
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Go right ahead, sir.
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10:12
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MR. COSTA: Thank you, your Honor. The United States

calls Henry Amadio.
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THE CASE MANAGER: Could you please raise your right

hand?
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10:13
10:13
Do you solemnly swear that the testimony you're
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about to give in the case now before the Court will be the
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truth, the whole truth, and nothing but the truth?
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THE WITNESS: I do.
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THE CASE MANAGER: Thank you. You may have a seat.
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///
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10:14
HENRY AMADIO, GOVERNMENT'S WITNESS, TESTIFIED:
DIRECT EXAMINATION
BY MR. COSTA:
Q. Good morning, Mr. Amadio.
A. Good morning.
Q. Would you please introduce yourself to the jury and spell
your last name for the court reporter?
A. My name is Henry Amadio, A-M-A-D-I-O.
Q. And what do you do for a living, Mr. Amadio?
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A. I'm an accountant.
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Q. Briefly tell the jury about your educational background.
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A. I studied at the University of Houston. I majored in
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computer information systems and accounting.
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Q. And what did you do after graduating from the University of
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Houston with that accounting degree?
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A. I worked with -- with Aeromexico Airlines.
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Q. Was that here in Houston?
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A. That was here in Houston.
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Q. What was your position with Aeromexico?
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A. I worked there as an accountant, and my last position was
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accounting supervisor.
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Q. What kind of company is Aeromexico?
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A. It's a public company, an airline, Mexican owned airline.
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Q. What years did you work there?
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A. I worked from 1992 to year 2002.
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Q. And just generally describe what your duties were as an
accountant with Aeromexico.
A. I worked in different departments, the revenue department,
general accounting departments; and I supervised the general
accounting department, accounts payable, accounts receivable.
Q. Where did you go in 2002 when you left Aeromexico?
A. I went to work for Stanford Financial Group Company.
Q. How did you first hear about Stanford Financial?
A. I was contacted in 2002 by the HR manager.
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Q. Why did the HR manager contact you initially?
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A. Initially I was contacted because they were looking for an
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internal audit manager to work in one of their airlines that
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the company had.
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Q. What were these airlines that Stanford had?
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A. There was two airlines, Caribbean Sun and Caribbean Star,
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at that time.
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10:15
THE COURT: Were you working with the airlines

predominantly?
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THE WITNESS: No, I didn't work --
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THE COURT: I mean, with Stanford.
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MR. COSTA: We're going to get to that, your Honor.
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THE COURT: All right. Okay.
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BY MR. COSTA:
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Q. Initially they were interested in you because of your
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airline -- Stanford was interested in you because of your
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airline background?
A. That is correct.
Q. Were these two airlines, Caribbean Sun and Caribbean Star,
were they fairly new at this point in 2002 when you were
contacted by the HR person?
A. Yes, they were.
Q. And so, did they -- Stanford Financial ask you for an
interview, invite you for an interview?
A. That is correct.
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Q. Who did you -- with whom did you first interview?
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A. I first interviewed with the HR manager.
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THE COURT: What was the name of that person? Do you

remember?
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THE WITNESS: It was --
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THE COURT: All right.
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THE WITNESS: I can't remember.
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THE COURT: Okay.
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BY MR. COSTA:
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Q. After you met with the HR manager, did you meet with
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someone else in the interview process?
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A. Yes. I met with Gil Lopez.
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Q. At that time in 2002 what was Mr. Lopez' position at
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Stanford Financial?
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A. He was -- at that time he was the controller of Stanford
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Financial Group.
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Q. What's a "controller"?
A. "Controller" is a person that oversees all of the
accounting processes and accounting matters of the company.
Q. And what did Mr. Lopez tell you about the position that you
were being interviewed for?
A. At that time, when reviewing my rsum, I didn't have
internal audit experience; but he was interested in my -- still
interested in my experience in the airline and that there was
probably another opportunity -- another job opening.
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Q. Did you interview with someone after you met with
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Mr. Lopez?
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A. Then I interviewed with Mark Kuhrt.
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Q. What was Mr. Kuhrt's position at the time in 2002 when you
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had that interview?
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A. He was the accounting manager at that time.
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Q. Now, after you started working at Stanford Financial, did
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Mr. Lopez and Mr. Kuhrt get promoted?
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A. Yes, they did.
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Q. And by the end of your time at Stanford Financial, what was
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Mr. Lopez' position?
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A. He was the chief accounting officer.
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Q. And what was Mr. Kuhrt's position at the end?
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A. He was the global controller.
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Q. So, who's higher in the pecking order, chief accounting
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officer, Mr. Lopez, or global controller, Mr. Kuhrt?
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A. The chief accounting officer was higher.
Q. So, Mr. Kuhrt reported to Mr. Lopez?
A. Yes.
Q. What did Mr. Kuhrt tell you about the position when you
interviewed?
A. The position that was offered was a senior accounting
position for fixed assets.
Q. What does that mean, "fixed assets"?
A. "Fixed asset" was a person in charge of overseeing and
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doing all the inventory for personal property, such as
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machinery, equipment, furniture, fixtures.
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Q. And part of that was expected to be with the airlines,
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Caribbean Sun and Caribbean Star?
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A. It was to work together also with Caribbean Sun and
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Caribbean Star, with the accountants of the airline, to help
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them establish a chart of accounts, the systems setup, and all
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that.
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Q. Did you accept the job with Stanford Financial?
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A. Yes, I did.
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Q. What was your starting salary?
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A. It was $52,000.
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Q. And do you remember when in 2002, approximately, you began
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working there?
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A. I think it was December 16th.
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Q. And was your job, once you got there, were you focused on
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the airlines or working with a lot of companies?
A. It was both. It was working with the airlines, helping
out, establishing some of the accounting procedures,
processes -- they were setting up a new system -- as well as
also the function of the fixed asset, traveling to some of the
entities to do some of the inventory of the machineries,
equipments, furniture.
Q. When you mention that word "entities," you're talking about
different Stanford businesses?
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A. That is correct, other affiliated companies.
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Q. Who was your direct employer that issued your paycheck?
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A. Stanford Financial Group Company.
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Q. What was the role of Stanford Financial Group Company?
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A. It was a role of management support company that will
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provide accounting, IT, HR support to other affiliated
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companies.
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Q. When you say other affiliated companies, are those other
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companies also owned by Robert Allen Stanford?
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A. That is correct.
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Q. Is one of those companies Stanford International Bank?
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A. Yes. Yes, it is.
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Q. So, the accountants at Stanford Financial would provide
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services to the bank?
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A. Yes.
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Q. And to other Stanford businesses?
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A. And to other Stanford businesses.
Q. And the IT people at Stanford Financial would provide
computer services to the bank and to other Stanford companies?
A. That's correct.
Q. Shortly after starting work at Stanford Financial, did you
have an occasion to visit Stanford International Bank in
Antigua?
A. Yes. A month into the job, the new job, in January of
2003, I went to Antigua.
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Q. What was going on in Antigua when you went down there, at
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the bank?
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A. It was the preparation of the annual report.
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Q. Was the internal audit also being conducted?
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A. That is correct, yes.
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Q. How many people from Houston went down to Antigua to work
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on the annual report and conduct the internal audit?
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A. At least between five and six people.
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Q. And were some of those -- was there an actual internal
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audit department?
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A. Yes, there was.
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Q. At Stanford Financial Group?
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A. That is correct.
23
Q. So, some of the internal auditors went down there?
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A. Two of the internal auditors -- that was the number that
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they had at that time -- will go and travel, as well as some of
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the accountants.
Q. And how long were you down in Antigua at the bank in 2003?
A. About a week and a half.
Q. And you said that Stanford Financial Group provided
accounting services for the bank. Did the bank also have some
accountants directly employed by the bank down in Antigua?
Q. So, if you were down there in January 2003 which year's
annual report were you working on?
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A. The 2002.
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MR. COSTA: If we can pull up Government 115, which

has already been referenced, your Honor.
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10:22
10:22
And go to Page 60.
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BY MR. COSTA:
15
Q. Do you recognize this page of the 2002 annual report,
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Mr. Amadio?
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A. Yes, I do.
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Q. It's the report of management?
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A. That is -- that is correct.
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Q. Is this a standard report that was included in all the
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annual reports you saw?
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A. Yes, this is a standard report.
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10:22
MR. COSTA: We can go back to the full document,
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please.
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BY MR. COSTA:
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Q. Who signed -- which two individuals signed that report of
management?
A. It was signed by R. Allen Stanford and James Davis.
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MR. COSTA: And now if we can go to look at the second
and third paragraphs, pull those up, please.
BY MR. COSTA:
Q. Could you read that -- the first paragraph that's being
shown there, which is the second paragraph of that management
report?
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A. "The bank maintains a system of internal accounting
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controls to provide reasonable assurance that assets are
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safeguarded and that transactions are executed in accordance
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with management's authorization and recorded properly to permit
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the preparation of financial statements in accordance with
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approved accounting standards. The internal audit function of
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the bank reviews, evaluates, monitors, and makes
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recommendations on both administrative and accounting control,
18
which acts as an integral but independent part of the system of
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internal controls."
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Q. And those internal auditors are the folks you went down to
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Antigua with?
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A. Yes.
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Q. Then, if you could read the next paragraph?
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A. "The bank's independent accountants were engaged to perform
25
an examination of financial statements."
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Q. Stop there. Who was the bank's independent accountant?
A. That was CAS Hewlett.
Q. So, this report from Mr. Stanford and Mr. Davis is saying
that there's both an internal audit and this outside
independent accountant who were verifying the books?
A. That is correct.
Q. Okay. If you can just finish up that paragraph.
A. "This examination provides an objective, outside review of
management's responsibility to report operating results and
10
financial condition. Working with the bank's internal
11
auditors, they review and make tests, as appropriate, of the
12
data included in the financial statements."
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Q. That last sentence is saying that the outside auditor,
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Mr. Hewlett, works with the bank's internal auditors to test
15
the financial statements?
16
A. That is correct.
17
Q. What does that term test -- making tests of the data in the
18
financial statements, what does that mean to you?
19
A. It is to use sampling of the information of the accounting
20
data and test if it's accurate and the integrity of the numbers
21
are correct.
22
Q. And when you are talking about an audit of a bank, what
23
type of data would you expect to be tested by the auditors?
24
A. All sorts of different documents, financials, but also
25
client deposits and also investments, as well, investment
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portfolio.
Q. Let's turn to Page 37 in this annual report.
10:25
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Do you recognize this as the balance sheet the
bank was claiming in the 2002 annual report?
A. Yes, that's correct.
Q. And it lists assets and then liabilities?
A. That's correct.
Q. Now, let's first talk about liabilities. It says total
liabilities of 1.6 billion in 2002, and it breaks it down.
10
What are the vast, vast majority of those liabilities of the
11
bank?
12
A. That's the customer deposits.
13
Q. The money owed to the CD depositors?
14
A. That's the money owed.
15
Q. And when you were down in Antigua and that internal audit
16
was being conducted, was there backup documentation that
17
allowed the internal auditors to verify that that was, in fact,
18
the amount owed to the CD depositors?
19
A. That is correct. There was clients' information.
20
Q. So, that part, you did see testing of the liability side of
21
the bank's balance sheet?
22
A. That's correct.
23
Q. Now, let's talk about the assets. And just in basic terms,
24
what are assets?
25
A. The assets are the investments that the bank -- the bank is
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investing those clients' deposits.
Q. And why would someone reading this care what the bank's
assets were?
A. Because that way the person who would make the decision to
deposit money into the bank will see that the money is being
invested correctly and there is no high risk on their money.
Q. Are there banking requirements about how much the assets
need to be in relation to the liabilities?
A. Yes, there is.
10
Q. And just very generally, what does the relationship have to
11
be between assets and liabilities of a bank?
12
A. Well, the assets have to be higher than the liabilities to
13
have that cushion to cover any withdrawals of clients'
14
deposits.
15
Q. And so, in 2002 the total assets were reported to be
16
1.7 billion. And what's the vast majority -- they break it
17
down. Part of it is -- a little bit, just 5 million, is fixed
18
assets. And you talked about that before. What were the fixed
19
assets of the bank, what would those be?
20
A. That would be the building, furniture and fixtures,
21
machinery, equipment.
22
Q. That's just $5 million reported in 2002?
23
A. That is correct.
24
Q. So, what was the vast majority of the total assets
25
reported?
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A. The vast majority was the investment portfolio.
Q. Over 1.57 billion reported?
A. That's correct.
Q. And when you were down for 10 days in Antigua during the
internal audit in early 2003, did you see any backup
documentation being provided by the bank to support the
investment portfolio?
A. No, I didn't.
Q. What type of backup documentation -- we talked about that
10
testing, an auditor should test the numbers. What type of
11
backup documentation would enable someone to test the
12
investment portfolio being reported?
13
A. That would be broker/dealer statements, bank statements
14
showing the different investments, and the return of those
15
investments as well.
16
Q. And you didn't see those the 10 days you were down at the
17
bank in 2003?
18
A. No, I didn't.
19
10:29
10:29
MR. COSTA: If we can go in the same document to
20
Page 50, and if we can get the part above the graphs.
21
BY MR. COSTA:
22
Q. And is that a breakdown of supposedly where the investments
23
are?
24
25
Q. And so, it's those equities and treasury bonds, notes,
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10:30
corporate bonds. It says they're generally listed on major
exchanges. It's statements showing those investments that you
would expect to see and be tested during an audit?
Q. Did you ever go down to Antigua for another internal audit?
A. No, I didn't.
Q. But you stayed working at Stanford Financial through 2009?
A. Yes, I did.
Q. Did you learn whether the internal auditors were ever given
10
access to those brokerage statements that would allow for
11
proper testing of the investment numbers?
12
MR. SCARDINO: Object to the form of the question.
13
THE COURT: Why?
14
MR. SCARDINO: He's stating whether for the "proper
15
testing," which is testifying, in effect, whether it was proper
16
or not.
17
THE COURT: All right. Rephrase it.
18
MR. COSTA: I'll rephrase it.
19
BY MR. COSTA:
20
Q. Did you learn whether the backup documentation, those
21
broker statements for the investment portfolio, were ever given
22
to the internal auditors?
23
A. No. They were never given to the internal auditors.
24
Q. What about -- you said you worked in the accounting
25
department for Stanford Financial Group, which provided
713.250.5585
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10:30
10:31
10:31
10:32
10:32
accounting services to the bank, among other companies. Did
the accounting department ever receive the brokerage statements
showing or verifying those numbers reported to be in the
investment portfolio?
A. No, they never received it.
Q. Did you think it was unusual that the internal auditors
never had access to those brokerage statements?
A. Yes, it was unusual.
Q. Why?
10
A. Because for an internal auditor to be able to give an
11
objective, independent review and evaluation of the financials,
12
he needs to have that information.
13
Q. Were you ever told why the brokerage statements weren't
14
given to the accounting department or weren't disclosed to the
15
internal auditors or others within the company?
16
A. The information that was given -- or the explanation why
17
that information was not disclosed is because of the unique
18
investment model that the company had and it was very secretive
19
and so unique that it was not to be revealed, it was very
20
confidential.
21
Q. These investments in stocks and treasury notes was -- you
22
were told was very confidential?
23
A. Yes.
24
Q. You worked -- you said before, you worked at Aeromexico
25
before working at Stanford?
713.250.5585
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10:32
10:32
10:33
10:33
10:33
A. That is correct.
Q. And since, you've worked at another company. Is that
correct? As an accountant?
A. Yes.
Q. Is there something -- I take it most companies don't want
their business information disclosed outside of the company.
Is that your experience?
Q. Is there something businesses can do, a legal agreement, to
10
prevent that disclosure outside the company?
11
A. Yes. There's -- employees sign confidentiality agreements.
12
Q. But at Stanford it wasn't enough to have a confidentiality
13
agreement with those auditors or others?
14
A. That was not enough.
15
Q. Was this secrecy surrounding the investment portfolio
16
consistent with what you saw generally working for Stanford
17
Financial?
18
A. In general, yes.
19
Q. Was there a phrase for -- that described access to
20
information at Stanford Financial?
21
A. Everything was to be a need-to-know basis.
22
Q. Was there an experience you had early on in your time at
23
Stanford Financial that highlighted the secrecy that you saw at
24
the company?
25
A. Yes. In one occasion we left printed financials of one of
713.250.5585
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10:34
10:34
10:34
10:35
10:35
the entities on the printer, and it was informed -- or called
to my attention that that should not ever be left -- that
information should never be left in the printer or outside of
the accounting department.
Q. Who told you that?
A. That was -- Mark Kuhrt mentioned that to me.
Q. You said after 2003 you never went down to the bank during
an internal audit. But did you continue to work on the annual
report?
10
A. Yes. Yes, I did.
11
Q. Each year you had some involvement in the annual report?
12
A. Each year, yes.
13
Q. What was your level of involvement in the annual report?
14
A. It was a level of reviewing the different drafts of the
15
annual report as they were drafted. After they had come
16
from -- the information came from Antigua and they had reviewed
17
the information, then the accounting department in Houston
18
would review the multiple draft that will come from the
19
marketing, advertising company that will be drafting the annual
20
report and make sure that information from the prior year was
21
flowing into the new year annual report, making sure that
22
numbers added up, spelling, things like that was done.
23
Q. I want to go to Exhibit 120, which is the 2007 annual
24
report. Is this the last annual report that was ever
25
distributed?
713.250.5585
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10:35
A. Published? Yes.
Q. What happened to the 2008 annual report?
A. It was not yet finalized when the receivership took over
the company in February.
5
6
10:36
10:36
10:36
10:37
MR. COSTA: If we can go to Page 6, highlight the

second paragraph. The one below.
MR. SCARDINO: I'm sorry, Mr. Costa. What is it?
MR. COSTA: 120, 2007 report.
MR. SCARDINO: What page?
10
MR. COSTA: Page 6.
11
BY MR. COSTA:
12
Q. Could you read that second paragraph, Mr. Amadio?
13
A. "We believe value for clients means value for capital.
14
Theirs and ours. That's why we zealously manage for a strong
15
balance sheet, a strong cash flow, and a strong return on
16
equity. Further, our sole shareholder reinvests every dollar
17
earned back into retained earnings; an act of foresight that
18
has continuously strengthened our capital base for future
19
growth. And that's why we are able to pay consistent returns
20
to our clients, year after year, through market ups and market
21
downs."
22
Q. I want to focus on the middle sentence, "Further, our sole
23
shareholder." Who was the sole shareholder of Stanford
24
International?
25
A. Mr. Stanford.
713.250.5585
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10:37
10:37
10:37
10:37
10:38
10:38
Q. It says he reinvests every dollar earned back into retained
earnings. What does that mean, "retained earnings"?
A. Retained earnings is the accumulations of all the profits
and earnings that the company makes.
Q. So, according to this annual report given to the clients,
was Mr. Stanford taking out his profits for his own use or was
he putting them back into the bank?
A. He was putting it back into the bank. There was no
distribution to the shareholder.
10
Q. And it says that's the "act that has continuously
11
strengthened our capital base for future growth?"
12
A. That's correct.
13
Q. By the time this was being published, did you have
14
information that showed that was not true?
15
A. Yes. Yes, I did.
16
Q. What information did you have showing that Mr. Stanford was
17
not putting all the money back into the bank?
18
A. The fact that we had a shareholder funding report that was
19
reflecting all of the funding that was sent to all of the
20
Stanford affiliated companies and that's -- those were funds
21
that later on I learned that were coming from the bank and they
22
were part of the clients' deposits and were being distributed
23
as -- on behalf of the shareholder, fundings to all of the
24
needs of the -- the cash needs of all the affiliated companies.
25
Q. And we're going to look at some of those accounting records
713.250.5585
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10:38
10:39
10:39
10:39
10:39
in a few minutes. But just generally speaking, what type of
money are we talking about when this 2007 annual report was
published?
A. $1.6 billion.
Q. And so, this is saying Mr. Stanford is not even taking
profits out of the bank. And you said you knew that wasn't
true. From what you knew, was he taking even more than profits
out of the bank?
A. Yes.
10
Q. And what do you mean by that?
11
A. What I mean by that is that, first of all, there was not
12
enough profits in the bank to make up the $1.6 billion that was
13
already accumulated all the way through 2007 as shareholder
14
funding or money that was coming on behalf of the shareholder
15
to the different affiliated companies. So, what I mean by that
16
is that the only other conclusion was that money was coming
17
from the clients' deposits to cover that amount.
18
Q. That one point -- did you say 1.6?
19
A. 1.6 billion.
20
Q. At that time the 1.6 billion that had gone to
21
Mr. Stanford's other companies?
22
A. That is correct.
23
10:40
MR. COSTA: Let's go to Page 17. If we can highlight
24
Section 2.9.
25
BY MR. COSTA:
713.250.5585
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10:40
10:40
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10:40
10:41
10:41
Q. Are you familiar with this as part of the 2007 annual
report, Mr. Amadio?
A. Yes. Yes, I am.
Q. If you can read that section entitled "Loans and advances
to clients"?
A. "Stanford International Bank does not expose its clients to
the risks associated with commercial loans. The bank's only
form of lending is done on a cash-secured basis solely to
existing clients. Loans and advances to clients are permitted
10
up to 80 percent of deposits maintained by the client at the
11
bank. The deposits serve as guarantee to the loan and,
12
therefore, no additional provision is needed to support a
13
potential loan loss."
14
Q. So, it says the bank does not expose its clients to risks
15
associated with commercial loans. Did you see any loans at the
16
bank that did involve risk?
17
A. Yes, I did.
18
Q. Did you believe this was a true statement in the annual
19
report?
20
A. No, it wasn't.
21
Q. What -- explain why you thought it was not a true
22
statement.
23
A. Because -- because of the shareholder funding report and
24
knowing how the different affiliated companies were cash
25
funded, there was an existing loan and that existing loan was
713.250.5585
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10:41
10:42
10:42
10:42
10:42
what was referred to as the shareholder receivables or note
receivable in the bank.
Q. So, who was the bank loaning money to?
A. To Robert Allen Stanford.
Q. And this note in the annual report talks about risks
associated with commercial loans. What's the basic risk with
loaning out money?
A. That it will not get repaid.
Q. Did you think this loan at this time -- I think you said
10
for about 1.6 billion to Mr. Stanford -- was there a risk it
11
wouldn't get repaid?
12
A. Yes, that was a concern.
13
Q. And we're going to talk more about this later, but for the
14
number of years you were familiar with this -- all this money
15
being loaned to Mr. Stanford, were there significant repayments
16
being made on a regular basis?
17
A. No, there wasn't. There wasn't.
18
Q. Were the loans growing over time?
19
A. Yes, they were.
20
Q. At what type of rate?
21
A. At least three to four hundred million dollars every year.
22
Q. And it does talk here -- it says there's one form of loan.
23
Is that describing the loans Mr. Stanford was taking out?
24
A. No, it's not.
25
Q. What's the one -- the only form of lending it talks about?
713.250.5585
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10:43
10:43
10:43
10:43
10:44
Just explain what those loans were that were disclosed.
A. That's the type of loans that only clients that have cash
deposits into the bank can withdraw to 80 percent of their
deposits. But it's what is cash -- it's cash guaranteed. In
other words, it's guaranteed. If there is no repayment of that
loan, the bank can use the deposits to cover for that -- that
loan.
Q. So, was there a risk associated with those loans to the
clients who had CD money in the bank?
10
A. No risk.
11
Q. Because it was cash secured?
12
A. That is correct.
13
Q. What is it -- it says "commercial loan." What does
14
"commercial loan" mean?
15
A. Commercial loans are, you know, mortgages, car loans.
16
Q. Would that include a loan just for someone to start a
17
business or invest in a business?
18
A. That's correct, yes.
19
Q. And what was Mr. Stanford using all this -- the 1.6 billion
20
for?
21
A. The $1.6 billion was used to start businesses.
22
MR. SCARDINO: I'm sorry. I didn't hear what he said.
23
MR. COSTA: He said to start businesses.
24
MR. SCARDINO: Used to start businesses?
25
MR. COSTA: Uh-huh.
713.250.5585
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10:44
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10:44
10:44
10:45
10:45
MR. SCARDINO: Okay.
BY MR. COSTA:
Q. When did you first learn that Mr. Stanford was taking all
this money from the CD depositors?
A. Approximately in 2005, in preparation of -- in preparing
this shareholder funding report, I was aware that there was a
notes receivable in the bank or -- called an investment
account.
Q. What is a notes receivable, in just general non-accounting
10
terms?
11
A. It's a debt. It's a debt owed to the bank.
12
Q. And so, the bank had this entry for a note receivable. And
13
who owed it to the bank?
14
A. Mr. Stanford.
15
Q. And you mentioned this report. Were you tasked with
16
compiling this report?
17
A. That's correct, because of the multiple different
18
affiliated companies and -- and because of this funding wasn't
19
on a regular basis of. You know, sometimes on a monthly basis,
20
sometimes twice a month. There was a way -- accounting wise,
21
we needed to keep track of the capitalization. Because since
22
these funds were coming on behalf of the shareholder to the
23
different affiliated companies, it was the only way to keep
24
track that all of the different accountants of all the other
25
entities, affiliated entities, that were recording correctly
713.250.5585
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10:45
10:45
these funds that were coming in into their entities as
shareholder funding or capital funding. [sic]
Q. Okay. You said a lot there. I'm going to break up -- and
did you actually do a flow chart that will help show this more
clearly --
A. Yes, sir.
Q. -- how this worked?
8
9
10:46
10:46
10:46
10:46
But first, before we get to that, who directed

you to start compiling this report that would track the amount
10
of money going from the bank to Mr. Stanford and then to his
11
other companies?
12
A. This was Gil Lopez and Mark Kuhrt.
13
Q. Were they your supervisors in the accounting department?
14
A. Supervisors. And direction also by Mr. Davis.
15
Q. And did Mr. Davis say what he was going to do with this
16
report?
17
A. Yes. He would share this information with the shareholder.
18
Q. And the shareholder was?
19
A. Robert Allen Stanford.
20
Q. And you keep calling him "the shareholder." Was that
21
generally what he was referred to as in the accounting
22
department?
23
A. Yes, sir.
24
Q. You said you created a flow chart that showed how this
25
money flowed from the bank to Mr. Stanford's other companies?
713.250.5585
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10:46
1
2
MR. COSTA: Can we go to 320, Page 2?
MR. SCARDINO: No objections. I understand this is
4
10:47
10:47
10:47
10:47
10:48
A. That's correct.
all being offered not for the truth of the matter?
MR. COSTA: No. This is being offered for the truth.
It's a flow chart he created in the course of his work in the
accounting department to show how the money flowed.
MR. SCARDINO: It's demonstrative evidence?
MR. COSTA: No. That's substantive evidence. It was
10
created at the time. This wasn't created recently. He created
11
this --
12
THE COURT: Okay. This was not prepared for trial?
13
MR. COSTA: No.
14
BY MR. COSTA:
15
Q. Did you create this while working in the accounting
16
department?
17
A. This was created in February of 2008.
18
MR. SCARDINO: Okay. I didn't understand.
19
THE COURT: Okay. 320.
20
MR. COSTA: If we can highlight the left-hand side of
21
this.
22
BY MR. COSTA:
23
Q. And what does this flow chart you created show?
24
A. This flow chart reflects the flow of the funds coming from
25
Stanford International Bank on behalf of the shareholder to the
713.250.5585
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10:48
different affiliated companies.
10:48
THE COURT: Well, it says, "Company down south,
Affiliates" -- do we have the whole thing here? I know it
looks like it's larger.
MR. COSTA: Yes, for this portion of the --
BY MR. COSTA:
Q. Is this an accurate and full description of the flow chart?
8
9
10:48
10:48
THE WITNESS: Where it says "From company down south."
11
THE COURT: What does that mean?
12
THE WITNESS: That was a term that Mr. Davis wanted us
13
to include in this flow chart. He didn't want to mention it as
14
SIBL.
15
BY MR. COSTA:
16
Q. But "company down south" is the bank?
17
A. That is correct.
19
THE COURT: That's the bank that you were employed by.
Is that correct?
20
THE WITNESS: No, sir, I was not employed by --
21
THE COURT: You were employed by who? The financial
22
10:49
itself, the starting point?
10
18
10:48
THE COURT: Where is the bank on this, the bank
services?
23
THE WITNESS: Stanford Financial Group Company.
24
THE COURT: Financial Group Company. But this is the
25
bank that we've been talking about, correct? Where is this
713.250.5585
2328
10:49
1
2
THE WITNESS: Antigua, Barbuda.
THE COURT: Okay. So, in other words, that was the
4
10:49
bank situated, just for the record?
bank down on the island, correct?
THE WITNESS: Yes, sir.
THE COURT: Okay.
BY MR. COSTA:
Q. So, I want to walk through this step by step.
9
10:49
10:49
10
10:49
Here in Houston?
11
THE WITNESS: Yes.
12
THE COURT: Okay.
13
BY MR. COSTA:
14
Q. You created this flow chart to show how the funds were
15
flowing?
16
A. That's correct.
17
Q. And at the top it said: Affiliates cash needs funding.
18
10:49
THE COURT: Excuse me. You were stationed where?
What would start this whole process?
19
A. The process will start by the different accountants of the
20
different affiliated companies would request cash needs as
21
needed to the treasury department in Houston.
22
Q. And let's take it -- I think it will be easier if we take
23
an example. Was one of the companies receiving this money that
24
ultimately came from the CD depositors those airlines you
25
talked about, Caribbean Sun and Caribbean Star?
713.250.5585
2329
10:49
10:50
10:50
10:50
10:50
10:50
A. That is correct.
Q. Did they receive significant amounts of money?
A. They did.
Q. So, let's talk about Caribbean Sun. Why would
Caribbean Sun tell treasury it needed money from the
shareholder?
A. The company was not making money, not making any profit;
and they were losing a lot of money every month. And so, to be
able to pay for the operating expenses, payroll, rent, fuel,
10
they needed cash injection to be able to survive.
11
Q. So, someone at Caribbean Sun would notify treasury that
12
they needed money?
13
A. That is correct.
14
Q. Okay. And they were asking for money from the shareholder?
15
A. That is correct.
16
Q. Mr. Stanford?
17
A. Yes, sir.
18
Q. And so, when that request went to treasury -- the next box
19
says, "From company down south," which the judge asked about.
20
That's Stanford International Bank?
21
A. Yes.
22
Q. And you said Mr. Davis wanted it to be called "company down
23
south" on this chart?
24
A. Yes.
25
Q. And so, the money would -- what would happen to money in
713.250.5585
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10:51
10:51
10:51
10:51
10:51
10:52
this Stanford International Bank, in the "company down south"?
Where would it send the money?
A. It would send the money to Stanford Financial Group Global
Management.
Q. And there's an arrow there, the black arrow. It says
shareholder -- "SH funding." What is that "SH"?
A. Shareholder.
Q. And "OBS," what does that stand for?
A. On behalf of the shareholder.
10
Q. So, monies going from the bank to SFG GM -- and what's that
11
company?
12
A. Stanford Financial Group Global Management.
13
Q. When did that company get involved in this process?
14
A. Towards the -- between '07 and '08.
15
Q. Before that, was there another entity that was in that
16
middle role?
17
A. Yes. That was Stanford Financial Group Company in Houston.
18
Q. Other than the change in those company names, did the
19
process basically work the same?
20
A. Basically the same, yes.
21
Q. So, the money would go from the bank to Stanford Financial
22
Group and later SFG GM. Where would that middle company then
23
send the money?
24
A. Then that middle company would distribute. According to
25
the cash need of each affiliated company as they requested,
713.250.5585
2331
10:52
10:52
10:52
10:53
10:53
they will be funding those affiliated companies.
Q. Which was Caribbean Sun, for example?
A. Caribbean Sun will be one of the examples.
Q. So, where would Caribbean Sun fit on your flow chart?
A. It would be on the bottom portion, where it says Stanford
Group of companies affiliated with cash needs, down on the
bottom.
Q. So, the transfer that Caribbean Sun or Star was receiving
would be coming directly from Stanford Financial Group, or the
10
middle company, correct?
11
A. That is correct.
12
Q. It wouldn't even get transferred directly from the bank?
13
A. It would not get transferred directly from the bank.
14
THE COURT: Why not?
15
THE WITNESS: Because since there were multiple --
16
there were multiple requests for funding, there was -- the
17
Stanford Financial Group Global Management Company was a
18
company that was in charge to keep track of all of the funding
19
and how it was distributed to which affiliated company needed
20
it.
21
22
23
10:53
THE COURT: All right. What's the theory of the

government? Okay?
I do this from time to time in a trial. I think
24
I understand; but just to be sure, what's going -- what are you
25
anticipating to show the relevance of all these arrows?
713.250.5585
2332
10:53
10:53
MR. COSTA: That at the end, by 2009, $2 billion had
gone from the bank, the company down south, in Antigua, to
Mr. Stanford's other businesses, which was inconsistent with
all the disclosures made about how the money was invested,
about the financial statements the bank produced, that it had
this money.
7
8
THE COURT: So, what's your theory on the alleged

scheme of this? What is it called?
9
10:53
10:54
10
improperly, stealing it from the depositors for improper
11
purposes and undisclosed purposes.
12
THE COURT: That's the bottom line?
13
MR. COSTA: Yes.
14
THE COURT: Okay. You say that's the violation known
15
16
17
10:54
as?
MR. COSTA: It's a scheme to defraud. He's misleading
the shareholders.
18
THE COURT: Go on.
19
MR. COSTA: And because of that, he didn't have the
20
money to repay the investors and was relying on past
21
deposits --
22
10:54
MR. COSTA: Well, Mr. Stanford was taking this money
THE COURT: Again, ladies and gentlemen, don't assume
23
I'm leaning one way or the other. It's just a matter I want
24
everybody at least to see what globally they're after with all
25
of these arrows.
713.250.5585
2333
10:54
10:54
BY MR. COSTA:
Q. I just want to break this down a little bit more,
Mr. Amadio. The monies came from where? This -- these
billions of dollars, where did it come from?
A. From Stanford International Bank.
6
7
10:54
10:55
10:55
10:55
THE COURT: Is that known as the "company down south"

on this chart?
THE WITNESS: Yes, your Honor.
THE COURT: Okay.
10
BY MR. COSTA:
11
Q. And that's what you said you realized had to be not just
12
Mr. Stanford's profits he claimed in the bank but the money
13
that was actually owed back to depositors?
14
A. That is correct.
15
Q. And you knew that it was depositor money because?
16
A. Because that -- it started to grow, the amount is getting
17
larger and larger, it had -- the conclusion was it had to be
18
deposits money.
19
Q. So, the money went from the bank. And, then, for most of
20
the time period, it was Stanford Financial Group in this middle
21
box. Is that right?
22
A. That is correct.
23
Q. And who was the sole shareholder of Stanford Financial
24
Group?
25
A. Mr. Stanford.
713.250.5585
2334
10:55
10:55
10:56
10:56
10:56
Q. You know what I mean when I put "RAS" on there?
A. Yes, I do.
Q. What does that mean?
A. R. Allen Stanford.
Q. So, the money would go to this middle entity. And from
there, where would the money go?
A. It would be distributed to the different affiliated --
Stanford affiliated companies, as they requested.
THE COURT: Like the airlines?
10
11
BY MR. COSTA:
12
Q. Like the airlines. This may challenge my drawing, but the
13
airlines. What else?
14
THE COURT: What did you do?
15
MR. COSTA: Tried to draw a plane.
16
THE COURT: Oh, you can do better than that.
17
MR. COSTA: I'm not artistically gifted.
18
THE COURT: You're artistically challenged.
19
MR. SCARDINO: I object.
20
THE COURT: Let the record reflect that.
21
MR. SCARDINO: I'll object. That looks like a bug,
22
23
10:56
THE WITNESS: Like the airlines.
Judge.
THE COURT: And it's in red. All right. Go on.
24
BY MR. COSTA:
25
Q. What other company -- just give a few examples -- and we're
713.250.5585
2335
10:56
10:56
going to show your report that lists them all. But was some of
this money going to cricket -- companies that promoted cricket
tournaments?
A. Yes.
Q. I'm not even going to try to draw that.
10:56
10:57
10:57
10:57
What about the Stanford Development Company, did
that receive a lot of the money?
A. Yes.
Q. What did Stanford Development Company do?
10
A. Development and construction of a lot of the facilities and
11
buildings and the bank itself.
12
Q. So, you said from these companies' perspectives -- the
13
airlines, the cricket companies, the development companies, a
14
host of others we're going to see -- they treated it as they
15
were getting funding from the shareholder?
16
A. That is correct.
17
Q. So, it was showing that Mr. Stanford was funding these
18
companies?
19
A. That is correct.
20
Q. But, in fact, where was Mr. Stanford getting the money that
21
was being sent to these companies?
22
A. The money was flowing from SIBL to the shareholder, on
23
behalf of the shareholder, to Stanford Financial Group Company.
24
Q. So, where was it coming from ultimately?
25
A. Ultimately coming from the clients' deposits.
713.250.5585
2336
10:57
10:58
10:58
10:58
10:58
10:59
Q. So, the CD money was going to these things through this
intermediary, basically?
A. Yes.
Q. And you were asked to compile a report that tracked all
that money?
A. Yes, sir.
Q. And that started, you said, in 2005?
A. Towards the end of 2004, 2005, yes.
Q. What data did you use to create your report?
10
A. The information to create the report would come from
11
treasury.
12
Q. From the actual transfers, the bank transfers themselves?
13
A. From the actual wire transfers, yes.
14
Q. How did you get that information from treasury?
15
A. They would provide that information to the accounting
16
department.
17
Q. Who was the treasurer?
18
A. Patricia Maldonado.
19
Q. So, she sent those wires, the information on those wires to
20
you?
21
A. That is correct.
22
Q. How often did you compile your report?
23
A. On a monthly basis.
24
Q. And when you'd finish your report each month, who did you
25
give it to?
713.250.5585
2337
10:59
10:59
10:59
10:59
A. I would provide that report to Mark Kuhrt or Gil Lopez, and
they will send it also to Mr. Davis.
Q. And you were in meetings or discussions with Mr. Davis
about this report over the years?
A. Yes.
Q. And what did Mr. Davis say he was -- whether he was showing
it to anyone?
A. In some of the meetings that showed concern of the amount
of money that was being requested by all the entities and how
10
much money the companies were spending, he would refer that he
11
will talk to the shareholder, he will show this to the
12
shareholder.
13
Q. Who was concerned about how high -- the billions of
14
dollars, how high it was getting, the funding for these other
15
companies from the CD money?
16
17
18
10:59
11:00
MR. SCARDINO: Objection to the form of the question,

leading.
THE COURT: Overruled.
19
BY MR. COSTA:
20
Q. Who was concerned about the amounts of money?
21
A. Well, I was concerned to see how much it was growing and
22
seeing that it was not going to be repaid. But Mr. Davis
23
showed concern as well as the -- Gil and Mark.
24
Q. Did you ever know it was provided to anyone outside of the
25
folks you've already discussed, Mr. Lopez, Mr. Kuhrt, Mr. Davis
713.250.5585
2338
11:00
11:00
and what Mr. Davis said about sharing it with Mr. Stanford,
anyone outside the company?
A. Nobody else. But I do recall that probably the only other
person outside --
MR. SCARDINO: Object to nonresponsive.
THE COURT: Sustained.
11:00
11:00
11:00
11:01
Ask the next question.
BY MR. COSTA:
Q. Are you aware of an accountant outside the company who
10
received the shareholder funding report?
11
A. In one occasion I believe I --
12
THE COURT: The answer is "yes" or "no."
13
THE WITNESS: Yes.
14
THE COURT: Okay.
15
BY MR. COSTA:
16
Q. Who received it that you're aware of?
17
A. It was Harry Failing.
18
Q. Who was Harry Failing?
19
A. He was Mr. Stanford's personal CPA.
20
Q. Didn't work for the company, but a personal CPA for
21
Mr. Stanford?
22
A. Yes.
23
Q. When you say you provided it to Mr. Lopez and Kuhrt, your
24
supervisors in the accounting department, did you e-mail it to
25
them each month?
713.250.5585
2339
11:01
11:01
11:01
11:01
11:02
11:02
A. That was not the normal form of sending it to them, no.
Q. Typically, on a daily basis, though, would you send e-mails
about other things?
A. Yes.
Q. Why didn't you e-mail this shareholder funding report on a
monthly basis?
A. It was instructed by Mr. Davis that he didn't want this to
be e-mailed to him.
Q. Did Mr. Lopez tell you anything about who you could share
10
this shareholder funding report with?
11
A. It was not to be shared with anybody else besides
12
Mr. Davis, Lopez, Mark.
13
Q. Did Mr. Lopez tell you what might happen if you shared it
14
with other people in the accounting department or the company?
15
A. This goes back -- yes. This goes back to a need-to-know
16
basis and that this information should not be seen by anybody
17
else. And if that would have been the case, it would
18
jeopardize my position, my job.
19
Q. That came from Mr. Lopez?
20
A. Yes.
21
Q. And was that particular to the shareholder funding report,
22
the part about jeopardizing your job?
23
A. Yes.
24
Q. You talked earlier, there was general secrecy and a
25
need-to-know basis in the company. But were there any other
713.250.5585
2340
11:02
11:02
11:02
11:03
11:03
11:03
documents that you were told you would be fired if you
disclosed?
A. This was -- in particular, it was this one.
Q. Did there come a time when you were asked -- originally
when you started the shareholder funding report, where did you
save it?
A. This was saved in a network drive.
Q. And that was a computer network that all the employees used
at Stanford Financial?
10
A. Yes.
11
Q. Did there come a time when you were told to move this
12
shareholder funding report and other documents relating to the
13
bank off of the shared drive, the public --
14
A. Yes. In 2006 came a direction from Mr. Davis to remove out
15
of the network drive any documents or information related to
16
the bank, because that was going to be held in the bank and not
17
anymore in Houston.
18
Q. And that included the shareholder funding report?
19
A. Yes, that included the shareholder funding report.
20
Q. And you were told this was because the work was supposed to
21
be done in Antigua for the bank?
22
MR. SCARDINO: Object to the leading question.
23
24
BY MR. COSTA:
25
Q. What was your understanding as to why the documents were
713.250.5585
2341
11:03
11:03
supposed to be taken off the server, the documents relating to
the bank?
A. The instructions were that since this is an offshore
bank --
MR. SCARDINO: Object to the nonresponsive answer.
THE COURT: Need question and answer.
11:03
11:04
11:04
11:04
Answer yes or no. If he asks you for a
narrative, that's okay.
BY MR. COSTA:
10
Q. What were you told about why the bank's documents needed to
11
be moved off the server in Houston?
12
A. Because that information should be held and prepared at the
13
bank in Antigua.
14
Q. So, was the solution to start doing all these documents
15
down in Antigua?
16
A. Yes.
17
Q. Was that actually done?
18
A. Some of them were done, some of them were not done.
19
Q. Did you continue and others in the accounting department,
20
like Mr. Lopez and Kuhrt, continue to do work for the bank out
21
of Houston?
22
A. Yes.
23
Q. What was going to be different about where those documents
24
were saved?
25
A. They were saved in an external drive.
713.250.5585
2342
11:04
11:04
11:05
11:05
11:05
11:06
Q. And what time -- approximately when was -- were you told to
move the documents from the server to the external drive?
A. This was -- I believe it was sometime in 2006.
Q. Were you ever told that around that time in 2006 the
Securities & Exchange Commission had informed Mr. Stanford and
Mr. Davis that there was an investigation underway of the CD
program at Stanford International Bank?
A. No, I did not know.
Q. Were you told that the Stanford Group had hired an outside
10
lawyer to deal with the SEC's investigation into the CD program
11
around 2006?
12
A. No, I did not know.
13
Q. I want to show you what is marked as Government 308. Do
14
you recognize this, Mr. Amadio?
15
A. Yes, I do.
16
Q. What is it?
17
A. This is the external drive that was purchased to move that
18
information from the network drive to the external drive.
19
Q. And when you were told to move the information to this
20
external drive, was there time pressure involved in that?
21
A. Yes, there was.
22
Q. Tell us why -- tell us about the time pressure.
23
A. This needed to be done immediately, based on Mr. Davis'
24
instructions. And the thing is that we didn't do it on those
25
terms. And I was reprimanded for not getting it done on
713.250.5585
2343
11:06
11:06
11:06
11:06
11:07
11:07
time --
THE COURT: The last is unresponsive. Sustained.
BY MR. COSTA:
Q. Did anyone get upset with you for not doing it very
quickly?
A. Yes.
Q. Who was upset with you?
A. Gil Lopez.
10
Q. What did he say?
11
A. That why was this not done. And they purchased an external
12
drive and provided to me.
13
Q. And then you made the transfer?
14
A. Yes, I did.
15
Q. Did someone in the accounting department ever call -- have
16
a nickname for this external drive?
17
A. Yes.
18
Q. What was the nickname?
19
A. The football.
20
Q. Who called it that?
21
A. Rolando Roca called it that.
22
Q. Who was Mr. Roca?
23
A. Roca was a budget accountant in charge of the budgets.
24
Q. Do you know why he called this external drive the football?
25
A. I will only guess the reason why he called it is because
713.250.5585
2344
11:07
11:07
11:07
11:08
of --
MR. SCARDINO: I object to the guessing.
BY MR. COSTA:
Q. Would you carry this around the office on occasion?
A. Yes.
Q. And how did you carry it around the office?
A. I carried it in my laptop bag.
Q. And you said this whole issue of the money going from the
10
bank to these other companies ultimately, like the airlines,
11
like the cricket companies, that would start with a request
12
from the airline for -- asking for more funding?
13
A. Yes.
14
Q. Who would typically approve those funding requests?
15
A. Typically they will be approved by Mr. Davis.
16
Q. Were there some occasions when Mr. Stanford was included on
17
those e-mails?
18
A. There was some occasions, yes.
19
11:09
11:09
MR. COSTA: We can go to Government 313.
20
BY MR. COSTA:
21
Q. This is an e-mail chain; so it would start at the end,
22
correct, Mr. Amadio?
23
A. Yes.
24
Q. What's the date on this e-mail?
25
THE COURT: What are you talking about, the first one?
713.250.5585
2345
11:09
11:09
BY MR. COSTA:
Q. The one on the top, what's the date on that one?
A. March 10th of 2008.
Q. And it's from Patricia Maldonado to whom?
A. To Allen Stanford.
Q. Remind the jury who Ms. Maldonado was.
A. Treasury manager.
8
9
11:09
e-mail in this chain.
10
BY MR. COSTA:
11
Q. The first e-mail at the bottom, that's on March 4 from
12
Ms. Maldonado, the treasurer, to Mr. Stanford. Who's copied on
13
that e-mail?
14
11:09
MR. COSTA: If we can go to the second page, the first
15
THE COURT: I tell you what, move that chart a little

bit -- well, let me ask.
16
17
18
11:10
11:10
Can the jury see the whole chart, or is it

blocked a little bit?
MR. COSTA: All right. Is that better, your Honor? I
19
would rather hide my airplane drawings.
20
21
BY MR. COSTA:
22
Q. What's the last -- the e-mail at the bottom?
23
A. You asking who was copied?
24
Q. Well, who was copied on it?
25
A. James Davis, Mark Kuhrt, myself, Gil Lopez.
713.250.5585
2346
11:10
11:10
11:10
11:11
11:11
11:11
Q. And this is in March 4th, 2008. The subject is, "Funds
request for Star and Sun." What are Star and Sun?
A. The Caribbean airlines.
Q. What was going on with the airlines at this point in March
2008?
A. At this time, the airlines had lost significantly a lot of
money and they were in need of additional capital funding to
continue operating.
Q. Was Mr. Davis expressing concern about the amount of money
10
that the airlines were needing to take from the bank?
11
A. Yes, he was.
12
Q. Do you know why Mr. Stanford was included in this funding
13
request?
14
A. In context, what Mr. Davis --
15
16
17
BY MR. COSTA:
18
Q. Do you know why?
19
A. Yes.
20
Q. (Indicating)
21
A. Mr. Davis was concerned of how much money these airlines
22
already were funded and how much money they were losing, that
23
he wanted Mr. Stanford to be aware or conscious of the
24
additional funding needs that these airlines needed.
25
THE COURT: Well, at this time were the airlines going
713.250.5585
2347
11:11
out of business? It says shut down of the two airlines.
THE WITNESS: Shortly after this, yes.
THE COURT: Oh, this was in -- when they say "shut
4
11:11
11:11
11:12
11:12
11:12
down," the anticipated shutdown?
THE WITNESS: Yes. This was close to that.
THE COURT: Okay.
BY MR. COSTA:
Q. During these discussions you said Mr. Davis was concerned
about the money going to these airlines. The discussions you
10
participated in with Mr. Davis about this money, the billions
11
going from the depositors to the other companies, did Mr. Davis
12
ever say: This is a great thing. Let's keep pumping more
13
money into these companies?
14
MR. SCARDINO: I object to the form of the question.
15
16
THE WITNESS: He was concerned --
17
THE COURT: Hold it. That's a yes-or-no. I'm sorry.
18
BY MR. COSTA:
19
Q. Did he ever say: This is great. Let's keep putting more
20
into these companies. It's a good thing?
21
A. No. He never said that.
22
Q. So, he was concerned about the airline money; and that's
23
why Mr. Stanford was copied on this particular funding request?
24
A. Yes.
25
Q. And so, what is Ms. Maldonado asking Mr. Stanford?
713.250.5585
2348
11:12
11:12
11:12
A. Is to get approval to fund the airlines.
Q. And how much is requested to fund the airlines?
A. $5 million.
Q. And it breaks it down, 1.7 million for Caribbean Sun, 3.1
for Caribbean Star?
A. That is correct.
Q. And where would this funding be coming from?
A. This will be coming from Stanford International Bank.
Q. The "company down south"?
10
A. Yes, sir.
11
Q. The CD depositors' money?
12
A. That's correct.
13
MR. COSTA: Can we move up to the next e-mail?
14
11:13
15
And we would like to go to the first page to see

who this is --
16
11:13
11:13
Go to the first page, to see who it's sent to.
17
The first page is on the second page.
18
BY MR. COSTA:
19
Q. Is this another e-mail on March 6, 2008, from Maldonado to
20
Stanford?
21
A. Yes, it is.
22
Q. With the same folks in the accounting department copied?
23
A. Yes.
24
Q. And also Kye Walker on this one?
25
A. Yes, sir.
713.250.5585
2349
11:13
Q. Okay. And now if we can go and see what Ms. Maldonado is
saying in this second e-mail to Mr. Stanford.
11:13
11:14
11:14
11:14
Can you read that, please?
A. "Following up, may we have your approval to disburse funds
on behalf of the shareholder to Sun, 1.7 million, and Star,
3.1 million? Among other obligations, we are withholding
payments to employees' reimbursements, which we would like to
resolve as soon as possible."
Q. So, what does Ms. Maldonado say? Where is this
10
$4.8 million going? What type of expenses is it going towards?
11
A. It's to pay employees for their reimbursements in payroll.
12
Q. Money that the airlines owed to these employees?
13
A. That is correct.
14
Q. It's not going to some big investment to expand the airline
15
or anything like that?
16
A. No.
17
Q. Was that the typical type of expenses that this money that
18
was going to the airlines from the CD depositors was being used
19
for, these daily operating expenses?
20
A. Yes.
21
11:14
MR. COSTA: Go back to the first e-mail, at the bottom
22
there.
23
BY MR. COSTA:
24
Q. What does she say at the end in the first e-mail, the last
25
sentence, "May we have" --
713.250.5585
2350
11:15
A. May we have your approval to fund this week."
11:15
11:15
11:15
11:16
11:16
MR. COSTA: Now, if we can go back to the first page.
And the top e-mail.
BY MR. COSTA:
Q. How often were these requests coming from the airlines and
other companies for money that was ultimately coming from the
CD depositors?
A. At least twice a month.
Q. And what does this e-mail say to Mr. Stanford?
10
A. "Mr. Stanford, Skip advised me that he provided you an
11
explanation of the cash needs for the airlines via e-mail. Is
12
it okay for us to proceed with funding? As usual, we will only
13
fund accounts with sufficient funds to pay current invoices
14
presented."
15
Q. Did this funding request for Caribbean Star and Sun get
16
approved?
17
A. Yes, it did.
18
Q. And that money was sent from the bank to the airlines?
19
A. Yes.
20
Q. Through that middle entity?
21
A. That is correct.
22
Q. Mr. Amadio, I now want to show you 331A, 331B, 331C, and
23
332C. And I think -- ask if you recognize those?
24
THE COURT: Again, the numbers: 331A, B, and C?
25
MR. COSTA: Correct.
713.250.5585
2351
11:16
11:17
11:17
11:17
11:17
11:17
THE COURT: And it's 332C?
MR. COSTA: Correct.
MR. SCARDINO: May I have just a moment to look --
THE COURT: Yes, sir.
BY MR. COSTA:
Q. Have you had chance to look at those four documents?
A. Yes, I did.
Q. Do you recognize them?
A. Yes, I do.
10
Q. What are they?
11
A. These are the shareholder funding report produced every
12
month.
13
Q. You produced them every month. Are those for year end?
14
A. That is correct.
15
Q. What type of program, computer program, did you use to
16
produce these reports?
17
A. These are Excel spreadsheets.
18
Q. And was it a normal course of your job duties at Stanford
19
Financial to produce this report?
20
A. Yes, it was.
21
Q. You did it every month?
22
A. Every month.
23
Q. And was it -- did you -- did the company keep those records
24
in the ordinary course of business?
25
A. This was kept in the external drive.
713.250.5585
2352
11:17
11:18
11:18
Q. And where did the data come from that you used to create
those reports?
A. The data came from the wire transfers, the daily cash
reports coming from treasury; and this report then will match
with the financials of the companies.
Q. These were the reports you were told if you disclosed to
any people outside that small group you could jeopardize your
job?
A. That's correct.
10
Q. I want to show you 331C.
11
12
MR. COSTA: We can switch, your Honor, to the Elmo

because these are very small numbers.
13
11:18
11:19
11:19
THE COURT: Hang on one second.
14
BY MR. COSTA:
15
Q. What's the title of this document, Mr. Amadio?
16
A. "Shareholder funding, assumption of debt, and notes payable
17
account."
18
Q. And this is for the end of December 2007, the final year's
19
report?
20
A. That is correct.
21
Q. In the left-hand column, what is the list of names in the
22
left-hand column?
23
A. That's the list of every single Stanford affiliated entity.
24
Q. And did you group them into separate categories?
25
A. They were grouped by regions.
713.250.5585
2353
11:19
11:19
11:19
11:20
11:20
11:20
Q. And so, let's take the very first one there, Stanford
Financial Group Company. Is that who you worked for?
A. Yes, I did.
Q. And did you first have the total amount that had gone -- is
this showing the amounts, the bottom half of this chart, that
Mr. Stanford was funding, the various companies, like Stanford
Financial Group?
A. No.
Q. What's it showing?
10
A. That's showing how much was directly funded to Stanford
11
Financial Group Company, not going to all the other affiliated
12
companies.
13
Q. Right. But for Stanford Financial Group, it's showing how
14
much came from where, ultimately?
15
A. From SIB.
16
Q. And in the first column, is that the number for the
17
preceding years, 2004 through 2006?
18
A. That is correct.
19
Q. So, in those years how much went from the CD depositors'
20
money to Stanford Financial Group Company?
21
A. 215,458,249.
22
Q. And then going across, are you tracking 7 million for 2007?
23
A. That 7 million was -- was already dropped down to pay it in
24
capital, yes.
25
Q. And let's talk about this. This money, when it ended up
713.250.5585
2354
11:20
11:21
11:21
11:21
11:21
11:22
going to a company like Stanford Financial Group from the bank,
how did you initially -- how did the accounting department
initially treat that money on Stanford Financial Group's books?
A. Every company of Stanford Financial Group would record that
money coming on behalf of the shareholder as a notes payable to
the shareholder.
Q. What's a non-accounting term for "note payable"?
A. It's a debt that the company has to its owner.
Q. To Mr. Stanford. And where was Mr. Stanford getting the
10
money from?
11
12
Q. Were the companies like Stanford Financial or Caribbean Sun
13
or the cricket companies, were they typically able to pay that
14
money back to Mr. Stanford so that he could repay the bank?
15
A. No, none of that was paid back to Mr. Stanford.
16
Q. What about to the bank?
17
A. Or to the bank.
18
Q. And if it wasn't paid back within a certain time period,
19
would you change the accounting treatment of that money that
20
was going into these companies?
21
A. Yes. We would ask for approval from Mr. Davis to drop down
22
whatever was in -- as a notes payable, a debt to the
23
shareholder, to treat it as a capital infusion, or capital --
24
capitalized to that company.
25
Q. From the shareholder to the airline or to the cricket
713.250.5585
2355
11:22
11:22
11:22
11:23
11:23
11:23
company or to Stanford Financial Group?
A. That's correct.
Q. That describes the bottom portion of this relationship, how
it was treated, correct?
A. Yes.
Q. What about how it was treated on the top half? When the
money went from the bank to Mr. Stanford, how was that treated,
from an accounting perspective?
A. It was a passthrough. It was still put into notes payable
10
where -- the entity that was in charge of distributing the
11
funds to all the affiliated companies would leave it
12
temporarily into a notes payable. And then, as it was funded
13
to the other entity, it was taken out of that notes payable and
14
then put into notes payable into the different entity that now
15
owed to the shareholder.
16
Q. But in terms of when this would happen, who's still -- was
17
the bank depositors, were they still owed money by Mr. Stanford
18
for this transaction?
19
A. Say that again.
20
Q. Was the money -- who ultimately was the money owed back to?
21
A. It was owed back to the bank, Stanford International Bank.
22
Q. You mentioned that Mr. Davis would approve when the -- when
23
these companies like Caribbean Sun couldn't pay back the money,
24
that it would be dropped down into a different accounting
25
treatment?
713.250.5585
2356
11:23
A. That is correct.
Q. And you said Mr. Davis was involved in approving that?
A. Yes, sir.
4
11:23
11:24
11:24
11:24
11:24
MR. COSTA: Can we show government 305?
We'll have to switch back to the computer, your
Honor.
BY MR. COSTA:
Q. Do you recognize this e-mail, Mr. Amadio?
A. Yes, I do.
10
MR. COSTA: We can go back to the whole document,
11
please.
12
BY MR. COSTA:
13
Q. Did you ultimately receive an e-mail from Mr. Kuhrt?
14
A. Yes.
15
MR. COSTA: Okay. And if we can look at the bottom
16
portion.
17
BY MR. COSTA:
18
Q. Mr. Lopez is sending Mr. Davis an e-mail?
19
A. Yes.
20
Q. And what's the subject?
21
A. "Shareholder funding."
22
Q. And what is Mr. Lopez asking Mr. Davis for?
23
A. For approval so that the shareholder funding in the amount
24
of $95 million would -- that was in the notes payable to be
25
dropped down to capital.
713.250.5585
2357
11:24
11:25
Q. This is the situation you explained when a company couldn't
repay the money -- which you said was pretty much always the
case?
A. That's correct.
Q. -- that it would no longer owe a debt to Mr. Stanford, it
would just be viewed as Mr. Stanford's --
MR. SCARDINO: Object to leading.
THE COURT: All right. Overruled.
9
11:25
10
Q. It would just be viewed as Mr. Stanford's investment in the
11
company, capital into the company?
12
A. That's correct.
13
Q. And so, Gil is saying: Jim, we need approval.
14
11:25
11:25
11:25
BY MR. COSTA:
MR. COSTA: If we can scroll up to the next e-mail.
15
BY MR. COSTA:
16
Q. Who's copied on this e-mail?
17
A. Stanford -- Allen Stanford.
18
Q. And what is Mr. Davis telling Mr. Lopez in this e-mail in
19
which he copies Mr. Stanford?
20
A. That there's no other option, there was not going to be
21
repayment and that it was approved to drop -- whatever was on
22
the notes payable owed to the shareholder, to drop it as
23
capital now, capital infusion.
24
Q. And he says -- what does he say? "I approve"?
25
A. "No other option, Gil. I approve based upon instructions
713.250.5585
2358
11:25
11:26
from the shareholder."
Q. And who is the shareholder?
A. Allen Stanford.
Q. And he's copied on this e-mail?
A. Yes, sir.
11:26
11:26
11:26
11:27
MR. COSTA: We can go back to the Elmo, your Honor.
BY MR. COSTA:
Q. I want to go back to the 2007 report. And let's look at
the airline since we've talked a good bit about them. Did you
10
group the airlines together?
11
A. Yes, I did.
12
Q. Now, when we talk about -- do these include Mr. Stanford's
13
private jets?
14
A. No.
15
Q. Did those get some of this money from -- the private jets
16
get some of the money from the bank?
17
A. Yes.
18
Q. Where would that be included on this report?
19
A. That would be under Stanford Financial Group Company, the
20
one on the top.
21
Q. The top. And that included the private jet expenses?
22
A. That was -- correct. That was the parent company of the --
23
Stanford Aviation's corporate jets' companies.
24
Q. Were the private jets getting a good bit of money from the
25
CD depositors?
713.250.5585
2359
11:27
11:27
A. Yes.
Q. Do you recall ballpark how much in a given year?
A. Towards the end, in 2007-2008, it was an accumulated
over -- close to over $30 million.
Q. From the CD depositors to pay expenses related to the
private jets?
A. That's correct.
8
9
11:27
11:27
11:28
11:28
10
THE COURT: Just the expenses, not the purchase of the

plane?
THE WITNESS: That's correct, expenses.
11
BY MR. COSTA:
12
Q. Paying for pilots, fuel, things like that?
13
A. Pilot, fuels, the hangars.
14
Q. So let's look at these airlines. You said these aren't the
15
private jets. These were the commercial airlines companies
16
Mr. Stanford owned?
17
A. Correct.
18
Q. So, Caribbean Sun, how much money had it taken from the CD
19
depositors from 2004 through 2006?
20
A. 123,727,393.
21
Q. And then it shows additional amounts, and did you come up
22
with a total balance up to that date?
23
A. At the end of 2007 it was -- yes.
24
Q. And how much was it?
25
A. 125,842,515.
713.250.5585
2360
11:28
11:28
11:28
11:29
11:29
11:29
Q. And if we look at the next company, Caribbean Star -- do
you know what the difference was between Sun and Star?
A. One had a license to fly into San Juan, Puerto Rico, which
was Sun. Star can only fly between the Caribbean islands.
Q. Star couldn't go into the United States and Puerto Rico?
A. That's correct.
Q. And Star, by the end of 2007, had taken how much money out
of the bank?
A. 143,911,681.
10
Q. And all these airline expenses, does that maroon bar give
11
the total for how much the airlines in total had taken out of
12
Stanford International Bank?
13
A. Yes.
14
Q. How much?
15
A. 330,994,121.
16
Q. Looking through these other companies, the Caribbean
17
category, the first one listed is Stanford Development Company,
18
Limited. What did that company do?
19
A. That was the development construction company down in
20
Antigua.
21
Q. It was doing a lot of construction projects down in
22
Antigua?
23
A. Yes.
24
Q. What types of projects did it build down there?
25
A. It built the bank; it built Sticky Wicket, which is a
713.250.5585
2361
11:29
11:30
11:30
11:30
11:30
11:31
restaurant; the cricket field.
Q. Does that just include the construction costs, or were some
of those companies being run -- like Sticky Wicket -- being run
through the development company?
A. That also includes the Sticky Wicket, which is a
restaurant, because it was the -- Stanford Development Company
was the parent company of that.
Q. What type of restaurant was the Sticky Wicket?
A. Like a sports bar type of restaurant.
10
Q. What would you compare the food to, something that we might
11
have in Houston?
12
A. Chili's maybe.
13
Q. And that Sticky Wicket restaurant, do you recall
14
approximately how much money it was taking out of the bank to
15
keep its operations afloat?
16
A. Yes. Approximately about 20 -- $20 million accumulated
17
over the years.
18
Q. For the Sticky Wicket?
19
A. Yes.
20
Q. With the food like at Chili's?
21
A. Yes.
22
Q. And so, the development company, 290 million prior to this
23
year. By the end of 2007, how much money had the development
24
corporation taken out of Stanford International Bank?
25
A. 346,472,065.
713.250.5585
2362
11:31
11:31
Q. Did you know Arnold Knoche?
A. I met him a couple of times, yes.
Q. Do you know what his position was when he worked for
Stanford?
A. I believe he was the president of Stanford Development
Company down in the US, the US company.
7
8
THE COURT: Counsel, why don't we take a break at this

time?
9
11:31
10
Let me see the attorneys over here just for a

moment.
11
12
13
It's now 11:30. We'll take a 15-minute break,

then go on right to 1:00 o'clock.
(Recess was taken)
14
11:50
11:51
11:52
15
THE COURT: Call the jury in, please.

(Jury present)
16
THE COURT: Thank you. Be seated.
17
Go right ahead, please.
18
MR. COSTA: Thank you, your Honor.
19
BY MR. COSTA:
20
Q. Mr. Amadio, do you remember right before the break we were
21
talking about the Sticky Wicket?
22
A. Yes.
23
Q. Have you eaten there?
24
A. Yes, I did.
25
Q. I'm going to show you Government 1530 -- it's already been
713.250.5585
2363
11:52
11:52
11:52
11:53
referenced -- Page 3. Do you recognize that?
A. Yes.
Q. And that's the restaurant that you talked about. How much
money did it receive from the bank?
Q. How much approximately?
A. 20, 25 million dollars.
Q. Let's go back to 331C, which was your report for the end of
December 2007. And we were looking at Stanford Development
10
Company. And you said the Sticky Wicket was part of that --
11
was under that company?
12
A. That is correct.
13
Q. So, that 20 plus million was included in the 346 million
14
that went from the bank to that entity?
15
A. That is correct.
16
Q. Let's look next on that list under the Caribbean category:
17
Sun Printing & Publishing. Do you know what that company is?
18
A. Yeah, that was the local Antiguan newspaper.
19
11:53
11:53
20
THE COURT: Pull that mike in just a little bit, sir,

just a little bit. You can pull it in. Yeah.
21
THE WITNESS: There we go.
22
THE COURT: Yeah.
23
BY MR. COSTA:
24
Q. Who owned that Antiguan newspaper?
25
A. That was owned by R. Allen Stanford.
713.250.5585
2364
11:53
11:53
Q. Who owned all the companies listed on this sheet?
Q. Jim Davis, was he the sole shareholder or any shareholder
of any of these companies?
A. No, he wasn't.
6
7
8
9
11:53
11:54
THE WITNESS: No, nobody else.

BY MR. COSTA:
Q. And the Sun Printing & Publishing, the newspaper, at the
11
end of 2007 had over $11 million in CD depositors' money?
12
A. That is correct.
13
Q. The next company listed is Stanford Eagle. What is
14
Stanford Eagle?
15
A. That was the entity that had ownership of the operations of
16
the vessels and the boats.
17
Q. What do you mean by a vessel?
18
A. The yachts, Mr. Stanford's yachts.
20
21
11:54
your knowledge?
10
19
11:54
THE COURT: Anybody else a shareholder of anything to
THE COURT: How many were there, to the best of your

recollection?
THE WITNESS: I think there were three or four.
22
BY MR. COSTA:
23
Q. And so, the purpose of this company was to maintain and pay
24
expenses for those yachts?
25
713.250.5585
2365
11:54
11:54
11:55
11:55
11:55
11:56
Q. And Stanford Eagle, the third one listed, by the end of
2007, how much CD depositor money had gone to that?
A. 18,971,188.
Q. Next on the list is Stanford 20/20, Limited. What was that
company?
A. That company was formed for the cricket tournament, the
20/20 cricket.
Q. Is 20/20 a type of cricket?
A. Yes.
10
Q. And if we go across, by the end of 2007, how much money had
11
gone to that Stanford 20/20 cricket company?
12
A. 21,443,135.
13
Q. Was there also another cricket entity Mr. Stanford had?
14
A. Yes, I believe there was another one.
15
Q. If we look under Global, what is Stanford 20/20, LLC?
16
A. It was another entity, but it was not Antiguan based. It
17
was more US Virgin Island, I believe it was.
18
Q. Incorporated somewhere different than Antigua?
19
A. Incorporated somewhere else, yes.
20
Q. What was its function, though?
21
A. I think it had a similar function, a mirror function,
22
different -- different locations.
23
Q. And what was that function?
24
A. I believe it was to oversee all of the 20/20 cricket
25
tournaments.
713.250.5585
2366
11:56
11:56
Q. And by the end of 2007, how much money did this other
cricket company have from the CD depositors?
A. About 7,703,701.
Q. So, that's 7.7. The other cricket company was 21. If you
add that up, what do you get at the end of 2007 for cricket?
A. About $29 million.
11:57
11:57
11:57
11:58
MR. COSTA: I want to go to Government 322. This has
not been referenced yet, Judge; but this is one they did not
object to.
10
BY MR. COSTA:
11
Q. Do you recognize this, Mr. Amadio?
12
A. Yes. Yes, I do.
13
Q. Is it a magazine or program?
14
A. Yes, it's a magazine.
15
Q. For what?
16
A. For the 2006 -- this was the cricket tournament.
17
Q. That was -- which entity sponsored it?
18
A. Stanford 20/20.
19
Q. If we turn to Page 56 in that cricket program, is this an
20
advertisement?
21
A. Yes, it is.
22
Q. What is the picture of? What's it say in the caption?
23
A. It's a picture of the airplane advertising the 20/20,
24
Stanford 20/20 tournament.
25
Q. Which company's airplane?
713.250.5585
2367
11:58
11:58
11:58
11:59
11:59
11:59
A. Caribbean Star aircraft.
Q. And then it says "Flyin' High," and can you read that
advertisement?
A. "As if spending 2.75 million to market and promote the
Stanford 20/20 tournament on radio, television, newspaper, and
billboards was not enough, Allen Stanford decided that he
needed to take the 20/20 cricket gospel on the road. Well,
actually the skies. Enter Caribbean Star Airlines and
Caribbean Sun Airlines, the official airlines of the Stanford
10
20/20 tournament and owned by Allen Stanford himself."
11
Q. Did there come a time when you learned about a very large
12
prize Mr. Stanford was offering at one of these cricket
13
tournaments?
14
A. Yes. Yes, I did.
15
Q. Do you remember the amount of that prize?
16
A. It was $20 million.
17
THE COURT: To what? To the winning team?
18
THE WITNESS: Yes.
19
THE COURT: Okay.
20
BY MR. COSTA:
21
Q. Did you see a picture of Mr. Stanford at that tournament?
22
A. Yes, I did.
23
Q. I'm going to show you what's in evidence as
24
Government's 322A. Do you recognize that photo, Mr. Amadio?
25
A. Yes, I do.
713.250.5585
2368
11:59
11:59
12:00
Q. Do you see Mr. Stanford in it?
A. Yes.
Q. Where is he?
A. He's standing on the right side.
Q. And what's that big glass case?
A. That's where all the $20 million was held.
Q. And that tournament was promoted by these Stanford 20/20
entities?
A. Yes.
10
11
12:00
representation that the money came from the CD depositors.
13
This witness has not established all of the money used to fund
14
these companies came from the bank.
15
THE COURT: Your response?
16
MR. COSTA: I think he has. I'm happy to ask him
18
again to explain.
THE COURT: Well, let's put it this way. If you
19
disagree, sir, with the prosecutor's characterization "coming
20
from depositors' money" -- okay -- you need to say so, because
21
you were there. Okay?
22
23
24
12:00
MR. SCARDINO: I'll object to the continuous
12
17
12:00
Q. That were getting money from the CD depositors?
25
To that extent, I'll sustain the objection.

Otherwise, he may use the phraseology.
But if you disagree with the phraseology, you
need to let everybody know. Okay? Because you're under oath.
713.250.5585
2369
12:00
12:00
THE WITNESS: I don't disagree.
THE COURT: Okay. Well, again, we'll go question by
question. We haven't heard all the questions yet, you know.
That's what I meant.
All right. To that extent -- so, the objection,
just like the Circuit sometimes says, affirmed in part and
reversed in part. We've all been on the receiving end of
those.
9
12:01
12:01
12:01
12:01
Go right ahead.
10
MR. COSTA: Thank you, Judge.
11
BY MR. COSTA:
12
Q. That report you compiled that we were just looking at shows
13
how much money was going from the bank to the cricket
14
companies, correct?
15
A. That's correct.
16
Q. And I think we totaled it up. It was about 27 million at
17
the end of 2007?
18
A. 29 million.
19
Q. 29 million? Was there more money in 2008 going to the
20
cricket companies?
21
A. I believe so. I don't specifically remember the amounts.
22
Q. We have the document, right? We can look?
23
A. Yes.
24
Q. Is there any doubt that the money listed on that
25
spreadsheet you tracked came from Stanford International Bank?
713.250.5585
2370
12:01
12:01
12:02
12:02
12:02
12:03
A. There's no doubt that those amounts came from Stanford
International Bank.
Q. It's based on wire transfers you had access to from the
bank?
A. Those are wire transfers that were provided by treasury
department.
Q. And I'll ask again in light of the objection. How do you
know that all this money -- well, let's look in 2007. Let's
just total it up. By 2005, how much had gone to the bank --
10
from the bank to all these companies owned solely by
11
Mr. Stanford?
12
A. $1.6 billion.
13
Q. And how do you know that's not just the profits he had in
14
the bank?
15
A. The combined profits of the bank were not enough to cover
16
the 1.6 billion.
17
Q. Was it even close?
18
A. No.
19
Q. Let's look at just a few more of these entities. Under
20
Latin America, it says Torre Senza Nome. How would you say
21
that?
22
A. "Torre Senza Nome."
23
Q. 21 million in previous years, and that was still the total
24
in 2007. What was that?
25
A. That was the purchase of the building in Venezuela for the
713.250.5585
2371
12:03
12:03
12:04
12:04
12:04
advisory company in Venezuela and to form also the bank in
Venezuela as well.
Q. I now want to go to 332C and ask if you recognize this,
Mr. Amadio. This one is in black and white, but what time
period is this? Is it the same type of report we were just
looking at?
A. Yes, it is.
Q. For what period?
A. December of 2008.
10
Q. So, the end of 2008?
11
A. Yes.
12
Q. And so, looking just at the cricket company -- one of the
13
cricket companies, it shows 21.4 from prior years. Is that
14
correct?
15
A. That's correct.
16
Q. And then more money going in during 2008. So, what was the
17
total by the end of 2008 for one of the cricket companies?
18
A. 23,971,767.
19
Q. Was the money going to the cricket tournaments and when
20
Mr. Stanford offered this 20 million-dollar prize in a glass
21
case, was that a concern among the accounting department?
22
23
24
12:04
25
MR. SCARDINO: Object to whether or not he had

knowledge of the concern of others.
THE COURT: All right. Lay some more predicate.
BY MR. COSTA:
713.250.5585
2372
12:04
12:04
12:05
Q. Did Mr. Davis say he was concerned about the money going to
the cricket companies?
A. He made a comment of the amount -- the size of the amount
of the 20 million.
Q. What did Mr. Davis say?
A. He expressed again his concern and his -- you know, that
this was a decision from the shareholder to have that size of
an amount to be offered as part of the tournament.
Q. Mr. Davis wasn't thrilled that all this money was going to
10
11
12
13
12:05
12:05
12:05
the cricket tournaments, from your discussions with him?

MR. SCARDINO: Object to leading and the form of the
question.
14
BY MR. COSTA:
15
Q. Was Mr. Davis, did he express that he was happy or unhappy
16
with all the money going to the cricket companies?
17
A. He was not happy.
18
Q. What about the -- we discussed the airlines, Caribbean Sun
19
and Caribbean Star, that received over 300 million -- is that
20
right -- from the bank?
21
A. That is correct.
22
Q. What was Mr. Davis' view on Caribbean Sun and Caribbean
23
Star receiving so much money?
24
A. His views were similar -- were showing concern of the
25
amount of money that continued to be funded to these entities
713.250.5585
2373
12:06
12:06
12:06
12:06
that were losing money and not making any money.
Q. Did he want to shut down Caribbean Sun and Caribbean Star?
A. That's -- those were the initial talks, yes.
Q. And was Mr. Davis -- when he wanted to shut down
Caribbean Sun and Caribbean Star, was he able to make that
happen immediately?
A. No.
Q. Why not?
A. Any decision, it was -- had to be run by Mr. Stanford to
10
make the final decision and approval to -- to deal with the
11
selling of any of his entities.
12
Q. And were the airlines finally shut down or sold?
13
A. In 2008, I believe they were shut down and sold.
14
Q. But Mr. Davis couldn't make that decision on his own?
15
A. No.
16
17
18
19
12:07
12:07
THE COURT: Do they have other airlines flying those

routes now, do you know?
THE WITNESS: Antigua had an airline owned by the
government, I think, part owned by the government.
20
THE COURT: Well, which government?
21
THE WITNESS: Antigua, Barbuda.
22
THE COURT: Okay. They had their own airlines because
23
there are some airlines, aren't there, flying right through the
24
chain of islands? Or not necessarily?
25
THE WITNESS: Your Honor, I don't know specifically.
713.250.5585
2374
12:07
12:07
12:07
BY MR. COSTA:
Q. I think part of the question may have been: Were
Caribbean Sun and Star just bought by someone else and those
companies are still up and running under someone else's
ownership?
A. They're not up and running by another ownership.
Q. In 2008, the year end, what was the total at the end of the
year 2008 in money that had gone from the bank to all of these
companies owned by Mr. Stanford?
10
11
12:08
12:08
12:08
A. $2 billion -- two billion thirty-four million sixty-five.

MR. COSTA: Your Honor, if we can go back to the
12
computer, please.
13
BY MR. COSTA:
14
Q. Have you reviewed this bar graph, Mr. Amadio?
15
A. Yes, I have.
16
Q. And did you compare it to the reports you had compiled
17
while working at the Stanford accounting department?
18
A. Yes, I did.
19
Q. And are those totals -- do those track the year end totals
20
for how much money had gone from the bank to Stanford's
21
companies?
22
A. Yes, it does.
23
Q. Looking at that, can you tell how much additional money
24
went in during 2008?
25
A. About 400 million.
713.250.5585
2375
12:08
12:09
12:09
12:09
12:10
12:10
Q. Just in 2008?
A. Yes.
Q. Was the growth of this money being taken out of the bank by
Mr. Stanford, was that a concern?
A. Yes, it was.
Q. Why?
A. As it continued to grow, the balance of this shareholder
funding, the concern was that it was ever going to be paid
back.
10
Q. Did Mr. Davis ever say anything in your discussions with
11
him that added to those concerns about the growth of this money
12
to $2 billion and whether it would be repaid?
13
A. Can you rephrase the question again? Sorry.
14
Q. Did Mr. Davis ever say anything that made you doubt that
15
this money was going to be repaid, anything about Mr. Stanford?
16
A. It was never mentioned that it was ever going to be repaid.
17
Q. Was there a comment Mr. Davis made in meetings that added
18
to your concerns?
19
A. Yes. In discussion, not only directly related to the
20
shareholder funding report, there was a discussion on the whole
21
budget of all the companies and how much money that was being
22
spent and the concern of this growing funding need. Mr. Davis
23
made a comment regarding Mr. Stanford --
24
MR. SCARDINO: Objection, nonresponsive.
25
THE COURT: Sustained. Just go question and answer.
713.250.5585
2376
12:10
12:10
12:10
12:10
12:11
12:11
BY MR. COSTA:
Q. Let me back up. Were there also concerns generally about
the budget and how much money was being spent?
A. Yes.
Q. Was Mr. Davis concerned about how much money was being
spent?
A. Yes.
Q. Were you concerned?
A. Yes, I was.
10
Q. So, Mr. Davis wasn't saying: It's great that Mr. Stanford
11
is spending all this money?
12
A. No, he never said that it was great.
13
Q. And in the context of that discussion about the budget and
14
costs and being concerned about how much was being spent, did
15
Mr. Davis say something that added to your concerns about the
16
bank?
17
A. Yes.
18
Q. What did he say?
19
A. He made a comment that, "The emperor has no more
20
clothes -- no clothes."
21
Q. Who was the emperor?
22
A. He was referring to Mr. Stanford.
23
Q. And what did you take it to mean when Mr. Davis said, "The
24
emperor has no clothes"?
25
A. I interpreted that that there is -- Mr. Stanford didn't
713.250.5585
2377
12:11
12:11
12:12
12:12
12:12
12:12
have any money to cover for this debt, nor the companies had
any money to pay back this debt, or the bank had anymore money
to be able to fund -- continue to fund the companies.
Q. "This emperor has no clothes" comment from Mr. Davis, did
he just say that once, that you recall?
A. He said it more than once.
Q. What time period?
A. This was in 2008 and, prior to that, in 2007.
Q. And so, all of this money that had been taken out of the
10
bank to fund these other companies, who owed that back to the
11
bank?
12
A. Allen Stanford.
13
Q. And in the early years, when you were -- did you see notes
14
from earlier years memorializing or documenting those loans
15
from the bank to Mr. Stanford?
16
A. Yes, I did.
17
Q. When did you see those -- were they called "promissory
18
notes"?
19
A. Yes, promissory notes.
20
Q. When did you see those?
21
A. This was a time in preparation for IRS audits, some time in
22
'06, '07.
23
Q. And what were you asked to do?
24
A. We were asked to make copies and file -- make sure we had
25
all the proper documentation and files.
713.250.5585
2378
12:12
12:13
12:13
12:13
12:14
12:14
Q. Who kept -- did anyone in the accounting department keep
those promissory notes in their office?
A. Yes. Those were kept in the office with Gil Lopez.
Q. Who -- by that time, what was his position, by the end of
your time at Stanford?
A. That was the chief accounting officer.
Q. I'm going to hand you Government 340 and ask if you
recognize that, Mr. Amadio.
A. Yes, I do.
10
Q. What is it?
11
A. I recognize the promissory notes.
12
Q. And is this the format in which Mr. Lopez had them
13
maintained in his office?
14
A. Yes, this is the file.
15
Q. And this, it says, "1 of 2." Do you know how many files
16
you saw Mr. Lopez maintaining in his office?
17
A. Both files.
18
Q. Both files?
19
A. Uh-huh.
20
Q. Do you know where the second file is today?
21
A. No, I don't.
22
Q. This is 1 of 2?
23
A. That is correct.
24
Q. And is this from the earlier years, '99?
25
A. Yes, it is.
713.250.5585
2379
12:14
12:14
12:15
12:15
12:15
1
2
If we can highlight the -- right there.
BY MR. COSTA:
Q. Is this the type of promissory note you saw during your
time at Stanford?
A. Yes.
Q. This one is from December 31st, 2002, in the amount of
$168 million. Who's the agreement between?
A. It's between R. Allen Stanford and Stanford International
10
Bank.
11
Q. And if you read the second paragraph, what does that say
12
about the loan agreement?
13
A. The unpaid principal balance of the loan --
14
Q. I'm sorry. The numbered Paragraph 2.
15
A. Oh, Number 2.
16
Q. Yes.
17
A. "The principal sum outstanding from time to time shall bear
18
interest from the date at the fixed rate of 10 percent per
19
year. The principal and interest of 184,800,000 shall be due
20
and payable on December 31st of 2003."
21
Q. So, according to this, in a year, Mr. Stanford was required
22
to pay back the 168 plus interest to make it 184 million?
23
A. Yes.
24
12:15
MR. COSTA: We can show Government 336, Ms. Gregory.
25
MR. COSTA: Can we go to the second page and see just

the signature on this document?
713.250.5585
2380
12:15
12:16
12:16
1
2
BY MR. COSTA:
Q. Is this the next year, December 31st, 2003?
A. Yes, it is.
Q. And now how much does it say Mr. Stanford owes the bank?
A. 330 million.
Q. And the second numbered paragraph, what is he agreeing to
repay by the end of 2004?
A. 346,500,000.
10
BY MR. COSTA:
12
Q. Does this show how that 330 million was calculated?
13
A. Yes.
12:17
MR. COSTA: If you scroll down, can we see the --
15
BY MR. COSTA:
16
Q. 330, you see that?
17
A. That's correct.
18
Q. That's the total.
19
12:17
MR. COSTA: Can we go to Page 5 in this document?
11
14
12:16
And now if we can go to 337.
MR. COSTA: Let's go back up.
20
BY MR. COSTA:
21
Q. And does it list that note from the prior year we just saw,
22
the 168 million?
23
A. Yes, it does.
24
Q. Does it include that interest Mr. Stanford was supposed to
25
pay of 16.8 million?
713.250.5585
2381
12:17
12:17
12:17
12:17
12:18
12:18
A. Yes.
Q. So, according to this, did Mr. Stanford pay any of that
back that he had promised to repay within a year?
A. No, he didn't.
Q. It was just rolled into that next year's note that then
became 330 million?
A. That's correct.
Q. And then does it list money going to other companies that
shows why it went up from the previous year's note to now
10
330 million?
11
A. Yeah, that's correct.
12
Q. Now, as you started tracking the amount of money going from
13
the bank and the CD depositors to Mr. Stanford's other
14
companies, were these notes -- did you see these notes for
15
2006, 2007?
16
A. No. There was no -- no notes for those years.
17
Q. Did that change the fact that Mr. Stanford owed that money
18
back to the bank?
19
A. No, it didn't change the fact. No, it didn't.
20
MR. COSTA: We can go back to 1603.
21
BY MR. COSTA:
22
Q. You said you were concerned about how large this number had
23
gotten. Were you also concerned about whether this was
24
disclosed?
25
A. Yes.
713.250.5585
2382
12:18
12:18
12:19
12:19
12:19
Q. Was it disclosed, from what you saw?
A. No, it wasn't.
Q. Why did that concern you, that it wasn't disclosed?
A. Because it was misleading information on the annual report.
Q. And who was getting those annual reports?
A. The clients.
Q. And in addition to the fact that these loans -- the
$2 billion wasn't mentioned, was the annual report saying
things, which we looked at earlier, about what Mr. Stanford was
10
doing with the bank's money?
11
12
Q. What did it say he was doing with the profits the bank
13
supposedly had?
14
A. Reinvesting it, keeping it in a bank.
15
Q. What did it say about whether the bank had any risk of
16
commercial loans?
17
A. That there was no commercial loans.
18
Q. Did your knowledge about these billions of dollars being
19
taken out of the bank, did that also cause you to doubt the
20
financial numbers, the assets that the bank was reporting?
21
A. Yes, it did.
22
23
12:19
MR. COSTA: We can go to Government 119.

It's already been referenced, your Honor.
24
THE COURT: What number?
25
MR. COSTA: 119.
713.250.5585
2383
12:19
12:19
12:20
12:20
1
2
BY MR. COSTA:
Q. Do you recognize this annual report?
A. Yes, I do.
12:21
MR. COSTA: If we look in the top right corner, if we
can blow that up, will it show us the year?
BY MR. COSTA:
Q. 2006?
A. Yes.
10
MR. COSTA: We can go to Page 38, please. If we can
11
go to the second box "Financial assets at fair value" and blow
12
that up.
13
BY MR. COSTA:
14
Q. In year end 2006, what was the total financial assets the
15
bank claimed?
16
A. Four billion nine hundred and thirty-five six fifty-one.
17
Q. So, basically about $5 billion?
18
A. $5 billion.
19
12:20
Page --
MR. COSTA: If we can go back to 1603?
20
BY MR. COSTA:
21
Q. Year end 2006, how much did you know had come out of the
22
bank to Mr. Stanford's other companies?
23
A. 1.3 billion.
24
Q. What percentage is that of 5 billion, just roughly?
25
A. It's about 25, 26 percent.
713.250.5585
2384
12:21
12:21
12:21
12:22
12:22
Q. So, why did your knowledge in 2006 about 1.3 billion cause
you to doubt those numbers in Government 119 saying the bank
had $5 billion in financial assets?
A. Because that money was not invested. That money has -- was
funded -- was used to fund the affiliated companies; and so, it
was not part of the portfolio anymore.
Q. And that portfolio would be those broker statements you
were talking about before?
A. That is correct.
10
Q. That the accounting department was never shown?
11
A. That's correct.
12
Q. And that the internal auditors were never shown?
13
A. That's right.
14
Q. And so, you said this -- the 1.6 billion was not -- I'm
15
sorry -- 1.3 billion at the time was not being invested. What
16
was that money going for at the airlines, at the cricket
17
company, at Stanford Development Company?
18
A. That money was to fund the operating expenses of the
19
day-to-day operations, for the most part.
20
Q. Did you ever see any document saying the bank was getting
21
an ownership interest in those companies?
22
A. No, I didn't.
23
24
12:22
25
MR. COSTA: We can go to Page 31 of the same annual

report. If we can go one page prior, first.
MR. SCARDINO: I'm sorry, Mr. Costa. Which exhibit
713.250.5585
2385
12:22
12:23
12:23
are you referring to?
MR. COSTA: Government 119, the '06 report.
MR. SCARDINO: Thank you.
MR. COSTA: If you can just highlight the last -- the
header there.
BY MR. COSTA:
Q. Do you recall this discussion in the annual report about
liquidity risk?
A. I have read it before.
10
MR. COSTA: And, then, if we go to the next page.
11
12:23
12:23
12:23
It's a little faint, but let's see if blowing it
12
up helps.
13
BY MR. COSTA:
14
Q. Does this then chart, break down the investment portfolio
15
the bank supposedly had into when that money could be
16
liquidated?
17
A. That is correct.
18
Q. And so, financial assets at fair value, it says $4 billion?
19
A. Yes.
20
Q. The -- well, let's back -- look at the total. On the
21
right-hand side, the total is the five -- almost $5 billion we
22
just saw?
23
A. Yes.
24
Q. And then it breaks that 5 billion down --
25
MR. COSTA: No. The right-hand side.
713.250.5585
2386
12:24
12:24
12:24
12:24
12:24
BY MR. COSTA:
Q. Does it break it down into how liquid that $5 billion is?
A. Yes, it does.
Q. And how much of that is the annual report saying can be
liquidated in just a month?
A. $4 billion.
Q. 80 percent?
A. About 80 percent, yes.
Q. Would it make any sense that the money that had gone to
10
Mr. Stanford's companies was included in that figure?
11
A. No, it doesn't make any sense.
12
Q. Is that money liquid, that had gone to pay for salaries and
13
fuel for planes and food for the Sticky Wicket; was that
14
liquid?
15
A. That was not liquid.
16
Q. Was the money even still there?
17
A. The money was not there anymore.
18
Q. It had been spent --
19
A. Yes.
20
Q. -- by those companies?
21
A. Yes.
22
12:25
MR. COSTA: Let's go to Page 34 of this same
23
Government 119. If we can blow up the chart at the top.
24
BY MR. COSTA:
25
Q. What is this showing in the annual report?
713.250.5585
2387
12:25
12:25
12:25
A. The net investment income.
Q. How much the investments made during that year of 2006?
A. That is correct.
Q. And it says it made a total of 480 million?
A. Yes.
Q. Did what you know about the billions going from the bank to
Mr. Stanford's company cause you to doubt the accuracy of that
investment income number?
A. Yes.
10
11
THE COURT: Where did those numbers come from? Any

idea?
12
12:25
12:26
13
of the financials of the revenue calculation from the financial
14
statement.
15
BY MR. COSTA:
16
Q. Did you ever see the broker statements to back that up?
17
A. No, I didn't.
18
Q. Do you know of anyone in the accounting department in
19
Houston who saw those broker statements to back that up?
20
A. No.
21
22
23
12:26
THE WITNESS: These numbers came from the calculation
THE COURT: Was it part of your job -- did you get to

that figure or somebody else did?
THE WITNESS: Somebody else did.
24
BY MR. COSTA:
25
Q. But the bank is reporting 479 million in investment income?
713.250.5585
2388
12:26
12:26
12:27
A. Yes, it is.
Q. Why did what you know about the billions coming out of the
bank to fund Mr. Stanford's companies on a weekly basis, why
did that cause you to doubt that number?
A. Because if the annual report was taking in consideration
the full entire portfolio of 4 billion and all of that money
was not invested because it's already been used to fund
affiliated companies, then there is a miscalculation on the
revenue and it's a misstatement of the calculation of the
10
11
12
13
12:27
12:27
12:27
income.
THE COURT: If that were accurate, what would it show
a rate of return for that year, if it were correct?
THE WITNESS: I would not have that number. It would
14
be less -- it would be less than that amount.
15
BY MR. COSTA:
16
Q. What was the bank typically claiming, ballpark, as its rate
17
of return each year on its investments?
18
A. I know it was always over 10, 11 percent.
19
Q. So, about 12 typically?
20
A. Twelve typically, yeah.
21
Q. And that 12 percent it was claiming would be based on all
22
the assets it claimed it had?
23
A. That's correct.
24
Q. But you were saying all those assets you knew weren't
25
invested with brokers and money managers, right?
713.250.5585
2389
12:27
A. That's right.
2
3
THE COURT: Your position was the money wasn't there,

correct?
4
12:27
12:28
12:28
12:28
12:29
THE WITNESS: That's right.
BY MR. COSTA:
Q. The money had been spent on payroll for restaurants and
cricket and jets, right?
A. That's correct.
Q. So, explain to the jury why that 12 percent return didn't
10
make sense if you knew a lot of this money had been spent?
11
A. If all of the portfolio was not there to invest and to
12
produce that rate of return of 12 percent that will generate
13
the $480 million, then you have a much smaller portion of the
14
pie to invest. And to be able to generate the $480 million
15
will have to be a much higher rate of return, much higher than
16
12 percent.
17
Q. Did you need some fancy calculators and all your accounting
18
background to figure out these numbers didn't make sense, based
19
on what you knew about the money going from the bank to these
20
other companies?
21
A. No.
22
Q. How did you figure out that the numbers didn't make sense?
23
A. It's just a quick calculation of knowing that if not all of
24
it is invested, then you don't have all the money to -- to be
25
able to create that income.
713.250.5585
2390
12:29
12:29
12:29
Q. Did the bank -- or the accounting department also generate
monthly returns on investment numbers for the bank?
A. Yes.
Q. Through 2007, were those positive every single month?
A. Yes, they were.
Q. Did that cause you concern?
A. Yes, it did.
Q. Why?
A. Because of the economic times that we were facing, the bank
10
was always returning a profitable return despite the fact that
11
we were living in very difficult economic times.
12
12:29
12:29
12:30
THE COURT: Well, the economic times, are you talking
13
about the economic times in the United States, worldwide, or
14
what?
15
THE WITNESS: Worldwide.
16
17
BY MR. COSTA:
18
Q. Were there particular months when you knew the markets were
19
doing poorly and yet the bank was still showing a positive
20
return on its investment?
21
A. Yes. During 2008, yes.
22
Q. At some point later in 2008, did the bank finally report a
23
loss for a particular month?
24
A. Yes, that was towards the end of the year.
25
Q. But even through the first parts of the year, positive
713.250.5585
2391
12:30
12:30
12:30
12:30
12:31
12:31
returns were shown on a monthly basis?
A. That is correct.
Q. Did you ever mention all these concerns you had about the
numbers and why you doubted them based on what you knew? Did
you ever mention it to anyone else in the accounting
department?
A. Yes, I mentioned it to my immediate supervisor.
Q. Who was that?
A. Mark Kuhrt.
10
Q. What did you say?
11
A. I mentioned to him about the concern of the growth and the
12
shareholder funding report and as well as talking about the
13
returns on the investment, that we really hope that the company
14
is really making the return on the investment that they're
15
saying that they're making.
16
Q. And what did Mr. Kuhrt say in response?
17
A. He said he hoped so, too, he said.
18
Q. What was his demeanor or his -- or what tone of voice was
19
he using when he said, "I hope so, too"?
20
A. He sounded concerned, too.
21
MR. SCARDINO: Objection, calls for speculation.
22
23
MR. COSTA: What was the tone --
24
THE COURT: Hold it. Based upon your observation of
25
knowing the person.
713.250.5585
2392
12:31
12:31
12:31
12:32
12:32
12:32
BY MR. COSTA:
Q. What was the tone in his voice when Mr. Kuhrt said, "I hope
so, too"?
A. He said it in a very low tone and concerned tone.
Q. Now, all these numbers that you were -- came to doubt based
on what you knew about the billions going from the bank to
Mr. Stanford's companies, who was -- remind us who was the
outside auditor who was supposedly testing and verifying these
numbers each year.
10
A. It was CAS Hewlett.
11
Q. And if we go in the same 2006 annual report to Page 46, do
12
you recognize Mr. Hewlett's signature right there?
13
A. Yes, I do.
14
Q. And he signed off every year in these annual reports with
15
this letter saying the numbers were good?
16
A. Yes, he did.
17
Q. Were you involved in -- and I take it Mr. Hewlett -- anyone
18
doing that type of service gets paid, correct?
19
A. That is correct.
20
Q. Were you involved, as a part of your accounting duties, in
21
payments to Mr. Hewlett?
22
A. Yes, we were.
23
Q. Was Mr. Hewlett auditing companies in addition to Stanford
24
International Bank?
25
A. Yes, he was auditing other Antiguan companies.
713.250.5585
2393
12:32
12:32
12:33
Q. Of Mr. Stanford's?
A. Of Mr. Stanford's.
Q. And so, did you have to allocate how much of his fee was
going to the different companies?
A. Yes.
Q. And do you remember, most of your time with Stanford, how
much did you know the bank was paying him each month?
A. The bank was paying a portion of -- I think it was, like,
3,000 something dollars --
10
Q. I'm sorry. Let me withdraw that question. I asked a poor
11
question.
12
12:33
12:33
13
know how much Stanford Financial Group was paying Mr. Hewlett
14
for all the companies he was auditing of Mr. Stanford's on a
15
month --
16
A. Yeah. It was a monthly payment of $18,500.
17
Q. And was that monthly payment accounted for like all the
18
other expenses of these companies?
19
A. Yes, it was.
20
Q. And did it come out of bank accounts in the United States
21
that Stanford Financial used for all types of normal operating
22
expenses?
23
A. Yes, it did.
24
12:33
During -- up until 2008, up through 2007, do you
25
MR. COSTA: Can we go to 900?

BY MR. COSTA:
713.250.5585
2394
12:34
12:34
12:34
12:34
12:35
Q. While they're looking at this, did there come a time in
2008 when the monthly payment that you knew about increased to
Mr. Hewlett?
A. Yes.
Q. Do you recall what it was increased to?
A. It was increased to 20 -- 25,000.
Q. Per month?
A. Per month.
Q. And did that require a new allocation of how to allocate
10
that 25,000 among the different companies he was auditing?
11
A. Yes.
12
MR. COSTA: If we can blow up this e-mail now, please?
13
THE COURT: Again, document number?
14
MR. COSTA: 900, your Honor.
15
BY MR. COSTA:
16
Q. This is dated April 18th, 2008, from you, Mr. Amadio, to
17
Gil Lopez. And on this date are you telling Mr. Lopez how much
18
the payments have been to Mr. Hewlett?
19
A. The monthly payments, yes.
20
Q. And that's the 18,500?
21
22
12:35
MR. COSTA: Go to the next page.
23
BY MR. COSTA:
24
Q. And there was an attachment to that e-mail. Can you
25
explain to the jury what -- and it says, "CAS Hewlett, January
713.250.5585
2395
12:35
12:35
12:36
12:36
12:36
through December 2007 payments." What is this showing?
A. It shows the allocation by month, the accumulated amount
also for that year of all the payments made to CAS Hewlett and
to which company it was allocated the cost, the expense.
Q. And on the left-hand column, is that the yearly total?
A. That is right.
Q. So, in 2007, he was paid 222,000 that were being -- that
was being recorded on the accounting books that you knew about?
A. That is correct.
10
Q. And how much of that went to SIBL -- or was allocated to
11
SIBL?
12
A. 66,200.
13
MR. COSTA: If we can go to Government 901.
14
THE COURT: SIBL, again, what? Stanford International
15
16
MR. COSTA: Stanford International Bank, Limited.
17
18
BY MR. COSTA:
19
Q. Is that the "company down south" on your flow chart?
20
A. Yes, it is.
21
12:36
Bank, Limited? What is SIBL?
MR. COSTA: Can we go to 901, please?
22
BY MR. COSTA:
23
Q. You're sending an e-mail there on April 18th. Who is Vonda
24
Venison and Ms. Vega -- or Mr. Vega?
25
A. They were accounts payable and supervisor of accounts
713.250.5585
2396
12:36
12:37
12:37
12:37
12:37
12:38
payable from my department.
Q. And read that e-mail from April 18th about what's happening
to Mr. Hewlett's payments that you -- the payments you were
aware of.
A. It says: Vonda, per Gil's request effective May 2008 the
payment to CAS Hewlett will increase from eighteen-five to
25,000 monthly. We will provide a new allocation by company.
Please don't intercompany bill --
Q. Can you stop there? So, the payments were being increased
10
from 18,500 to 25,000 a month and that required a new
11
allocation?
12
13
Q. What was your impression of that -- and at this time were
14
these payments that you said were in the accounting books and
15
were paid out of the normal operating accounts, were those the
16
only payments you knew about to Mr. Hewlett?
17
18
Q. And when it went up to 25,000, what was your view of
19
whether that was a low or a high amount to be paying
20
Mr. Hewlett for what he was supposedly doing?
21
A. My opinion -- I mean --
22
MR. SCARDINO: Object to the opinion.
23
24
BY MR. COSTA:
25
Q. What did you think of the 25,000 a month that you knew
713.250.5585
2397
12:38
12:38
about going to Mr. Hewlett for the services he was supposedly
performing?
A. I did not know the nature of the increase, but it was a
significant amount to be paid on a monthly basis.
Q. Just that 25,000 you thought was significant?
A. That's correct.
12:38
12:38
MR. COSTA: We can go to 903, please.
BY MR. COSTA:
Q. This is another e-mail on the same topic.
10
MR. COSTA: And if we can just scroll down so we can
11
see the first e-mail.
12
BY MR. COSTA:
13
Q. You see that the subject is still the Hewlett 2008
14
allocation?
15
A. Yes.
16
12:39
17
this?
18
BY MR. COSTA:
19
Q. Is this you sending an e-mail to Mark Kuhrt?
20
A. Yes.
21
Q. And what do you say?
22
A. "Mark, Gil wanted for you to look at this revised
23
allocation for CAS Hewlett payment. Let me know if you agree."
24
12:39
MR. COSTA: Can we go to the second page, I guess, of
25
MR. COSTA: If we can go back to the first page and

look at the next e-mail in the chain?
713.250.5585
2398
12:39
12:39
12:39
BY MR. COSTA:
Q. And Mr. Kuhrt responds and says: He's okay with it, but
Juan and Bhanoo should be involved in the decision?
A. Yes.
Q. Who are Juan and Bhanoo?
A. Juan was president of the bank, and Bhanoo was the
accounting manager for the bank.
Q. He was located in Antigua?
A. Located in --
10
Q. On the bank's premises?
11
A. That is correct.
12
12:39
12:40
MR. COSTA: If we can go up to the next e-mail?
13
BY MR. COSTA:
14
Q. There's more discussion and then the e-mail that's now at
15
the top from Gil Lopez to you and Mr. Kuhrt, in response to
16
this suggestion about contacting the president of the bank and
17
the accountant at the bank, what does Mr. Lopez say?
18
A. It says: Why? They were not involved in the overall
19
engagement and the total fee agreement. There has been enough
20
delay. Mark, please follow up with Juan. Also, we need to get
21
engagement letters for each of the companies.
22
12:40
MR. COSTA: And if we can go up to see the next
23
e-mail?
24
BY MR. COSTA:
25
Q. This is Mr. Kuhrt responding?
713.250.5585
2399
12:40
12:40
A. Yes.
Q. And what does he say in the second paragraph?
A. "I know that in the past Hewlett has been direct to James
Davis and R. Allen Stanford. Is this expected for the future?"
Q. Let's stop there for a second. What does that mean that
Hewlett has been direct to JMD and RAS?
12:40
12:41
And you said those are Jim Davis and Robert Allen
Stanford's initials?
A. Yes.
10
Q. What does that mean that Hewlett is -- what does it mean
11
"direct"? What does that term mean?
12
A. Any direct conversations or interaction was mainly between
13
Mr. Davis and also R. Allen Stanford.
14
Q. Discussions Mr. Hewlett was having?
15
A. Yes.
16
Q. With people at Stanford?
17
A. Yes.
18
Q. And he asks: Is this expected for the future?
19
12:41
12:41
And then go on and read the next sentence.
20
A. "Personally, I would not mind stepping out of it, but we
21
should retain a strong opinion on any change in auditor.
22
Something to discuss with Jim Davis tomorrow or next week?"
23
Q. So, Mr. Kuhrt said he has a strong opinion on a change in
24
auditor?
25
A. Yes.
713.250.5585
2400
12:41
12:41
Q. Do you recall what Mr. Kuhrt's opinion was, what his strong
opinion was?
A. There was comments and conversations of -- to change the
audit firm, the auditors that were reviewing the financials of
the bank.
Q. But you don't remember which way Mr. Kuhrt stood on that
issue?
A. No, I don't. I don't know.
9
12:42
12:42
MR. COSTA: Let's go to Government Exhibit 904.
10
BY MR. COSTA:
11
Q. Did the new 25,000-dollar payment go into effect?
12
A. Yes, it did.
13
Q. Okay. Did you come -- the accounting department come up
14
with a new allocation?
15
A. Yes, we did.
16
MR. COSTA: If we can go to Page 2?
17
12:43
18
Can we go to the third page? Is that Page 3?
19
BY MR. COSTA:
20
Q. You said it did go into effect, the new 25,000-dollar a
21
month payment?
22
A. Yes, it did.
23
24
12:43
That's actually the '07, back when it was 18,500.
25
MR. COSTA: Can we go to Government 1222 -- oh, I

found it. Here it is. Let's go back to where we were.
THE COURT: What exhibit number?
713.250.5585
2401
12:43
12:43
12:43
12:44
MR. COSTA: Government 904, your Honor. Should be
Page 2. We'll need to go to the document camera, the Elmo.
THE COURT: Oh, okay. Let's see.
MR. COSTA: Thank you, Judge.
BY MR. COSTA:
Q. Is this the new 2008 allocation on the right?
A. Yes. Yes, it is.
Q. And that 25,000 is going to be how much per year? It shows
at the bottom.
10
A. 300,000.
11
Q. And so, how much of that annually was going for the audit
12
of the bank?
13
A. 96,000.
14
Q. And based on what you have seen as an accountant, what was
15
your view of that $96,000 a year for the bank's audit? What
16
was your view on that?
17
A. It's a pretty high amount.
18
MR. COSTA: Let's go to Government 1222A, Page 257.
19
12:44
12:44
20
We need to switch back to the computer, your

Honor.
21
THE COURT: Okay.
22
MR. COSTA: We can highlight that.
23
THE COURT: Again, number?
24
MR. COSTA: 1222A.
25
BY MR. COSTA:
713.250.5585
2402
12:44
12:44
Q. Is this that new allocation we just saw?
A. Yes, it is.
Q. And would that information have been provided to treasury
and for accounting purposes to know how to allocate those
expenses among the companies?
A. That is correct.
12:45
12:45
12:45
12:46
MR. COSTA: If we can go to the next page.
BY MR. COSTA:
Q. What's this type of document, Mr. Amadio?
10
A. This was the cash report, treasury report that shows wire
11
transfer payments.
12
Q. If you look at the bottom there, four from the bottom, what
13
does it show as a payment being made on 11-12-2008?
14
A. (No response)
15
Q. Fourth from the bottom?
16
A. Yes. $25,000 to CAS Hewlett on November the 12th, 2008.
17
Q. So, the new allocation went into effect?
18
A. Yes, it did.
19
Q. And you thought it was a little high, but you knew -- you
20
were fully aware of those payments?
21
A. Yes, I was.
22
Q. And those were made out of an operating account for
23
Stanford Financial?
24
A. Yes, it was.
25
Q. What operating accounts, do you recall the particular
713.250.5585
2403
12:46
12:46
12:46
12:46
account or I can -- what is -- it actually says they're
SFGL TNB. Does that mean anything, TNB?
A. Trustmark National Bank.
Q. Is that a bank with an office here in Houston?
A. Yes, they do have an office in Houston.
Q. During your time with Stanford, when you were working on
allocating these Hewlett expenses that were being paid out of
the Trustmark account, were you ever told that Mr. Hewlett was
also being paid millions out of a Swiss bank account?
10
A. No, I wasn't.
11
Q. Did you ever, in any of your time at Stanford, hear that
12
there was an account at Societe Generale in Switzerland?
13
THE COURT: A what?
14
MR. COSTA: A bank account at a bank called Societe
15
Generale in Switzerland.
16
12:47
12:47
THE WITNESS: Yes, I heard about the account.
17
BY MR. COSTA:
18
Q. How did you -- but not the fact that there were Hewlett
19
payments out of that account?
20
A. That's correct.
21
Q. How did you hear just about the existence of the Swiss bank
22
account?
23
A. It was through a revision of the insurance for some of the
24
bank deposits and it was listed on -- that premium of that
25
insurance was listed -- under Stanford Financial Group, Limited
713.250.5585
2404
12:47
12:47
12:47
12:48
12:48
was listed this bank account that was not showing in our
financials.
Q. So, who in insurance -- in the insurance department had
shown you a document that listed this Swiss bank account?
A. Barbara Fortin. She was a risk manager.
Q. And why was she giving you this list of bank accounts that
were being insured?
A. To be able to allocate the cost of those premiums to the
different entities.
10
THE COURT: Of what premiums?
11
THE WITNESS: Of the insurance.
12
BY MR. COSTA:
13
Q. And it listed this account of Societe Generale?
14
A. Yes, it did.
15
Q. In the name of Stanford Financial Group, Limited?
16
A. Correct.
17
Q. And you said you had never seen that on the balance sheets
18
for Stanford Financial Group?
19
A. That is correct.
20
Q. Did you inquire about this account you had never heard
21
about?
22
A. Yes, I did.
23
Q. Did Mr. --
24
12:48
25
MR. SCARDINO: I'm sorry. That's a

mischaracterization. I thought he testified he had heard about
713.250.5585
2405
12:48
1
2
12:48
12:48
12:49
BY MR. COSTA:
Q. Prior to this e-mail about the insurance, had you ever
heard about the account?
A. No, I didn't.
THE COURT: After that, you say you made an inquiry?
THE WITNESS: Yes, I did.

BY MR. COSTA:
10
Q. And after your inquiry, did Mr. Davis tell you anything
11
about that Swiss bank account that you had previously never
12
heard of?
13
A. Yes, he did.
14
Q. What did Mr. Davis say about it?
15
A. That that was a Mr. Stanford account.
16
Q. And did you start tracking it as part of the financials for
17
Stanford Financial Group, Limited?
18
A. I couldn't, because I was not given any information nor a
19
bank statement to be able to make any entry to the financials.
20
21
MR. COSTA: If we can switch back to the Elmo, your

Honor. Sorry for the back and forth.
22
THE COURT: That's all right. Just let me know.
23
MR. COSTA: I want to show what's been marked as
24
12:49
THE COURT: Well, he --
9
12:48
the account.
25
Government 1220A.
THE COURT: 1220A?
713.250.5585
2406
12:49
12:50
12:50
12:51
12:51
MR. COSTA: Yes, your Honor.
THE COURT: By the way, while they're talking about
that, I received a question. I want to visit with you at this
time.
I was asked about what those plaques are at the
jury box. Those are my juror badges. The first one was when I
served as a state district court juror when I was a state
district court judge. The other two of them are my federal --
since I've been over on the federal side. One's from municipal
10
traffic court, and one's at justice of the peace court. So,
11
I've served on the jury and I had -- after I got through, I
12
asked for the badge and had it laminated on each occasion.
13
BY MR. COSTA:
14
Q. Mr. Amadio, I'm now going to show you some documents from
15
Government 1220A. This bank we talked about, Societe Generale,
16
have you ever heard the term "SocGen" as a nickname for it?
17
A. No.
18
Q. Do you see up in this bank record it says "SG Private
19
Banking"?
20
A. Yes.
21
22
12:51
THE COURT: That's from what? From the Swiss bank

account?
23
MR. COSTA: Yes, from Societe Generale, your Honor.
24
THE COURT: Okay.
25
BY MR. COSTA:
713.250.5585
2407
12:51
12:51
12:51
12:52
12:52
12:52
Q. And it says the account is held in Stanford Financial
Group. Do you see that?
A. Yes.
Q. And it actually -- and it says Stanford International Bank,
care of Stanford Financial Group, Limited. And what's the
address given?
A. Avenue Gratta, CP.
Q. Lausanne, do you see the name --
A. Lausanne --
10
Q. Do you have any idea where Lausanne is?
11
A. No, I don't.
12
Q. You don't have any idea that's a city in Switzerland?
13
A. I've never heard of it.
14
THE COURT: I've heard of it.
15
MR. COSTA: On Lake Geneva. It's beautiful.
16
THE COURT: I'm just saying that it's up in
17
Switzerland. Go on.
18
BY MR. COSTA:
19
Q. And this has a date in Lausanne -- are you familiar with
20
how dates are done differently in some other countries?
21
A. Yes, I am.
22
Q. So, how would you read that date, the numbers there?
23
A. August 15th of 2008.
24
Q. Lists the day first instead of the month. Is that right?
25
A. That's correct.
713.250.5585
2408
12:52
12:52
12:53
12:53
12:53
12:53
Q. And it shows a payment to Barclays Bank in favor of whom?
A. CAS Hewlett.
Q. And the amount is how much?
A. 20,000 pounds, British pounds.
Q. Are pounds generally worth more or less than dollars?
A. More.
Q. So, that would -- in US dollars that would be more than
20,000?
A. That's correct.
10
Q. You don't know the exact exchange rate in August, I take
11
it, of '08?
12
A. Yes.
13
Q. But generally that would be more in US dollars.
14
During your time at Stanford, had you ever seen a
15
document like this showing that Mr. Hewlett was also being paid
16
out of a Swiss bank account?
17
A. No, I haven't.
18
Q. Were you ever told Mr. Hewlett was also being paid out of a
19
Swiss bank account?
20
A. No.
21
Q. Were you ever told to put that on the books to allocate it
22
like you had to allocate those other expenses to Mr. Hewlett
23
that were coming out of the Texas bank account?
24
A. No.
25
Q. I want to show you Page 123 in the same exhibit. It's an
713.250.5585
2409
12:53
12:54
12:54
12:54
e-mail that's part of those -- the bank records from that Swiss
bank. You see it's from Mr. Davis on May 19th, 2008, and
Mr. Stanford is copied?
A. Yes.
Q. And it's addressed to a woman, Carol Meylan. Do you see
that?
A. Yes.
Q. And what does Mr. Davis say in the second paragraph, "As I
informed"?
10
A. "As I informed Mr. Friedli last Friday, I want to change
11
the monthly debit amount that is disbursed to Mr. CAS Hewlett
12
from our 108.731 account."
13
Q. And the next paragraph, please?
14
A. "Please change this standing order by increasing the amount
15
from 15,000 sterling to 20,000 sterling. Effective date for
16
this change should be the payment of 15th of June, 2008, and
17
should continue monthly until further notice."
18
12:55
12:55
THE COURT: Now, "sterling," is that the pounds? Is
19
that what -- it doesn't mean sterling silver or -- it means
20
"sterling" as another way to say British pounds?
21
THE WITNESS: That is correct.
22
THE COURT: Okay.
23
BY MR. COSTA:
24
Q. And so, this is an e-mail from Mr. Davis, copying
25
Mr. Stanford, saying, "We want to increase the payments from
713.250.5585
2410
12:55
12:55
15,000 to 20,000 pounds"?
A. Yes.
THE COURT: What is the exchange rate? Was it back
then -- what is it right now? Anybody have an idea, all the
world travelers there?
6
7
MR. COSTA: I think about a buck 50 as told by my

colleagues.
8
9
12:55
10
THE COURT: I think it -- you always say about one and

a half as an -- during these times. So, one and a half a good
estimate? Anybody want to disagree? Just for ballpark?
11
12
MR. COSTA: Someone in the audience, I think, has an

idea.
13
14
12:55
12:55
12:56
15
Your Honor, we will have a witness later on who

has done the exchange rates and will tell us about that.
THE COURT: We're looking at about one and a half
16
times. So, if you look at something as 20,000, what would it
17
be generally in US dollars?
18
BY MR. COSTA:
19
Q. Would it be 30?
20
A. About 30,000, yes.
21
Q. So, is Mr. Hewlett getting more out of this Swiss account
22
or more out of the accounts the accounting department knew of
23
and kept track of?
24
A. More out of this account.
25
THE COURT: Meaning the Swiss account?
713.250.5585
2411
12:56
12:56
12:56
THE WITNESS: The Swiss account.
BY MR. COSTA:
Q. And in 2008, that's the same time period when the
on-the-book payments that you were aware of out of the Texas
bank account, that those were increased, right?
Q. And around the same time in 2008, the payments out of the
Swiss account are also being increased?
A. Yes.
10
Q. And you thought the payments you knew about, just that
11
amount out of the Texas bank account, that even that was a
12
little high from what you had seen?
13
A. That's correct.
14
12:56
12:56
15
exhibit.
16
THE COURT: Wait. 82 --
17
MR. COSTA: Page 82, your Honor.
18
THE COURT: Oh, Page 82?
19
MR. COSTA: Yeah. Same exhibit. It's a large
20
exhibit.
21
BY MR. COSTA:
22
Q. Is this another bank statement from that same bank, talking
23
about the same Stanford Financial Group, Limited account?
24
12:57
MR. COSTA: Let's look at Document 82 in the same
25
What's the date on this one? Says 2-11-05. What

would that be?
713.250.5585
2412
12:57
12:57
A. November 2 -- 2nd of 2005.
Q. And again, it says in favor of CAS Hewlett at a bank in the
British Virgin Islands. Do you see that?
A. Yes, I do.
Q. How much was this wire?
A. $125,000.
7
8
THE COURT: That was in American dollars, correct? It

says "USD," correct, sir?
9
12:57
12:57
12:58
12:58
THE WITNESS: US -- yes, US dollars.
10
BY MR. COSTA:
11
Q. You ever told about a 125,000-dollar payment to Mr. Hewlett
12
in 2005 out of a Swiss bank account?
13
A. No.
14
Q. And one last one. Page 90 of the same account statements,
15
what's the date on this one?
16
A. It's February the 13th of 2006.
17
Q. Again, in favor of CAS Hewlett?
18
A. Yes.
19
Q. How much money?
20
A. $100,000, US dollars.
21
Q. You said you never saw any of these Swiss bank records when
22
you worked at Stanford Financial, correct?
23
A. Correct.
24
Q. Did I show them to you for the first time, some of them,
25
about a month ago, in December?
713.250.5585
2413
12:58
12:58
12:58
A. Yes, you did.
Q. Do you remember what your reaction was?
A. Yes. I was surprised to see this.
MR. SCARDINO: Object to his reaction.
BY MR. COSTA:
Q. Do you know of any legitimate business reason that you are
aware of why Mr. Hewlett would be paid millions out of a Swiss
bank account that the accounting department wasn't made aware
10
of?
11
THE COURT: Hold it a second.
12
Yes, sir?
13
14
12:58
12:58
the realm of his knowledge.
15
THE COURT: Say again.
16
MR. SCARDINO: It's not been established that the
17
answer to that question would be within his realm of knowledge
18
or expertise of where -- why -- what the money could be used
19
for --
20
21
22
23
12:59
MR. SCARDINO: Not been established that that's within
THE COURT: Well, there was a first phrase in it, if I

may have it read back.
MR. COSTA: I asked "do you know of any legitimate
business reason" --
24
THE COURT: Correct.
25
MR. COSTA: -- "he personally" --
713.250.5585
2414
12:59
1
2
THE COURT: Overrule the objection for that limited

extent.
12:59
12:59
BY MR. COSTA:
Q. Would you like me to rephrase -- do you remember the
question?
A. Yes.
Q. Okay.
A. No, I don't know any legitimate reason why this -- these
10
11
12:59
12:59
additional payments were made.

THE COURT: Okay.
12
BY MR. COSTA:
13
Q. And weren't tracked on any of the accounting records?
14
A. They were not tracked.
15
Q. Does that possibly explain why Mr. Hewlett was signing off
16
on those numbers that, from what you knew, could not be
17
accurate financial reports?
18
MR. SCARDINO: Object to the speculation.
19
20
MR. COSTA: I think we're at a good breaking point for
21
22
12:59
Do you know?
lunch, your Honor, if that's okay with the Court.

THE COURT: All right. Ladies and gentlemen, it's
23
just right about 1:00 o'clock. We'll see you back, ready to
24
resume, at -- once I turn -- now, we'll see you back, ready to
25
resume, at 2:15. We'll see you at that time.
713.250.5585
2415
01:00
(Noon recess was taken)
(Jury present)
02:21
THE COURT: Thank you. Be seated.
We have a call in to a technician to work on that
screen. In the meantime, we appreciate your input. It may not
be optimal, but we'll leave that screen on as best we can. It
may help a little bit until we get the big one looked at; but
in the meantime, we'll leave it on.
9
02:21
10
02:21
02:22
else, right?
11
Well, we'll soon find out.
12
Okay. Go right ahead.
13
02:21
The government screen has the same as everybody
14
BY MR. COSTA:
15
Q. Mr. Amadio, I just want to come back to this chart from
16
earlier, this morning. And it basically shows the money starts
17
at the bank and then goes to this middle entity, which was
18
typically Stanford Financial Group?
19
A. That's correct.
20
Q. And then, from there, the money goes to all these other
21
Stanford companies?
22
A. That is right.
23
Q. Now, just looking at the bottom half of this chart, from
24
here on down, is there any problem with Mr. Stanford, the
25
shareholder, as a general matter, giving money to all these
713.250.5585
2416
02:22
02:22
02:22
02:22
02:23
02:23
companies he owned?
If you just look from here on down.
A. No. That would be considered as shareholder contributions
to each entity, as capital --
Q. So, what about this entire picture gave you all those
concerns?
A. The fact that those fundings were truly not coming from the
shareholder, but they were coming directly from the bank, the
depositors' money.
10
Q. So, it's this top half is the reason you were concerned?
11
A. That's correct.
12
Q. And your funding report you were asked to create that
13
showed the total amount coming from the bank ultimately to all
14
these other companies, that was the document that only a few
15
select people were allowed to see, according to the
16
instructions you were given?
17
18
Q. And it's based on your report that you compiled that you
19
concluded there were these inaccuracies in the annual reports?
20
A. That is correct.
21
Q. Did anyone ever tell you that because the bank was selling
22
CDs it was okay to lie in the annual report?
23
A. No.
24
Q. Do you agree with that, that since the bank is selling CDs
25
it's okay to lie in the annual report or other promotional
713.250.5585
2417
02:23
02:23
02:24
02:24
02:24
02:24
materials?
A. I don't agree with that.
Q. Why not?
A. Because the investors, the depositors, the clients are
looking for accurate information disclosed on those annual
reports, to make decisions to invest that money in the bank.
Q. I want to go on to another topic. Did the accounting
department keep track of Mr. Stanford's personal expenses?
A. Yes.
10
Q. Now, I take it, when you or any other employee went on a
11
business trip, you submitted an expense report for that?
12
A. That is correct.
13
Q. And did Mr. Stanford -- was he able to do the same if he
14
went to a business meeting or had a business lunch?
15
A. That's correct.
16
Q. But in addition to those expense reports that Mr. Stanford
17
and all the other employees could submit, what was tracked for
18
Mr. Stanford in addition to those expense reports?
19
A. Any payments made related to personal -- personal nature
20
was kept in an accounts receivable account category in the
21
books.
22
Q. So, the business was paying for personal expenses of
23
Mr. Stanford?
24
A. Yes.
25
Q. Which business? Which entity?
713.250.5585
2418
02:24
02:25
02:25
A. Stanford Financial Group Company and also Stanford
Financial Group Company, Limited.
Q. You said it was treated -- these personal expenses of
Mr. Stanford were treated as an account receivable?
A. Yes.
Q. Just in plain terms, what's an "account receivable"?
A. It's money that is owed to the company.
Q. So, the idea was Mr. Stanford would owe this money back to
the company that was paying his personal expenses?
10
A. That's correct.
11
02:25
02:25
02:26
MR. COSTA: Can we go to the Elmo, your Honor?
12
BY MR. COSTA:
13
Q. Do you recognize this e-mail, Mr. Amadio?
14
A. Yes, I do.
15
Q. It was sent to you on September 19th, 2008?
16
A. That's correct.
17
Q. Who sent it?
18
A. Scott Fullerton.
19
Q. Who is Mr. Fullerton?
20
A. He was a senior accountant in Stanford Financial Group
21
Company.
22
Q. Did he track Mr. Stanford's personal expenses?
23
A. That's correct.
24
Q. And is that what the attachment is to this e-mail?
25
A. Yes, it is.
713.250.5585
2419
02:26
02:26
02:26
02:27
02:27
02:27
Q. What is the attachment called?
A. "All AR RAS transactions."
Q. "AR" stands for?
A. "Accounts receivable."
Q. "RAS," R-A-S, stands for?
Q. What types of personal expenses was the company paying for
for Mr. Stanford?
A. There was -- one of them is line item for the American
10
Express, which we didn't have line of sight of the specifics of
11
those expenses; but they were his corporate card.
12
Q. If we look, this is the 2008 portion of the spreadsheet.
13
The type is somewhat small, but what does that show for
14
February 2008 as an expense?
15
A. Robert Allen Stanford, Superbowl tickets.
16
Q. And what's right above that for a 57,000-dollar expense?
17
A. An expense for Karen Pittman genealogical study.
18
Q. And if we go up, is that one of those monthly AmEx bills
19
for December '07?
20
21
Q. How much is that?
22
A. 29,931.
23
Q. And on May 21st, 2008, is that another AmEx bill?
24
A. That's correct.
25
Q. How much is that one?
713.250.5585
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02:27
02:28
02:28
02:28
02:29
02:29
A. 118,453.
Q. Mechanically, how was Mr. Stanford's American Express bill
paid?
A. In the past, mechanically, it was -- a check request was
required or requested by his personal CPA.
Q. Who was that? Remind us. You mentioned him this morning.
A. Yeah, that was Harry Failing. And he would go ahead and
pay for -- we will pay the AmEx statement; and then, in the
past, he will bring us a personal check written by Mr. Stanford
10
to pay some of those amounts down.
11
Q. And on this spreadsheet that lists the expenses for a
12
number of years, the personal expenses, are there a number of
13
credits shown that show Mr. Stanford paying off these personal
14
expenses that the company had paid for?
15
A. That went for -- for a little bit, and then it didn't -- it
16
stopped. It was not paid back.
17
Q. When it was showing repayments for these personal expenses,
18
what was being used to offset the personal expenses the company
19
was paying for, for Mr. Stanford?
20
A. On occasions when the balance really continued to grow, it
21
was paid by reducing the notes payable that the company owed to
22
the shareholder, it was netted out against the accounts
23
receivable what he owed to the company.
24
Q. And let's break that down because there's a lot of
25
accounting in there. The way this setup worked, the flow of
713.250.5585
2421
02:29
02:30
02:30
02:30
02:30
02:31
the bank money, when a company received it down here, it was
treated as money it owed Mr. Stanford, the shareholder?
A. That is correct.
Q. And -- but in truth, it came from the bank, ultimately?
A. Ultimately, yes.
Q. So, there were these amounts the companies owed
Mr. Stanford on paper?
A. That's correct.
Q. And it's those amounts that were owed back to Mr. Stanford
10
that were reduced to cover these personal expenses of
11
Mr. Stanford?
12
A. That is correct.
13
Q. So, ultimately whose money was being used to pay down the
14
personal expenses of Mr. Stanford?
15
A. The money that was coming from the bank.
16
Q. And whose money was that?
17
A. Those were the clients' deposits.
18
Q. Did Mr. Stanford ever call you about personal expenses that
19
the companies were paying for him?
20
A. I received one time a call.
21
Q. What was that call about? And it was from Mr. Stanford?
22
A. Yes.
23
Q. What was the call about?
24
A. He wanted a summary list of all the expenses paid related
25
to his house in Houston.
713.250.5585
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02:31
02:31
02:31
02:31
02:32
Q. Which company was paying for his house in Houston?
A. Stanford Development Company.
Q. The company that I think we saw on your '07 report had
received over $340 million from the bank?
A. There was a Stanford Development Company US. That was the
Stanford Development Company in Antigua.
Q. So, the US company was paying for the house?
A. The US, yes.
Q. Do you know where the house was in Houston?
10
A. I don't remember.
11
Q. Who was living in the house?
12
A. Mr. Stanford's wife.
13
Q. And why was Mr. Stanford calling you about it?
14
A. I believe at that time, if I recall correctly, it was
15
related to his divorce and he wanted to get a total expenses of
16
what was paid related to his wife's housing.
17
Q. You talked this morning about concerns that were being
18
expressed by Mr. Davis and others about how much all the
19
businesses were spending. Do you remember that?
20
21
Q. Did those concerns grow during 2008?
22
A. Yes.
23
24
02:32
25
MR. SCARDINO: Object to whether Davis' concerns grew

in 2008 or not.
THE COURT: All right. Rephrase.
713.250.5585
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02:32
02:32
02:32
02:33
02:33
02:33
BY MR. COSTA:
Q. Did Mr. Davis express even more concern during 2008 about
the amount of money that these companies were spending?
A. Yes, there was a concern by Mr. Davis.
Q. Were you concerned as well?
A. Yes, I -- we were.
Q. Did Mr. Davis say he was discussing these cost issues with
Mr. Stanford?
A. Yes, he was.
10
Q. And what did he say Mr. Stanford said about the expenses
11
and costs?
12
A. What I recall, there was not a whole lot of action to
13
reduce any of these costs --
14
Q. Did Mr. --
15
A. -- or decision to reduce these costs.
16
Q. Did Mr. Davis want to reduce the costs?
17
A. Yes.
18
Q. What did he say about Mr. Stanford's reaction to that?
19
A. He would not say in great detail of what he would discuss
20
with Mr. Stanford, but he would always go back to refer to the
21
shareholder to discuss these cuts with the shareholder.
22
Q. And were significant cuts made after Mr. Davis talked to
23
the shareholder?
24
A. One of them were finally the selling of the airline that
25
finally took place. Other cuts that we were -- that the
713.250.5585
2424
02:33
accounting team were trying to reduce were the selling of
corporate jets, but that never took place.
3
4
02:34
02:34
02:34
02:34
know?
THE WITNESS: I think there were six.
BY MR. COSTA:
Q. Did Mr. Davis want to reduce the number of corporate jets?
A. He agreed with the options and scenarios that we were
mentioning, recommending to reduce costs, yes.
10
Q. Mr. Davis never said: I want to keep committing this fraud
11
that only I know about, so Mr. Stanford can get more jets?
12
A. No, he never said that.
13
Q. Were the jets ever -- the jet expenses ever reduced during
14
2008?
15
A. No.
16
Q. Did you keep track of something called the "cash burn
17
report"?
18
A. Yes, there was a cash burn report.
19
Q. What did that show?
20
A. That was a report to show the total inflows and outflows by
21
company, inflows of cash and outflows of cash, and then
22
calculating that on a daily basis.
23
24
02:35
THE COURT: How many were there at the time? Do you
25

And, your Honor, we need to go back to the
computer, please.
713.250.5585
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02:35
02:35
02:35
02:35
02:36
THE COURT: Okay.
MR. COSTA: Oh, we're already back on it.
THE COURT: Number?
MR. COSTA: I believe I said 909.
THE COURT: That's what I got.
MR. COSTA: Yes, that's correct.
BY MR. COSTA:
Q. What is this e-mail, Mr. Amadio?
A. This is an e-mail showing 2008 budget number versus the
10
cash burn report, which is showing actuals versus budgeted
11
numbers.
12
Q. So, there was a budget of how much the company thought it
13
would be bringing in each day?
14
A. Yes.
15
Q. And was this cash burn report, did that involve all the
16
companies?
17
A. Yes.
18
Q. That were going through treasury?
19
A. That is correct, all the companies.
20
Q. And is the attachment a report comparing what was budgeted
21
to what was actually happening in 2008?
22
A. Yes, that is correct.
23
02:36
MR. COSTA: We can go to the attachment of that.
24
BY MR. COSTA:
25
Q. Is the left side the budgeted numbers?
713.250.5585
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02:36
02:36
02:37
02:37
02:37
02:38
A. Yes, it is.
Q. So, what was budgeted is that per day cash would be --
would it be up or down? What was the projection of the budget?
A. It was a surplus, or positive, 45,000 per day.
Q. And in reality, what was happening during this time period?
A. Based on the actuals, the per day cash burn was in a
deficit or burn of $111,000 per day.
Q. Was that a concern?
A. Yes, it was.
10
MR. COSTA: We can go back.
11
BY MR. COSTA:
12
Q. That's per day 111,000 more was going out than was coming
13
in?
14
A. That's correct.
15
Q. And if we can go back to the e-mail, when was this?
16
A. This was April the 8th of 2008.
17
Q. Did that figure of $111,000 net deficit every day get worse
18
as the year went on?
19
A. Continues -- yeah, the expenses continued to grow.
20
Q. Did you hear, towards the end of 2008, about some capital
21
that Mr. Stanford had supposedly put into Stanford
22
International Bank?
23
A. Yes. There was an e-mail that was circulated by
24
Mr. Stanford, referring that he had capitalized the bank.
25
Q. Had you heard even before that that there was a
713.250.5585
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02:38
1
2
3
4
02:38
02:38
02:39
02:39
THE COURT: What does that mean, "capitalization," in

lay terms?
THE WITNESS: It means that the bank needed a cash
infusion from the shareholder.
BY MR. COSTA:
Q. Even before you received the e-mail, had you heard that
there was an infusion of money from Mr. Stanford?
A. I knew there was a need to capitalize the bank, the bank
10
needed additional cash infusion.
11
MR. COSTA: If we can go to Government 6, please?
12
THE COURT: Have we seen 6 before?
13
MR. COSTA: I don't believe so, your Honor.
14
THE COURT: I don't think so.
15
MR. SCARDINO: No objection.
16
BY MR. COSTA:
17
Q. This e-mail was sent to Mr. Stanford on what date?
18
A. February 12, 2009.
19
Q. And it was sent -- what is that, "SFGC Global-all
20
employees," what does that mean?
21
A. Meant to every single employee of SFG company.
22
02:39
capitalization taking place?
MR. COSTA: If we can go back to the whole document
23
and look at the last paragraph.
24
BY MR. COSTA:
25
Q. Starting on "The issue of," can you read that?
713.250.5585
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02:39
02:39
02:40
02:40
02:40
02:41
A. "The issue of Stanford International Bank, I want to be
very clear. SIB remains a strong institution and even without
the benefit of billions in US taxpayers dollars, we are taking
a number of decisive steps to reinforce our financial strength.
We will take the necessary actions to protect our depositors.
I have already added two capital infusions into the bank, and
we are considering a number of other steps as needed. Yours
truly, R. Allen Stanford."
Q. So, according to that last sentence, had the capital
10
infusions into the bank already taken place?
11
A. Yes.
12
Q. Do you recall the amounts of money that Mr. Stanford
13
claimed he put into the bank?
14
A. 500 million.
15
Q. That's just your recollection of a general number?
16
A. Yes, I believe so.
17
Q. Had you seen anything in the accounting entries to show
18
that money going into the bank?
19
A. No, sir.
20
Q. Did you learn towards the end of your time in the Stanford
21
accounting department about a deal involving real estate in
22
Antigua?
23
A. Towards the end, yes.
24
Q. Did you actually get one e-mail from Mr. Lopez about that
25
transaction?
713.250.5585
2429
02:41
A. Yes, I did.
02:41
02:41
02:41
02:42
02:42
BY MR. COSTA:
Q. Is this the e-mail from Mr. Lopez you received?
A. Yes, it is.
Q. And when did you receive that?
A. That was January the 5th, 2009.
Q. Had you been working on this real estate deal up to this
point?
10
A. No, I was not.
11
Q. Had you heard anything about it from others in the
12
accounting department?
13
A. I heard very little about real estate deals that they were
14
working on.
15
MR. COSTA: And if we can go -- if we can scroll down
16
and see -- well, go back up -- down, please. Perfect.
17
BY MR. COSTA:
18
Q. This is an e-mail on December 23rd, 2008. Who sent that
19
e-mail?
20
A. That was sent by Mark Kuhrt to Gil Lopez.
21
Q. And Mr. Kuhrt is saying: Call me when you are ready to
22
discuss?
23
A. Yes.
24
Q. And if we go up, is that the e-mail that's being forwarded
25
and Mr. Lopez is asking you to print?
713.250.5585
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02:42
02:42
02:42
02:43
02:43
02:43
A. That is correct.
Q. Why was Mr. Lopez asking you to print an attachment?
A. Because it wouldn't print -- it was not formatted to print
in one page and he didn't know much how to use Excel. So, he
sent it to me to fix it and print it and give it to him.
Q. Did he want to discuss this with you?
A. No.
Q. He just wanted your help printing it in Excel?
A. That is correct.
10
MR. COSTA: We can go to the next page, please.
11
BY MR. COSTA:
12
Q. And at the time when Mr. Lopez asked you to print this
13
attachment, how much time did you spend looking at this?
14
A. Probably not even three, four minutes.
15
Q. Have you had a chance now to look at it more closely?
16
A. Yes.
17
Q. And does it list a number of islands on the left-hand side?
18
A. Yes.
19
Q. Now, were you involved in the purchase of those islands?
20
A. No, I wasn't.
21
Q. Do you know when they were purchased?
22
THE COURT: You mean islands in the water?
23
24
THE COURT: Okay. Go on.
25
BY MR. COSTA:
713.250.5585
2431
02:43
02:43
02:44
02:44
02:44
02:44
Q. Were you involved in the purchase of those islands?
A. No, I wasn't.
Q. Do you know when they were purchased?
A. No.
Q. But does it show the cost of those islands? In the second
column after "Acres."
A. Yes, it does.
Q. And the first one, Pelican Island, it says cost,
17.5 million. And then the rest of the islands total
10
46 million. Is that correct?
11
A. That is correct.
12
Q. And what is the total cost when you add 17 and a half and
13
46 million?
14
A. 63,500,000.
15
Q. And what does that mean? I mean, this might be one of the
16
few accounting terms that is actually obvious; but what does
17
"cost" mean?
18
A. That's the acquisition, purchase of the land.
19
Q. And then next to that, is there a market price listed on
20
this document Mr. Kuhrt was sending to Mr. Lopez that Mr. Lopez
21
asked you to print?
22
A. Yes, there is a market value.
23
Q. What is being listed as the market value for that land that
24
cost $63 million?
25
A. $3.1 billion.
713.250.5585
2432
02:44
02:45
Q. Do you know generally what type of return on investment
that would be?
A. That's a 5,000 percent increase in value.
Q. In all your years working as an accountant, have you ever
seen a return on investment approaching 5,000 percent?
A. No, sir.
MR. COSTA: If we go to the right-hand side --
8
9
02:45
02:45
02:46
02:46
Go back to the full document.

BY MR. COSTA:
10
Q. And this is a little difficult to read. But on the
11
right-hand side, is there a plan for what would be done with
12
this $3.1 billion?
13
A. Yes, there is a plan.
14
Q. And it says four different companies listed, A through D.
15
Is that correct?
16
A. Yes, sir.
17
Q. And Company A, what was the 200 million of that money going
18
to be used for?
19
A. That was going to be a contribution to capital by R. Allen
20
Stanford to Company A in the amount of 200 million.
21
Q. And it lists SIBL there, right? What company is that?
22
A. That's Stanford International Bank.
23
Q. And then what is Company B supposed to be?
24
A. Also SIBL and that's a 541 million-dollar contribution and
25
that's a contribution to capital by R. Allen Stanford.
713.250.5585
2433
02:46
02:46
02:46
02:47
02:47
Q. We saw the letter where Mr. Stanford said he made two
capital contributions to the bank?
A. Yes.
Q. To strengthen it?
A. Yes, sir.
Q. And according to this document, it would be the market
value of that land that would be used for the capital
contribution?
A. According to the document, yes.
10
Q. Now, have you seen any documents showing that these
11
transactions ever took place between these different companies?
12
A. No, I didn't see any transactions.
13
Q. Company C, what was -- still using that $3.1 billion, what
14
was the rest of it going to be used for?
15
A. It says: For payment to liquidate loan to R. Allen
16
Stanford for Company C, $1.7 billion.
17
Q. What was the loan Mr. Stanford needed to liquidate?
18
A. That is the funding report balance that showed the
19
$1.7 billion.
20
21
Okay? In other words, explain what we're looking at, in plain
22
language, or have your client -- your witness do it.
23
02:47
THE COURT: Mr. Costa, use plain language, please.
24
BY MR. COSTA:
25
Q. So, according to this document, this real estate that was
713.250.5585
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02:47
02:48
02:48
02:48
02:48
02:49
being valued at $3.1 billion, what was that increase, that
5,000 percent increase in value, going to be used for?
A. It was going to be used for -- to capitalize the bank --
Q. Which means what, again?
A. That cash infusion for capital that the bank needed.
Q. Now, you say "cash infusion," would that be cash, actually,
if it was this real estate?
A. No, it wasn't cash.
Q. Okay. And other -- and so, in addition to the infusion
10
Mr. Stanford said he was making into the bank to strengthen it,
11
according to Company C, what was the other part of the
12
$3 billion going to be used for?
13
A. It was going to be used for -- to pay off the balance that
14
there was in the shareholder funding --
15
THE COURT: Which means in this case?
16
THE WITNESS: Which is the $1.7 billion.
17
BY MR. COSTA:
18
Q. That had come from where?
19
A. That had came from -- came from the Stanford International
20
Bank and it was used to fund all the entities.
21
Q. What we're talking about on this chart, the billions that
22
had come from the bank to keep Mr. Stanford's other companies
23
running?
24
A. That is correct.
25
Q. According to this e-mail, this real estate that was being
713.250.5585
2435
02:49
02:49
02:49
02:49
02:50
02:50
valued at 3 billion, part of that valuation was going to be
used to pay back that large loan?
A. That is correct.
Q. Were you -- now, you were tracking that amount of money,
correct, on your report that showed the money going from --
going to all these other companies?
A. Yes, sir.
Q. Were you ever told to take $1.7 billion as having been paid
back and reduce the outstanding balance?
10
A. No, sir.
11
Q. So, you don't know if this transaction ever even took
12
place?
13
A. That's correct, I didn't -- I don't think it took place.
14
Q. And you weren't told to ever make that entry to reflect the
15
payoff of the loan on your shareholder funding report?
16
A. That's correct.
17
Q. Earlier on had there been -- and did you have much
18
involvement otherwise in the details of that real estate
19
transaction?
20
A. No, sir.
21
Q. Mr. Lopez just asked you to print it off?
22
A. That is correct.
23
Q. You don't know all of the details?
24
A. No, sir, I don't know any of the details.
25
Q. In prior years had there been --
713.250.5585
2436
02:50
02:50
MR. SCARDINO: Excuse me.
MR. SCARDINO: Well, in light of that answer, if he's
telling us he doesn't know any of the details of that
complicated transaction, I would ask that his testimony be
stricken regarding that transaction.
THE COURT: All right. What's your response?
MR. COSTA: He was just -- he explained he wasn't
9
02:50
02:50
02:51
heavily involved in it and that that -- he was just explaining
10
what was being done on that spreadsheet that he was sent.
11
MR. SCARDINO: But he -- I mean, he --
12
THE COURT: I understand exactly what you're saying.
13
MR. COSTA: I'm about to set it up.
14
THE COURT: I'm just wondering if there's enough for
15
him to continue going. I'm going to give him a little more
16
leeway. Make your objection again if you have to. You may
17
take him on voir dire perhaps later on.
18
MR. SCARDINO: Yes, your Honor.
19
THE COURT: Then again, it may go to the weight, not
20
to the admissibility, also relative to cross-examination.
21
02:51
So, go on. You heard what the objection is.
22
MR. COSTA: Right.
23
THE COURT: You know, it may have some validity if you
24
can't -- just try to clear it up.
25
BY MR. COSTA:
713.250.5585
2437
02:51
02:51
02:51
02:51
02:52
02:52
Q. Were you aware of transactions in the past that were used
to try and offset the amount of the loan -- the amount of the
money Mr. Stanford owed back to the bank?
A. Yes.
Q. Did those transactions involve real estate?
A. No.
Q. What did they involve?
A. They involved private equity.
Q. What is private equity?
10
A. Those are private companies; they're not public companies.
11
Q. And was there a Stanford company that dealt with private
12
equity?
13
A. Yes.
14
Q. What was the name of that company?
15
A. Stanford Venture Capital Holdings.
16
Q. A separate company from Stanford International Bank?
17
A. That's correct.
18
Q. Was it one of the companies that was getting this funding
19
from the bank's CD money?
20
A. Yes.
21
Q. And was -- how many times were you aware of transfers
22
involving private equity being used to pay down the loan
23
Mr. Stanford had -- or owed to the bank?
24
A. There were two transfers.
25
Q. Do you recall the years?
713.250.5585
2438
02:52
02:52
02:53
02:53
A. 2004 and 2007.
Q. Were you involved in the 2007 transaction?
A. Yes, I was.
Q. And generally explain how that transaction worked.
A. Stanford Venture Capital had a list of private equity that
they owned. And so, from that list several of those companies
were picked to transfer that investment into Sterling Bank.
But the way it would flow, it would go first -- it would
transfer at cost to Mr. Stanford, since he was the sole
10
shareholder of Stanford Venture Capital. And from
11
Mr. Stanford, Mr. Stanford then will transfer that -- those
12
private equities at market value to the bank.
13
Q. The flow of that transaction, is that similar to what you
14
saw in that attachment to the real estate deal?
15
A. Similar, yes.
16
02:53
02:54
17
BY MR. COSTA:
18
Q. Do you have a flow chart that will help explain the
19
movement of this private equity?
20
A. Yes, through the flow chart.
21
Q. What is that e-mail, Mr. Amadio?
22
A. This is the list of the investment portfolio that was in
23
Stanford Venture Capital Holdings as of November of 2007.
24
Q. And do you know why in 2007 there was a need to have this
25
private equity be given to the bank?
713.250.5585
2439
02:54
02:54
02:55
02:55
02:55
02:55
A. I believe at that time the bank was needing, also, again,
to be capitalized, increase the capital.
Q. What is the capital? What does "capital" mean?
A. That's the shareholder's equity infusion of cash into
his -- into the bank.
Q. Why did the bank need more capital in 2007?
A. I believe at that time there's -- according to regulations,
the bank had a certain ratio between liabilities and the assets
and that is that cushion that needs to be kept in the capital
10
portion to be able to -- in case of withdrawals of deposits to
11
have enough to cover for those withdrawals.
12
Q. That's the cushion where the regulations want the bank's
13
assets to be more than what it owes the depositors?
14
A. That is correct.
15
Q. There has to be a certain amount -- a cushion there of a
16
certain level?
17
A. Yes.
18
Q. And in 2007 that cushion wasn't enough, so there needed to
19
be capital put into the bank?
20
A. That's correct.
21
Q. Did Mr. Stanford just write a check to deal with that?
22
A. He could.
23
Q. Did he?
24
A. No.
25
Q. How do you know he could have? How do you know he had the
713.250.5585
2440
02:55
02:55
02:56
money to do that?
A. Well, I didn't know if he had the money. But I'm saying
that that --
Q. Theoretically he could have, you're saying?
A. In theory, that would have been a proper procedure.
Q. But did he do that?
A. No.
Q. Instead of writing a check to increase that cushion that
the bank needed, he transferred this private equity to the
10
bank?
11
A. That is correct.
12
02:56
02:56
02:57
MR. COSTA: We can go to Page 3.
13
BY MR. COSTA:
14
Q. Does this show the movement of that private equity that was
15
planned in 2007 to help increase the bank's cushion between
16
what it had on its books and what it owed to depositors?
17
A. Yes, it is.
18
Q. So, where were -- where at that time were the private
19
equity investments?
20
A. They were in Stanford Venture Capital Holdings.
21
Q. And the first red arrow is showing that -- what's going to
22
happen legally to -- as to those private equity investments?
23
A. They were going to be transferred at book value to R. Allen
24
Stanford.
25
Q. What does "book value" mean?
713.250.5585
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02:57
02:57
02:57
A. Means the cost of those investments that are reflected
into -- in the financials of Stanford Venture Capital.
Q. What the initial investments were?
A. That's right.
Q. And then when it went to Mr. Stanford, what was going to
happen next with the second red arrow?
A. From there it was going to be transferred at market value
to Stanford International Bank, Limited.
Q. To the bank?
10
A. To the bank.
11
02:57
THE COURT: And book value -- actual value is higher.
12
Is that correct?
13
BY MR. COSTA:
14
Q. Well, what is market value?
15
A. Well, market value could be higher or could be lower.
16
It --
17
02:58
02:58
THE COURT: Well, some of those figures we saw in one
18
other one had higher amounts. But was that just an estimate?
19
Like purchasing all those -- the islands and so forth, a lot of
20
it said the purchase price and actual market value; but it goes
21
in, what, at then market value?
22
THE WITNESS: It should go into market -- it should be
23
transferred at market value based on evaluation of those lands,
24
yes.
25
BY MR. COSTA:
713.250.5585
2442
02:58
02:58
02:58
02:58
02:59
02:59
Q. Well, but this wasn't land, correct?
A. Correct, this is not land.
Q. This is private equity?
A. That is correct.
Q. But is it your understanding it's the same type of flow
that was being planned for that real estate?
A. Yes. Similar, yes.
Q. But with the private equity, when Mr. Stanford then would
send it to the bank, that was going to be at market value?
10
11
Q. Which should be what? The current prevailing market price,
12
what someone would be willing to pay for that today?
13
14
Q. And what were these investments, what were these private
15
equity investments, what kind of investments were they?
16
A. These investments were on private companies. And they're
17
private equity, private investments to companies that need
18
capital.
19
Q. Generally what size of companies are we talking about?
20
A. They're not large size of companies. They're startups,
21
companies that just started. They have a great idea, great
22
concept, they're looking for companies to invest to raise
23
capital, to raise money.
24
Q. What's the risk level of private equity investments versus,
25
say, a publicly traded stock?
713.250.5585
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02:59
02:59
03:00
03:00
03:00
03:01
A. It's risky. It's a risk business.
Q. What about the liquidity of private equity investments?
A. Well, since they're not -- they're not public, you can't --
you can't sell those stocks in the market and find -- easily to
find buyers like you would have owning Exxon or Shell.
Q. If I wanted to find the market value today of Exxon stock,
what would I have to do?
A. I mean, you will just go to a broker/dealer, buy the
stocks.
10
Q. To find what the value is, can I just go on the Internet?
11
A. Oh, that's right, you can go to the Internet.
12
Q. Or open up the business section of the newspaper?
13
14
Q. How do you find market value for these private equity
15
investments that aren't traded on a public exchange?
16
A. It is more complex. You -- there's got to be an
17
independent valuation done to get a number to see what will be
18
the market value of those -- of those investments.
19
Q. What do you mean by an "independent valuation"?
20
A. There's studies that they need to do on the financials of
21
those private companies to see if they're worth what they're
22
being valued at.
23
Q. And what do you mean by "independent"?
24
A. Well, there is companies that can provide that type of
25
independent valuation. Now, you cannot come up with a market
713.250.5585
2444
03:01
03:01
03:01
03:01
value on your own.
Q. Why not?
A. Because it would not be independent and objective. I mean,
you can have an idea how much they're worth, but it's always
better to have an independent, objective valuation.
Q. Are you familiar with the term "arm's length transactions"?
A. Yes.
Q. What's that mean, an arm's length transaction?
A. It means that what would -- a third party would pay for
10
that.
11
Q. Would these -- a transfer from Stanford Venture Capital
12
Holdings, which is owned by whom?
13
A. Mr. Stanford.
14
Q. -- to Mr. Stanford personally and then to a bank that
15
Mr. Stanford owns, would those be considered arm's length
16
transactions?
17
A. Those are --
18
03:01
03:02
MR. SCARDINO: Objection, unless he's established he's
19
qualified to answer that question.
20
THE COURT: Okay.
21
BY MR. COSTA:
22
Q. In your view, based on your accounting experience, would
23
those be arm's length transactions?
24
A. Those would be arm's length transactions.
25
Q. Would they be -- well, what happened when -- who was asked
713.250.5585
2445
03:02
03:02
03:02
03:03
03:03
03:03
to value the transfers?
A. Let me -- let me say that again. The related party
transactions, the term "arm's length transaction," if it is --
if that transfer happened in the way that a third party would
go ahead and pay and value that investment, that's an arm's
length transaction.
Q. Explain that again. Was a third party involved in these
transactions, other than Mr. Stanford?
A. No, there wasn't.
10
Q. So, where did the market value come from that was used when
11
these transactions were done? Did -- was that independent
12
valuation obtained?
13
A. No, there was no independent valuation.
14
Q. Who came up with the numbers to use for that market
15
valuation?
16
A. Initially there was the capital markets team under Stanford
17
Venture Capital provided some pro forma of the financials of
18
these private equity companies and they gave their opinion of
19
what the value were.
20
Q. Did they make a recommendation, though, as to what should
21
be done before the transactions actually took place?
22
A. Yeah, they had a disclaimer on their valuation, which was
23
that it is recommended to seek independent valuation on those
24
private equities.
25
Q. And were you in discussions with Mr. Davis about this
713.250.5585
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03:04
03:04
03:04
03:04
03:04
03:05
transaction?
A. Yes, we were.
Q. Was this a transaction that had to wait for approval from
Mr. Stanford?
A. He mentioned that he was going to show this to
Mr. Stanford.
Q. Was that independent outside valuation obtained to
determine what the market value was of these investments that
weren't traded on a public exchange?
10
A. There was no independent valuation.
11
Q. Was a reason given why no outside valuation was performed
12
even though the Stanford Venture Capital folks had recommended
13
that be done?
14
A. There was a rush to get this done in a timely manner, very
15
quickly because of the need of capital.
16
Q. At the bank?
17
A. At the bank.
18
Q. And was there a transaction similar to this back in 2004?
19
A. Yes, there was.
20
Q. And do you recall roughly in the 2004 transaction the
21
markup between what was the book value and the market value?
22
Do you recall how much that was?
23
A. It was about -- if I recall correctly, I think it was
24
$310 million that was finally valued on those investments.
25
Q. And what was done with that 310 in marked-up value? How
713.250.5585
2447
03:05
03:05
was that treated?
A. That was treated to reduce the balance in the shareholder
funding.
Q. These billions that had gone from the CD depositors to
Mr. Stanford's other companies?
MR. COSTA: If we can go back to the Elmo, your Honor.
THE COURT: Let me ask you this. Is that resolution
9
03:06
better?
10
THE JURORS: (In unison) Yes.
11
THE COURT: I think we figured it out. I think we
12
figured it out. We'll attend to it during the next break.
13
Go on.
14
03:06
03:06
15
BY MR. COSTA:
16
Q. Is this the end of 2007 report we saw of shareholder
17
funding?
18
MR. SCARDINO: Mr. Costa, what exhibit is this?
19
A JUROR: No, no.
20
MR. COSTA: Well, that's my fault. That's a focus
21
03:06
issue.
22
THE COURT: Please, focus it in, please.
23
MR. COSTA: It's 331.
24
THE COURT: You need a little more focus on it now
25
also. I'm looking. Go look at the numbers from here. No,
713.250.5585
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03:06
1
2
3
4
03:06
03:07
03:07
03:07
03:07
focus, is there a focus on there instead of a zoom?

MR. COSTA: It's usually an auto focus. It usually
does it itself, adjusts but -THE COURT: All right. Just keep going. Okay.
BY MR. COSTA:
Q. Is this the 2007 year end shareholder funding report?
A. Yes, it is.
Q. And we saw earlier that the total amount that had gone from
the depositors to Mr. Stanford's other companies at the end of
10
'07 was 1.6 billion and change?
11
A. That's right.
12
Q. And then is there an entry on here to show that amount
13
reduced based on that private equity flip we just saw?
14
A. Yes, there is.
15
Q. And that was the one from 2004?
16
A. Yes, sir.
17
Q. And it's crediting $310 million as repayment of what
18
Mr. Stanford owes the CD depositors?
19
A. That is correct.
20
Q. Now, was that actually cash?
21
A. No, that was not cash.
22
Q. Was it a -- there wasn't a check Mr. Stanford wrote to pay
23
back the loans?
24
A. No, it wasn't.
25
Q. It's just based on this valuation that Mr. Stanford's own
713.250.5585
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03:07
03:08
03:08
03:08
03:09
03:09
employees had given the private equity?
A. That is correct.
Q. And so, then it shows a total remaining balance of
1.3 billion at year end '07?
Q. For most of the day you've been discussing a number of
concerns and problems you saw while working at Stanford
Financial. Is that right?
A. Yes, sir.
10
Q. Did you express those concerns to anyone else in the
11
company towards the end of your time there?
12
A. Yes, I did.
13
Q. Who -- with whom did you talk?
14
A. I spoke with Luis Garcia, which was the director of
15
internal audit.
16
Q. Where did you have this discussion with Mr. Garcia?
17
A. It was in one of our trips to the US Virgin Islands.
18
Q. Was he a friend of yours?
19
A. Coworker.
20
Q. And why of all the employees there did you decide to talk
21
to Mr. Garcia about your concerns?
22
A. I felt that I could trust him and since he was the internal
23
auditor director of internal audit, I just wanted to tell him
24
what was my concern.
25
Q. What did you tell Mr. Garcia?
713.250.5585
2450
03:09
03:09
03:10
03:10
03:10
03:11
A. I told him that the funding -- all the funding that is
going to all of the entities, it was my belief that all that
money was coming from the clients' deposits from the bank and I
told him also that the revenue entries were done based on
estimations. He expressed --
Q. Well, let's stop there. Let's break that down. The first
thing you said was you told him there was all this funding that
you thought -- you figured had to be coming from the CD
depositors because Mr. Stanford didn't have enough profit in
10
the bank?
11
12
Q. And then the second point you told him was about the --
13
relating to the financial statements?
14
15
Q. Was Mr. Garcia surprised when you told him that all these
16
companies' funding was coming from CD depositors?
17
A. Yes, he was surprised.
18
Q. As the internal auditor, was he able to give you comfort
19
that you had no reason to worry and that the numbers were good
20
and accurate?
21
A. No, no comfort. He agreed that even though the internal
22
audit had requested to see the portfolio, it was not given to
23
them. And he acknowledged that that information was never
24
given to them.
25
Q. About when was this discussion with Mr. Garcia down in the
713.250.5585
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03:11
03:11
03:11
03:11
03:12
03:12
Virgin Islands?
A. Was in middle of 2008, somewhere there.
Q. Did Mr. Garcia leave the company shortly after that
discussion you had with him?
MR. SCARDINO: Objection, irrelevant.
THE WITNESS: Yeah, he left the company. He resigned.
BY MR. COSTA:
Q. Do you recall about when that was?
10
A. I think it was sometime in November or December, if I
11
recall correctly.
12
Q. And by that time in mid to late 2008, were you looking to
13
leave your job at Stanford Financial?
14
A. Yes.
15
Q. What were you being paid at the end of your time then?
16
A. 95,000.
17
Q. What did you do to try to find another job in 2008?
18
A. I started posting my rsum, Monster.com, CareerBuilders.
19
In August of 2008 I received a call from the director of
20
recruiting for Wal-Mart, and I was scheduled to have
21
interviews. And I declined that --
22
Q. Why didn't you want to go work at Wal-Mart?
23
A. It was -- I had to relocate to Arkansas and -- but I
24
continued looking. There was other -- other opportunities,
25
none of that materialized all the way towards February of 2009.
713.250.5585
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03:12
03:13
03:13
03:13
03:13
At that time the economy was getting a little bit tougher and
tougher to find jobs.
Q. Why didn't you want to go to Arkansas with Wal-Mart?
A. I had to relocate the family. I talked it over with my
wife, wife was not willing to relocate.
Q. Do you have kids, Mr. Amadio?
A. Yes, I do.
Q. Tell the jury their ages.
A. I have four kids. I have a 10-year-old son, I have a
10
15-year-old daughter, I have an 18-year-old daughter, and I
11
have a 21-year-old son.
12
Q. And did your wife want to relocate all the kids who were in
13
school to Arkansas?
14
A. No, sir.
15
Q. Why were you looking to leave Stanford in 2008?
16
A. At that time I was very uncomfortable and concerned about
17
the size of how the funding report had grown and seeing that it
18
was never going to be repaid.
19
Q. This was the funding that had grown to $2 billion being
20
taken from the bank to fund the other businesses?
21
A. (Witness nods head).
22
23
24
03:14
25
MR. SCARDINO: Object to the form of the question and

the summary.
THE COURT: Well, that's a leading question.
Sustained.
713.250.5585
2453
03:14
03:14
03:14
03:14
03:15
03:15
BY MR. COSTA:
Q. What was your concern about -- why were you concerned about
how much this report you produced, about how much it had grown?
A. Because of the amount of money and how much that $2 billion
had grown to be and how much that was related to the size of
the portfolio of the bank, that was a big concern. There was a
lot of misleading information provided to the clients.
THE COURT: Sustained. Just question and answer. You
10
can go into this question and answer.
11
BY MR. COSTA:
12
Q. Where was that $2 billion coming from?
13
14
Q. Whose money was it?
15
A. Clients' deposits.
16
Q. And so, you were still working at Stanford Financial when
17
the receiver came in in February of 2009?
18
A. Yes, sir.
19
Q. What do you recall about that day?
20
A. I try not to, but what I recall was we received an e-mail
21
for everybody to meet on one of the floors of the company. And
22
so, when we went up there to that floor, I recall seeing
23
US Marshals and some HPD officers and the receivership was
24
there.
25
Q. What were the employees instructed to do about computers
713.250.5585
2454
03:15
03:15
and documents and work materials like that?
A. It was instructed to leave all --
MR. SCARDINO: Objection as to hearsay.
THE COURT: Excuse me. I'm going to stop the clock
for a second. Give me one second. We're talking about some
housekeeping matters.
03:16
03:16
(Sotto voce discussion at bench with court staff)
THE COURT: Okay. Sorry.
MR. COSTA: I was asking him what the receiver's
10
instructions were about work materials like computers. There's
11
nothing -- it's not a true or false statement, just what the
12
instructions were.
13
THE COURT: Okay. Your objections?
14
MR. SCARDINO: Well, it's hearsay no matter what.
15
THE COURT: I understand what he's saying. Get around
16
it. Can you get around it?
17
03:16
18
no --
19
BY MR. COSTA:
20
Q. What were you instructed to do? What were all the
21
employees told to do?
22
MR. SCARDINO: Before you answer --
23
THE COURT: Now, did he do something because of those
24
03:17
MR. COSTA: Well, it's not for the truth -- there was
25
instructions?
MR. COSTA: Yes.
713.250.5585
2455
03:17
03:17
03:17
03:17
THE COURT: Or forego going through --
MR. COSTA: It showed what his reaction were.
THE COURT: All right. Overruled for that limited
purpose. Thank you.
BY MR. COSTA:
Q. Were the instructions from the receiver about what to do
with computers and other work papers?
THE COURT: Yes or no?
THE WITNESS: Yes.
10
BY MR. COSTA:
11
Q. What were those instructions?
12
A. To leave all computers, computer equipment in the office.
13
Q. Did you leave all your computer equipment in the office?
14
A. No.
15
Q. What did you take home?
16
A. I was still carrying in my laptop bag the laptop that
17
remained in the office, but I kept inside the laptop bag the
18
external drive that we previously --
19
03:17
03:18
THE COURT: They call that -- is that the football?
20
BY MR. COSTA:
21
Q. (Indicating)?
22
A. That was the external drive that was called the football.
23
Q. This is Government 308 that we saw earlier?
24
A. Yes.
25
THE COURT: By the way, how did you come across the
713.250.5585
2456
03:18
1
2
THE WITNESS: That name was given by another
accountant, a coworker that he will refer to as the football.
4
03:18
03:18
03:19
03:19
THE COURT: Any reason -- does he know -- do you know
why he referred to it --
BY MR. COSTA:
Q. Can you show the jury how would you carry this around the
office that led to it being called the football by Mr. Roca?
You can stand up if you would like.
10
THE COURT: Okay. Sure, if you want to. Wait. Hold
11
it. Hold it. This is diversion, just my diversion. Hang on a
12
second. I'll explain it. What the heck.
13
03:18
name "football"?
I'll explain it to the jury, that my theory
14
was -- I understand that that's an in-house decision that was
15
something had to carry and pass it from side to side. But
16
the -- you know, the president of the United States has a
17
military attache who walks with him all the time with a
18
briefcase, an important briefcase and they -- with the atomic
19
codes and everything else and that's called the football. So,
20
I was just assuming -- I couldn't get that response out and
21
that's why I said let's pass it up. But I see no harm in doing
22
it because it's taken on a secondary meaning among people in
23
the security area because that may have been how someone
24
decided to call it a football.
25
But if you notice the president, whenever he
713.250.5585
2457
03:19
03:19
travels, there's always a uniform military person of some --
they shift off the job, Navy, Air Force, Marine Corps, Coast
Guard and -- what did I leave out -- Army, always with him with
a briefcase and that's the -- the atomic codes are in that and
it's known in that genre as the football. So much for all
that.
03:19
Did you take all that -- I guess she took it all
down. So, in effect, if the Appeals Court doesn't know what it
is, in my humble opinion -- you're to disregard anything the
10
judge says. You'll find me saying that from time to time. It
11
has no relevance whatsoever to this case. But maybe we could
12
have had a -- we needed a little break and now we'll move on.
13
03:20
14
MR. COSTA: Absolutely.
15
THE COURT: All right. Is that correct, Mr. Scardino?
16
MR. SCARDINO: Whatever it is, Judge, it's correct.
17
THE COURT: No, no. It's the matter we discussed
18
03:20
03:20
The attorneys know what I'm talking about, right?
sidebar.
19
MR. SCARDINO: Yes.
20
THE COURT: Okay?
21
MR. SCARDINO: Yes, sir.
22
THE COURT: Need a little break.
23
All right. Let's go, please.
24
25
BY MR. COSTA:
713.250.5585
2458
03:20
03:20
03:20
Q. If you want to stand up, Mr. Amadio, and show how you
would -- when you had to walk around with that, how you would
walk around that led to it being called the football.
A. Normally when I would walk around, it would be connected to
the laptop and I would carry this together with the laptop from
my office to -- to a conference room, let's say. And that's
when Rolando Roca saw me like that. And I would put it in top
of the conference room table and work off and update
information of that shareholder funding report, save it, and
10
then carry it back to my office.
11
Q. So, it would be in your hand like that?
12
A. Yeah, it would be in my hand like this.
13
Q. Thank you. You can sit back down.
14
03:21
03:21
03:21
So, you said the day the receiver came in, that
15
was in your laptop bag?
16
A. Yes, it was.
17
Q. And you took it home?
18
A. And I took it home, yes.
19
Q. Why did you take that -- the football home?
20
A. That external drive was -- I took it home because I had --
21
since they were going to take the laptop and I thought they
22
were not going to return it, I had pictures and personal files
23
on the laptop that I had already saved in the external drive.
24
It was a stupid and -- stupid decision on my part of doing
25
that. But the rationale behind that was I had a memory
713.250.5585
2459
03:21
03:22
stick -- I was not using the football anymore. I was using a
memory stick. So, all the --
MR. SCARDINO: Object to the narrative.
THE COURT: Sir?
MR. SCARDINO: Object to the narrative. It's not --
THE COURT: Overruled. I'll let him go into a little
03:22
03:22
03:22
03:22
bit of this as to why --
MR. COSTA: I can break it down.
THE COURT: All right. That's fine.
10
BY MR. COSTA:
11
Q. So, you took that home. At that time were the shareholder
12
funding reports and the other bank documents being saved to
13
another device?
14
A. Yes, they were.
15
Q. What was that other device?
16
A. It was a memory stick.
17
Q. Did you keep that memory stick in the office per the
18
receiver's instructions?
19
A. Yes, I did.
20
Q. You took home that because you had some personal items?
21
A. Yes.
22
Q. What type of personal items?
23
A. Files, pictures.
24
Q. Family pictures?
25
A. Yes. Yes, sir.
713.250.5585
2460
03:22
03:22
03:23
03:23
03:23
03:23
Q. What did you do that night with the football when you had
it at home?
A. When I realized -- because of everything happening, I was
very nervous and concerned and I didn't do anything with it. I
took it back the next day. I took it back to the office,
removed it from my bag, put it into one of the drawers in my
desk, and that's when the FBI was looking for the football.
Q. Did the FBI come find you?
A. Yes, they did.
10
Q. Were you in -- brought into a meeting or a --
11
A. Yes. I was talking with the attorneys of the receivership
12
and they were asking for the football.
13
Q. And what did you tell them about where it was at that point
14
the next day?
15
A. I told them it was in my office. And they said, "Okay.
16
Let's walk together." So, we walked together to my office; and
17
I provided the football.
18
Q. Did you end up hiring a lawyer after the receiver took
19
over?
20
A. After that incident, yes. Prior to that, no.
21
Q. After this search for the football?
22
A. Yes.
23
Q. And then you showing them that it was in your desk by that
24
point?
25
A. That's correct.
713.250.5585
2461
03:23
03:24
03:24
03:24
03:24
03:25
Q. At some point did the government ask your attorneys if you
would be willing to interview with the government?
A. Yes.
Q. When was that in relation to this February, 2009 incident
of the receiver taking over?
A. It was in May of 2010.
Q. So, more than a year later?
Q. And did you and your attorneys agree to sit down with the
10
prosecutors and with the FBI?
11
A. Yes, we did.
12
Q. Was there any type of letter agreement that you signed as
13
part of that discussion?
14
A. Yes, there was.
15
Q. Now, did that agreement -- does that agreement prevent the
16
government from charging you in this case?
17
A. No. It doesn't prevent --
18
Q. Do you know what the term "immunity" means?
19
A. Yes, I do.
20
Q. Do you have immunity in this case?
21
A. No, I don't.
22
Q. What does that agreement say that the government can do
23
with what you told the government during that interview?
24
A. That agreement was to -- if any -- everything I said in
25
that off-the-record meeting that we had in May of 2010 was not
713.250.5585
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03:25
03:25
03:25
03:26
03:26
going to be used against me; but if anything I said there was
not true or found later on that it was not true or factual,
then the government could charge me or --
Q. And could use what you said against you?
A. Use it against me.
Q. If it turned out to be not truthful?
A. That is correct.
Q. And regardless of whether your information was truthful or
not, could the government charge you if it didn't use the
10
statements you made?
11
A. Yes, it could.
12
Q. Based on other evidence and other witnesses, the government
13
still to this day could charge you?
14
15
Q. I take it you hoping you're not charged?
16
A. You're absolutely right.
17
Q. But there's no promise or guarantee about that?
18
A. There is no promise. There is a risk.
19
Q. So, given all you've told us about the problems you saw
20
with the accounting, with the money going from the bank to all
21
these other companies, the reasons you concluded the annual
22
report was not providing accurate information, why did you stay
23
working there for all those years?
24
A. I'm not -- well, I'm not proud of myself for -- for not
25
making the right decision and leaving the company. I was
713.250.5585
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03:26
afraid. I have a family that I have to support and sometimes
you don't -- you look back now and you say: Yeah, I should
have done this, I should have done that.
4
03:26
03:27
03:27
03:27
03:28
Even though I started to look for another job,
you just continue knowing that you have a family to support and
you make dumb and stupid decisions of not standing up for what
you believe; and so, I'm not proud. I regret looking the other
way, and that's all I have to say.
Q. And there were a number of these people in the accounting
10
department who were supervising and over you like Mr. Lopez,
11
Mr. Kuhrt, Mr. Davis, and then ultimately Mr. Stanford as the
12
owner of the companies. Is that right?
13
A. That's correct.
14
Q. And you made, I think you said, 95,000 at the end a year?
15
A. Yes, sir.
16
Q. Did you ever think about -- think seriously about buying a
17
CD with your own, say, retirement money?
18
A. No.
19
Q. Why not?
20
MR. SCARDINO: Objection, relevance.
21
22
BY MR. COSTA:
23
Q. Why did you think if these -- the CDs were paying better
24
interest rates than US banks, right?
25
A. Yes, you're right.
713.250.5585
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03:28
03:28
03:28
Q. So, why not even just consider investing in the CDs?
A. Not only because I probably didn't have money to do that,
but because -- because I knew that information provided in the
annual report was not accurate and truthful. I didn't trust
the numbers.
Q. And you did have -- I think you said you had some -- did
you have some 401(k) or retirement money?
A. Yes, I did.
Q. So, you did have some money available to you?
10
A. Yes.
11
Q. And did you think from what you saw that Stanford
12
International Bank was a safe conservative place you could
13
trust with your retirement savings?
14
03:28
MR. SCARDINO: Objection. He's not established as a
15
witness to be able to form that opinion. He hasn't been
16
established to have the credentials to form an opinion as to --
17
03:28
03:29
18
BY MR. COSTA:
19
Q. Did you think Stanford International Bank was a safe
20
conservative place you could trust with your retirement
21
savings?
22
A. From what I started to learn and what I --
23
MR. SCARDINO: Objection to nonresponsive.
24
THE COURT: Sustained. Yes or no?
25
THE WITNESS: I couldn't trust.
713.250.5585
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03:29
MR. COSTA: Pass the witness, your Honor.
THE COURT: You're going to need your overhead -- your
3
4
03:29
03:29
03:30
03:30
03:30
computer on? Not for awhile?

MR. SCARDINO: Not for awhile.
CROSS-EXAMINATION
BY MR. SCARDINO:
Q. Hello, Mr. Amadio. How are you today?
A. Fine. Thank you.
Q. Make you nervous to come up here and testify?
10
A. Yes, it does.
11
Q. How long have you known you were going to get up and
12
testify in this case?
13
A. Probably since the beginning of this -- since last year.
14
Q. Last year?
15
A. (Nodding head).
16
Q. Been a long time?
17
A. It's been -- yeah, it's been some time.
18
Q. When did you first interview with the FBI?
19
A. We interviewed back in May -- not with the FBI, but with
20
the prosecution, May of 2010.
21
Q. Well, the FBI came and knocked on your door and wanted this
22
football, right?
23
A. Not on my door.
24
Q. Well, they came in somewhere where you were located and
25
were asking for an item that you had in your possession?
713.250.5585
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03:30
03:30
03:30
03:30
03:31
A. This was at the office.
Q. Okay. And when was that?
A. This was in February of 2009.
Q. Okay. And this was just after the receiver took over
Mr. Stanford's businesses?
Q. And they came in and took everything, didn't they, except
the football apparently?
A. They took everything I had in my office, yes.
10
Q. Right. And then you provided them with the football?
11
A. The next day, yes.
12
Q. Okay. And that was the FBI that you were dealing with with
13
the football?
14
A. Yes, that was the FBI.
15
Q. Okay. And they came and asked you for the football, but
16
you didn't give it to them till the next day?
17
A. No. They asked for it that same day.
18
Q. Okay.
19
A. And I provided to them that same day.
20
Q. I misunderstood you then.
21
03:31
And did you have to take them to someplace to get
22
the football?
23
A. My office.
24
Q. Okay. So, you met them somewhere other than your office?
25
A. Like I said previously, I was in the office of the
713.250.5585
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03:31
03:31
03:31
03:32
03:32
attorneys of the receivership meeting with them to answer some
questions.
Q. That was in a different building?
A. It was a different floor, same building.
Q. So, there was a discussion about the football at that time;
or did you volunteer information about the football?
A. No. There was no discussion about the external drive,
football, at that time with the meeting with the receivership.
Q. Okay. So, how did the FBI find out there was a football?
10
Did you tell them?
11
A. No, I didn't.
12
Q. They had to ask you about the football?
13
A. That is correct.
14
Q. Okay. And did they indicate to you how they knew you had
15
the football?
16
A. No.
17
Q. But it wasn't something you had volunteered?
18
A. That's something that I volunteered to give them, is that
19
what you are asking me?
20
Q. Well, you didn't -- when the FBI came -- they came to talk
21
to you, right?
22
A. (Nodding head).
23
Q. And you met with --
24
03:32
25
MR. COSTA: Object as mischaracterization of the

testimony, your Honor.
713.250.5585
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03:32
THE COURT: Rephrase it.
MR. SCARDINO: Actually, I'm just trying to understand
03:32
03:32
03:32
03:32
03:33
it myself.
THE COURT: Okay. Okay.
MR. SCARDINO: So --
BY MR. SCARDINO:
Q. So, to get it straight, I mean, you're -- the receiver is
taking over, you're in an office with lawyers and the receiver,
correct?
10
A. Uh-huh.
11
Q. And lawyers for the receiver?
12
A. That is correct.
13
Q. And lawyers for you? Did you have a lawyer then?
14
A. No, I didn't.
15
Q. Okay. And so, the FBI shows up and you don't have a
16
lawyer; but there's a conversation between you and the FBI,
17
right?
18
19
Q. And you and the receiver?
20
21
Q. Okay. And who was talking to you about what you know about
22
anything involving Stanford's business or what you did for him?
23
Who's talking to you?
24
A. We're talking with the receivership. They were asking
25
questions about my position, who do I report to, those type of
713.250.5585
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03:33
03:33
03:33
03:34
03:34
questions.
Q. And the FBI is there?
A. Well, the FBI -- FBI showed up to that office when I was
having that conversation with the receivership at that time,
asking for the external drive.
Q. Okay. So, now I think I've got it. You're talking to the
receiver that has taken over Mr. Stanford's businesses. And
while you're engaged in that conversation, the FBI shows up?
A. That is correct.
10
Q. Okay. And then the FBI asks you about the football?
11
A. Yes, they did.
12
Q. And how long had you been in the meeting with the receiver
13
when the FBI showed up?
14
A. Probably not even 10, 15 minutes.
15
Q. Okay. Had the receiver asked you about the football?
16
A. No.
17
Q. Do you know how the FBI found out about this thing called a
18
football?
19
A. No, I don't.
20
Q. Okay. When the FBI confronted you with it, was it
21
upsetting to you?
22
A. No. First I had to think twice what they were referring to
23
and FBI agent clarified the external drive. So, immediately I
24
knew what he was talking about. And after that we went to our
25
office -- my office together, and I provided with them with the
713.250.5585
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03:34
03:34
03:34
03:35
03:35
external drive.
Q. Okay. And the FBI went with you to locate this item?
A. Yes.
Q. Okay. And where was it located? Where did you keep it?
A. It was in the drawer of my desk.
Q. Okay. Was it locked?
A. No, it wasn't locked.
Q. And did you hand it over to the FBI without being -- did
they demand it or they just asked you for it?
10
A. They asked for it.
11
Q. And did you give it to them?
12
A. Yes, I did.
13
Q. Did they ask you questions about it?
14
A. Yes, they did.
15
Q. Okay. And how long did they take to ask you questions
16
about it?
17
A. It was probably very short. I would say probably not even
18
five to 10 minutes.
19
Q. Okay. And then they left with the item?
20
A. They did, yes.
21
Q. Did they ask you any other questions about anything else
22
other than the football?
23
A. No.
24
Q. Did you stay there and talk to the receiver for some period
25
of time?
713.250.5585
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03:35
03:35
03:35
03:36
03:36
03:36
A. After that incident, there was another meeting that we were
going to have with the receivership to continue that initial
meeting that I was having with them.
Q. Okay. When you talked to the FBI, did you explain to them
what was on this external hard drive?
A. Very short brief conversation we had, I explained to them
that the external drive, there was also a memory stick in my
desk.
Q. Okay.
10
A. And -- that had more current information or updated
11
information than what the external drive had because I was not
12
using it any more. They asked me if there was bank information
13
and all that and I -- when they started questioning me more and
14
more, I stopped and I mentioned to them that I wanted to have
15
an attorney.
16
Q. Okay. And this was in the same conversation or a
17
subsequent conversation?
18
A. This was in the same conversation that day.
19
Q. So, after you hand it over, you tell them you wanted to
20
talk to a lawyer before you talked to them anymore?
21
A. That's correct.
22
Q. And did you tell that to the receiver also?
23
A. And then I talked to the receiver that that's what I was --
24
yes, I was going to have an attorney.
25
Q. Okay. And so, in your next conversation with the receiver,
713.250.5585
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03:36
03:37
03:37
03:37
03:37
did you have a lawyer?
A. Yes, I did.
Q. Mr. Amadio, did you make any notes of the meeting you had
with the FBI?
A. I had some probably written notes that I --
Q. How about notes of the conversations you had with the
receiver when the FBI was present?
A. That was a very short conversation that we had with the
receivership at that time.
10
Q. So, you told the FBI what was on the external hard drive?
11
A. I briefly told them, yes, it was --
12
Q. What did you tell them was on that device?
13
A. There was reports and things related to --
14
Q. Let me interrupt you. What kind of reports?
15
A. There was nothing specific at that time.
16
Q. Well, I mean, there was -- I mean, it held a lot of
17
information, didn't it?
18
A. It had information related to presentations that were given
19
and to top producers presentations that were related to the
20
bank.
21
Q. Was that a secret? Was that made a secret?
22
A. That was not secret, no.
23
Q. What else was on that external hard drive?
24
A. The shareholder funding report.
25
Q. Was that a secret?
713.250.5585
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03:37
03:38
03:38
A. Yes, that was.
Q. Okay. I mean, was -- it wasn't a secret inside the
business, though, was it?
A. That was a secret in the sense that it was only limited to
certain individuals to know about that report.
Q. And can you tell us who knew about it? I mean, you talked
to the investigator for the Internal Revenue Service at length,
didn't you? I've got the report. I get to get a copy of the
report of the interview with the Internal Revenue Service. I
10
do not have a copy of the report of your interview with the
11
FBI, though. Do you have that?
12
03:38
13
an interview of this two minutes when he handed over the
14
football.
15
MR. SCARDINO: He said he talked to them about it,
16
what was on the external hard drive. I just wonder if they
17
created a report, you know.
18
03:38
03:38
MR. COSTA: I would object to the characterization as
THE WITNESS: It was a very short conversation. There
19
is no report.
20
BY MR. SCARDINO:
21
Q. Well, I'm trying to get what you told them, though,
22
Mr. Amadio, what was on the hard drive and whether or not it
23
was some big, deep, dark secret or not and that was why you had
24
it in your desk drawer. It was something about giving people
25
that were top producers some information about people that sold
713.250.5585
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03:38
03:39
03:39
03:39
03:39
03:40
a lot of the product, right? That was on the hard drive?
Q. Information about the shareholder -- loans to the
shareholder, right?
Q. And you say that was a secret but it was a secret in that
it wasn't for public information. Generally it wasn't in the
Chronicle every morning in the financial page, was it?
A. It was also not to be shared with any other employee of the
10
company. So, when you say "public" --
11
Q. So, you were in the inner circle to know that? You were
12
privileged to know that information?
13
A. That's what I was informed, that -- I was informed that
14
this information only should be seen by Mr. Davis,
15
Mr. Stanford, Gil -- Mark, and Gil.
16
Q. And you?
17
A. Well, I was preparing that report, yes.
18
Q. Right. And you're an accountant, right?
19
A. Yes, I am.
20
Q. You're not a CPA?
21
A. No, I'm not.
22
Q. So, they brought you into the circle to let you know the
23
information about loans to shareholder, right?
24
A. Can you rephrase?
25
Q. Well, you knew about it, you've testified about it here for
713.250.5585
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03:40
03:40
03:40
03:40
03:40
03:41
the last several hours?
A. Yes.
Q. You knew all about loans to shareholder. You've even
explained how it worked and how monies were flowed -- flowed
through that into other companies?
A. That is correct, and --
Q. And, Mr. Amadio, if it was so secret, how come all these
reports that you've been showing the jury about these loans to
shareholder were generated? Were those also secret?
10
A. All that information --
11
Q. Yes, sir.
12
A. -- okay, that report itself, it was to be -- not to be
13
shown to anybody else. The rest of the information is what's
14
in the financials of all the entities.
15
Q. Okay. But all the rest of the financials showed how the
16
money was taken from the bank through the shareholder into the
17
other companies, right?
18
A. No.
19
Q. You haven't talked here for hours about that process and
20
how it worked and how documents were generated and charts and
21
graphs have been drawn to show that transfer of capital and
22
funds? Was that all secret, too?
23
A. You said the financials. The financials do not show that.
24
Let me just clarify that with you.
25
Q. Bear with me. I'm a lawyer and not a CPA or an accountant
713.250.5585
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03:41
03:41
03:41
and the worst businessman you ever met. So, if I don't use a
word of art that accurately describes what we're talking about,
feel free to bring me into the loop with the correct
terminology because I may get it wrong. Can we have that
understanding? If I ask you a question you don't understand,
let me know. I'll try to get it straight.
A. Sure.
Q. Okay. Let's back up a little bit, though, to when you
first met with the FBI. There was something about that that
10
made you very nervous, wasn't there?
11
A. Well, it would make everybody nervous if --
12
Q. Okay. Well, let's not talk about everybody.
13
03:41
03:41
03:42
THE COURT: The answer -- again, it will go a lot
14
quicker, yes or no. And if you can't answer a question yes or
15
not, let me know, let the attorney know. Unless he asks for a
16
narrative, and then you can explain yourself.
17
THE WITNESS: Yes, your Honor.
18
THE COURT: All right. Go on.
19
BY MR. SCARDINO:
20
Q. Mr. Amadio, I'll give it to you that dealing with the FBI
21
in a circumstance where they want to ask you questions about
22
something that they consider criminal might make you
23
apprehensive, right?
24
A. That's correct.
25
Q. Right. You were more than apprehensive in that meeting,
713.250.5585
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03:42
03:42
03:42
03:42
03:42
03:43
though, weren't you?
A. I was.
Q. You fainted, didn't you?
A. Uh-huh, yes, I did.
Q. Did they bring a medical personnel in to help you?
A. No.
Q. Okay. How long were you out?
A. Probably few minutes maybe.
Q. When did you faint? Did you faint when they got there,
10
while they were there, after they left?
11
A. Probably after they left, yes.
12
Q. So, you didn't faint while they were there?
13
A. No.
14
Q. Okay. So, it was something that you were very concerned
15
about?
16
A. Yes.
17
Q. Did you tell them that you were concerned?
18
A. Not at the moment that we talked.
19
Q. How long did you work for this company?
20
A. Six years.
21
Q. Six years?
22
A. (Nodding head).
23
Q. And you were hired to perform a service with your skills as
24
an accountant, correct?
25
A. That's correct.
713.250.5585
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03:43
03:43
03:43
03:43
03:44
03:44
Q. And you told the jury you think you performed that service,
right?
A. I performed the service that I was hired for.
Q. And during the six years, are you telling this jury that
you think that you helped people commit crimes while you were
there?
A. Never intended to commit crimes.
Q. Never intended to commit crimes. Okay. Did anybody tell
you that works for the government that they thought that maybe
10
you did commit crimes?
11
A. I don't know how to answer that question. My intention was
12
never to commit any crimes.
13
Q. Yes, sir. But my point is is in your interviews with the
14
FBI or members of the prosecution team or any agents for the
15
Internal Revenue Service, was it ever suggested to you in those
16
six years when you helped prepare all this information that you
17
shared with the jury that that effort might be interpreted that
18
you helped commit a crime?
19
A. Looking back and knowing the information that I do know now
20
and not knowing and having all of the information in front of
21
me and learning time after time, I can look back and say, you
22
know, that I did not have all the information.
23
Q. Yes, sir. That's not my question, Mr. Amadio. My question
24
is: Were you informed during this entire process of dealing
25
with the government at every level, with prosecutors,
713.250.5585
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03:44
03:45
investigators, criminal investigators for the Internal Revenue
Service that interviewed you back in May for two days, on May
the 5th and 6th of 2010, during any of those interviews and
conversations did any government agent say to you, "Pal, you
might be in trouble"?
A. If I recall correctly, yes, I believe --
Q. Yes, right. You were threatened, weren't you?
A. I don't think --
9
03:45
10
11
03:45
03:45
03:45
THE COURT: Threatened or he felt threatened? You say

threatened.
MR. SCARDINO: I said threatened.
12
BY MR. SCARDINO:
13
Q. I mean, you felt threatened, right?
14
A. I don't think I felt threatened.
15
Q. Well, they sent -- was it an FBI agent or was the criminal
16
intelligence investigator with the Internal Revenue Service?
17
A. I was pretty intimidated, yes, to be in a room like that.
18
Q. Yes. Kalford Young, special agent, pretty badge, Internal
19
Revenue Service, criminal intelligence, suggesting you may have
20
committed a crime, right? Scares you?
21
A. I was nervous, yes, very.
22
Q. Yeah. Did you faint again?
23
A. I'm sorry?
24
Q. Did you faint again?
25
A. No, I didn't.
713.250.5585
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03:45
03:46
03:46
03:46
03:46
03:46
Q. Okay. But you did hire a criminal lawyer, didn't you?
A. Yes, I did.
Q. Okay. And was that Stacey Bond?
A. At that time, yes.
Q. And then after that, she left the firm you had hired and
another lawyer came in, right?
A. That's correct.
Q. And then because of the threat you perceived or that was
made that maybe you had committed a crime, you and this lawyer
10
made a deal with the government to sit down and talk to them
11
and tell them what you know, right?
12
A. We agreed to talk.
13
Q. You agreed to do that and you had a lawyer that gave you
14
advice about how you should do that, right?
15
16
Q. And because you were scared that, oh, my goodness, the six
17
years I worked at Stanford, I never thought I committed a
18
crime, right? You didn't think you had?
19
A. That's right.
20
Q. But you were terrified that somebody from the government
21
might say, Oh, my God, I'm going to throw you in the same pot
22
as Allen Stanford?
23
A. Yeah, I was concerned.
24
Q. Anybody tell you how much time you might get in prison if
25
you were convicted of what they thought you may have done?
713.250.5585
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03:46
03:47
03:47
03:47
03:47
03:48
A. No.
Q. No. But the thought of going to prison with your family
that you already testified to was overwhelming, wasn't it?
A. Yes, it was.
Q. So, that process developed to where you and your lawyer met
with the prosecutors and you put together something called a
proffer agreement, didn't you?
A. That is correct.
Q. That is correct. And the proffer agreement is something
10
where you sit down and talk to the government about what you
11
know and they tell you that if you lie to them, in their
12
opinion, if you lie to them, then they're going to prosecute
13
you. But if you tell them the truth, in their opinion, they'll
14
make some kind of an agreement with you, whether it's not to
15
prosecute you or to prosecute you at a certain level, things
16
like that, right? That's a proffer agreement. Was that your
17
understanding of the agreement you had with the government?
18
A. For the most part, yes.
19
Q. All right. And did they give you a copy of that agreement?
20
A. Yes.
21
Q. Do you have it with you?
22
A. Not in front of me, no.
23
Q. Do you have it somewhere nearby where we can take a peek at
24
it?
25
A. I don't have it with me.
713.250.5585
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03:48
Q. Okay. So, there's no way we can look to see what you told
the government that day and compare it to what you have
testified to here today?
4
03:48
03:48
03:48
03:48
03:49
MR. COSTA: I would object, your Honor. It was given

to prior counsel.
THE COURT: Say again.
MR. COSTA: It was given as part of discovery,
produced, the indication that the defense doesn't have access
to it.
10
MR. SCARDINO: Well, if we've had access to it -- we
11
have thousands of documents and I owe an apology to the
12
government if we have it and just -- I don't have it in my
13
hands.
14
BY MR. SCARDINO:
15
Q. But you do have a copy and you have it somewhere?
16
A. Yes.
17
Q. Okay. So, Mr. Amadio, with all of that background, with
18
your interview with the FBI and the special agent with the IRS
19
and your proffer agreement with prosecutors who can decide
20
whether they're going to charge you with a crime or not, you
21
come in here and you tell this jury your story, right?
22
A. I told them what I knew.
23
Q. Yes, sir. And if you don't tell the jury what is
24
consistent with the prosecutor's theory of the case, what
25
happens?
713.250.5585
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03:49
03:49
03:49
A. I told them what I knew and what I did.
Q. Yes, sir.
A. Not what the prosecution theory is.
Q. Let's jump to the end of the chase. Is it your
understanding that if these prosecutors think you tell this
jury something that they disagree with, you could be in a lot
of trouble, couldn't you?
A. I'm here to tell the truth.
Q. Yes, sir. I didn't ask you that. Is it your understanding
10
that if you testify to something that's different than what
11
these prosecutors think is the truth or what their theory of
12
the case is, you're in trouble, aren't you?
13
14
03:49
15
16
17
03:50
03:50
MR. COSTA: I object to argumentative and asked and

answered.
THE COURT: Sustained as to argumentative. You may
continue on this line if you desire.
MR. SCARDINO: Yes, your Honor.
18
BY MR. SCARDINO:
19
Q. There's no promise -- Mr. Costa asked you, you've got no
20
promise you're not going to be prosecuted. Last thing he asked
21
you, right?
22
A. That's what he said, yes.
23
Q. Right. So, you could still be prosecuted?
24
A. Yes, you're right.
25
Q. Right. So, again, if you say something that's inconsistent
713.250.5585
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03:50
03:50
with what they think, Mr. Costa told you, you can still be
prosecuted?
A. May I say something?
Q. No. You have to answer the questions only.
A. Okay.
6
7
03:50
03:50
03:51
are you asking me?
THE WITNESS: Yeah. Can I say something?
THE COURT: No. Just answer his questions.
10
THE WITNESS: I can't ask you anything.
11
MR. SCARDINO: That was funny.
12
THE COURT: Well, you know --
13
MR. SCARDINO: That was funny.
14
THE COURT: You know, I couldn't resist. It's
15
always -- for instance, you see sometimes a lawyer tell the
16
court reporter to read it back. If you're dealing with
17
straight etiquette, you're supposed to ask the judge and he or
18
she will ask either the witness or the court reporter to read
19
something back.
20
You've been there before, right, counsel?
21
MR. SCARDINO: Yes, your Honor, couple of times.
22
THE COURT: You ready to take a break or you want to
23
03:51
THE COURT: You asking me or are you asking him? No,
keep --
24
MR. SCARDINO: I would. I would love to take a break.
25
THE COURT: All right. I'll grant that objection or
713.250.5585
2485
03:51
03:51
whatever you want to call it.
Ladies and gentlemen, it's now about 10 minutes
to 4:00. We'll take 20 minutes at this point. We'll be back
at 10 after 4:00. See you at that time.
(Recess was taken)
6
7
THE COURT: Let's call the jury in, please.

(Jury present)
8
9
04:15
04:15
04:15
04:15
10
THE COURT: Thank you. Be seated. Just as a

reminder, tomorrow we'll be underway, as you remember, at
10:15.
11
MR. SCARDINO: Proceed, your Honor?
12
THE COURT: Yes.
13
BY MR. SCARDINO:
14
Q. Mr. Amadio, I believe we left discussing the agreement that
15
you have with the government prosecutors?
16
A. Yes.
17
Q. And you entered into an agreement with them to tell the
18
truth, right?
19
A. (Indicating).
20
Q. And your understanding is that you don't have a free pass,
21
that you can still be prosecuted if you say something that is
22
characterized as untruthful?
23
A. Right. That's not true, correct.
24
Q. Now, tell the jury who gets to make the decision about
25
whether what you say is truthful or untruthful.
713.250.5585
2486
04:15
04:15
A. (No response).
Q. In the context of whether you're prosecuted for a crime in
the future?
A. As far as I know, that decision of what's truthful is what
I know it's true.
Q. No, I didn't -- it was an inartfully worded question.
04:16
04:16
04:16
04:16
Your understanding of your agreement with the
prosecutors --
A. Yes.
10
Q. -- is that you must tell the truth. Mr. Costa told you
11
that you have no guarantee that you won't be prosecuted for a
12
crime involving your relationship with the Stanford business
13
that you worked for, right? You can still be prosecuted for
14
preparing these reports, for moving that football around, for
15
whatever they think helps you promote some criminal enterprise
16
and join a conspiracy and promote the ends of that conspiracy.
17
They could still do that, wouldn't they?
18
A. What I understand about that --
19
Q. Yes, sir.
20
A. -- is anything that I had talked to to the government, that
21
if I change my story --
22
Q. Yes, sir.
23
A. -- and I say something that is not according to what I
24
already had spoken with them --
25
Q. Yes, sir.
713.250.5585
2487
04:17
04:17
04:17
04:17
A. -- then in that case, yes.
Q. And so, you talked today about things that weren't all in
the proffer agreement, was there? Did you cover everything, or
did you talk about more things today than you discussed with
the government in your proffer agreement?
A. Pretty much we talked about --
Q. Everything?
A. -- most of it, yes.
Q. Okay. So, who makes the decision about whether you're
10
consistent with what you told them before and you're consistent
11
with their theory of the case and you're telling the truth as
12
they know it? Who makes that decision?
13
MR. COSTA: I would object that the proffer letter
14
says anything about being consistent with our theory of the
15
case. It's a mischaracterization.
16
04:17
04:18
THE COURT: All right. To that extent, sustained.
17
You can rephrase it, counsel.
18
BY MR. SCARDINO:
19
Q. Well, if you say something that they don't think is
20
truthful, what happens?
21
A. Based on what I had said before.
22
Q. Yes, sir. You're prosecuted?
23
A. If I had lied, yes.
24
Q. If you lie here today?
25
A. Yes.
713.250.5585
2488
04:18
04:18
04:18
04:18
04:18
04:18
Q. If they think you lie here today, you get prosecuted,
right?
A. If I lie --
Q. Right.
A. -- and I change what I have said before --
Q. Yes, sir.
A. -- yes. Yes, sir.
Q. So, it has to be consistent?
A. Has to be consistent, yes.
10
Q. I mean, doesn't make any difference what the defense
11
thinks, right, in that regard about whether you're prosecuted
12
or not? We don't have that choice to make, do we?
13
A. No.
14
Q. Judge Hittner sure doesn't have that choice to make, does
15
he, whether you're prosecuted or not, right?
16
17
Q. Jury doesn't have anything to say about that, right?
18
A. That's right.
19
Q. It's all in the hands of the prosecutors?
20
A. Right, based on what I had said before.
21
Q. Now, based on that, you've been testifying here in front of
22
this jury for a number of hours about things that you
23
remembered, things that you did, people that you had
24
conversations with; and you shared that with the jury, right?
25
A. That's correct.
713.250.5585
2489
04:18
04:19
04:19
04:19
Q. Okay. You didn't think you had done anything wrong the
whole six years you were there, did you?
A. No.
Q. If you had seen somebody that was --
5
6
said no. Sometimes we get into that. What he said, is that
correct --
MR. SCARDINO: I'll rephrase it.
THE COURT: You're safer saying "correct" if you agree
10
with him rather than yes or no because sometimes people say
11
"no" and they really mean "yes." So, I just want to be clear.
12
MR. SCARDINO: Can I start over?
13
THE COURT: If you want. We can read that last
14
question back because I think we got a no and you, you know,
15
meant to get a yes. I was talking from the defense point of
16
view. You want it read back, counsel?
17
18
19
04:19
04:19
THE COURT: Hold it. The answer, is that correct, you
MR. SCARDINO: No, sir. If I could just rephrase it,

your Honor.
20
BY MR. SCARDINO:
21
Q. You didn't think you had done anything wrong?
22
A. That's correct.
23
Q. Okay. You didn't think you had committed any crimes?
24
A. That's correct.
25
Q. Okay. And you worked there for six years?
713.250.5585
2490
04:19
04:20
04:20
04:20
04:20
04:20
A. Yes.
Q. And you had some interaction with Allen Stanford, right?
A. Some, yes.
Q. I mean, it was very little contact with Mr. Stanford,
wasn't there?
A. That's correct.
Q. Most of your contact was with other people?
A. That is correct.
Q. Okay. And you worked directly under a particular person.
10
Who was that?
11
A. I worked under first Mark Kuhrt.
12
Q. Mark Kuhrt. And tell us again who Mark Kuhrt is.
13
A. Global controller.
14
Q. Controller. What's a controller?
15
A. Somebody oversees all the accounting aspects of a company.
16
Q. Okay. And who was directly above him?
17
A. Gil Lopez.
18
Q. Okay. And what was his title?
19
A. Chief accounting officer.
20
Q. And who was above him?
21
A. Jim Davis.
22
Q. What was his title?
23
A. He was a CFO.
24
Q. Okay. Who was above him?
25
A. Apparently reporting to Mr. Stanford.
713.250.5585
2491
04:20
04:20
04:21
04:21
04:21
04:21
Q. Okay. So, that's sort of the chain of command?
A. That's correct.
Q. You were down fifth in line. Is that right?
A. That's right.
Q. Something like that. And this was all about accounting
issues, wasn't it?
A. For the most part.
Q. Keeping track of numbers, right?
A. That's right.
10
Q. Right? Did you have anything to do -- Mr. Amadio, did you
11
have anything to do with the promotion of the business?
12
A. No, I didn't.
13
Q. Did you have anything to do with the marketing of the
14
business?
15
A. No, I didn't.
16
Q. Did you get involved at all in the acquisition of assets in
17
the business?
18
A. No, I didn't.
19
Q. Nothing to do with any of that stuff, right?
20
A. That's right.
21
Q. Who was in charge of all of that?
22
A. The CFO.
23
Q. CFO?
24
A. (Nodding head).
25
Q. And that would have been Jim Davis?
713.250.5585
2492
04:21
04:22
04:22
04:22
04:22
04:22
A. Jim Davis, right.
Q. And how much interaction did you have with Mr. Davis?
A. Directly with him, not a whole lot; but we would have
interaction on meetings that we will have when he will come
over to Houston.
Q. Okay. Did anybody ever consult with you about I think we
need to change the way we market this particular aspect of our
business?
A. No.
10
Q. Did anybody consult with you to say: We need to maybe
11
start an airline company that will help get all these rich guys
12
down to the island and if it works, then we have a market -- a
13
monopoly on the airline market? Did anybody consult with you
14
about that?
15
A. No.
16
Q. Have you ever started a business before?
17
A. No.
18
Q. Would you consider yourself in any way an entrepreneur?
19
A. No, sir.
20
Q. You're still concerned about your testimony here today,
21
aren't you?
22
A. In what way, sir?
23
Q. Is your lawyer here?
24
A. Yes.
25
Q. Is she in the courtroom?
713.250.5585
2493
04:22
04:23
04:23
04:23
04:23
04:23
A. Yes, she is.
Q. Okay. You still consulting with a lawyer, then?
A. We talk, yes.
Q. In spite of the fact that you've done nothing wrong?
A. (Nodding head).
Q. You're scared you're going to say something wrong, though,
aren't you?
A. No, not scared. I'm going to say the truth.
Q. And that's why you have your lawyer here?
10
THE COURT: Pull the mike in. You can pull it in.
11
That's fine. Thank you.
12
BY MR. SCARDINO:
13
Q. Right?
14
A. I'm going to say the truth.
15
Q. Yes, sir. I understand that you said that.
16
A. Yes.
17
Q. But you got a lawyer here because you want to make sure you
18
get legal advice about -- you don't want to step outside your
19
agreement with the government, do you?
20
A. Not really.
21
Q. Okay. The football that you talked about, who came up with
22
the idea of putting all the information on this external hard
23
drive?
24
A. The directive came from Mr. Davis to Gil Lopez.
25
Q. Okay. Now, we're talking about Government's 308?
713.250.5585
2494
04:23
04:24
04:24
04:24
04:25
04:25
A. (Indicating).
Q. I just bought a computer a few years ago, so you can tell
me a lot about this. I mean, how much information can be
stored on this?
A. A lot of information related to files.
Q. Okay. So, information relating to files is what was kept
on this device?
A. Correct, yes.
Q. And Jim Davis is the one that said: I want the information
10
downloaded on to something that can be carried around as
11
opposed to keeping it in some computer somewhere, right?
12
A. It was to be downloaded and then it was going to be -- that
13
information was going to be sent to Antigua for them to
14
complete or do all those reports that were in that -- in that
15
hard drive.
16
Q. Okay. And Mr. Davis was the one that said do it this way?
17
A. He wanted it off the network, yes.
18
Q. Who took it off the network?
19
A. I did, I took it off the network.
20
Q. Okay. So, the order came down from Davis. Did it come
21
directly from Davis to you, or did it go down through Kuhrt and
22
Lopez to you?
23
A. Through Lopez, Kuhrt, and me.
24
Q. Okay. So, Lopez is the one that told you: Put that
25
information on this device?
713.250.5585
2495
04:25
04:25
04:25
04:25
04:26
04:26
A. He informed Mark Kuhrt and then Mark told me.
Q. Mr. Amadio, was it accessible in any other way other than
on this device?
A. The information that was pulled out of the network was not
accessible, only accessible through that device.
Q. And who would take the information off the computer and
transfer it here? Anybody other than you?
A. That was only me.
Q. Only you?
10
A. Uh-huh.
11
Q. Kuhrt, Lopez, Davis, none of them did it, right?
12
A. That's correct.
13
Q. Stanford sure didn't do it, right? I mean, do you know if
14
Stanford even could do it?
15
A. No, he didn't do it.
16
Q. Do you know anything about Stanford's skill with computers
17
and hard drives and stuff like that?
18
A. No, I don't.
19
Q. You'd have no idea?
20
A. No idea.
21
Q. Okay. So, was there anything inherently wrong with storing
22
the information on a device like this?
23
A. Initially it was -- there was nothing wrong if it was going
24
to be transferred to where originally they said the parties
25
that were going to be doing the reporting.
713.250.5585
2496
04:26
04:26
04:26
04:26
04:27
04:27
Q. Okay.
A. But as some of this information stayed there and it was not
going anywhere and nobody else was going to continue doing that
information, I felt -- I felt awkward.
Q. Well, you felt awkward; but you didn't think you were
committing a crime?
A. At the moment, no, but I was feeling uneasy, yes.
Q. But you didn't feel like you were committing a crime?
A. Not at the moment, no.
10
Q. And you said you had a thumb drive?
11
A. That's right.
12
Q. What's that?
13
A. It's a smaller memory stick, smaller than that.
14
Q. Same thing but smaller?
15
A. Sure.
16
Q. Okay. And was there information on the thumb drive?
17
A. Yes.
18
Q. And when you would -- would you regularly take information
19
off of the computer and put it on to this device?
20
A. When I was still using that external drive, I would work
21
off the -- directly from the computer to that device.
22
Q. And would you get direction on what information to put from
23
the computer to that device, or did you have authority to
24
transfer what you thought should be transferred or not?
25
A. No, I didn't have authority.
713.250.5585
2497
04:27
04:27
04:27
04:28
04:28
Q. So, you were told specifically what information to put onto
that device?
A. That's correct.
Q. By whom?
A. Through Mark and Gil.
Q. Okay. And do you know if anybody gave them instructions on
what they told you to transfer to this device?
A. I believe through Mr. Davis.
Q. So, would you say Davis, then, was the guy in control of
10
not only saying: I want information off of the computer and
11
inaccessible, but I want specific information removed from the
12
computer and put on this device?
13
A. What he communicated was to -- yes, to remove specific
14
information related to the bank off the network and put it into
15
that external drive.
16
Q. And it wasn't Allen Stanford that did that?
17
A. That's correct.
18
Q. Okay. And so, again, what was on it? You said people that
19
had -- were top producers, people that sold a lot of product?
20
A. Then the question came: Okay, what reports?
21
04:28
And so, there was a folder in the network drive
22
and there was a lot of information related to the bank.
23
Q. Right.
24
A. Presentations done during the top producer meetings.
25
Q. Right.
713.250.5585
2498
04:28
04:28
04:29
04:29
04:29
04:30
A. And so, I asked if that was the information to be
downloaded. And it was, yes, that information, as well as
revenue entry, a spreadsheet as well as -- and then I asked
about the shareholder funding report that also was going to be
considered to be as part of bank information that was supposed
to be saved into the external drive. And it was decided by Gil
and Mark that, yes, that also as well was to be removed. And
eventually that information was going to be then shared and
given then to the accountants in Antigua to continue producing
10
those reports such as the top producer reports and
11
presentations.
12
Q. Okay. So, you didn't think it was necessarily a secret
13
other than that people outside the company wouldn't have access
14
to the information?
15
A. Most of the information that was in the external drive was
16
not a secret because that information was presented to top
17
producers and other employees. The only report that I am aware
18
that was secretive and not to be shared with anybody else
19
besides Stanford, Mr. Davis, Gil and Mark and myself, that I
20
was preparing it, was the shareholder funding report that was
21
presented today.
22
Q. And the shareholder funding report was also on the device,
23
right?
24
A. That is correct.
25
Q. Okay. And you felt like that was not supposed to be
713.250.5585
2499
04:30
04:30
04:30
04:31
04:31
04:31
disseminated to anybody, right?
A. That's what I was told.
Q. Give me just a minute, Mr. Amadio. There's a lot of data
here I need to work through.
Have you had an opportunity to look at the report
that was generated by the IRS agent that interviewed you for
two days back in May of 2010?
A. IRS agent?
Q. Yes, sir.
10
A. No.
11
Q. Haven't looked at it, nobody gave you a copy of it?
12
A. I don't recall.
13
Q. Nobody later came back and said: These are the notes I
14
took of the interview. I want to make sure that I got it
15
right?
16
A. I don't remember.
17
Q. Don't remember?
18
A. (Nodding head).
19
Q. Did anybody give you a copy of a report to review to make
20
corrections that if something was communicated that was
21
incorrect, you could straighten it out?
22
A. I don't remember of any report provided to me to make
23
corrections. Give me a little bit of a time frame.
24
Q. Well, I will. But when you talked to the government
25
prosecutors about this proffer you discussed, they didn't say:
713.250.5585
2500
04:31
04:31
04:32
04:32
04:32
04:32
Listen, when you made the interview with this IRS criminal
investigator, you told them this or that, we want to make sure
that's correct?
A. Sorry, I don't remember.
Q. Do you remember telling that criminal investigator that you
tracked the shareholder note?
A. (No response).
Q. Do you remember telling the investigator that?
A. What was the name of the investigator?
10
Q. I'd have to look at it. It was Kalford Young.
11
A. Mr. Scardino, was this in the May 5th and 6th meeting? Is
12
that what you are referring to?
13
Q. That's correct.
14
A. There was a lot of people in that meeting, and I was
15
answering questions from multiple different people during that
16
time.
17
Q. There were a lot of people at that meeting?
18
A. A lot of individuals, yes.
19
Q. Okay. Were they all out -- looking out after your best
20
interests?
21
A. I don't know how to answer that question.
22
Q. Were they all working for the government?
23
A. It was the government, yes.
24
Q. Okay. Did you have a lawyer there?
25
A. Yes, I did.
713.250.5585
2501
04:32
04:33
04:33
04:33
04:33
04:34
Q. Did you take notes of the meeting?
A. I didn't take notes of the meeting.
Q. Okay. So, going back to Agent Young's interview with you
back in May of 2010, do you recall telling that criminal
investigator for the Internal Revenue Service that you kept
track of the shareholder notes?
A. Kept track of the shareholder notes payable, yes.
Q. Shareholder notes payable?
A. Uh-huh.
10
Q. And was that part of a dialogue that you had with that
11
person about what you did when you were working for the
12
Stanford companies?
13
A. That was part of the responsibility to be able to account
14
properly the financials of every single institution, to keep
15
track of the shareholder funding.
16
Q. Okay. And did you -- were you trying to explain the whole
17
process of the shareholder borrowing money from the bank and
18
that was loaned to shareholder and that whole process that
19
we've talked about here for hours?
20
A. I believe so. I believe at that time we were talking about
21
that.
22
Q. The government was trying to figure out what was going on
23
with that, right?
24
A. They want to know -- they wanted to know more information.
25
Q. Right. So, they were asking you to help them understand
713.250.5585
2502
04:34
04:34
04:34
04:34
04:35
04:35
the process wherein Mr. Stanford was borrowing money from the
bank?
A. They asked me questions about the process of the
shareholder funding. They showed me the shareholder funding
report and they asked me to explain about that and I explained
it.
Q. Okay. And they would ask -- you would explain it; they
would ask you more questions, right?
A. There would be questions, yes, and showing me more reports.
10
Q. When you were explaining that, that you kept track of the
11
shareholder notes, the loans that he made or the money that he
12
borrowed from the bank, did you tell them that that was to be
13
kept secret?
14
A. Yes, I did.
15
Q. Well, do you remember also telling them that the concept of
16
the note payable in shareholder funding was known by the
17
accountants and all affiliated companies that received
18
shareholder funding?
19
A. Yes.
20
Q. You told them that?
21
A. That's correct.
22
Q. So, it was known by all the accountants of all of the
23
affiliated companies?
24
A. What was known from all the affiliated companies, that the
25
shareholder was funding the cash needs of each and one of these
713.250.5585
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04:35
04:35
04:35
04:36
04:36
affiliated companies.
Q. Yes, sir.
A. And so, that money was --
Q. Let me stop you. You're getting ahead of me.
A. Sure.
Q. We'll get there in a minute. But what I want to get to
here is that the concept of it was supposed to be a secret,
therefore, something untoward was going on and they're trying
to hide it. When you told the jury when -- when Mr. Costa was
10
questioning you that it was a secret and it was not to be
11
disseminated, in fact, the information was put on a little
12
device that you carried around or put in your pocket. So,
13
you're leaving the jury with the impression that this was
14
supposed to be a secret; but you're telling the agent back in
15
May of 2010 that it was known by all the accountants of all of
16
the affiliated companies that got money, right?
17
A. Can I answer?
18
Q. Well, you told him that, right?
19
A. Not correctly.
20
Q. Okay. Well, maybe it will refresh your memory. I can show
21
you that part of the report. You can read it and see if it
22
helps you refresh your memory. I've drawn an arrow there,
23
might help you -- read this paragraph right here.
24
A. (Complies).
25
Do you want me to read it out loud?
713.250.5585
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04:36
04:36
04:36
04:37
04:37
04:37
Q. It's, in effect, a police report. It's hearsay. So, it
can't come out; but you can read it to refresh your memory.
A. (Complies).
Q. Okay?
A. Yeah.
Q. Yeah.
A. In context of what it says there, that is correct.
Q. Yeah.
A. Every single accountant knew that there was money coming in
10
on behalf of the shareholder.
11
Q. So, when you tell the jury that only a few people were
12
aware of this within a little inner circle like Kuhrt, Lopez,
13
Amadio and Davis and, therefore, Stanford, that a lot of
14
people -- it was 102 companies, wasn't it? I mean --
15
A. Yeah, there was a lot of a companies.
16
Q. Mr. Amadio, there's an exhibit here that Mr. Costa showed
17
you --
18
MR. SCARDINO: Can I have the Elmo, your Honor?
19
20
MR. SCARDINO: Well, let's see if I can't figure this
21
puppy out. Zoom. There we go.
22
BY MR. SCARDINO:
23
Q. Okay. Now, I digress here just a little bit, Mr. Amadio.
24
But that's a list of the companies that are referred to in this
25
conversation with Agent Young, isn't it?
713.250.5585
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04:37
04:38
04:38
04:38
04:38
A. That's correct.
Q. Okay. And so, all of the accountants of all of these
affiliated companies of which these are listed would all have
knowledge of the loans to shareholder, right?
A. They will have knowledge to the loans to shareholder, but
they will not know where this money was coming from.
Q. Okay. But -- well, I want to talk about that in a minute.
But it really wasn't any of their business, was it, where the
money was coming from?
10
A. Well, the accountants, what they will be concerned, it
11
would be to book their shareholder funding report -- I mean,
12
information properly.
13
Q. Well, they knew the money was coming from Allen Stanford,
14
right? He owned all the companies, right?
15
A. (No response).
16
Q. Isn't that right?
17
A. He owned all the companies.
18
Q. So, they knew where the money was coming from. So, that
19
listing it, the source of the funds --
20
A. But knowing where the money was coming from the bank and
21
knowing that that money was from the clients' deposits, I think
22
that would have changed a lot of people's opinions.
23
Q. And that's what we're here talking about and you're saying
24
that because you know if you don't take that position, it's not
25
in agreement with the prosecutor?
713.250.5585
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04:38
04:38
04:39
04:39
04:39
04:40
A. No, it's not that. It's the truth.
Q. It's the truth as the prosecutor sees it?
A. No, it's the truth according to what I knew.
Q. Okay. That's why you have a lawyer in the courtroom?
A. I have a lawyer in the courtroom, yes.
Q. Let's talk about this a little more. All right? You told
the agent that they -- talking about the affiliated
companies -- knew that RAS -- that's Mr. Stanford -- was
providing funding to their respective companies?
10
A. That's correct.
11
Q. Okay. Let's talk about that for a minute. What was
12
happening -- tell me if I'm wrong. What was happening was that
13
Mr. Stanford was taking money from the bank, borrowing money
14
from the bank, right?
15
A. That's correct.
16
Q. And your job was to keep track of that?
17
A. My job was to keep track of the shareholder funding to his
18
entities.
19
Q. Shareholder funding was part of that, that he borrowed
20
money from the bank and then he funded these companies when
21
they needed capital and as they needed capital, right?
22
A. That is correct.
23
Q. And so, that wasn't a secret, was it, that process of
24
taking money from Company A and loaning it to the shareholder,
25
Allen Stanford, who owned the company, right, owned a hundred
713.250.5585
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04:40
04:40
04:40
04:41
04:41
04:41
percent of it? There was nothing wrong with that concept, was
there?
A. There was wrong, yes. There was wrong.
Q. They were loans?
A. That part -- that part was wrong.
Q. Okay. The company loaning Mr. Stanford money was wrong?
A. Nowhere is disclosed that the bank was to disclose money to
the shareholder. Sir, I disagree with you on that.
Q. You'll have plenty of time to straighten that out when
10
Mr. Costa gets you on redirect.
11
Bear with me, Mr. Amadio.
12
So, your position is something wrong with the
13
bank loaning Mr. Stanford money; or do you think there was
14
something wrong with the way it was characterized to the people
15
that purchased the certificates of deposits? So that we're on
16
the same page with this, don't you think that's what was wrong,
17
the way it was revealed to the persons that purchased
18
Certificates of Deposit?
19
A. What was wrong is what was disclosed in the annual report
20
that there was no loans to -- for the bank to give out.
21
Q. Well, the annual report specifically makes reference to
22
notes, does it not? Haven't we talked about that? Didn't
23
Mr. Costa talk to you about that?
24
A. Notes but they're marketable notes; they're not private
25
equity notes.
713.250.5585
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04:41
04:42
04:42
04:42
Q. It doesn't say that; it just says notes, doesn't it?
A. It says notes, but then there's a line that says about
marketable.
Q. Okay.
A. So, if you are talking about lending money to a private
individual, that's not marketable.
Q. The private individual was the person that owned the
company, though, wasn't he?
A. But he doesn't own the deposits.
10
Q. Mr. Amadio, how knowledgeable are you regarding taxable
11
events and non-taxable events and transferring money from one
12
company to another? Is that something within your realm of
13
expertise?
14
A. Somehow I'm knowledgeable. I'm not an expert.
15
Q. Yeah, you probably know more about it than I do. But is it
16
not perfectly okay for a company to loan the owner of the
17
company money for whatever purpose they want? Is that not
18
okay?
19
04:42
20
Mr. Scardino objected a number of times this morning saying
21
this witness is not an expert. Does he now want him to be an
22
expert?
23
04:42
MR. COSTA: Your Honor, I'd just like a clarification.
MR. SCARDINO: Well, I'm asking him in the same line
24
of questions just factually based, just like you did,
25
Mr. Costa.
713.250.5585
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04:43
1
2
04:43
04:43
04:43
04:43
counsel?
MR. COSTA: Yes.
THE COURT: Thank you.
MR. SCARDINO: Appreciate that.
BY MR. SCARDINO:
Q. So, did you not understand, Mr. Amadio, that it was not
just Mr. Stanford's idea but, in fact, it was -- and you told
the government's investigator this in your report -- that it
10
was Jim Davis' idea and Gil Lopez' idea and Mark Kuhrt's idea
11
to change the way the money was transferred from a letter of
12
credit to a loan? Do you remember talking about that with the
13
IRS agents, that it was Davis, Kuhrt, and Lopez' idea, not
14
Stanford's and the way money was transferred, instead of a
15
letter of credit, it was done through loans to shareholder? Do
16
you remember that?
17
A. I don't quite remember but --
18
Q. Well, I'll find it and show it to you.
19
A. Sure.
20
Q. Here we go. Thank you. On Page 8 of that report, if
21
you'll read that highlighted part of that paragraph, see if it
22
refreshes your memory?
23
A. (Complies).
24
04:44
THE COURT: Just bringing it to our attention, right,
25
There was a change -Q. Did it refresh your memory?
713.250.5585
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04:44
04:44
04:44
04:45
04:45
A. It refreshed my memory, yes.
Q. Okay. So, whose idea was it -- well, first of all, does it
indicate that there were transfers of money from the bank to
Mr. Stanford, the history of that?
A. There was transfers, yes.
Q. The history of that?
A. Yes.
Q. And does it indicate that you knew about it and what you
told the Internal Revenue Service criminal investigator?
10
A. There was intercompany transactions between the companies
11
and I knew that there was transfers, yes.
12
Q. You knew about that, right?
13
A. That's correct.
14
Q. You didn't call the cops and say, whoops, they're breaking
15
the law here with this, did you?
16
A. No, I didn't.
17
Q. No. Because there's absolutely nothing wrong with that in
18
a business transaction, is there? Is there?
19
A. There's nothing wrong with a business transaction --
20
Q. That's my question. Mr. Costa can straighten it out later
21
if he chooses to.
22
04:45
In fact, you know, because you told the
23
government this, that in 2003 and '4, there were lots of
24
intercompany transactions, right?
25
A. That's correct.
713.250.5585
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04:45
04:45
04:45
04:46
04:46
04:46
Q. Now, what do you mean by that, "lots of intercompany
transactions"?
A. A lot of companies were owing money to each other.
Q. Owing money to each other or owing money to Mr. Stanford?
A. Owing money to each other and to Mr. Stanford.
Q. Okay. You're telling this jury that the companies were
loaning money among themselves?
A. Yes, they were.
Q. Okay. And you're familiar with that?
10
A. And there was assumption of debt where Mr. Stanford assumed
11
all that debt from his companies and now those companies, they
12
owe it --
13
Q. I didn't know that. I appreciate you telling me that. So,
14
the companies were loaning money to each other, right?
15
A. Uh-huh.
16
Q. And Stanford was loaning money to the companies?
17
A. That's right.
18
Q. And Stanford was borrowing money from the bank?
19
A. That is correct.
20
Q. Okay. And these are the "lots of intercompany
21
transactions" that you are talking about here, trying to
22
explain it to the government, right?
23
A. That's correct.
24
Q. And you tell the government that in 2004, the method of
25
treating these intercompany transactions --
713.250.5585
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04:46
04:46
MR. COSTA: I object, that's not in evidence.
BY MR. SCARDINO:
Q. -- was changed?
THE COURT: Was it? Is that in evidence?
MR. COSTA: No. It's the --
THE COURT: Amplify --
MR. COSTA: -- investigative report. I'll be happy to
put the whole thing in evidence.
9
04:46
04:46
THE COURT: What are you talking about?
10
MR. COSTA: The investigative report.
11
THE COURT: What?
12
MR. SCARDINO: He wants me to get the --
13
MR. COSTA: The investigative report.
14
THE COURT: 302?
15
MR. COSTA: Yeah, it's an IRS form but essentially
16
like FBI 302.
17
04:46
04:46
THE COURT: All right. Overrule the objection. Go
18
on.
19
BY MR. SCARDINO:
20
Q. Then you have -- you tell them you have knowledge about the
21
way these transactions were characterized. Isn't that correct?
22
A. Yes, I did.
23
Q. And when did you start working for the company?
24
A. In 2002, at the end of 2002.
25
Q. So, right after you came to work there, you learned about
713.250.5585
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04:47
04:47
these intercompany transactions because it was part of your job
to keep track of that?
A. Not right after. This was probably a year and a half to
two years after.
Q. Well, okay. At my age that's right after. Okay?
04:47
04:47
04:47
04:48
So, you learned about that and you even knew who
the persons were that changed the way those transactions were
conducted. Isn't that right?
A. There was a change in the way the funding -- the
10
shareholder funding was going to be treated, yes.
11
Q. The shareholder funding was the money -- so we're on the
12
same page, was the money that Stanford borrowed from the bank
13
shareholder funding?
14
A. Yes, that's right.
15
Q. Who decided to change the way those transactions were
16
carried out? Do you remember?
17
A. Yes.
18
Q. Well, you don't need to refresh your memory?
19
A. No.
20
Q. Okay.
21
A. There was conversation in Gil's office, I believe Mark was
22
there, too, and also Harry --
23
Q. Mr. Amadio, you don't need to tell us how you know, just if
24
you know.
25
A. Yes.
713.250.5585
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04:48
04:48
04:48
04:48
04:48
04:49
Q. You know?
A. Yes.
Q. Okay. And you know -- do you know who the persons were
that made the decision to change the way those transactions
were conducted?
A. Yes.
Q. Tell us.
A. It was Gil Lopez, I believe Harry Failing was there, and
Mark Kuhrt was there, too.
10
Q. Who else?
11
A. In that conversation, that was it for that.
12
Q. Okay. Well, you told the investigator for the IRS that
13
three people decided to change the way it was done. Do you
14
want to refresh your memory again?
15
A. Davis, Lopez, and Mark Kuhrt.
16
Q. Davis, Lopez, and Kuhrt. Okay. Now, can you tell us how
17
the transactions were conducted before they decided to change
18
it?
19
A. There was a -- this is prior to my time or time when I just
20
started working in the company. I believe there was a line of
21
credit.
22
Q. Explain what is a line of credit.
23
A. It's a debt that the company has of borrowing money, has a
24
certain -- what is called a line of credit where they can
25
borrow money from a bank, for instance.
713.250.5585
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04:49
04:49
04:49
04:50
04:50
04:50
Q. Okay. So, explain how they were transferring money from
the bank to Stanford with a line of credit. How did that work?
A. Then there was a promissory note drafted where Mr. Stanford
was borrowing that money from the bank through those promissory
notes.
Q. Okay. So, was that when they were doing it with a line of
credit; or did they change it to a promissory note?
A. That was prior in -- as we saw those promissory notes, some
of them go back to 2003 and prior to that.
10
Q. Now you got me confused. Did you not tell that IRS agent
11
that the process by which money was transferred even back in
12
2003 from the bank to Stanford was with a line of credit?
13
A. There was a line of credit, yes.
14
Q. Right. So, that's the way they did it before, with a line
15
of credit. Then Kuhrt, Davis, and Lopez decided to change the
16
way it was done, right?
17
A. Right. There was not a line of credit anymore.
18
Q. Kuhrt, Lopez, and Davis decided to change the way it was
19
done, right?
20
A. That's correct.
21
Q. Not Stanford?
22
A. Yeah, Stanford's name is not there.
23
Q. Yeah, no. So, those -- those were the guys because those
24
were -- those were the guys that kept track of stuff, that was
25
the chief financial officer, right?
713.250.5585
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04:50
04:50
04:50
04:51
A. Uh-huh.
Q. And he is at the top of the list of guys in charge of
keeping track of the money and investments and things like
that. That's what they do, right?
A. That's correct.
Q. Stanford was kind of the -- more of a big picture guy,
decided what to invest in and that sort of stuff, right?
A. Well --
Q. Do you know?
10
A. What I know is that Mr. Davis will always mention that he
11
would share with the shareholder all these information --
12
Q. You know what, I think he still does. But at any rate, in
13
this transaction, the people that you remembered back when you
14
had this interview with this special agent and they were asking
15
about these transactions, these three guys decided to change it
16
from a letter of credit to what? Do you remember? Refresh
17
your memory with that? Read Line 4.
18
A. (Complies).
19
04:51
04:51
Yeah, to eliminate the letter of credit with a
20
promissory note from the shareholder.
21
Q. Right. So, they changed the method by which money was
22
transferred from the bank to Stanford, right?
23
A. That's correct.
24
Q. No, big secret there, right?
25
A. (No response).
713.250.5585
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04:51
04:52
04:52
04:52
04:52
04:53
Q. Anything about that -- did anybody tell you, Oh, if you
find this out, you better not tell anybody about it, keep it a
secret?
A. Not in that particular -- no.
Q. No?
A. Uh-uh.
Q. Okay. Now, the money that was transferred from the bank to
Stanford, whether it be by a letter of credit vehicle or
whether it be by a promissory note, part of what you were doing
10
was to keep track of that, right?
11
A. After that.
12
Q. After that. Okay.
13
A. Not the promissory note, because that changed again.
14
Q. Changed again?
15
A. There was no more promissory notes. Now the transfers now
16
were directly to the affiliated entity and then distributed as
17
needed to the rest of the affiliated companies.
18
Q. Okay. So, the money quit flowing from the bank through
19
Stanford; it went directly from the bank to the affiliates. Is
20
that what you are saying?
21
A. I don't think it ever flowed directly to Mr. Stanford on
22
the promissory note. It was going straight to the entities.
23
And it was -- he signed that promissory note to fund the
24
different entities.
25
Q. You got me confused again. Stanford borrowed money from
713.250.5585
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04:53
04:53
04:53
04:53
04:54
04:54
Stanford International Bank, Limited. Isn't that correct?
A. That's correct.
Q. And the amount of the note was -- when you last looked at
it, it was like $330 million, wasn't it?
A. That's correct.
Q. Now, you're not telling this jury that he kept the
$330 million, are you?
A. No, he didn't kept it -- he didn't keep the money.
Q. He didn't keep the money?
10
A. He didn't keep the money.
11
Q. No. And I'm hoping that's not the impression you left when
12
you were being examined by the prosecutor, Mr. Costa, on direct
13
examination. That $330 million that Mr. Stanford borrowed from
14
the bank and all these promissory notes that we're talking
15
about went somewhere else, didn't it?
16
A. To his companies.
17
Q. To these companies, right?
18
A. (No response).
19
Q. To these companies, right?
20
A. All these companies that are a hundred percent owned by
21
him, yes.
22
Q. Right?
23
A. Yes.
24
Q. And so, the money flowed through him to these companies to
25
avoid a taxable event. Isn't that correct?
713.250.5585
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04:54
04:54
04:54
04:54
04:55
04:55
A. That is correct.
Q. Okay. And these companies were mostly startup companies,
weren't they?
A. Some of them were.
Q. Some of them were. And startup companies, like new
companies, sometimes need capital to function, don't they?
A. That is correct.
Q. And that was one of the reasons why the money was being
transferred from the entity that had the money into entities
10
that didn't have the money, right?
11
A. That is correct.
12
Q. And the complaint here is that the people that bought the
13
CDs that funded the bank weren't told where the money was going
14
and how it was being invested, according to the theory of the
15
government, right?
16
A. No, sir.
17
Q. Okay. No?
18
A. No.
19
Q. Okay?
20
A. According to the annual report.
21
Q. Yes, sir. But the fact of the matter is that all these
22
loans to shareholder that we've been talking about was a
23
conduit to fund these companies that are listed in Government's
24
Exhibit 331C. Isn't that correct?
25
A. That is correct.
713.250.5585
2520
04:55
04:55
04:55
Q. And didn't you tell the jury that there was such an
imbalance between the assets and the liabilities of these
entities that they would never -- these notes would never be
paid, right? Did you not tell the jury that?
A. The companies were not making enough money to pay it back.
Q. But they were startup companies, weren't they, and they had
the opportunity to make money, didn't they?
A. They were not startup companies, most of these.
Q. You're not an entrepreneur, you said that, right? Never
10
started a company before?
11
A. What does that have to do with --
12
Q. Everything, absolutely everything, Mr. Amadio.
13
14
04:55
THE COURT: Okay. Hold it. Just answer the question.

Okay?
15
THE WITNESS: I'm not an entrepreneur.
16
BY MR. SCARDINO:
17
Q. Let me back up.
18
19
04:56
04:56
THE COURT: Wait. Are you not familiar with that

term?
20
THE WITNESS: I'm familiar with that term.
21
THE COURT: Okay. Are you? Are you an entrepreneur?
22
THE WITNESS: No, I'm not.
23
THE COURT: Okay.
24
BY MR. SCARDINO:
25
Q. You're an accountant, right?
713.250.5585
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04:56
04:56
04:56
04:56
04:56
04:57
A. Yes, I am.
Q. Add up a column of numbers, they're supposed to add up the
same way every time, right?
A. You know how to form a company, you know how to manage --
MR. SCARDINO: Nonresponsive.
BY MR. SCARDINO:
Q. You add up a column of numbers, they add up the same way
every time, right? They don't add up the same way every time,
10
there's something wrong?
11
A. You're right, you're just describing an aspect of an
12
accountant.
13
Q. And there's no risk in that, is there, Mr. Amadio? When
14
you're adding up a column of numbers, they got to add up the
15
right way or you re-add them to make sure your arithmetic is
16
right, right? Is that correct?
17
A. It's -- that is correct, yes.
18
Q. It's your business, Mr. Amadio, that's the line of work
19
that you are in. That's what you are good at, I suppose. You
20
worked there for six years. Nobody fired you. You didn't quit
21
until after the receiver took everything. And you've got
22
something on the Internet that you're bragging about all the
23
work you did at Stanford. I'll talk about that in a minute.
24
But you're not a risk taking kind of guy, are you?
25
A. No.
713.250.5585
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04:57
04:57
04:57
04:57
04:58
04:58
Q. No. So that when a guy like Stanford takes risks, that's
something that it's foreign and uncomfortable to you, isn't it?
A. Can you rephrase the question again?
Q. You're not a risk taker?
A. No, I'm not.
Q. Stanford took risks, didn't he, by the way he started up
some of these companies, like the airlines?
A. (Nodding head).
Q. That was risky, wasn't it?
10
A. That was.
11
Q. Yeah. In fact, do you know that they actually ended up
12
selling their interest in the airlines to another airline
13
that's functioning today down there? Did you know that?
14
A. Yes, I knew that.
15
Q. Okay. So, to tell the jury that they just went out of
16
business is not correct, was it?
17
A. They didn't continue with the same name.
18
Q. No, they changed names; but they retained an interest in
19
the airline that is functioning today. Isn't that correct?
20
That's the more complete story about what happened with the
21
airline investment, isn't it?
22
A. I believe so.
23
Q. Yeah, I believe so. So, these businesses that he started
24
out, some of them were better than others. Some of them made
25
money; some of them didn't, right?
713.250.5585
2523
04:58
04:58
04:58
04:59
04:59
04:59
A. Most of them didn't make money.
THE COURT: Most of them did or did not?
THE WITNESS: Did not make money.
BY MR. SCARDINO:
Q. The way you've characterized this operation, Mr. Amadio, is
that the loans would never be paid and you've listed the value
of these companies as a book value -- be patient with me here
because I'm trying to understand this, too -- and you have
taken the book value to show the value of these companies and
10
how they're not making money and taking the position that the
11
loans to shareholder could never be paid back because the money
12
that he loaned to these companies with that money, they could
13
never pay him back with it, right? These companies owed
14
Stanford the money he loaned them, right?
15
A. That is correct.
16
Q. Okay. So, your position is they would never be able to
17
repay that because they were startup companies and they weren't
18
making any money, right?
19
A. Not all of them were startup companies.
20
Q. Okay. Most of them? Some of them?
21
A. Some of them.
22
Q. Okay. And you've listed the value of these companies and
23
coming to that conclusion, you've listed their book value by
24
doing that, didn't you?
25
A. What do you mean by "their book value"?
713.250.5585
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04:59
04:59
04:59
05:00
05:00
05:00
Q. Well, you tell me. You're the accountant. A book value is
what you paid for it, right?
A. Are you talking about the shareholder funding, the book
value?
Q. No. I'm talking about the -- these affiliates, these
companies that took -- that got the money that flowed from --
to Stanford to the companies.
A. Okay. You talking about the funds that flowed --
Q. The affiliated companies.
10
A. The affiliated companies?
11
Q. Right. You've listed the book value of these companies in
12
coming to your -- forming your opinion about how you thought
13
this was never going to work?
14
A. I based it on the profit and loss statements.
15
Q. Okay. Profit and loss statements aren't always a
16
reflection of what the company might do or the value of the
17
company, is it?
18
A. It is related to it because then there's a going concern in
19
the company, meaning that if the company continues to lose
20
money year after year after year, then there's a going concern
21
in that company to continue in that business. So, you might
22
have a lot of assets or have a lot of capital injected into
23
that company; but if the company continues to lose money, then
24
the company is not generating any money to pay back.
25
Q. There's two ways to book the value of a company. But help
713.250.5585
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05:00
me with this because this has been explained to me. See if I'm
right.
05:01
There's the book value, which is what you pay for
the company. And there's an accounting method by which you
enter that into your books to show this is what was paid for
it. That's the book value.
05:01
05:01
05:01
05:02
And then there's the market value. Isn't that
correct? Two ways to enter it, two ways to characterize that
in accounting terms?
10
11
Q. Okay. So, the market value, I believe Mr. Costa asked you
12
earlier, there's -- there's two ways to characterize -- one way
13
to characterize market is it can either be the -- the same as
14
you paid for it, less than you paid for it, or more than you
15
paid for it, right?
16
A. Correct.
17
Q. So, at times when you buy a company, the market value may
18
be lower than what you paid for it; but that's the nature of
19
making investments, you hope you made a smart investment and
20
that the value of the company goes up?
21
A. That's correct.
22
Q. It doesn't necessarily have to do with revenue, does it,
23
how much it's making? There's other things that will influence
24
the market value of the company other than revenue?
25
A. One of the methods of valuation is revenue so --
713.250.5585
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05:02
05:02
05:02
05:02
05:02
05:02
Q. One of them is.
A. -- you look at the future returns or revenue that that
company can generate --
Q. Yes, sir.
A. And you can --
Q. I like the example of when Tex Schramm bought the Dallas
Texans. It was a losing proposition, turned out to be the most
successful sports franchise in the world, right? So, his book
value of the Dallas Texans was $10; but the market value today
10
is --
11
A. I'm not aware of that. I'm not familiar with it.
12
Q. Not a sports guy?
13
A. No.
14
Q. Not like the Houston Astros, buy them at a book value and
15
then later they're worth so much more?
16
A. (Shaking head).
17
Q. Nope?
18
A. Don't know much about it.
19
Q. Don't know much about it?
20
A. No.
21
Q. But there's companies where you can take the market value
22
to make a valuation to determine the value of the asset, right?
23
A. Sure.
24
Q. And you have taken the book value of all of these companies
25
in coming to that conclusion, didn't you?
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05:03
05:03
05:03
05:03
05:03
05:04
A. Coming to what conclusion?
Q. That there was no way these companies would ever be able to
pay Mr. Stanford back the money he loaned.
A. I base it on the conclusion or the fact that in the six
years that I worked there, I never seen any of these companies
pay back or pay down what's up on the screen.
Q. Yes, sir. These companies -- some of these companies were
acquired before you came there, right?
A. Yes, they were.
10
Q. In fact, most of the companies were acquired before you
11
came there?
12
A. I will say part of them, yes.
13
Q. Part of them. And some of them were acquired while you
14
were there?
15
A. That's correct.
16
Q. And the state of the economy and the world and the United
17
States back in the late Nineties and the early 2000s, do you
18
remember what it was like?
19
A. Yes. I mean --
20
Q. You remember a booming economy where everybody was making
21
scads of money and real estate values were skyrocketing back
22
then? Do you remember that?
23
A. Yeah, I do remember.
24
Q. Yeah. And what happened in about 2007? Do you remember
25
the state of the economy then?
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05:04
05:04
05:04
05:04
05:04
05:04
A. Yep.
Q. Okay. Started heading south, didn't it?
A. That's correct.
Q. Do you remember what happened at the end of 2008?
A. Uh-huh.
Q. Do you want to share that with the jury? What happened?
A. The economy crashed basically.
Q. Yeah. And you're an accountant. It was the worst economy
we've had since the Great Depression, wasn't it?
10
A. That's right.
11
Q. So, somebody that's an entrepreneur that invests in
12
businesses might have had a good idea about something that
13
would be very profitable and make money and would be a heck of
14
a good investment and you should put capital in it when you buy
15
it in the late Nineties and early 2000s, right?
16
A. (No response).
17
Q. Right?
18
A. Uh-huh.
19
Q. And a lot of clever people didn't see this crash coming and
20
they lost money in 2007, '8, and '9, didn't they?
21
A. That's correct.
22
Q. Did you take that into consideration in deciding what was
23
going on with the Stanford empire?
24
A. What I took in consideration of looking at all these
25
entities going back to 2003 all the way through 2008, what I
713.250.5585
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05:05
05:05
05:05
05:06
05:06
05:06
saw was a lot of companies that were not making any profit at
all, during good times, just like you said, and, of course,
during the bad times, things got worse. But none of these
companies were really producing the money to really go ahead
and pay back what we see here on the screen that was borrowed,
even in good times.
Q. You kept track of the success of all these affiliated
entities? You did that?
A. Our Houston office was in charge to consolidate --
10
Q. I didn't ask you that. Did you keep track of the success
11
or failure of all these affiliated entities?
12
A. To answer your question, sir, we kept all of the
13
financials --
14
Q. I didn't ask you that. I asked you if you kept track of
15
the success or failure of all of these affiliated entities.
16
Did you, yes or no?
17
A. What do you mean by "success"?
18
Q. Well, you were saying -- you told the jury that none of
19
them were making any money, they were all a failure, and there
20
was no way it was going to work?
21
A. You have to weigh and measure -- you have to measure that.
22
Q. Did you keep track of the information of these companies
23
and how they were being run, who their managers were, who their
24
employees were, what their sources of supplies were, what
25
their -- who their customer base was? Did you keep track of
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05:06
05:06
05:06
all of that?
A. No, I didn't have --
Q. Marketing, did you follow-up market studies to see shifts
in markets for these companies to do projections about what
their costs might be in the future for the product they had to
have in order to -- if they were selling a product or buying a
product? Did you keep track of anything like that?
A. No, I didn't keep track --
Q. Did you keep track of their managers --
10
11
THE COURT: Hold it. Let him finish. Slow down,

please. Go right ahead.
12
05:07
05:07
05:08
THE WITNESS: No, I didn't keep track of markets.
13
BY MR. SCARDINO:
14
Q. The answer is no. Okay. Let's talk about consolidation.
15
You were there when there was an effort to consolidate the
16
companies, weren't you?
17
A. Yes.
18
Q. You testified on direct examination that you thought the
19
consolidation effort started towards the end of 2008.
20
What was the consolidation project, Mr. Amadio?
21
A. It was a combination of all of the entities and consolidate
22
all the financial statements of all these entity and have a big
23
picture of the results, the profits, combine all of the
24
entities, combining all of the entities, the Stanford entities.
25
Q. Are you talking about these affiliated companies like I've
713.250.5585
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05:08
05:08
05:08
05:08
05:09
05:09
got on the exhibit up here, Government's Exhibit 331C?
A. That is correct.
Q. And would it include other entities other than these
affiliated entities?
A. I believe that those were all the ones in part of the
consolidation.
Q. Would that include Stanford Venture Capital Group?
A. That will include Stanford Venture Capital.
Q. Would that include Stanford Broker/Dealer?
10
A. That would include the broker/dealer as well.
11
Q. Would that include just everything that's -- all the
12
companies that Stanford owned?
13
A. That is correct.
14
Q. Okay. Now, let's talk about what they are. What was the
15
broker/dealer? Do you remember what that was?
16
A. The Stanford Group Company.
17
Q. Yes, sir. And what did they do?
18
A. The broker/dealer will basically have clients and offer
19
different investment products.
20
Q. Okay. So, they were -- the broker/dealers were the people
21
that actually would sell a financial product?
22
A. They would sell financial products, that's right.
23
Q. Okay. And how about the Stanford Venture Capital, what was
24
that?
25
A. That was a private equity company.
713.250.5585
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05:09
05:09
05:09
05:10
05:10
05:10
Q. Okay. And what did they do?
A. The capital markets people -- and that's private equity
company -- will look for startup companies, companies with
potential to grow and look for those companies and either lend
money to those companies.
Q. I mean, like you would -- you would find money that people
would want to use to invest in some venture, so they would put
up capital, therefore, you get the "Venture Capital" title,
right?
10
A. That's correct, it's a private equity.
11
Q. So, Stanford had a company where he employed people that
12
would use Stanford money or raise outside money to invest in
13
some enterprise that looked like it might be profitable, right?
14
A. That's correct.
15
Q. Okay. That was different from these affiliated companies
16
we have listed here in this exhibit, wasn't it?
17
A. It's listed on this exhibit; but, yes, it's different in --
18
Q. Maybe -- yeah.
19
A. Yes.
20
Q. Some of the investments that the Venture Capital group
21
would make would not be specifically listed in these affiliated
22
companies? Like, for example, if they invested in a hotel here
23
in Houston?
24
A. Right, that's correct.
25
Q. And you knew they invested in a hotel here in Houston,
713.250.5585
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05:10
05:10
05:10
05:11
05:11
05:11
right?
A. Yes, I do recall.
Q. Okay. Were you familiar with that -- the Hotel Sorella
investment that they made?
A. Don't have a whole lot of details.
Q. Well, I mean, you were -- kept track of the -- you said of
the investments. Did you realize that they put $16 million
into a hotel here out in Town & Country called Hotel Sorella?
A. Yes, I recall.
10
Q. You remember that?
11
A. Uh-huh, I think so.
12
Q. Do you remember what happened to that investment?
13
A. Don't know. Don't remember.
14
Q. Don't know? Okay. But it was something that there was
15
some due diligence or research done and money was invested in
16
that and other enterprises and that was what that was all
17
about. Was that successful? Was that a successful part of the
18
Stanford companies?
19
A. I would not know that.
20
Q. No idea, got no clue whether that made money or lost money,
21
do you?
22
A. On that particular deal, no, I don't.
23
Q. No. I'm talking about the Stanford Venture Capital. And I
24
don't remember the acronym of what they call the company that
25
would raise this money to make the investments but --
713.250.5585
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05:11
05:11
05:12
05:12
05:12
05:13
A. What do -- what I do know about Stanford Venture Capital is
that most of the promissory notes that we had with convertible
stocks, they were not paying back and these companies were not
able to pay those promissory notes.
Q. Okay. Let's talk about that with the consolidation
project. Now, what was the consolidation project? Was it --
what? Say it again.
A. It was a way to have a big picture of the financial
position of all of the Stanford affiliated companies combined
10
into a consolidated financial.
11
Q. Why did there need to be a big picture?
12
A. That way you can truly see if as a whole, if after you see
13
the companies that are losing money and the companies that --
14
some of the companies that were reporting revenue such as the
15
bank, if you combine everything, you can get a big picture if
16
all of your entities combined, lost and gains, if you have
17
either a positive loss or if you have a -- or if you have a
18
gain.
19
Q. Okay. So --
20
A. A profit.
21
Q. Was the consolidation something that was designed to
22
perpetuate some kind of fraud?
23
A. Not -- no, huh-uh.
24
Q. And whose idea was it to consolidate all these companies?
25
A. When this started towards the end of the idea was -- came
713.250.5585
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05:13
05:13
05:13
05:13
05:14
05:14
from Gil Lopez, Mark Kuhrt. We started talking consolidating
all the companies.
Q. Okay. These were some of the guys that were in charge of
the accounting aspects of the company that would keep track of
where the money was and where the assets were, right?
A. That's correct.
Q. These were the guys that were right under Jim Davis?
A. That's correct.
Q. So, the consolidation idea came from them and not from
10
Davis?
11
A. I'm sure Davis was also informed on that.
12
Q. Okay. Not from Stanford?
13
A. I don't know. I don't know if that's --
14
Q. So, Kuhrt and Lopez wanted to consolidate all the companies
15
so that there would be a better picture of what was going on.
16
Is that right?
17
A. The consolidation started for that --
18
Q. Okay.
19
A. -- for that reason.
20
Q. And what involvement did you have with that?
21
A. The involvement of our accounting team was to take all of
22
the financial statement of each and one of these entities and
23
combine them, consolidate them. It's a complex and long
24
process.
25
Q. Okay. Was it a good idea?
713.250.5585
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05:14
05:14
05:14
05:15
05:15
05:15
A. I think for a common ownership, one sole ownership in this
case for this type of structure, yes, it is -- it is a good way
of getting a big picture of -- combine all your companies, see
how you're really doing.
Q. So, Kuhrt and Lopez were trying to do something that was --
made good sense, good business and accounting sense?
A. Yeah, it was -- it was a management tool, management report
to better report, in a combined consolidated way, all of the
financials.
10
Q. Okay. And you were part of -- you were made part of the
11
consolidation effort, were you not?
12
A. Yes, sir.
13
Q. And then -- and in that process, you learned about that
14
Stanford was trying to put capital back into the bank, right?
15
16
Q. Okay. In fact, the way he was trying to put capital back
17
in the bank -- correct me if I'm wrong -- was by transferring
18
stock that owned property on the island of Antigua, right?
19
A. No. I mean, I don't know about stocks.
20
Q. All right. What's your understanding of how he tried to
21
recapitalize the bank?
22
A. By transferring assets to the bank.
23
Q. Okay. Assets, what are assets? Does that consist of what?
24
Stocks, bonds, is that not --
25
A. Real estate.
713.250.5585
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05:15
05:15
05:16
05:16
05:16
05:17
Q. Real estate?
A. Yes.
Q. Okay. But assets can be stocks, bonds. In this case it
was real estate?
A. Yes, assets can be stocks and bonds.
Q. And the real estate was owned by a company that had issues
of -- shares of stock; and the stock is what was used to try to
capitalize -- or to capitalize the bank, right? That was the
idea.
10
A. I did not know that.
11
Q. Okay. You were preparing schedules that reflected -- in
12
preparing the consolidation schedule, you were informed that
13
you had left off a 541 million-dollar capital infusion. Isn't
14
that correct?
15
16
Q. And who told you that?
17
A. It was Mark Kuhrt told me that.
18
Q. And what did you do when he informed you of that?
19
A. I had mentioned to him that I didn't know -- I didn't have
20
information of that.
21
Q. Okay. And now you do. Now he told you that this had been
22
a capital infusion, and he asked you to change the schedule
23
when you were preparing your consolidation report. Is that
24
right?
25
A. We -- yes. We updated -- that's correct, after that was
713.250.5585
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05:17
05:17
05:17
05:18
05:18
05:18
informed, I mentioned to him that the accountant did not know
about that and that's why it was left off and then we corrected
the report.
Q. So, and did you not learn that what they were trying to do
was take an asset that had a book value of a fixed amount of
money -- Mr. Costa had talked to you about this on direct
examination -- of a piece of property that was purchased for
60 something million dollars and it ended up being valuated at
over $3 billion and we talked about a 5,000-dollar increase in
10
the asset -- 5,000 percent increase in the asset. Do you
11
remember that?
12
A. I do remember that.
13
Q. Okay. And is that what they were doing with this -- this
14
capital infusion into the bank with the stocks that owned the
15
real estate?
16
A. Well, now that we know what's related --
17
Q. Yes, sir.
18
A. -- I believe so, yes.
19
Q. That was not a secret, was it? Nobody was trying to keep
20
that secret, were they?
21
A. About that infusion?
22
Q. Yes, sir.
23
A. No, that was not a secret. That was in an e-mail.
24
Q. And what the infusion was?
25
A. Details of that infusion was not disclosed to everybody. I
713.250.5585
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05:18
05:18
05:18
05:19
05:19
did not know about it.
Q. Might not have been within the loop of something that you
would necessarily need to know. Isn't that correct?
A. That's correct, I didn't know about it.
Q. And this was at a period of time when it was -- people were
demanding their money out of the bank, wasn't it?
A. I do not have that information. I do not know.
Q. Well, the bank was -- sold a financial product, a
Certificate of Deposit, did it not?
10
A. Yes, it did.
11
Q. Okay. And the people were wanting their money out of the
12
bank because the economy was crashing, wasn't it?
13
A. Yeah, economy was real bad.
14
Q. Big banks were failing, weren't they?
15
A. Yes, they were.
16
Q. In fact, banks here in the United States, big banks got
17
bailed out, didn't they?
18
A. They did, yes.
19
Q. Okay. Stanford didn't have a government window to go to to
20
bail out, did he? He was on the island of Antigua, right?
21
MR. COSTA: Objection, your Honor, violated --
22
MR. SCARDINO: Withdrawn.
23
MR. COSTA: -- the motion in limine. And the fact
24
05:19
25
that it was an offshore bank, it wasn't entitled to US money.

MR. SCARDINO: Motion in limine?
713.250.5585
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05:19
THE COURT: Yep.
MR. SCARDINO: Can I have just a minute?
THE COURT: Sure.
4
05:19
Okay. Anybody want to stand? Do you need to

take a break? I don't see any hands.
6
7
BY MR. SCARDINO:
Q. So, Mr. Amadio --
9
05:22
05:22
05:22
05:22
Okay. Let's go, please.
10
THE COURT: Microphone, please.

MR. SCARDINO: Thank you.
11
BY MR. SCARDINO:
12
Q. The economy was crashing and people wanted their money out
13
of the bank. You knew that?
14
A. Yes, sir.
15
Q. Okay. And the Certificate of Deposit is a contract between
16
the bank and the depositor where the depositor gives the bank
17
money, the bank promises to pay them the money back plus
18
interest in a fixed period of time. Isn't that a Certificate
19
of Deposit?
20
A. That's correct.
21
Q. Okay. Person that buys that financial instrument doesn't
22
own any part of the bank, do they?
23
A. That's correct.
24
Q. They're not stockholders?
25
A. That's right.
713.250.5585
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05:23
05:23
05:23
Q. And banks do this all the time, don't they? It's the way
banks make money?
A. Banks do offer CDs, correct.
Q. Right. I mean, the bank takes your money, they agree to
pay you a certain amount of money and then they take the money
and invest it somewhere and it makes them profitable. That's
why bankers all live in River Oaks, right?
A. (No response).
Q. That's the way banks --
10
11
05:23
05:24
too. I don't know of any judges that live in River Oaks.
12
MR. COSTA: Or prosecutors.
13
THE COURT: Well, some do but may not be all their
14
05:23
THE COURT: Some lawyers I know live in River Oaks,
funds.
15
MR. SCARDINO: I'll leave that alone.
16
THE COURT: They may have a spouse that assists.
17
Okay?
18
BY MR. SCARDINO:
19
Q. So that the bank takes the money and they hopefully invest
20
it in something that makes more than they have to pay the
21
person that purchased the CD and that's the spread?
22
23
Q. Okay. And the person that buys the CD doesn't have a thing
24
to say about where the bank invests the money, do they, as a
25
rule?
713.250.5585
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05:24
05:24
05:24
05:24
05:24
05:25
A. They don't have anything to say, right.
Q. Like shareholders got a lot to say about how the company is
run and how the company invests but not a CD holder?
A. Right. That's correct, yes.
Q. Okay. So, Stanford sold CDs; and when the economy was
crashing, the CD holders wanted their money back because they
were afraid they would lose it?
Q. Okay. In fact, some of the people that wanted their money
10
back early -- say if you had a six-month CD and only three
11
months had gone in, they really didn't have a right to have
12
their CD back, did they, under the terms of the contract?
13
A. I would not know the terms of the contract, but normally
14
there's penalties.
15
Q. Let's just say there's -- the terms of the contract, say,
16
for a six-month CD, if you -- if it's an early withdrawal,
17
there's some penalty, you either don't get your interest or you
18
don't get your interest plus some penalty, right?
19
20
Q. Not uncommon?
21
22
Q. And you're familiar, aren't you, Mr. Amadio, that during
23
that period of time that a lot of -- most of the people that
24
had Certificates of Deposit with Mr. Stanford's bank wanted
25
their money back even early, right?
713.250.5585
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05:25
05:25
05:25
05:25
05:25
05:26
A. That's what I heard, yes.
Q. Yeah. Well, I mean, you worked there and you were an
accountant there, right?
A. I was an accountant but not for the bank.
Q. Yeah. Okay. But you knew that he paid all those demands
for the money, don't you?
A. I would not know that.
Q. Don't know that?
A. No, I don't know that.
10
Q. Okay. You haven't learned that since you've had all your
11
interviews with the government and all your proffers and
12
debriefings, you haven't learned that Stanford paid all those
13
demands from these people, even early withdrawals?
14
A. During the time of the 2008 crash?
15
Q. All the way in to the time until -- yes, sir, until January
16
of 2009.
17
A. No, I was not --
18
Q. Not aware?
19
A. -- aware of --
20
Q. Okay. Well, certainly you were aware that because he paid
21
all these demands for the money that it was -- it put a crunch
22
on the bank financially. They needed some capital, didn't
23
they?
24
A. I'm sure they did.
25
Q. Okay. And so, the whole idea behind this infusion --
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05:26
05:26
05:26
that's what we've been talking about -- was for Mr. Stanford to
put capital into the bank so they could meet their financial
requirements. Isn't that right?
A. I don't know that information but --
Q. Well, did you learn when you were putting all this
information together in this consolidation effort that part of
what Mr. Stanford had used to do this was the interest that he
had in the property in Antigua?
A. I did not know that.
10
Q. Okay. Well, this is what Mr. Costa was asking you about
11
earlier about the piece of property or an investment that you
12
paid some 60 something million dollars for and that -- he
13
didn't say how long, but a number of years later, 10 years
14
later, 12 years later, the asset is worth over $3 billion,
15
5,000 --
16
17
18
19
05:27
20
21
05:27
MR. COSTA: Object to facts not in evidence about

10 years and, in fact, that's contrary to when it was bought.
MR. SCARDINO: Over a period of time it is not
contrary to when it was bought but -MR. COSTA: All right. The jury will see the evidence
ultimately when that was bought.
22
MR. SCARDINO: The jury will see the evidence --
23
THE COURT: Absolutely. Let's go.
24
BY MR. SCARDINO:
25
Q. Are you familiar with the efforts Mr. Stanford made in
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05:27
05:27
05:28
05:28
05:28
dealing with the Island of Antigua to acquire assets on that
island?
A. No, I don't know.
Q. And you don't know about the -- the government didn't talk
to you about -- in their debriefing and their proffer with you
about how he had gotten permits and had purchased property and
made agreements with the island to acquire all this property
for a particular goal that he had in mind?
A. Don't recall ever talking about that with the government.
10
Q. Do you remember telling the investigator when -- back in
11
May of 2010 that you were familiar with Mr. Stanford's vision?
12
A. Yes, on that -- in that case, yes -- on that, yes.
13
Q. Okay. Do you remember telling what that vision was?
14
A. Vision was to build resorts, high-end resorts, luxurious
15
resorts.
16
Q. Where?
17
A. In the Caribbean islands.
18
Q. Okay. So, if he was in the effort of -- in the process of
19
doing that, are you familiar with the fact that he was building
20
an airport and a marina? Do you know that?
21
A. Aware of the airport.
22
Q. On the island of Antigua, a fixed based operation, FBO, for
23
private use? You understand that FBO, fixed base operations,
24
for private aircraft?
25
A. Uh-huh.
713.250.5585
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05:28
05:28
05:29
05:29
05:29
05:29
Q. You know that?
A. Yes.
Q. Okay. You know he was -- in fact, had built a hangar. Did
you see the hangar that he built?
A. In Antigua, no, I didn't --
Q. How about the marina, did you see that?
A. No, I didn't see the marina.
Q. Okay. How about the desalination plant he built, did you
see that?
10
A. No, I didn't see that either.
11
Q. Okay. How about the property that he acquired, did you see
12
any of that?
13
A. Can I ask you a question?
14
Q. No. How about the -- do you need to take a break?
15
A. No, I don't need a break. Are you talking about the
16
desalinization for Maiden Island?
17
Q. Yes.
18
A. I was aware of that, yes.
19
Q. Okay.
20
A. Small little island.
21
Q. And the money that he spent on architecture fees and
22
information technology that he was putting in place to develop
23
this dream that he was talking to you about?
24
A. I did see some of that money going towards that --
25
Q. Mr. Amadio, then, the -- the money that was spent on a
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05:29
05:30
piece of land was $6 and you spent all this time and money
developing the land by putting an infrastructure in, by doing
architectural work, by putting in marinas and airports and
desalination plants, wouldn't that increase the value of the
land?
A. I would have no knowledge of how much it will increase --
Q. Wouldn't whatever that increased value be then the market
price or market value of the land as opposed to the book value
of the land?
10
11
05:30
05:30
he's talking about?
12
THE COURT: Okay.
13
MR. COSTA: The land that they valued at $2.3 billion
14
05:30
MR. COSTA: May I ask for a clarification on what land
15
or all this other land where airports and other things were?
THE COURT: Okay. If you just clarify, please, sir.
16
BY MR. SCARDINO:
17
Q. Well, actually, just in general, in a hypothetical
18
question, when we're talking about accounting terms, the
19
difference between book value and market value. That's the
20
point I'm trying to make. Stanford paid so much money for a
21
piece of land, spent all this time and money improving it, so
22
then the market value is -- should be hopefully much more?
23
A. That is correct.
24
Q. Okay. So, something as small as an island in the Caribbean
25
and the West Indies where they have absolutely perfect beaches
713.250.5585
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05:30
05:31
05:31
05:31
and beautiful water and there's very few of them, would it not
be reasonable to expect that the market value of that could
zoom under the right circumstances, right?
A. It could -- yes, the price could increase.
Q. Yes. Especially if it's to cater to billionaires and not,
you know, people like me that can't afford to pay attention,
right? If your market is that high, it's possible that the
market value could be -- skyrocket above the book value?
A. 5,000 percent?
10
Q. Yeah, 5,000 percent.
11
A. It seems excessive.
12
Q. It seems excessive. But you're not a businessman and not
13
an entrepreneur, are you?
14
A. No, I'm not.
15
Q. All right. But you are here testifying for the government,
16
aren't you?
17
A. I'm testifying, yes.
18
Q. So, this was what Mr. Stanford was using -- his interest in
19
this island property was what he was making an attempt to use
20
to capitalize his bank, was it not?
21
A. Yes.
22
05:32
MR. SCARDINO: Your Honor, I'm getting so much
23
instruction up here, I might ask if I can retire and put on a
24
uniform.
25
I had a point to make here. Let's see. Oh, here
713.250.5585
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05:32
05:32
we go.
BY MR. SCARDINO:
Q. Did you not tell the investigator that -- and I'm sorry, I
digress and jump all the way back to talking about that little
device down there. But when you were talking to that Internal
Revenue Service agent about that doohickey down there --
whatever it's called, that little silver thing down there, we
store information on it --
9
05:33
05:33
05:33
05:34
THE COURT: Football.
10
MR. SCARDINO: Well, it's called something else.
11
MR. COSTA: An external hard drive.
12
MR. SCARDINO: Right, external hard drive. Thank you.
13
BY MR. SCARDINO:
14
Q. -- that there wasn't anything secret about it? Do you
15
remember telling him that?
16
A. That there was nothing secret about it?
17
Q. Nothing secret on it.
18
A. I don't recall saying that.
19
Q. Okay. I'll find it.
20
All right. I'll come back to that. Let's talk a
21
minute about Mr. Hewlett. Do you remember talking about him on
22
direct examination?
23
A. Yes.
24
Q. Okay. Tell us again who he was.
25
A. Mr. Hewlett was the CPA that was external auditor for the
713.250.5585
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05:34
05:34
05:34
05:34
05:35
05:35
bank and other affiliated entities down in Antigua.
Q. Yes, sir. What is an external auditor?
A. External auditor, they're not employees of the companies
and what they do is provide an independent review and
evaluation of the financials and the integrity of the
information presented on those financials.
Q. Okay. And he was the external auditor for -- for what?
A. For Stanford International Bank as well as other Antiguan
companies down there.
10
Q. Okay. Stanford International Bank and other Antiguan
11
companies?
12
A. That's correct.
13
Q. Other Antiguan companies that were owned by Mr. Stanford?
14
A. Yes, sir.
15
Q. Okay. Do you know how many companies that he was the --
16
that he functioned as the external auditor?
17
A. I believe about five or six.
18
Q. You believe?
19
A. That I can remember, yes.
20
Q. Okay. So, could there have been more?
21
A. Not that I was aware.
22
Q. Not that you're aware of; but there could have been more,
23
right?
24
A. There was many other Antiguan companies as well, yes.
25
Q. There were many other Antiguan companies. You don't know
713.250.5585
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05:35
05:35
05:35
05:35
05:36
05:36
what relationship Allen Stanford or Jim Davis had with
Mr. Hewlett and their requests for him to act as an external
auditor for various companies, do you?
A. No, I don't have that --
Q. You have no idea whether Stanford and Davis or anybody else
in the Stanford empire had Mr. Hewlett doing other services for
them or doing external audits for any other companies, do you?
A. No, I don't have that.
Q. No. There were over a hundred companies that Mr. Stanford
10
owned, wasn't there?
11
A. In Antigua?
12
Q. No, just in general.
13
A. In general, yes.
14
Q. Okay. And you have no idea whether or not -- what services
15
Hewlett was providing for Stanford and/or Davis, do you?
16
A. The only information I know?
17
Q. Yes, sir, that -- you're testifying about only what you
18
know, right?
19
A. What I knew and what was allocated as his fees.
20
Q. When Mr. Costa asked you about money that was paid to
21
Mr. Hewlett from a Swiss bank account, you have absolutely no
22
idea what that money was for, do you?
23
A. No, I don't.
24
Q. The inference is it was a bribe, though, isn't it?
25
713.250.5585
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05:36
05:36
05:36
05:37
05:37
05:37
Q. Okay. And that Mr. Hewlett was -- wasn't performing his
service as an external auditor because he was getting paid this
money, extra money from the Swiss account. In fact, you think
he was being paid too much money with the money he was being
paid out of the bank, right?
Q. Okay. That's too many questions there at once. But I
mean, Mr. Amadio, do you have any idea what a proper fee would
be for the services that Mr. Hewlett performed for the bank?
10
Have you ever acted as an external auditor before?
11
A. No. But I did work with external auditors and I received
12
bills and the fact is that the $25,000 that we saw on the
13
screen and how that was allocated through those Antiguan
14
companies -- and there were not a hundred. There were just a
15
handful of companies.
16
Q. Okay.
17
A. Based on that information that I knew is what seemed to be
18
excessive if you add also, as well, what was not reported in
19
the books. And when I inquired about that bank account, I was
20
told that that was a Mr. Stanford account and to leave it
21
alone.
22
Q. None of your business, right?
23
A. None of my business, yes.
24
Q. I mean, do you know if Mr. Stanford was generous in the way
25
he paid his people? Was he generous in the way he paid you?
713.250.5585
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05:37
05:37
05:38
05:38
05:38
05:38
A. If he was generous in the way he paid me?
Q. Yes, sir.
A. I believe he paid me according to market.
Q. Okay. Do you know how about -- did he hire the best of the
best people as a rule?
A. That's what he will say, yes.
Q. He hired you, didn't he?
A. He hired me, yes.
Q. Yeah, you worked for him. So, you've never worked as an
10
external auditor, right?
11
A. I work with external auditor but not as an external
12
auditor.
13
Q. So, have you ever negotiated a fee for an external auditor
14
to do work for a company to act as an external auditor?
15
A. Yes, I have.
16
Q. Okay. You have negotiated fees for people?
17
A. Yes, I have.
18
Q. Tell us who it was.
19
A. With external auditors performing audits to a company, yes.
20
Q. You've negotiated the external auditor's fee?
21
A. They have a fee and we talked about how many hours it was
22
going to take and how much is that going to cost. So, they
23
give you -- prior to performing the audit, they give you the
24
fee. Yes, you negotiate that.
25
Q. And so, how much -- do you know the value of the companies
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05:39
05:39
05:39
05:39
05:39
that Mr. Hewlett was performing the service -- wasn't he
dealing with, like, $9 billion?
A. If you are considering SIBL with the other entities, is
that what you're referring to, sir?
Q. Yes, sir, I am.
A. That will be -- yes, adding those assets, yes.
Q. So, he was dealing with a big number with a number of
companies, wasn't he?
A. Yes.
10
Q. Okay. And the money that he was paid was paid in a manner
11
that was easily accessible and traceable, wasn't it?
12
A. Not necessarily.
13
Q. Well, I mean, there were checks written. I mean, he was
14
being paid $18,000 a month. There was a memo, e-mails going
15
around saying we're going to boost his salary up to $25,000 a
16
month, right?
17
A. That was what was in the books, yes.
18
Q. Yes, sir. And you saw checks that were written for that
19
amount, did you not?
20
A. Wire transfers, that's correct.
21
Q. Okay. And then Mr. Costa showed you that he was being paid
22
out of a Swiss account that was Mr. Stanford's account. Is
23
that correct?
24
A. Under the name of a company, yes.
25
Q. Yes, sir, under the name of a company. And how was that
713.250.5585
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05:39
05:40
05:40
05:40
05:40
05:41
money transferred from the account to Mr. Hewlett?
A. I mean, it was wire transferred from --
Q. Wire transfer, that's a traceable event, right?
A. Yes, it is traceable.
Q. Okay. So, if it was a bribe, do you think that that --
would it be indicative of somebody getting a bribe rather than
paying it with currency?
A. I don't know how to answer that question because I --
Q. Fair enough. If you don't know how to answer it, don't
10
answer it. But you haven't had -- you didn't talk to
11
Mr. Hewlett about it, did you?
12
A. No.
13
Q. Okay. Do you know Mr. Hewlett is deceased?
14
A. Yes, I know.
15
Q. Okay. Have you discussed this with anybody? Have you
16
talked to anybody about whether or not this was a bribe, you
17
personally?
18
A. No. Because I didn't know about that.
19
Q. Okay. Let me visit with you just a minute about what he
20
said on direct about how the money came in to the affiliated
21
companies, and you said that all the money -- that you knew
22
that all the money that was transferred into the affiliated
23
entities or companies came from the bank. Do you remember
24
that?
25
A. Yes, sir.
713.250.5585
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05:41
05:41
05:41
05:42
05:42
05:42
Q. Okay. And you -- are you telling this jury that you have
personal knowledge of that?
A. I do have personal knowledge of that.
Q. Okay. Mr. Amadio, isn't it a fact that all the monies that
were earned from the Stanford entities which -- whether or not
it was from the bank or from any of the other entities, all
went into the treasury, Stanford treasury?
A. (No response).
Q. Weren't all monies deposited into the treasury?
10
A. For the Stanford affiliated companies?
11
Q. For all of them. Isn't that the way the businesses were
12
set up, that they all came -- all the money came to the
13
treasury from all these different sources? Do you not know
14
that?
15
A. Yes, I do know that.
16
Q. Okay. So, if the monies came out of the treasury and you
17
don't know where -- what money came in, you weren't tasked with
18
keeping up with that, were you?
19
A. When you say money coming in, from where?
20
Q. From whatever sources that generated income. Wasn't it
21
Maldonado the -- wasn't she the treasurer?
22
23
Q. Okay. So, what she was charged with was taking the money
24
in -- that's the way all businesses work -- and she took it in
25
from whatever source there was money generated?
713.250.5585
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05:42
05:43
05:43
05:43
05:44
A. Correct.
Q. And then she was told where money needed to go and where to
send it after that. Isn't that how that's set up, like all
businesses?
A. Yes, the money was coming out of the treasury from SIBL
bank accounts to affiliated companies.
Q. Okay. So, the money was coming out of treasury?
A. Was coming out of SIBL.
Q. Not -- not Mrs. Maldonado, coming directly out of SIBL?
10
A. Maldonado is a treasury manager, that the only thing they
11
do is just direct where the money -- from a computer or
12
requesting that to be funded, but the money that shows up on
13
the treasury reports states clearly that it was SIBL bank
14
account that the money was coming from to the affiliated
15
companies.
16
Q. Jumping back to the consolidation, I didn't finish talking
17
to you about that. Did you not learn, Mr. Amadio, that one of
18
the ways that the loan to shareholder was to be retired was in
19
two different ways: One was that the money that he had loaned
20
to the affiliates was an amount that was carried on the books
21
and he was owed that money. Isn't that correct?
22
A. He owed -- yes, that's correct.
23
Q. In fact, you made mention to it in your interview with the
24
special agent with the IRS of how that process worked, that he
25
owed -- he owed the bank money that he had borrowed from the
713.250.5585
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05:44
05:44
05:45
05:45
05:45
bank and the affiliates owed him money that he had taken from
the bank and loaned to them, right?
A. And they -- yes, and then they were dropped down to
capital, so there's no more debt at that point.
Q. Okay. So, there was some offset with that. And one of the
other ways to retire the loan to shareholder was in this
consolidation project where if you took on the books -- and
this is an accounting principle -- see if you agree or disagree
with this -- where they would take the asset that was the
10
property in Antigua that was valued at over $3 billion and they
11
would use that asset to capitalize the bank, recapitalize the
12
bank, where there was a run on the bank and would also use that
13
figure to reduce or eliminate the loans to shareholder, the
14
1.8 billion-dollar loan to shareholder. Was that not the plan
15
of how they were going to retire that debt?
16
A. What we saw on the screen on that, that is -- that was the
17
plan.
18
Q. That was the plan. And that was a way to do this. So,
19
when you say there was no way they were ever going to be able
20
to retire the debt, you don't know that, do you?
21
A. But this was paper. It was not cash.
22
Q. Yes, sir, it was paper; but that's the way that process
23
works is on paper, isn't it?
24
A. But the bank need -- the bank needed capitalization. It
25
needed cash to pay back to the -- they're not going to be able
713.250.5585
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05:45
05:45
05:46
05:46
05:46
05:46
to sell real estate or give pieces of land to the clients. The
clients were looking for their money.
Q. You don't know that they can't sell the real estate, nor do
you know whether or not they couldn't go to a bank and borrow
the money. If you have an asset worth $3 billion, you can
borrow a billion against it, can't you?
A. Well, if you can find a bank that will -- in a down economy
where real estate went down the tube, I mean, if you can find a
bank to do that risky business, I mean, by all means, I mean,
10
that's --
11
Q. So to say that it can't be done or it wasn't realistic or
12
feasible just isn't correct, is it?
13
A. In the economy that we were living?
14
Q. No, just in general?
15
A. In general?
16
Q. The economy may have affected it; but it was an idea that
17
they had as a method to retire the loan to shareholder, wasn't
18
it?
19
A. It was a method, yes.
20
Q. Right. And it was something that they had discussed and it
21
was an effort that they were making, wasn't it?
22
A. That's correct.
23
Q. You wouldn't expect them to be pulling up wheelbarrows full
24
of money into the bank, would you?
25
A. But if the clients are claiming that they want their
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05:46
05:47
05:47
deposit back, how -- by owning real estate that you cannot sell
in 30 days or quick enough to pay back your clients, how do you
do that?
Q. You don't know that. You don't know whether or not they
could turn something that was an asset that had value in it
into something liquid in whatever period of time?
A. Real estate is not liquid, sir.
Q. Yes, sir. Real estate can be liquid, can't it, Mr. Amadio?
A. It could be --
10
Q. Can be?
11
A. -- but it's not considered -- in financial terms and
12
accounting terms, it is not considered as liquid.
13
Q. I think you'll have people disagree with you on that.
14
A. Okay.
15
Q. Let's talk about something else.
16
05:47
05:47
You made a reference that -- in a conversation
17
you were having with Mr. Davis and he was talking about Allen
18
Stanford -- and it's in your report somewhere in here -- where
19
you said on a number of occasions -- or several occasions:
20
Davis referred to Stanford as an emperor has no clothes. Do
21
you remember talking that?
22
A. Yes, sir.
23
Q. Okay. Now, it was Davis that said that?
24
A. That's correct.
25
Q. And he was specifically referring to Stanford?
713.250.5585
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05:47
05:47
A. That is correct.
Q. You remember that old parable or fairytale?
A. About the emperor --
Q. Having no clothes?
A. Yes. Invisible clothes, yes.
Q. Well, no clothes, wasn't it?
A. But he thought he -- it was an invisible clothing.
8
9
05:48
05:48
05:48
05:48
THE COURT: Wasn't visible and he thought it was great

and it looked great.
10
THE WITNESS: Nobody will tell him that he was --
11
THE COURT: He was paying a tailor, that's what it
12
was, to make wonderful invisible clothes that only the
13
righteous could see it or something like that. So, he --
14
THE WITNESS: Something like that.
15
THE COURT: Something like that.
16
BY MR. SCARDINO:
17
Q. I mean, Stanford didn't walk around without any clothes on,
18
did he?
19
A. It's a metaphor.
20
Q. A metaphor. Okay. And so, Davis was referring to Stanford
21
as somebody that thought one thing but something else was
22
reality. Is that what you are saying?
23
A. What I said --
24
Q. Yeah.
25
A. -- earlier is that what I interpret of what Mr. Davis said
713.250.5585
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05:48
05:49
05:49
05:49
05:49
05:50
about that comment or that metaphor was that either
Mr. Stanford did not have any money or any more money or the
companies itself or the bank itself didn't have any more money
to continue because it was in the context of the funding, the
expenses that were growing and growing and growing and having
to be paying large amount of money on the expenses of each one
of these companies.
Q. So, Davis was the one that had the knowledge and had the
information about the finances of the Stanford companies --
10
actually, it's SIBL because Davis was in charge of SIBL, right?
11
A. He had the knowledge of the financials of all of the
12
entities.
13
Q. Okay. He was the CFO of what?
14
A. The CFO of Stanford Financial Group Company but across the
15
board for -- also for the bank.
16
Q. But he ran the bank, right?
17
A. He ran the bank, yes. He was part of the board.
18
Q. Stanford didn't run the bank; Davis ran the bank?
19
A. I would not know that, sir.
20
Q. But when Davis said Stanford reminds him of the metaphor of
21
the emperor has no clothes, did that not indicate to you that
22
Davis had information -- either he had information that
23
Stanford didn't have or that he was knowledgeable in a way that
24
Stanford was not?
25
A. What I know about that and that comment is that Mr. Davis
713.250.5585
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05:50
05:50
05:51
05:51
05:51
05:51
would always refer to Mr. Stanford as the shareholder and that
he would always talk to him about the shareholder funding
report and that he will make mention about the information
provided here. So --
Q. I'm confused. You would talk to Mr. Davis?
A. No. Mr. Davis would mention that to us.
Q. Us, you --
A. To talk about to the accounting team that was myself, Mark
Kuhrt, Gil Lopez, Rolando Roca would be there when -- during
10
budget times these topics will come up about the expenses and
11
how to cut down on the expenses of the companies.
12
Q. Would Davis be in charge of putting the annual report
13
together?
14
A. I'm sorry. Say that again.
15
Q. Would Davis be in charge of putting the annual report
16
together?
17
A. Yes, he would be.
18
Q. And that's the function of a CFO, right?
19
A. He would be, yes, responsible for that.
20
Q. He would be tasked to do that, like you were tasked to be
21
keep track of various things, loans to shareholder and things
22
like that?
23
24
Q. So, the man that's in charge of putting the annual report
25
together was telling you that Stanford was the emperor with no
713.250.5585
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05:51
05:51
05:52
05:52
clothes, right?
A. He said that, yes.
Q. Okay. And how many times would he say that? Would it be
something regular? Would he --
A. That I can recall, he mentioned it, I think, twice.
Q. Twice? And what was going on that made him mention that?
Were you in the process of preparing something, or what was the
occasion?
A. It was in the context of budget preparations.
10
Q. Okay.
11
A. I think -- I believe the first time I heard that was
12
towards the end of 2007, as we were walking into 2008, in the
13
preparation of the budget and showing how much was projected
14
the companies were spending and there was not enough revenue --
15
or projected revenue to cover for all the expenses.
16
05:52
05:53
We talked about reducing costs and talked about
17
reducing the size of the company down in -- Stanford Financial
18
Group Company and downsizing and selling corporate jets. And
19
in that context he would mention that and that he would talk to
20
the shareholder.
21
Q. Okay. So, Davis, in the context of putting financial
22
information together, creating budgets, maybe preparing a
23
quarterly or annual report is when he would say something maybe
24
disparaging about Stanford?
25
A. Talking about budgets.
713.250.5585
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05:53
05:53
05:53
05:53
05:53
05:54
Q. Budgets mostly?
A. Yes.
Q. Okay. And Davis was trying to reduce expenses, right?
A. That's correct.
Q. Okay. Well, this was a company then that he was trying to
save, right? In a bad economy?
A. Those were the comments to -- yes, to cut down on costs,
yes.
Q. I mean, he's sitting there preparing budgets, he's sitting
10
there trying to talk Stanford into getting rid of all the
11
expensive jets even though they were part of the idea to bring
12
the high net worth people down there; but in that economy, it
13
wasn't working out. Davis was trying to convince him let's go
14
in a different direction, right?
15
A. He was trying to get them to cut back --
16
Q. Yeah.
17
A. -- less expenses.
18
Q. That was responsible, right?
19
A. Well, that's what --
20
Q. You thought it was, didn't you?
21
A. It was, yes.
22
Q. Okay. So, was he trying to perpetuate some kind of fraud
23
with that kind of activity?
24
A. No.
25
Q. No. Okay. He was trying to convince Stanford to change
713.250.5585
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05:54
05:54
05:54
05:54
05:54
05:55
his approach and his attitude towards how he was developing
these other companies, wasn't he?
A. How he was spending the money, yes.
Q. All right. That's why he made the reference to the emperor
with no clothes. Stanford had one idea, Davis had another?
A. Again, it's an interpretation of what that meant and I took
that as the bank doesn't have any more money, the companies
didn't have more money, so Mr. Stanford didn't have any more
money.
10
Q. Well, Mr. Amadio, you have no idea how much money Stanford
11
had or did not have, did you?
12
A. No, I do not know.
13
Q. Okay. You weren't privileged to have any of that
14
information, were you?
15
A. I was not privileged to have any of that information.
16
Q. So, when you make a statement that Stanford didn't have any
17
more money, that's -- you just don't know what you are talking
18
about, do you?
19
A. What I know what I'm talking about is the fact that when
20
the bank needed cash, $25 million, that money didn't come from
21
Mr. Stanford. We had to refinance corporate jets to be able to
22
scramble to get money. So, if Mr. Stanford did have
23
$25 million, my question to you, sir, is: Why didn't he
24
provide that money?
25
Q. I don't know because --
713.250.5585
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05:55
05:55
05:55
05:55
05:55
05:56
A. I don't know either.
Q. -- that's -- that's a question that I'm sure Mr. Stanford
will be happy to answer later on. But the issue here is,
Mr. Amadio, is that you don't know. When you make statements
like that, you're making statements like that to support the
government's case because it's not based on any data that you
have personal knowledge of. You don't know how much Stanford
had. You got no idea whether he had a billion dollars in the
bank or nothing, do you?
10
A. I did not know that, sir.
11
Q. No, you have no idea. You don't know what his assets are.
12
You've never seen his financial statement, not even been close
13
to it, have you?
14
A. No, I never seen that.
15
Q. You didn't fly around on private jets like he did, did you?
16
A. I flew one time.
17
Q. One time on a -- well, he flew in one all the time, didn't
18
he? So, he lived in a different kind of world than you did;
19
and you weren't in a position where he would share anything
20
about what he was worth and how much money he had at all?
21
A. You're right, sir, nothing was shared.
22
Q. Okay. You talked on direct examination when Mr. Costa was
23
asking you questions about the plan as to how to contribute
24
some of this capitalization to different companies. Do you
25
remember talking about that?
713.250.5585
2568
05:56
05:56
A. Yes, sir.
Q. Okay. And I would like to visit with you about that for a
minute.
THE COURT: Would this be a good time to break?
MR. SCARDINO: Yes, sir.
THE COURT: If not --
MR. SCARDINO: I can finish this or whatever is
8
9
05:56
convenient.
THE COURT: Well, we got another, max, about nine
10
minutes. It's up to you. Do you want to wrap up something,
11
then do it. I mean, we have the time.
12
MR. SCARDINO: I think I can do this in a few minutes.
13
THE COURT: Sure. Okay. That's fine.
14
05:57
15
16
17
05:57
05:57
Don't listen to him.

MR. SCARDINO: Let's try to finish this one little
part, and then we'll go home.
THE COURT: Go on.
18
BY MR. SCARDINO:
19
Q. Mr. Costa asked you about the plan that was in place as to
20
how you were going to distribute some of this capital infusion.
21
Do you remember talking about that?
22
A. The process, yes.
23
Q. Company A, Company B, Company C, do you remember that?
24
A. What was in that real estate document.
25
Q. Right.
713.250.5585
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05:57
05:57
05:57
05:57
05:58
05:58
A. Yes.
Q. Now, who -- who came up with this idea? Who was -- who
generated this?
A. According to the e-mail, that information came from Mark
Kuhrt to Gil Lopez.
Q. Okay. And whose idea was it?
A. I really don't know.
Q. I thought -- you didn't say it was Mr. Davis' idea?
Maybe -- I made a note here, but maybe I was -- wrote it down
10
wrong. You think it was Mr. Kuhrt's idea?
11
A. I don't know whose idea. I mean, the only thing I know is
12
that that e-mail -- based on that e-mail information that was
13
presented here.
14
Q. Okay. So, the e-mail that was generated talked about how
15
this process would work, did it not?
16
A. The process of eliminating the shareholder funding --
17
Q. Right.
18
A. -- and capitalizing the bank?
19
Q. Right, the process of eliminating the shareholder amount
20
and capitalizing these companies. That was the plan, wasn't
21
it?
22
A. On paper, yes.
23
Q. On paper. But that was the plan, wasn't it?
24
A. On that document on paper, yes.
25
Q. These guys were trying to make it work, weren't they?
713.250.5585
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05:58
05:58
05:58
05:59
05:59
05:59
A. The whole idea was to eliminate the loan.
Q. Right. So, what the -- the e-mail talked about Company A,
SIBL, 200 million, right?
A. (Nodding head).
Q. And then B, SIBL, 541 million, two different contributions
to the bank, right?
A. Paper, yes.
Q. Well, it almost always is, isn't it, Mr. Amadio?
A. Not always, but yes.
10
Q. Do you see a lot of cash coming in and out of these banks?
11
A. In some cases you need to infuse cash. That's --
12
Q. And then C was to try to liquidate loan to shareholder.
13
That was the plan. That was in the e-mail that was generated
14
by Mr. Kuhrt to everybody to talk about how we're going to try
15
to accomplish this, right?
16
A. The e-mail doesn't specify, but that's what the
17
statement -- the real estate --
18
Q. It wasn't generated by Allen Stanford, was it?
19
A. I don't know.
20
Q. I mean, but what you saw from the e-mail was that it was
21
something that was generated by Kuhrt that was distributed to
22
other people that the plan was this was the way we were going
23
to pay off the loan to shareholder, something you said could
24
never happen, right?
25
713.250.5585
2571
05:59
05:59
06:00
Q. Yeah. And to capitalize the bank, right?
MR. SCARDINO: Thank you. I think that covers that.
THE COURT: Ladies and gentlemen, that completes the
testimony for today. Again, if you're around tomorrow morning,
we'll be up in courtroom -- what is it -- 11A, the big
courtroom, for a little court program; but certainly there's no
need for you to attend. But you will be required to attend
tomorrow morning at 10:15.
10
11
Thank you, and good afternoon.

(Proceedings recessed for evening)
12
* * * * *
13
COURT REPORTER'S CERTIFICATION
14
I certify that the foregoing is a correct transcript from

the record of proceedings in the above-entitled cause.
15
16
Date: February 1, 2012
17
18
19
/s/
Cheryll K. Barron
Cheryll K. Barron, CSR, CMR, FCRR

Official Court Reporter
20
21
22
23
24
25
713.250.5585
2572
$
$1.6 [4] 2320/4 2320/12
2323/21 2370/12
$1.6 billion [4] 2320/4
2320/12 2323/21 2370/12
$1.7 [4] 2433/16 2433/19
2434/16 2435/8
$1.7 billion [3] 2433/16
2433/19 2434/16
$10 [1] 2526/9
$100,000 [1] 2412/20
$11 [1] 2364/11
$11 million [1] 2364/11
$111,000 [2] 2426/7 2426/17
$125,000 [1] 2412/6
$16 [1] 2533/7
$16 million [1] 2533/7
$168 [1] 2379/8
$168 million [1] 2379/8
$18,000 [1] 2554/14
$18,500 [1] 2393/16
$2 [7] 2332/1 2374/10
2375/12 2382/8 2452/19
2453/4 2453/12
$2 billion [5] 2375/12 2382/8
2452/19 2453/4 2453/12
$2.3 [1] 2547/13
$2.3 billion [1] 2547/13
$20 [3] 2361/16 2367/16
2368/6
$20 million [3] 2361/16
2367/16 2368/6
$25 [2] 2566/20 2566/23
$25 million [2] 2566/20
2566/23
$25,000 [3] 2402/16 2552/12
2554/15
$29 [1] 2366/6
$29 million [1] 2366/6
$3 [5] 2434/12 2538/9
2544/14 2558/10 2559/5
$3 billion [5] 2434/12 2538/9
2544/14 2558/10 2559/5
$3.1 [4] 2431/25 2432/12
2433/13 2434/1
$3.1 billion [4] 2431/25
2432/12 2433/13 2434/1
$30 [1] 2359/4
$30 million [1] 2359/4
$310 [2] 2446/24 2448/17
$310 million [2] 2446/24
2448/17
$330 [3] 2518/4 2518/7
2518/13
$330 million [3] 2518/4
2518/7 2518/13
$340 [1] 2422/4
$340 million [1] 2422/4
$4 [2] 2385/18 2386/6
$4 billion [2] 2385/18 2386/6
$4.8 [1] 2349/10
$4.8 million [1] 2349/10
$480 [2] 2389/13 2389/14
$480 million [2] 2389/13
2389/14
$5 [7] 2312/22 2348/3
2383/17 2383/18 2384/3
2385/21 2386/2
$5 billion [5] 2383/17
2383/18 2384/3 2385/21
2386/2
$52,000 [1] 2305/21

$6 [1] 2547/1
$63 [1] 2431/24
$63 million [1] 2431/24
$9 [1] 2554/2
$9 billion [1] 2554/2
$95 [1] 2356/24
$95 million [1] 2356/24
$96,000 [1] 2401/15
'
'06 [2] 2377/22
'07 [7] 2330/14
2400/17 2419/19
2448/10 2449/4
'08 [2] 2330/14
'4 [1] 2510/23
'8 [1] 2528/20
'9 [1] 2528/20
'99 [1] 2378/24
2385/2
2377/22
2422/3
2408/11
/
/s [1]
2571/18
0
05 [1]
2411/24
1
1.3 billion [4] 2383/23
2384/1 2384/15 2449/4
1.57 [1] 2313/2
1.6 [2] 2320/18 2322/10
1.6 billion [7] 2311/9
2320/19 2320/20 2323/19
2370/16 2384/14 2448/10
1.7 [2] 2348/4 2349/5
1.7 billion [1] 2312/16
1.8 billion-dollar [1]
2558/14
10 [8] 2313/4 2313/16
2388/18 2469/14 2470/18
2485/2 2485/4 2544/13
10 percent [1] 2379/18
10 years [1] 2544/17
10-year-old [1] 2452/9
1004 [1] 2293/20
1018 [1] 2294/4
102 [1] 2504/14
108.731 [1] 2409/12
10:06 [1] 2293/5
10:15 [6] 2298/7 2299/17
2299/18 2300/12 2485/10
2571/9
10th [1] 2345/3
11 percent [1] 2388/18
11-12-2008 [1] 2402/13
111,000 [1] 2426/12
1125 [1] 2429/2
1129 [1] 2293/13
115 [1] 2308/11
118,453 [1] 2420/1
119 [5] 2382/22 2382/25
2384/2 2385/2 2386/23
11:30 [1] 2362/11
11A [3] 2298/25 2299/19
2571/6
12 [3] 2388/19 2427/18
2544/14
12 percent [4] 2388/21 2389/9
2389/12 2389/16
120 [2] 2317/23 2318/8
1220A [3] 2405/24 2405/25
2406/15
1222 [1] 2400/23
1222A [2] 2401/18 2401/24
123 [1] 2408/25
123,727,393 [1] 2359/20
125,000-dollar [1] 2412/11
125,842,515 [1] 2359/25
12th [1] 2402/16
13th [1] 2412/16
1400 [1] 2293/16
143,911,681 [1] 2360/9
15 [1] 2469/14
15,000 [2] 2409/15 2410/1
15-minute [1] 2362/11
15-year-old [1] 2452/10
1530 [1] 2362/25
15th [2] 2407/23 2409/16
16.8 million [1] 2380/25
1603 [2] 2381/20 2383/19
168 [1] 2379/22
168 million [1] 2380/22
16th [1] 2305/24
17 [2] 2320/23 2431/12
17.5 million [1] 2431/9
18,500 [3] 2394/20 2396/10
2400/17
18,971,188 [1] 2365/3
18-year-old [1] 2452/10
184 million [1] 2379/22
184,800,000 [1] 2379/19
18th [3] 2394/16 2395/23
2396/2
1992 [1] 2301/25
19th [2] 2409/2 2418/15
1:00 o'clock [2] 2362/12
2414/23
2
2-11-05 [1] 2411/24
2.75 million [1] 2367/4
2.9 [1] 2320/24
20 [18] 2361/16 2363/7
2363/13 2365/4 2365/7 2365/8
2365/11 2365/15 2365/24
2366/18 2366/23 2366/24
2367/5 2367/7 2367/10 2368/7
2394/6 2485/3
20 million [1] 2372/4
20 million-dollar [1] 2371/20
20,000 [3] 2408/8 2409/15
2410/16
20,000 pounds [2] 2408/4
2410/1
20/20 [13] 2365/4 2365/7
2365/8 2365/11 2365/15
2365/24 2366/18 2366/23
2366/24 2367/5 2367/7
2367/10 2368/7
200 million [3] 2432/17
2432/20 2570/3
20005 [1] 2293/16
2000s [2] 2527/17 2528/15
2002 [16] 2301/25 2302/6
2302/9 2303/4 2303/22
2304/13 2305/22 2308/10
2308/15 2311/4 2311/9
2312/15 2312/22 2379/7
2512/24 2512/24
2003 [12] 2307/9 2308/2
2308/8 2313/5 2313/17 2317/7
2379/20 2380/3 2510/23
2515/9 2515/12 2528/25
2573
2400/20
2
257 [1] 2401/18
2004 [9] 2336/8 2353/17
26 percent [1] 2383/25
2359/19 2380/8 2438/1
27 million [1] 2369/16
2446/18 2446/20 2448/15
29 million [2] 2369/18
2511/24
2369/19
2005 [6] 2324/5 2336/7 2336/8 29,931 [1] 2419/22
2370/9 2412/1 2412/12
290 million [1] 2361/22
2006 [15] 2340/14 2342/3
2:15 [1] 2414/25
2342/4 2342/11 2353/17
2nd [1] 2412/1
2359/19 2366/16 2381/15
3
2383/8 2383/14 2383/21
3 billion [1] 2435/1
2384/1 2387/2 2392/11
3,000 [1] 2393/9
2412/16
3.1 [1] 2348/4
2007 [38] 2317/23 2318/8
3.1 million [1] 2349/6
2320/2 2320/13 2321/1
30 [2] 2410/19 2560/2
2352/18 2353/22 2358/8
30,000 [1] 2410/20
2359/23 2360/7 2361/23
300 million [1] 2372/19
2363/9 2364/11 2365/2
300,000 [1] 2401/10
2365/10 2366/1 2366/5
302 [2] 2512/14 2512/16
2369/17 2370/8 2370/24
305 [1] 2356/4
2377/8 2381/15 2390/4
2393/12 2395/1 2395/7 2438/1 308 [3] 2342/13 2455/23
2493/25
2438/2 2438/23 2438/24
31 [1] 2384/23
2439/6 2439/18 2440/15
310 [1] 2446/25
2447/16 2448/6 2527/24
313 [1] 2344/19
2528/20 2564/12
31st [3] 2379/7 2379/20
2007-2008 [1] 2359/3
2008 [56] 2318/2 2326/17
2380/3
2345/3 2346/1 2346/5 2348/19 320 [2] 2326/2 2326/19
322 [1] 2366/7
2359/3 2369/19 2371/9
322A [1] 2367/24
2371/10 2371/16 2371/17
330 [2] 2380/12 2380/16
2373/13 2374/7 2374/8
330 million [3] 2380/6 2381/6
2374/24 2375/1 2377/8
2390/21 2390/22 2393/12
2381/10
330,994,121 [1] 2360/15
2394/2 2394/16 2396/5
331 [1] 2447/23
2397/13 2401/6 2402/13
331A [2] 2350/22 2350/24
2402/16 2407/23 2409/2
331B [1] 2350/22
2409/16 2411/3 2411/7
331C [5] 2350/22 2352/10
2418/15 2419/12 2419/14
2419/23 2422/21 2422/24
2363/8 2519/24 2531/1
332C [3] 2350/23 2351/1
2423/2 2424/14 2425/9
2425/21 2426/16 2426/20
2371/3
336 [1] 2379/1
2429/18 2451/2 2451/12
337 [1] 2380/1
2451/17 2451/19 2452/15
34 [1] 2386/22
2528/4 2528/25 2530/19
340 [1] 2378/7
2543/14 2564/12
2009 [9] 2314/7 2332/1
346 million [1] 2363/13
346,472,065 [1] 2361/25
2427/18 2429/7 2451/25
346,500,000 [1] 2380/9
2453/17 2461/4 2466/3
37 [1] 2311/2
2543/16
2010 [9] 2296/10 2461/6
38 [1] 2383/10
3rd [1] 2293/21
2461/25 2465/20 2479/3
2499/7 2501/4 2503/15
4
2545/11
4 billion [1] 2388/6
2012 [2] 2293/4 2571/16
400 million [1] 2374/25
21 [1] 2366/4
401 [1] 2464/7
21 million [1] 2370/23
415 [1] 2438/16
21,443,135 [1] 2365/12
45,000 [1] 2426/4
21-year-old [1] 2452/11
46 [1] 2392/11
21.4 [1] 2371/13
46 million [2] 2431/10
215,458,249 [1] 2353/21
2431/13
21st [1] 2419/23
479 million [1] 2387/25
222,000 [1] 2395/7
480 million [1] 2387/4
23,971,767 [1] 2371/18
4:00 [2] 2485/3 2485/4
23rd [1] 2429/18
4th [1] 2346/1
25 [2] 2363/7 2383/25
25 years [1] 2298/20
5
25,000 [8] 2394/6 2394/10
5 billion [2] 2383/24 2385/24
2396/7 2396/10 2396/18
5,000 [1] 2544/15
2396/25 2397/5 2401/8
5,000 percent [6] 2432/3
25,000-dollar [2] 2400/11
2432/5 2434/2 2538/10 2548/9

2548/10
5,000-dollar [1] 2538/9
50 [2] 2313/20 2410/6
500 million [1] 2428/14
515 [1] 2294/10
541 [1] 2537/13
541 million [1] 2570/5
541 million-dollar [1]
2432/24
56 [1] 2366/19
57,000-dollar [1] 2419/16
5th [3] 2429/7 2479/3
2500/11
6
60 [2] 2308/13 2544/12
60 something [1] 2538/8
61129 [1] 2293/13
63,500,000 [1] 2431/14
66,200 [1] 2395/12
6th [2] 2479/3 2500/11
7
7,703,701 [1] 2366/3
7.7 [1] 2366/4
77002 [3] 2293/21 2294/5
2294/11
77208-1129 [1] 2293/13
77279 [1] 2294/7
79535 [1] 2294/7
8
80 percent [4] 2321/10 2323/3
2386/7 2386/8
82 [4] 2411/14 2411/16
2411/17 2411/18
8th [1] 2426/16
9
90 [1] 2412/14
900 [2] 2393/24 2394/14
901 [2] 2395/13 2395/21
903 [1] 2397/7
904 [2] 2400/9 2401/1
909 [2] 2424/23 2425/4
95,000 [2] 2451/16 2463/14
96,000 [1] 2401/13
9:00 [1] 2300/12
9:00 and [1] 2299/15
9:00 in [1] 2298/8
9:00 o'clock [1] 2298/25
A
A-M-A-D-I-O [1] 2301/8
A.M [1] 2293/5
able [22] 2315/10 2318/19
2329/9 2329/10 2354/13
2373/5 2377/3 2389/14
2389/25 2404/8 2405/19
2417/13 2439/10 2450/18
2464/15 2501/13 2523/16
2527/2 2534/4 2558/19
2558/25 2566/21
about [329]
above [7] 2313/20 2419/16
2490/16 2490/20 2490/24
2548/8 2571/14
above-entitled [1] 2571/14
absolutely [7] 2457/14
2462/16 2510/17 2520/12
2544/23 2547/25 2551/21
2574
A
abundance [1] 2297/15
accept [1] 2305/18
access [7] 2314/10 2315/7
2316/19 2370/3 2482/8
2482/10 2498/13
accessible [4] 2495/2 2495/5
2495/5 2554/11
accomplish [1] 2570/15
accomplished [1] 2299/6
accordance [2] 2309/12
2309/14
according [18] 2319/5 2330/24
2379/21 2381/2 2416/15
2428/9 2433/6 2433/9 2433/25
2434/11 2434/25 2439/7
2486/23 2506/3 2519/14
2519/20 2553/3 2569/4
account [48] 2324/8 2352/17
2402/22 2403/1 2403/8 2403/9
2403/12 2403/14 2403/16
2403/19 2403/22 2404/1
2404/4 2404/13 2404/20
2405/1 2405/5 2405/11
2405/15 2406/22 2407/1
2408/16 2408/19 2408/23
2409/12 2410/21 2410/24
2410/25 2411/1 2411/5 2411/8
2411/11 2411/23 2412/12
2412/14 2413/9 2417/20
2418/4 2418/6 2501/13
2551/21 2552/3 2552/19
2552/20 2554/22 2554/22
2555/1 2557/14
accountant [25] 2296/7
2301/10 2301/20 2302/2
2310/1 2310/5 2316/3 2338/9
2343/23 2398/17 2401/14
2418/20 2432/4 2456/3
2474/18 2475/25 2477/24
2504/9 2520/25 2521/12
2524/1 2528/8 2538/1 2543/3
2543/4
accountants [13] 2305/15
2306/22 2308/1 2308/6
2309/24 2324/24 2328/19
2498/9 2502/17 2502/22
2503/15 2505/2 2505/10
accounted [1] 2393/17
accounting [83] 2301/13
2301/15 2301/21 2302/4
2302/5 2304/3 2304/3 2304/15
2304/21 2304/24 2305/1
2305/6 2306/3 2306/15 2308/5
2309/10 2309/15 2309/17
2310/19 2314/24 2315/1
2315/2 2315/14 2317/4
2317/17 2319/25 2324/9
2324/20 2325/13 2325/21
2326/7 2326/15 2336/15
2338/24 2339/14 2341/19
2343/15 2348/22 2354/2
2354/7 2354/19 2355/8
2355/24 2371/21 2374/17
2378/1 2378/6 2384/10
2387/18 2389/17 2390/1
2391/5 2392/20 2395/8
2396/14 2398/7 2400/13
2402/4 2410/22 2413/9
2414/13 2417/7 2420/25
2424/1 2428/17 2428/21
2429/12 2431/16 2444/22

2462/20 2463/9 2490/15
2490/19 2491/5 2525/4 2525/9
2535/4 2535/21 2536/6
2547/18 2558/8 2560/12
2563/8
accounts [15] 2302/5 2302/5
2305/16 2350/13 2393/20
2395/25 2395/25 2396/15
2402/25 2404/6 2410/22
2417/20 2419/4 2420/22
2557/6
accumulated [4] 2320/13
2359/3 2361/16 2395/2
accumulations [1] 2319/3
accuracy [1] 2387/7
accurate [8] 2310/20 2327/7
2388/11 2414/17 2417/5
2450/20 2462/22 2464/4
accurately [1] 2476/2
acknowledged [1] 2450/23
acquire [2] 2545/1 2545/7
acquired [4] 2527/8 2527/10
2527/13 2546/11
acquisition [2] 2431/18
2491/16
Acres [1] 2431/6
acronym [1] 2533/24
across [5] 2299/3 2353/22
2365/10 2455/25 2562/14
act [4] 2318/17 2319/10
2551/2 2553/14
acted [1] 2552/10
action [1] 2423/12
actions [1] 2428/5
activity [1] 2565/23
acts [1] 2309/18
actual [5] 2307/18 2336/12
2336/13 2441/11 2441/20
actually [18] 2325/4 2333/13
2341/17 2367/8 2400/17
2403/1 2407/4 2425/21
2428/24 2431/16 2434/6
2445/21 2448/20 2468/2
2522/11 2531/21 2547/17
2562/10
actuals [2] 2425/10 2426/6
add [10] 2366/5 2431/12
2521/2 2521/2 2521/8 2521/8
2521/9 2521/14 2521/15
2552/18
added [5] 2317/22 2375/11
2375/17 2376/15 2428/6
adding [2] 2521/14 2554/6
addition [5] 2382/7 2392/23
2417/16 2417/18 2434/9
additional [7] 2321/12 2346/7
2346/24 2359/21 2374/23
2414/10 2427/10
address [1] 2407/6
addressed [1] 2409/5
adjusts [1] 2448/3
administrative [1] 2309/17
admissibility [1] 2436/20
advances [2] 2321/4 2321/9
advertisement [2] 2366/20
2367/3
advertising [2] 2317/19
2366/23
advice [2] 2480/14 2493/18
advised [1] 2350/10
advisory [1] 2371/1
Aeromexico [6] 2301/16

2301/19 2301/22 2302/2
2302/6 2315/24
affected [1] 2559/16
affiliated [48] 2306/10
2306/15 2306/17 2319/20
2319/24 2320/15 2321/24
2324/18 2324/23 2324/25
2327/1 2328/20 2330/25
2331/1 2331/6 2331/19 2334/7
2334/8 2352/23 2353/11
2355/11 2384/5 2388/8
2502/17 2502/23 2502/24
2503/1 2503/16 2505/3 2506/7
2517/16 2517/17 2524/9
2524/10 2529/7 2529/11
2529/15 2530/25 2531/4
2532/15 2532/21 2534/9
2550/1 2555/20 2555/22
2556/10 2557/6 2557/14
affiliates [6] 2327/3 2328/17
2517/19 2524/5 2557/20
2558/1
affirmed [1] 2369/6
afford [1] 2548/6
afloat [1] 2361/15
afraid [2] 2463/1 2542/7
after [44] 2296/10 2297/3
2300/2 2301/14 2303/19
2304/10 2304/16 2307/5
2317/7 2317/15 2318/20
2332/24 2347/2 2405/7
2405/10 2406/11 2423/22
2431/6 2451/3 2460/18
2460/20 2460/21 2466/4
2469/24 2471/1 2471/19
2477/10 2477/11 2478/21
2480/5 2485/4 2500/19
2512/25 2513/3 2513/4 2513/5
2517/11 2517/12 2521/21
2524/20 2524/20 2534/12
2537/25 2557/3
afternoon [1] 2571/10
again [37] 2332/22 2350/24
2355/19 2368/17 2369/2
2370/7 2372/6 2375/13
2394/13 2395/14 2401/23
2412/2 2412/17 2413/15
2434/4 2436/16 2436/19
2439/1 2445/2 2445/7 2476/13
2479/22 2479/24 2482/6
2483/25 2490/12 2497/18
2514/14 2517/13 2517/14
2517/25 2522/3 2534/7
2549/24 2563/14 2566/6
2571/5
against [5] 2420/22 2462/1
2462/4 2462/5 2559/6
age [1] 2513/5
agent [15] 2469/23 2479/4
2479/15 2479/18 2482/18
2499/6 2499/8 2501/3 2503/14
2504/25 2506/7 2515/10
2516/14 2549/6 2557/24
agents [2] 2478/14 2509/13
ages [1] 2452/8
ago [3] 2296/8 2412/25
2494/2
agree [7] 2397/23 2416/24
2417/2 2461/9 2489/9 2541/4
2558/8
agreed [4] 2424/8 2450/21
2575
A
agreed... [2] 2480/12 2480/13
agreeing [1] 2380/7
agreement [24] 2316/9 2316/13
2379/8 2379/12 2398/19
2461/12 2461/15 2461/15
2461/22 2461/24 2481/7
2481/9 2481/14 2481/16
2481/17 2481/19 2482/19
2485/14 2485/17 2486/7
2487/3 2487/5 2493/19
2505/25
agreements [2] 2316/11 2545/7
ahead [9] 2300/13 2362/17
2369/9 2415/12 2420/7 2445/5
2503/4 2529/4 2530/11
aided [1] 2293/24
Air [1] 2457/2
aircraft [2] 2367/1 2545/24
airline [19] 2301/23 2301/23
2302/25 2303/1 2304/8
2305/15 2344/12 2347/22
2349/14 2354/25 2358/9
2360/10 2373/18 2423/24
2492/11 2492/13 2522/12
2522/19 2522/21
airlines [47] 2301/16 2302/12
2302/14 2302/15 2302/17
2303/3 2305/12 2306/1 2306/2
2328/24 2334/9 2334/10
2334/12 2334/13 2335/13
2344/10 2346/3 2346/4 2346/6
2346/10 2346/21 2346/24
2346/25 2347/1 2347/9 2348/1
2348/2 2349/12 2349/18
2350/5 2350/11 2350/18
2358/10 2359/14 2359/15
2360/11 2367/8 2367/9 2367/9
2372/18 2373/12 2373/16
2373/22 2373/23 2384/16
2522/7 2522/12
airplane [3] 2345/19 2366/23
2366/25
airport [2] 2545/20 2545/21
airports [2] 2547/3 2547/14
Ali [3] 2293/19 2297/11
2297/11
all [235] 2296/3 2297/25
2298/3 2298/8 2298/14 2299/3
2299/23 2302/22 2303/15
2304/2 2305/10 2305/16
2308/20 2310/24 2314/17
2319/3 2319/17 2319/19
2319/19 2319/23 2319/24
2320/11 2320/13 2322/14
2323/19 2324/3 2324/24
2324/24 2326/4 2331/18
2331/21 2331/25 2332/4
2332/24 2334/23 2335/1
2336/4 2337/9 2340/8 2341/14
2345/18 2345/20 2353/11
2355/11 2357/8 2360/10
2364/1 2365/24 2368/6
2368/13 2369/3 2369/5 2369/7
2370/8 2370/10 2371/24
2372/9 2372/16 2374/8
2375/21 2376/11 2377/9
2377/25 2388/6 2388/21
2388/24 2389/11 2389/17
2389/23 2389/24 2390/16
2391/3 2392/5 2393/14
2393/17 2393/21 2395/3

2395/17 2405/22 2410/4
2414/22 2415/20 2415/25
2416/5 2416/13 2417/17
2419/2 2421/24 2422/18
2422/25 2425/15 2425/19
2427/19 2432/4 2434/20
2435/6 2435/23 2436/7
2441/19 2448/4 2449/20
2450/1 2450/2 2450/2 2450/7
2450/15 2451/25 2452/12
2454/2 2454/20 2455/3
2455/12 2455/13 2456/17
2457/5 2457/7 2457/7 2457/15
2457/23 2459/2 2459/9
2462/19 2462/20 2462/23
2463/8 2471/13 2475/3 2475/7
2475/10 2475/14 2475/15
2475/22 2476/18 2478/16
2478/20 2478/22 2481/19
2482/17 2484/25 2487/2
2487/16 2488/19 2490/15
2491/5 2491/16 2491/21
2492/11 2493/22 2494/14
2500/19 2500/22 2502/17
2502/22 2502/22 2502/24
2503/15 2503/15 2505/2
2505/2 2505/3 2505/14
2505/17 2506/6 2510/2
2511/11 2512/17 2516/11
2518/14 2518/20 2519/21
2521/22 2523/19 2526/24
2528/24 2528/25 2529/2
2529/7 2529/11 2529/12
2529/15 2529/19 2530/1
2530/21 2530/22 2530/22
2530/23 2530/24 2531/5
2531/11 2533/16 2534/9
2534/16 2534/24 2535/2
2535/14 2535/21 2536/3
2536/8 2536/20 2541/1 2541/7
2541/13 2543/5 2543/10
2543/11 2543/12 2543/15
2543/21 2544/5 2544/20
2545/7 2547/1 2547/14
2547/21 2548/15 2549/4
2549/20 2555/21 2555/22
2556/4 2556/6 2556/9 2556/11
2556/12 2556/12 2556/13
2556/24 2557/3 2559/9
2562/11 2564/15 2565/10
2566/4 2567/17 2567/20
alleged [1] 2332/7
ALLEN [33] 2293/5 2306/18
2309/3 2322/4 2325/19 2334/4
2345/5 2357/17 2358/3
2363/25 2364/2 2367/6
2367/10 2377/12 2379/9
2399/4 2399/7 2399/13 2419/6
2419/15 2428/8 2432/19
2432/25 2433/15 2440/23
2480/22 2490/2 2497/16
2505/13 2506/25 2551/1
2560/17 2570/18
allocate [6] 2393/3 2394/9
2402/4 2404/8 2408/21
2408/22
allocated [4] 2395/4 2395/10
2551/19 2552/13
allocating [1] 2403/7
allocation [10] 2394/9 2395/2
2396/7 2396/11 2397/14
2397/23 2400/14 2401/6

2402/1 2402/17
allow [1] 2314/10
allowed [2] 2311/17 2416/15
almost [3] 2298/8 2385/21
2570/8
alone [2] 2541/15 2552/21
already [14] 2308/12 2320/13
2337/25 2346/22 2353/23
2362/25 2382/23 2388/7
2425/2 2428/6 2428/10
2458/23 2481/3 2486/24
also [44] 2299/4 2305/14
2306/5 2306/18 2307/13
2308/5 2310/24 2310/25
2325/14 2337/2 2348/24
2361/5 2365/13 2371/1 2376/2
2381/23 2382/19 2390/1
2395/3 2398/20 2399/13
2403/9 2408/15 2408/18
2411/8 2418/1 2432/24
2436/20 2439/1 2447/25
2450/4 2471/7 2471/22 2474/9
2475/9 2498/4 2498/7 2498/22
2502/15 2513/22 2535/11
2552/18 2558/12 2562/15
always [15] 2357/2 2388/18
2390/10 2410/8 2423/20
2444/4 2457/1 2457/3 2484/15
2516/10 2524/15 2563/1
2563/2 2570/8 2570/9
am [7] 2298/24 2321/3
2407/21 2474/19 2498/17
2521/1 2554/5
Amadio [66] 2296/7 2296/11
2296/16 2296/21 2300/15
2301/1 2301/4 2301/8 2301/9
2308/16 2318/12 2321/2
2333/3 2342/14 2344/22
2350/22 2352/15 2356/8
2362/20 2366/11 2367/24
2371/4 2374/14 2378/8
2394/16 2402/9 2406/14
2415/15 2418/13 2425/8
2438/21 2452/6 2458/1 2465/7
2472/3 2473/22 2475/7
2476/20 2478/23 2482/17
2485/14 2491/10 2495/2
2499/3 2504/13 2504/16
2504/23 2507/11 2508/10
2509/7 2513/23 2520/12
2521/13 2521/18 2523/5
2530/20 2540/8 2542/22
2546/25 2552/8 2556/4
2557/17 2560/8 2566/10
2567/4 2570/8
AMERICA [2] 2293/3 2370/20
American [3] 2412/7 2419/9
2420/2
AmEx [3] 2419/18 2419/23
2420/8
among [7] 2315/1 2349/6
2371/21 2394/10 2402/5
2456/22 2511/7
amount [41] 2311/18 2320/17
2325/9 2333/16 2337/8 2346/9
2353/4 2356/23 2367/15
2372/3 2372/3 2372/8 2372/25
2379/7 2381/12 2388/14
2395/2 2396/19 2397/4
2401/17 2408/3 2409/11
2409/14 2411/11 2416/13
2576
A
amount... [16] 2423/3 2432/20
2435/4 2437/2 2437/2 2439/15
2448/8 2448/12 2453/4 2518/3
2538/5 2541/5 2554/19
2557/20 2562/6 2569/19
amounts [11] 2329/2 2337/20
2353/5 2359/21 2369/21
2370/1 2420/10 2421/6 2421/9
2428/12 2441/18
Amplify [1] 2512/6
and/or [1] 2551/15
Andrew [1] 2293/15
annual [45] 2307/12 2307/16
2308/9 2308/15 2308/21
2311/2 2311/4 2317/8 2317/11
2317/13 2317/15 2317/19
2317/21 2317/23 2317/24
2318/2 2319/5 2320/2 2321/1
2321/18 2322/5 2382/4 2382/5
2382/8 2383/3 2384/23 2385/7
2386/4 2386/25 2388/5
2392/11 2392/14 2416/19
2416/22 2416/25 2417/5
2462/21 2464/4 2507/19
2507/21 2519/20 2563/12
2563/15 2563/24 2564/23
annually [1] 2401/11
another [26] 2296/14 2304/9
2304/9 2314/5 2316/2 2330/15
2348/19 2365/13 2365/14
2365/16 2374/6 2397/9
2409/20 2411/22 2417/7
2419/23 2451/17 2456/2
2459/13 2463/4 2471/1 2480/6
2508/12 2522/12 2566/5
2568/9
answer [31] 2297/21 2338/12
2341/5 2341/6 2341/7 2343/2
2346/15 2375/25 2413/17
2436/3 2444/19 2453/8 2453/9
2453/10 2454/22 2467/1
2476/13 2476/14 2478/11
2484/4 2484/9 2489/5 2500/21
2503/17 2520/13 2529/12
2530/14 2555/8 2555/9
2555/10 2567/3
answered [1] 2483/14
answering [1] 2500/15
anticipated [1] 2347/4
anticipating [1] 2331/25
Antigua [35] 2307/7 2307/9
2307/10 2307/15 2308/2
2308/6 2309/21 2311/15
2313/4 2314/5 2317/16 2328/2
2332/2 2340/21 2341/13
2341/15 2360/20 2360/22
2365/18 2373/18 2373/21
2398/8 2422/6 2428/22
2494/13 2498/9 2536/18
2539/20 2544/8 2545/1
2545/22 2546/5 2550/1
2551/11 2558/10
Antiguan [10] 2363/18 2363/24
2365/16 2392/25 2550/8
2550/10 2550/13 2550/24
2550/25 2552/13
any [86] 2297/17 2297/18
2299/14 2299/17 2312/13
2313/5 2321/15 2329/7
2339/25 2340/15 2352/7
2364/3 2364/4 2369/24 2373/1

2373/9 2373/11 2377/1 2377/2
2381/2 2382/15 2384/20
2386/9 2386/11 2387/10
2399/12 2399/21 2403/11
2405/18 2405/19 2407/10
2407/12 2412/21 2413/7
2413/22 2414/9 2414/13
2415/24 2417/10 2417/19
2423/13 2433/10 2433/12
2435/24 2436/4 2456/4
2461/12 2461/24 2470/21
2471/12 2472/3 2474/9
2478/12 2478/14 2479/3
2479/4 2488/10 2489/23
2491/19 2492/18 2495/2
2499/22 2505/8 2516/12
2523/18 2524/24 2527/5
2529/1 2529/19 2540/5
2540/22 2541/11 2546/12
2551/7 2552/8 2556/6 2561/17
2562/2 2562/2 2562/3 2566/7
2566/8 2566/13 2566/15
2566/16 2567/6
anybody [22] 2339/11 2339/16
2364/6 2410/4 2410/10
2475/13 2478/8 2480/24
2492/6 2492/10 2492/13
2495/7 2497/6 2498/18 2499/1
2499/19 2517/1 2517/2 2540/4
2551/5 2555/15 2555/16
anyhow [2] 2298/24 2300/11
anymore [7] 2340/17 2377/2
2384/6 2386/17 2459/1
2471/20 2515/17
anyone [10] 2337/7 2337/24
2338/2 2343/5 2378/1 2387/18
2391/5 2392/17 2416/21
2449/10
anything [32] 2297/2 2339/9
2349/15 2364/6 2375/10
2375/14 2375/15 2403/2
2405/10 2428/17 2429/11
2457/9 2460/4 2462/1 2468/22
2470/21 2484/10 2486/20
2487/14 2488/17 2489/1
2489/21 2491/10 2491/11
2491/13 2495/16 2495/21
2517/1 2530/7 2542/1 2549/14
2567/19
anywhere [1] 2496/3
apology [1] 2482/11
apparently [2] 2466/8 2490/25
Appeals [1] 2457/8
appointed [3] 2297/4 2299/25
2300/7
appreciate [3] 2415/5 2509/5
2511/13
apprehensive [2] 2476/23
2476/25
approach [1] 2566/1
approaching [1] 2432/5
appropriate [1] 2310/11
approval [8] 2348/1 2349/4
2350/1 2354/21 2356/23
2357/13 2373/10 2446/3
approve [4] 2344/14 2355/22
2357/24 2357/25
approved [4] 2309/15 2344/15
2350/16 2357/21
approving [1] 2356/2
approximately [6] 2305/22
2324/5 2342/1 2361/14

2361/16 2363/6
April [4] 2394/16 2395/23
2396/2 2426/16
April 18th [3] 2394/16
2395/23 2396/2
AR [2] 2419/2 2419/3
architectural [1] 2547/3
architecture [1] 2546/21
Ardoin [3] 2296/9 2296/10
2296/17
are [96] 2296/4 2306/17
2309/11 2309/12 2309/20
2310/21 2310/22 2311/10
2311/24 2311/25 2312/7
2313/23 2318/19 2320/2
2321/1 2321/9 2323/15
2331/24 2338/9 2344/25
2346/2 2349/6 2351/10
2351/11 2351/13 2351/17
2352/12 2353/22 2370/5
2373/23 2374/4 2374/19
2385/1 2390/12 2394/17
2398/5 2399/7 2406/5 2406/6
2406/8 2407/19 2407/20
2408/5 2411/8 2413/7 2417/4
2420/12 2428/3 2428/7
2429/21 2437/10 2441/1
2442/19 2444/6 2444/17
2457/4 2465/7 2467/19 2478/4
2484/6 2484/7 2499/13
2500/12 2504/24 2505/3
2508/5 2508/10 2511/20
2511/21 2512/9 2517/20
2518/7 2518/20 2519/23
2520/18 2520/21 2520/21
2521/19 2521/19 2521/24
2524/3 2530/25 2531/14
2534/13 2536/23 2544/25
2545/19 2546/15 2548/13
2548/15 2554/3 2556/1
2559/25 2561/22 2566/17
2567/11
area [1] 2456/23
aren't [9] 2359/14 2373/23
2443/15 2483/12 2492/21
2493/7 2524/15 2542/22
2548/16
argumentative [2] 2483/13
2483/15
arithmetic [1] 2521/15
Arkansas [3] 2451/23 2452/3
2452/13
arm's [7] 2444/6 2444/8
2444/15 2444/23 2444/24
2445/3 2445/5
Army [1] 2457/3
Arnold [1] 2362/1
around [19] 2296/22 2342/4
2342/11 2344/5 2344/7 2411/7
2454/15 2454/16 2456/7
2458/2 2458/3 2458/4 2486/14
2494/10 2503/12 2554/15
2561/17 2567/15 2571/5
arrow [5] 2330/5 2330/5
2440/21 2441/6 2503/22
arrows [2] 2331/25 2332/25
art [1] 2476/2
artistically [2] 2334/17
2334/18
artistically gifted [1]
2334/17
2577
A
as [148] 2298/20 2301/20
2302/1 2305/10 2306/4 2306/4
2307/25 2307/25 2309/18
2310/11 2310/25 2311/3
2313/15 2316/3 2317/15
2319/23 2320/13 2321/1
2321/11 2322/1 2325/1
2325/21 2327/13 2328/20
2330/25 2332/15 2333/6
2334/8 2335/14 2337/23
2337/23 2340/25 2342/13
2349/8 2349/8 2350/12 2354/5
2354/22 2354/23 2355/12
2357/6 2357/10 2357/22
2367/4 2367/23 2371/2 2372/8
2375/7 2381/12 2388/16
2391/12 2391/12 2392/20
2401/14 2402/13 2405/16
2405/23 2406/7 2406/16
2409/8 2409/10 2409/20
2410/6 2410/9 2410/16 2415/6
2415/9 2415/25 2416/3 2416/4
2418/4 2419/14 2421/2 2423/5
2426/18 2428/7 2431/23
2432/4 2435/8 2438/23
2440/22 2445/20 2448/17
2450/18 2454/3 2456/3 2457/5
2459/7 2461/12 2463/11
2464/14 2464/16 2467/24
2473/12 2477/23 2480/22
2482/7 2483/15 2485/8 2485/9
2485/22 2486/4 2486/4
2487/11 2494/10 2496/2
2498/2 2498/2 2498/3 2498/3
2498/5 2498/7 2498/10 2506/2
2506/21 2515/8 2517/16
2523/7 2525/13 2531/10
2534/12 2534/14 2541/24
2547/8 2547/24 2547/24
2550/8 2550/8 2550/16
2550/24 2551/2 2551/19
2552/2 2552/10 2552/18
2553/5 2553/9 2553/11
2553/14 2559/17 2560/12
2560/20 2561/21 2563/1
2564/12 2566/7 2567/23
2568/19
ask [29] 2303/7 2338/7
2345/15 2350/23 2354/21
2368/16 2370/7 2371/3 2378/7
2436/5 2447/8 2461/1 2467/12
2470/13 2470/15 2470/21
2476/5 2476/21 2483/9
2484/10 2484/17 2484/18
2502/7 2502/8 2529/10
2529/14 2546/13 2547/10
2548/23
asked [33] 2297/11 2329/19
2336/4 2340/4 2377/23
2377/24 2393/10 2406/5
2406/12 2413/22 2416/12
2430/12 2431/21 2435/21
2444/25 2466/15 2466/17
2469/15 2470/9 2470/10
2471/12 2483/13 2483/19
2483/20 2498/1 2498/3 2502/3
2502/5 2525/11 2529/14
2537/22 2551/20 2568/19
asking [21] 2329/14 2344/12
2345/23 2347/25 2356/22
2429/25 2430/2 2454/9

2460/12 2465/25 2467/19
2468/24 2469/5 2484/6 2484/6
2484/7 2501/25 2508/23
2516/14 2544/10 2567/23
asks [4] 2341/7 2399/18
2469/10 2476/15
aspect [2] 2492/7 2521/11
aspects [2] 2490/15 2535/4
asset [11] 2305/9 2306/5
2526/22 2538/5 2538/10
2538/10 2544/14 2558/9
2558/11 2559/5 2560/5
assets [36] 2305/7 2305/8
2309/11 2311/6 2311/23
2311/24 2311/25 2312/3
2312/7 2312/11 2312/12
2312/15 2312/18 2312/19
2312/24 2382/20 2383/11
2383/14 2384/3 2385/18
2388/22 2388/24 2439/8
2439/13 2491/16 2520/2
2524/22 2535/5 2536/22
2536/23 2536/23 2537/3
2537/5 2545/1 2554/6 2567/11
Assistant [1] 2293/12
assists [1] 2541/16
associated [4] 2321/7 2321/15
2322/6 2323/8
assume [1] 2332/22
assumed [1] 2511/10
assuming [1] 2456/20
assumption [2] 2352/16
2511/10
assurance [1] 2309/11
Astros [1] 2526/14
at [213] 2294/3 2296/3 2296/7
2296/12 2298/7 2298/7
2298/24 2299/13 2299/15
2299/17 2300/12 2300/12
2301/12 2302/16 2303/4
2303/22 2303/22 2303/24
2304/6 2304/13 2304/15
2304/16 2304/19 2304/22
2306/22 2307/2 2307/5
2307/10 2307/17 2307/21
2307/25 2308/2 2309/4
2313/16 2314/7 2315/24
2315/25 2316/2 2316/12
2316/20 2316/22 2316/23
2319/25 2320/20 2321/10
2321/15 2322/9 2322/20
2322/21 2326/10 2328/17
2329/11 2332/1 2332/24
2340/9 2341/12 2342/7
2344/21 2345/11 2345/22
2346/4 2346/6 2346/25
2349/21 2349/24 2350/8
2351/6 2351/18 2356/15
2358/8 2359/14 2359/23
2360/1 2361/20 2362/7 2363/9
2364/10 2366/5 2367/12
2367/21 2369/12 2369/16
2370/19 2371/6 2371/12
2374/7 2374/17 2374/23
2378/5 2379/5 2379/18 2382/9
2383/11 2384/15 2384/16
2384/16 2384/17 2385/18
2385/20 2386/23 2390/22
2394/1 2396/13 2397/22
2397/25 2398/14 2398/17
2399/16 2401/9 2402/12
2403/11 2403/12 2403/14

2406/3 2406/5 2406/10
2408/14 2410/15 2410/16
2411/14 2412/2 2412/22
2414/20 2414/24 2414/25
2414/25 2415/7 2415/17
2415/23 2422/14 2424/3
2427/23 2430/12 2430/13
2430/15 2433/21 2434/1
2435/1 2438/9 2438/12 2439/1
2439/7 2440/18 2440/23
2441/7 2441/21 2441/23
2442/9 2443/22 2446/16
2446/17 2447/25 2448/9
2449/4 2449/7 2451/13
2451/15 2451/22 2452/1
2452/16 2453/16 2454/7
2459/11 2460/2 2460/13
2461/1 2463/14 2466/1 2467/5
2467/8 2469/4 2472/9 2472/15
2473/7 2477/18 2478/25
2480/4 2480/17 2481/15
2481/23 2485/3 2485/4 2485/4
2485/9 2491/16 2496/7 2496/9
2499/5 2499/11 2500/10
2500/17 2501/20 2512/24
2513/5 2516/2 2516/12 2518/3
2521/19 2521/23 2525/17
2526/2 2526/14 2528/4
2528/24 2529/1 2538/8 2539/5
2547/13 2552/7 2558/4
2558/10 2567/20 2571/9
atomic [2] 2456/18 2457/4
attache [1] 2456/17
attachment [8] 2394/24
2418/24 2419/1 2425/20
2425/23 2430/2 2430/13
2438/14
attempt [1] 2548/19
attend [3] 2447/12 2571/8
2571/8
attention [3] 2317/2 2509/1
2548/6
attitude [1] 2566/1
attorney [6] 2293/12 2294/3
2296/14 2471/15 2471/24
2476/15
attorneys [6] 2362/9 2457/13
2460/11 2461/1 2461/9 2467/1
audience [1] 2410/11
audit [20] 2302/12 2304/7
2307/13 2307/16 2307/19
2309/15 2310/4 2310/22
2311/15 2313/5 2314/3 2314/5
2317/8 2400/4 2401/11
2401/15 2449/15 2449/23
2450/22 2553/23
auditing [4] 2392/23 2392/25
2393/14 2394/10
auditor [21] 2310/13 2313/10
2315/10 2392/8 2399/21
2399/24 2449/23 2450/18
2549/25 2550/2 2550/3 2550/7
2550/16 2551/3 2552/2
2552/10 2553/10 2553/11
2553/12 2553/13 2553/14
auditor's [1] 2553/20
auditors [17] 2307/23 2307/24
2309/20 2310/11 2310/14
2310/23 2311/17 2314/9
2314/22 2314/23 2315/6
2315/15 2316/13 2384/12
2578
A
auditors... [3] 2400/4
2552/11 2553/19
audits [3] 2377/21 2551/7
2553/19
August [3] 2407/23 2408/10
2451/19
August 15th [1] 2407/23
authority [2] 2496/23 2496/25
authorization [1] 2309/13
auto [1] 2448/2
available [1] 2464/9
Avenue [2] 2293/16 2407/7
Aviation's [1] 2358/23
avoid [1] 2518/25
award [2] 2299/10 2299/12
awards [1] 2298/17
aware [21] 2324/6 2338/9
2338/16 2346/23 2396/4
2402/20 2411/4 2413/8 2413/9
2437/1 2437/21 2498/17
2504/12 2526/11 2543/18
2543/19 2543/20 2545/21
2546/18 2550/21 2550/22
awhile [2] 2465/3 2465/4
awkward [2] 2496/4 2496/5
B
back [115] 2300/4 2308/23
2318/17 2319/1 2319/7 2319/8
2319/17 2333/13 2339/15
2339/15 2349/21 2350/2
2354/14 2354/15 2354/18
2355/20 2355/21 2355/23
2356/5 2356/10 2358/6 2358/8
2363/8 2374/11 2375/9 2376/2
2377/2 2377/10 2379/22
2380/19 2381/3 2381/18
2381/20 2383/19 2385/20
2387/16 2387/19 2397/24
2400/17 2400/24 2401/19
2405/20 2405/21 2410/3
2413/21 2414/23 2414/24
2415/15 2418/8 2420/16
2421/9 2423/20 2424/24
2425/2 2426/10 2426/15
2427/22 2429/16 2432/8
2435/2 2435/9 2437/3 2446/18
2447/7 2448/23 2458/10
2458/13 2460/5 2460/5 2463/2
2465/19 2476/8 2478/19
2478/21 2479/2 2484/16
2484/19 2485/3 2489/14
2489/16 2499/7 2499/13
2501/3 2501/4 2503/14 2515/9
2515/11 2516/13 2520/5
2520/17 2523/11 2523/13
2524/24 2527/3 2527/6
2527/17 2527/21 2528/25
2529/5 2534/3 2536/14
2536/16 2540/17 2542/6
2542/10 2542/12 2542/25
2545/10 2549/4 2549/20
2557/16 2558/25 2560/1
2560/2 2565/15
background [4] 2301/11 2303/1
2389/18 2482/17
backup [5] 2311/16 2313/5
2313/9 2313/11 2314/20
bad [3] 2529/3 2539/13
2565/6
badge [2] 2406/12 2479/18

badges [1] 2406/6
bag [5] 2344/8 2455/16
2455/17 2458/15 2460/6
bail [1] 2539/20
bailed [1] 2539/17
balance [13] 2311/3 2311/21
2318/15 2359/22 2375/7
2379/13 2404/17 2420/20
2433/18 2434/13 2435/9
2447/2 2449/3
ballpark [3] 2359/2 2388/16
2410/10
bank [328]
bank's [14] 2309/24 2310/1
2310/10 2310/14 2311/21
2312/2 2321/7 2341/10
2382/10 2398/10 2401/15
2437/19 2439/12 2440/15
bankers [1] 2541/7
banking [2] 2312/7 2406/19
banks [9] 2463/24 2539/14
2539/16 2539/16 2541/1
2541/2 2541/3 2541/9 2570/10
bar [3] 2360/10 2361/9
2374/14
Barbara [1] 2404/5
Barbuda [2] 2328/2 2373/21
Barclays [1] 2408/1
Barron [3] 2294/9 2571/18
2571/19
base [5] 2318/18 2319/11
2527/4 2529/25 2545/23
based [27] 2342/23 2357/25
2365/16 2370/3 2388/21
2389/18 2391/4 2391/24
2392/5 2401/14 2416/18
2426/6 2441/23 2444/22
2448/13 2448/25 2450/4
2462/12 2487/21 2488/20
2488/21 2508/24 2524/14
2545/22 2552/17 2567/6
2569/12
basic [2] 2311/23 2322/6
basically [7] 2330/19 2330/20
2336/2 2383/17 2415/16
2528/7 2531/18
basis [14] 2316/21 2321/8
2322/16 2324/19 2324/19
2336/23 2339/2 2339/6
2339/16 2339/25 2388/3
2391/1 2397/4 2424/22
be [249] 2298/19 2299/1
2299/18 2300/12 2300/19
2305/12 2310/23 2312/8
2312/11 2312/12 2312/15
2312/19 2312/20 2313/13
2314/3 2315/3 2315/10
2315/19 2316/21 2317/2
2317/3 2317/19 2328/22
2329/8 2329/10 2329/22
2331/1 2331/3 2331/5 2331/9
2331/24 2333/11 2333/17
2334/7 2337/22 2339/8
2339/11 2339/16 2340/1
2340/16 2340/21 2341/1
2341/11 2341/12 2341/23
2342/23 2344/15 2346/23
2348/7 2348/8 2355/24
2356/24 2357/6 2357/10
2357/20 2358/18 2358/19
2362/16 2372/8 2372/25
2373/9 2375/8 2375/12

2375/15 2375/16 2377/3
2379/19 2384/7 2385/15
2386/4 2388/14 2388/14
2388/21 2389/14 2389/15
2389/24 2396/19 2397/4
2398/3 2401/1 2401/8 2404/8
2405/19 2408/7 2408/13
2409/16 2410/17 2410/19
2411/25 2413/8 2413/17
2413/18 2414/16 2415/3
2415/6 2416/3 2425/13 2426/2
2426/3 2428/1 2431/15 2432/2
2432/11 2432/18 2432/19
2432/23 2433/6 2433/7
2433/14 2434/2 2434/3 2434/6
2434/12 2434/13 2435/1
2436/5 2438/25 2439/2 2439/9
2439/10 2439/13 2439/15
2439/19 2440/23 2441/7
2441/15 2441/15 2441/22
2442/9 2442/11 2442/12
2443/16 2443/17 2444/3
2444/15 2444/23 2444/24
2444/25 2445/21 2446/13
2450/8 2452/18 2453/5 2458/4
2458/11 2458/12 2461/2
2462/1 2462/6 2464/15 2474/9
2474/14 2475/12 2475/12
2478/17 2479/5 2479/17
2483/6 2483/20 2483/23
2484/1 2485/3 2485/8 2485/9
2485/21 2486/11 2486/13
2488/8 2488/9 2489/11 2494/3
2494/10 2494/12 2494/12
2494/13 2495/24 2495/25
2496/24 2498/1 2498/4 2498/5
2498/6 2498/7 2498/8 2498/18
2498/25 2501/13 2502/9
2502/12 2503/7 2503/10
2503/14 2505/10 2505/11
2508/21 2512/7 2513/10
2517/8 2517/9 2520/3 2523/6
2523/7 2523/11 2523/16
2525/13 2525/18 2526/7
2527/2 2528/13 2528/13
2530/5 2532/13 2532/21
2534/11 2535/15 2537/3
2537/5 2541/13 2547/7
2547/22 2548/2 2548/8 2552/9
2552/17 2554/6 2555/6
2557/12 2557/18 2558/19
2558/25 2559/11 2559/23
2560/8 2560/9 2560/10 2562/6
2563/9 2563/12 2563/15
2563/17 2563/19 2563/20
2563/20 2564/3 2566/21
2567/3 2568/4 2571/6 2571/8
beaches [1] 2547/25
bear [3] 2379/17 2475/25
2507/11
beautiful [2] 2407/15 2548/1
became [2] 2300/3 2381/6
because [78] 2297/3 2302/11
2302/24 2302/25 2312/4
2315/10 2315/17 2321/23
2321/23 2323/11 2324/17
2324/18 2324/21 2331/15
2332/19 2333/15 2333/16
2340/16 2340/20 2341/12
2343/25 2352/12 2361/6
2368/20 2368/25 2373/22
2579
B
because... [52] 2382/4 2384/4
2388/5 2388/7 2390/9 2405/18
2416/21 2417/4 2420/24
2430/3 2444/3 2446/15 2450/9
2453/4 2454/23 2456/22
2456/23 2458/20 2459/20
2460/3 2464/2 2464/3 2464/3
2471/11 2476/4 2480/8
2480/16 2489/10 2489/14
2493/17 2498/16 2505/24
2510/17 2510/22 2513/1
2515/23 2517/13 2523/8
2523/11 2523/17 2524/18
2525/1 2539/12 2542/6
2543/20 2552/2 2555/8
2555/18 2562/4 2562/10
2566/25 2567/6
because I [1] 2555/8
been [48] 2298/18 2308/12
2327/25 2339/17 2362/25
2366/8 2369/7 2374/2 2377/9
2382/23 2386/18 2388/7
2389/6 2389/10 2394/18
2398/19 2399/3 2399/6 2402/3
2405/23 2406/9 2413/13
2413/16 2429/8 2435/8
2435/17 2435/25 2440/5
2449/6 2456/23 2464/15
2465/16 2465/17 2465/17
2469/12 2475/8 2475/21
2484/20 2488/21 2491/25
2519/22 2525/1 2537/21
2539/2 2544/1 2550/20
2550/22 2567/12
before [32] 2293/8 2297/8
2297/8 2298/6 2300/8 2300/19
2312/18 2315/24 2315/25
2325/8 2330/15 2362/20
2384/8 2385/9 2426/25 2427/7
2427/12 2445/21 2454/22
2471/20 2484/20 2487/10
2487/21 2488/5 2488/20
2492/16 2514/17 2515/14
2520/10 2527/8 2527/10
2552/10
began [1] 2305/22
beginning [1] 2465/13
begins [2] 2298/24 2299/15
behalf [9] 2319/23 2320/14
2324/22 2326/25 2330/9
2335/23 2349/5 2354/5
2504/10
behind [2] 2458/25 2543/25
being [63] 2304/5 2307/13
2309/7 2311/16 2312/5 2313/6
2313/12 2319/13 2319/22
2322/15 2322/16 2326/4
2326/5 2335/21 2337/9
2349/18 2361/3 2361/3 2375/3
2375/21 2376/3 2376/5
2376/14 2376/14 2382/18
2384/15 2395/7 2395/8 2396/9
2402/13 2403/7 2403/9 2404/7
2408/15 2408/18 2411/8
2420/18 2421/13 2422/17
2429/24 2431/23 2434/1
2434/25 2436/10 2437/22
2442/6 2443/22 2451/15
2452/19 2456/8 2458/3
2459/12 2470/8 2487/14
2518/12 2519/8 2519/14

2529/23 2538/8 2552/4 2552/4
2554/14 2554/21
belief [1] 2450/2
believe [35] 2299/13 2318/13
2321/18 2338/11 2342/3
2362/5 2365/14 2365/17
2365/24 2369/21 2373/13
2422/14 2425/4 2427/13
2428/16 2439/1 2439/7 2463/7
2479/6 2485/14 2497/8
2501/20 2501/20 2513/21
2514/8 2514/20 2522/22
2522/23 2525/11 2531/5
2538/18 2550/17 2550/18
2553/3 2564/11
believe I [1] 2338/11
below [1] 2318/6
bench [3] 2296/3 2299/22
2454/7
benefit [1] 2428/3
besides [2] 2339/11 2498/19
best [5] 2364/19 2415/6
2500/19 2553/4 2553/5
better [10] 2299/23 2334/16
2345/18 2444/5 2447/9
2463/23 2517/2 2522/24
2535/15 2536/8
between [17] 2307/17 2312/11
2330/14 2360/2 2360/4 2379/8
2379/9 2399/12 2433/11
2439/8 2440/15 2446/21
2468/16 2510/10 2520/2
2540/15 2547/19
Bhanoo [3] 2398/3 2398/5
2398/6
big [18] 2298/17 2298/25
2349/14 2368/5 2415/7 2453/6
2473/23 2516/6 2516/24
2530/22 2534/8 2534/11
2534/15 2536/3 2539/14
2539/16 2554/7 2571/6
bigger [2] 2298/17 2298/18
bill [3] 2396/8 2419/23
2420/2
billboards [1] 2367/6
billion [56] 2311/9 2312/16
2313/2 2320/4 2320/12
2320/19 2320/20 2322/10
2323/19 2323/21 2332/1
2370/12 2370/16 2374/10
2374/10 2375/12 2382/8
2383/16 2383/17 2383/18
2383/23 2383/24 2384/1
2384/3 2384/14 2384/15
2385/18 2385/21 2385/24
2386/2 2386/6 2388/6 2431/25
2432/12 2433/13 2433/16
2433/19 2434/1 2434/12
2434/16 2435/1 2435/8
2448/10 2449/4 2452/19
2453/4 2453/12 2538/9
2544/14 2547/13 2554/2
2558/10 2558/14 2559/5
2559/6 2567/8
billionaires [1] 2548/5
billions [10] 2333/4 2337/13
2347/10 2382/18 2387/6
2388/2 2392/6 2428/3 2434/21
2447/4
bills [2] 2419/18 2552/12
bit [15] 2312/17 2333/2
2345/15 2345/17 2358/9

2358/24 2363/19 2363/20
2415/7 2420/15 2452/1 2459/7
2476/8 2499/23 2504/23
black [2] 2330/5 2371/4
blew [1] 2297/3
blocked [1] 2345/17
blow [4] 2383/6 2383/11
2386/23 2394/12
blowing [1] 2385/11
board [2] 2562/15 2562/17
boats [1] 2364/16
Bond [1] 2480/3
bonds [5] 2313/25 2314/1
2536/24 2537/3 2537/5
book [23] 2411/4 2440/23
2440/25 2441/11 2446/21
2505/11 2523/7 2523/9
2523/23 2523/25 2524/1
2524/3 2524/11 2524/25
2525/3 2525/6 2526/8 2526/14
2526/24 2538/5 2547/8
2547/19 2548/8
books [12] 2310/5 2354/3
2395/8 2396/14 2408/21
2417/21 2440/16 2525/5
2552/19 2554/17 2557/20
2558/7
booming [1] 2527/20
boost [1] 2554/15
borrow [3] 2514/25 2559/4
2559/6
borrowed [7] 2502/12 2506/19
2513/12 2517/25 2518/13
2529/5 2557/25
borrowing [6] 2501/17 2502/1
2506/13 2511/18 2514/23
2515/4
both [6] 2298/21 2306/2
2309/17 2310/4 2378/17
2378/18
bottom [14] 2331/5 2331/7
2332/12 2345/11 2345/22
2349/21 2353/5 2355/3
2356/15 2401/9 2402/12
2402/12 2402/15 2415/23
bought [7] 2374/3 2494/2
2519/12 2526/6 2544/17
2544/19 2544/21
bought but [1] 2544/19
box [6] 2293/13 2294/7
2329/18 2333/21 2383/11
2406/6
bragging [1] 2521/22
branch [1] 2298/20
break [20] 2312/16 2325/3
2333/2 2362/7 2362/11
2362/20 2385/14 2386/2
2420/24 2447/12 2450/6
2457/12 2457/22 2459/8
2484/22 2484/24 2540/5
2546/14 2546/15 2568/4
breakdown [1] 2313/22
breaking [2] 2414/20 2510/14
breaks [3] 2311/9 2348/4
2385/24
bribe [4] 2551/24 2555/5
2555/6 2555/16
brief [1] 2471/6
briefcase [3] 2456/18 2456/18
2457/4
briefly [2] 2301/11 2472/11
2580
B
bring [4] 2420/9 2476/3
2477/5 2565/11
bringing [2] 2425/13 2509/1
British [3] 2408/4 2409/20
2412/3
broker [11] 2313/13 2314/21
2384/7 2387/16 2387/19
2443/8 2531/9 2531/10
2531/15 2531/18 2531/20
broker/dealer [6] 2313/13
2443/8 2531/9 2531/10
2531/15 2531/18
broker/dealers [1] 2531/20
brokerage [4] 2314/10 2315/2
2315/7 2315/13
brokers [1] 2388/25
brought [2] 2460/10 2474/22
Brownsville [1] 2298/12
buck [1] 2410/6
budget [10] 2343/23 2375/21
2376/3 2376/13 2425/9
2425/12 2426/3 2563/10
2564/9 2564/13
budgeted [4] 2425/10 2425/20
2425/25 2426/2
budgets [5] 2343/23 2564/22
2564/25 2565/1 2565/9
bug [1] 2334/21
build [2] 2360/24 2545/14
building [5] 2312/20 2370/25
2467/3 2467/4 2545/19
buildings [1] 2335/11
built [5] 2360/25 2360/25
2546/3 2546/4 2546/8
bunch [1] 2299/2
burn [6] 2424/16 2424/18
2425/10 2425/15 2426/6
2426/7
business [32] 2316/6 2323/17
2323/17 2347/1 2351/24
2413/7 2413/23 2417/11
2417/14 2417/14 2417/22
2417/25 2443/1 2443/12
2468/22 2473/3 2486/12
2491/11 2491/14 2491/17
2492/8 2492/16 2505/8
2510/18 2510/19 2521/18
2522/16 2524/21 2536/6
2552/22 2552/23 2559/9
businesses [17] 2306/9
2306/25 2307/1 2316/9
2323/21 2323/23 2323/24
2332/3 2422/19 2452/20
2466/5 2469/7 2522/23
2528/12 2556/11 2556/24
2557/4
businessman [2] 2476/1
2548/12
but [172] 2296/23 2296/25
2297/12 2298/24 2299/14
2299/21 2300/3 2300/5 2300/9
2300/12 2300/20 2304/7
2309/18 2310/24 2314/7
2316/12 2317/8 2320/1
2322/13 2323/4 2325/8
2327/16 2327/24 2331/24
2333/12 2334/12 2335/1
2335/20 2337/22 2338/3
2338/20 2339/25 2353/13
2355/16 2365/16 2366/8
2368/24 2371/4 2373/14

2385/11 2387/25 2388/24
2390/25 2397/3 2398/2
2399/20 2400/6 2402/19
2403/18 2408/13 2415/6
2415/7 2416/8 2417/16
2419/11 2419/13 2421/4
2423/20 2424/2 2431/5
2431/16 2432/10 2436/11
2438/8 2440/2 2440/6 2441/18
2441/20 2442/1 2442/5 2442/8
2444/4 2448/3 2451/23
2453/20 2455/17 2456/15
2456/21 2456/25 2457/11
2458/25 2462/1 2462/17
2464/3 2465/19 2466/15
2467/17 2468/16 2474/6
2475/15 2478/13 2480/1
2480/20 2481/2 2481/13
2482/15 2492/3 2493/17
2496/2 2496/5 2496/7 2496/8
2496/14 2497/11 2499/24
2503/6 2503/14 2504/2
2504/24 2505/5 2505/7 2505/8
2505/20 2507/24 2508/2
2508/9 2508/15 2509/8
2509/17 2512/15 2516/12
2519/21 2520/6 2521/24
2522/18 2524/23 2524/25
2525/18 2526/9 2526/21
2529/3 2532/17 2533/14
2533/25 2537/3 2541/13
2542/3 2542/13 2543/4 2543/5
2544/4 2544/13 2544/19
2548/12 2548/15 2549/5
2550/22 2552/7 2552/11
2553/11 2555/10 2557/12
2558/21 2558/22 2558/24
2559/16 2559/25 2560/11
2561/7 2561/21 2562/14
2562/16 2562/20 2565/12
2567/3 2569/9 2569/23 2570/9
2570/16 2570/20 2571/7
2571/8
But no [1] 2300/9
buy [4] 2443/8 2525/17
2526/14 2528/14
buyers [1] 2443/5
buying [2] 2463/16 2530/6
buys [2] 2540/21 2541/23
C
calculated [1] 2380/12
calculating [1] 2424/22
calculation [4] 2387/12
2387/13 2388/9 2389/23
calculators [1] 2389/17
call [16] 2298/3 2343/15
2362/14 2415/4 2421/18
2421/20 2421/21 2421/23
2429/21 2451/19 2455/19
2456/24 2485/1 2485/6
2510/14 2533/24
called [23] 2299/11 2317/1
2324/7 2329/22 2332/8
2343/20 2343/21 2343/24
2343/25 2377/17 2403/14
2419/1 2424/16 2455/22
2456/8 2456/19 2458/3
2469/17 2481/6 2514/24
2533/8 2549/7 2549/10
calling [2] 2325/20 2422/13
calls [2] 2300/15 2391/21

came [46] 2297/8 2300/4
2317/16 2328/24 2333/3
2339/19 2340/14 2352/3
2353/14 2368/12 2368/14
2369/25 2370/1 2387/12
2392/5 2421/4 2434/19
2434/19 2445/14 2453/17
2458/14 2465/21 2465/24
2466/7 2466/15 2467/20
2467/20 2480/6 2493/21
2493/24 2494/20 2497/20
2499/13 2512/25 2527/8
2527/11 2534/25 2535/9
2555/20 2555/23 2556/12
2556/12 2556/16 2556/17
2569/2 2569/4
camera [1] 2401/2
can [149] 2299/2 2308/11
2308/23 2309/4 2310/7
2313/19 2313/20 2316/9
2318/5 2320/23 2321/4 2323/3
2323/6 2326/2 2326/20
2334/16 2344/19 2345/8
2345/16 2348/13 2349/1
2349/3 2350/2 2352/11 2356/4
2356/10 2356/15 2357/14
2358/6 2360/4 2363/20 2367/2
2369/22 2374/11 2374/23
2375/13 2379/1 2379/2
2379/24 2380/1 2380/10
2380/14 2381/20 2382/22
2383/6 2383/10 2383/10
2383/19 2384/23 2384/24
2385/4 2386/4 2386/23
2393/24 2394/12 2394/24
2395/13 2395/21 2396/9
2397/7 2397/10 2397/10
2397/16 2397/24 2398/12
2398/22 2400/16 2400/18
2400/23 2401/22 2402/7
2403/1 2405/20 2415/6
2418/11 2424/11 2424/23
2425/23 2426/10 2426/15
2427/11 2427/22 2427/25
2429/2 2429/15 2429/15
2430/10 2438/16 2440/12
2443/10 2443/11 2443/24
2444/4 2447/7 2453/10
2454/16 2456/7 2456/9
2458/13 2459/8 2461/22
2473/6 2474/24 2476/4
2476/16 2478/21 2481/23
2482/1 2482/19 2484/1 2484/8
2485/21 2486/13 2487/17
2489/12 2489/13 2493/10
2494/2 2494/3 2494/10
2503/17 2503/20 2503/21
2504/2 2504/18 2510/20
2514/16 2514/24 2522/3
2525/13 2526/3 2526/5
2526/21 2534/12 2534/15
2537/3 2537/5 2540/2 2546/13
2548/23 2550/19 2559/5
2559/7 2559/8 2560/8 2560/10
2564/5 2568/7 2568/12
can't [13] 2303/16 2436/24
2443/3 2443/4 2476/14
2484/10 2504/2 2504/20
2548/6 2559/3 2559/6 2559/11
2560/8
cannot [2] 2443/25 2560/1
2581
C
capital [64] 2318/13 2318/18
2319/11 2325/2 2346/7
2353/24 2354/23 2354/23
2356/25 2357/11 2357/23
2357/23 2416/4 2426/20
2428/6 2428/9 2432/19
2432/25 2433/2 2433/7 2434/5
2437/15 2438/5 2438/10
2438/23 2439/2 2439/3 2439/3
2439/6 2439/9 2439/19
2440/20 2441/2 2442/18
2442/23 2444/11 2445/16
2445/17 2446/12 2446/15
2475/21 2506/21 2506/21
2519/6 2524/22 2528/14
2531/7 2531/8 2531/23 2532/2
2532/8 2532/8 2532/20
2533/23 2534/1 2536/14
2536/16 2537/13 2537/22
2538/14 2543/22 2544/2
2558/4 2568/20
capitalization [5] 2324/21
2427/1 2427/2 2558/24
2567/24
capitalize [7] 2427/9 2434/3
2537/8 2537/8 2548/20
2558/11 2571/1
capitalized [3] 2354/24
2426/24 2439/2
capitalizing [2] 2569/18
2569/20
caption [1] 2366/22
car [1] 2323/15
card [1] 2419/11
care [2] 2312/2 2407/5
CareerBuilders [1] 2451/18
Caribbean [42] 2302/15
2302/15 2303/3 2303/3
2305/13 2305/13 2305/14
2305/15 2328/25 2328/25
2329/4 2329/5 2329/11 2331/2
2331/3 2331/4 2331/8 2346/3
2348/4 2348/5 2350/15
2354/12 2355/23 2359/18
2360/1 2360/4 2360/16
2363/16 2367/1 2367/8 2367/9
2372/18 2372/19 2372/22
2372/22 2373/2 2373/2 2373/5
2373/5 2374/3 2545/17
2547/24
Caribbean Sun [22] 2302/15
2303/3 2305/13 2305/14
2328/25 2329/4 2329/5
2329/11 2331/2 2331/3 2331/4
2331/8 2348/4 2354/12
2355/23 2359/18 2367/9
2372/18 2372/22 2373/2
2373/5 2374/3
Carol [1] 2409/5
carried [5] 2344/8 2494/10
2503/12 2513/16 2557/20
carry [6] 2344/5 2344/7
2456/7 2456/15 2458/5
2458/10
carrying [1] 2455/16
CAS [11] 2310/2 2392/10
2394/25 2395/3 2396/6
2397/23 2402/16 2408/2
2409/11 2412/2 2412/17
CAS Hewlett [4] 2395/3 2396/6
2397/23 2402/16
case [20] 2300/19 2339/17
2357/3 2368/5 2371/21
2434/15 2439/10 2457/11
2461/16 2461/20 2465/12
2482/24 2483/12 2487/1
2487/11 2487/15 2536/2
2537/3 2545/12 2567/6
cases [1] 2570/11
cash [39] 2318/15 2319/24
2321/8 2321/24 2323/2 2323/4
2323/4 2323/11 2328/17
2328/20 2329/10 2330/25
2331/6 2350/11 2352/3
2402/10 2424/16 2424/18
2424/21 2424/21 2425/10
2425/15 2426/2 2426/6 2427/4
2427/10 2434/5 2434/6 2434/6
2434/8 2439/4 2448/20
2448/21 2502/25 2558/21
2558/25 2566/20 2570/10
2570/11
cash-secured [1] 2321/8
categories [1] 2352/24
category [3] 2360/17 2363/16
2417/20
cater [1] 2548/5
cause [6] 2382/19 2384/1
2387/7 2388/4 2390/6 2571/14
caution [1] 2297/15
CD [35] 2311/13 2311/18
2323/9 2324/4 2328/24 2336/1
2337/15 2342/6 2342/10
2348/11 2349/18 2350/7
2353/19 2358/25 2359/5
2359/18 2364/11 2365/2
2366/2 2368/10 2368/12
2381/13 2437/19 2447/4
2448/18 2450/8 2450/16
2463/17 2541/21 2541/23
2542/3 2542/6 2542/10
2542/12 2542/16
CDs [7] 2416/22 2416/24
2463/23 2464/1 2519/13
2541/3 2542/5
ceremonial [1] 2298/25
certain [8] 2354/18 2439/8
2439/15 2439/16 2473/5
2481/15 2514/24 2541/5
certainly [2] 2543/20 2571/7
Certificate [3] 2539/9
2540/15 2540/18
certificates [3] 2507/15
2507/18 2542/24
Certification [1] 2571/13
certify [1] 2571/14
CFO [6] 2490/23 2491/22
2491/23 2562/13 2562/14
2563/18
chain [5] 2344/21 2345/9
2373/24 2397/25 2491/1
challenge [1] 2334/12
challenged [1] 2334/18
chance [2] 2351/6 2430/15
change [27] 2330/18 2354/19
2381/17 2381/19 2399/21
2399/23 2400/3 2409/10
2409/14 2409/16 2448/10
2486/21 2488/5 2492/7
2509/11 2509/24 2513/9
2513/15 2514/4 2514/13
2514/17 2515/7 2515/15
2515/18 2516/15 2537/22

2565/25
changed [7] 2505/22 2512/3
2513/7 2516/21 2517/13
2517/14 2522/18
characterization [2] 2368/19
2473/12
characterize [3] 2525/8
2525/12 2525/13
characterized [4] 2485/22
2507/14 2512/21 2523/5
charge [16] 2305/9 2331/18
2343/23 2355/10 2462/3
2462/9 2462/13 2482/20
2491/21 2516/2 2529/9 2535/3
2562/10 2563/12 2563/15
2563/24
charged [2] 2462/15 2556/23
charges [1] 2296/10
charging [1] 2461/16
chart [23] 2305/16 2325/4
2325/24 2326/6 2326/23
2326/24 2327/7 2327/13
2328/14 2329/23 2331/4
2333/7 2345/14 2345/16
2353/5 2385/14 2386/23
2395/19 2415/15 2415/23
2434/21 2438/18 2438/20
charts [1] 2475/20
chase [1] 2483/4
check [5] 2420/4 2420/9
2439/21 2440/8 2448/22
checks [2] 2554/13 2554/18
Cheryll [3] 2294/9 2571/18
2571/19
chief [8] 2298/9 2299/5
2304/21 2304/24 2305/1
2378/6 2490/19 2515/25
Chili's [2] 2361/12 2361/20
choice [2] 2488/12 2488/14
chooses [1] 2510/21
Christi [1] 2298/12
Chronicle [1] 2474/8
circle [3] 2474/11 2474/22
2504/12
Circuit [1] 2369/6
circulated [1] 2426/23
circumstance [1] 2476/21
circumstances [1] 2548/3
city [1] 2407/12
Civil [1] 2300/4
claimed [4] 2333/12 2383/15
2388/22 2428/13
claiming [4] 2311/4 2388/16
2388/21 2559/25
clarification [2] 2508/19
2547/10
clarified [1] 2469/23
clarify [2] 2475/24 2547/15
clear [3] 2428/2 2436/24
2489/11
clearly [2] 2325/5 2557/13
clerk's [1] 2298/15
clever [1] 2528/19
client [3] 2310/25 2321/10
2433/22
clients [18] 2318/13 2318/20
2319/5 2321/5 2321/6 2321/9
2321/9 2321/14 2323/2 2323/9
2382/6 2417/4 2453/7 2531/18
2559/1 2559/2 2559/25 2560/2
clients' [10] 2311/19 2312/1
2582
C
clients'... [8] 2312/13
2319/22 2320/17 2335/25
2421/17 2450/3 2453/15
2505/21
clock [1] 2454/4
close [4] 2347/5 2359/4
2370/17 2567/12
closely [1] 2430/15
clothes [13] 2376/20 2376/20
2376/24 2377/4 2560/20
2561/4 2561/5 2561/6 2561/12
2561/17 2562/21 2564/1
2566/5
clothes -- no [1] 2376/20
clothing [1] 2561/7
clue [1] 2533/20
CM [1] 2294/9
CMR [1] 2571/19
Coast [1] 2457/2
codes [2] 2456/19 2457/4
colleagues [1] 2410/7
column [8] 2352/21 2352/22
2353/16 2395/5 2431/6 2521/2
2521/8 2521/14
combination [1] 2530/21
combine [4] 2530/23 2534/15
2535/23 2536/3
combined [4] 2370/15 2534/9
2534/16 2536/8
combining [1] 2530/24
come [33] 2299/1 2299/17
2317/15 2317/18 2333/4
2336/10 2340/4 2340/11
2352/1 2359/21 2367/11
2383/21 2387/10 2393/20
2394/1 2400/13 2400/13
2415/15 2434/18 2434/22
2443/25 2445/10 2455/25
2460/8 2465/9 2475/7 2482/21
2492/4 2494/20 2504/2
2549/20 2563/10 2566/20
comfort [2] 2450/18 2450/21
coming [45] 2319/21 2320/14
2320/16 2324/22 2325/1
2326/24 2331/9 2335/24
2335/25 2348/7 2348/8 2350/5
2350/6 2352/4 2354/5 2368/19
2388/2 2408/23 2416/7 2416/8
2416/13 2421/15 2426/12
2450/3 2450/8 2450/16
2453/12 2504/9 2505/6 2505/9
2505/13 2505/18 2505/20
2523/23 2524/12 2526/25
2527/1 2528/19 2556/19
2557/5 2557/7 2557/8 2557/9
2557/14 2570/10
command [1] 2491/1
comment [7] 2372/3 2375/17
2375/23 2376/19 2377/4
2562/1 2562/25
comments [2] 2400/3 2565/7
commercial [9] 2321/7 2321/15
2322/6 2323/13 2323/14
2323/15 2359/15 2382/16
2382/17
Commission [1] 2342/5
commit [6] 2478/5 2478/7
2478/8 2478/10 2478/12
2478/18
committed [4] 2479/20 2480/9
2480/17 2489/23
committing [3] 2424/10 2496/6
2496/8
common [1] 2536/1
communicated [2] 2497/13
2499/20
companies [223] 2306/1
2306/10 2306/16 2306/17
2306/18 2306/20 2307/3
2315/1 2316/5 2319/20
2319/24 2320/15 2320/21
2321/24 2324/18 2324/23
2325/11 2325/25 2327/1
2328/20 2328/23 2331/1
2331/6 2334/8 2335/2 2335/13
2335/13 2335/18 2335/21
2337/10 2337/15 2344/10
2344/11 2347/11 2347/13
2347/20 2350/6 2352/5 2353/6
2353/12 2354/12 2354/13
2354/20 2355/11 2355/23
2358/23 2359/15 2360/16
2361/3 2364/1 2364/4 2368/14
2369/14 2369/20 2370/10
2371/13 2371/17 2372/2
2372/16 2374/4 2374/9
2374/21 2375/21 2377/1
2377/3 2377/10 2381/8
2381/14 2383/22 2384/5
2384/21 2386/10 2386/20
2388/3 2388/8 2389/20 2392/7
2392/23 2392/25 2393/4
2393/14 2393/18 2394/10
2398/21 2402/5 2415/21
2416/1 2416/14 2421/6
2421/19 2423/3 2425/16
2425/19 2432/14 2433/11
2434/22 2435/6 2437/10
2437/10 2437/18 2438/6
2442/16 2442/17 2442/19
2442/20 2442/21 2442/22
2443/21 2443/24 2445/18
2447/5 2448/9 2462/21
2463/12 2475/5 2475/17
2501/12 2502/17 2502/23
2502/24 2503/1 2503/16
2504/14 2504/15 2504/24
2505/3 2505/14 2505/17
2506/8 2506/9 2506/20
2510/10 2511/3 2511/6
2511/11 2511/11 2511/14
2511/16 2517/17 2518/16
2518/17 2518/19 2518/20
2518/24 2519/2 2519/2 2519/5
2519/6 2519/23 2520/5 2520/6
2520/8 2522/7 2523/7 2523/9
2523/12 2523/13 2523/17
2523/19 2523/22 2524/6
2524/7 2524/9 2524/10
2524/11 2526/21 2526/24
2527/2 2527/5 2527/7 2527/7
2527/10 2529/1 2529/4
2529/22 2530/4 2530/16
2530/25 2531/12 2532/3
2532/3 2532/4 2532/5 2532/15
2532/22 2533/18 2534/3
2534/9 2534/13 2534/13
2534/14 2534/24 2535/2
2535/14 2536/3 2550/3 2550/9
2550/11 2550/13 2550/15
2550/24 2550/25 2551/3
2551/7 2551/9 2552/14
2552/15 2553/25 2554/8

2555/21 2555/23 2556/10
2557/6 2557/15 2562/3 2562/7
2562/9 2563/11 2564/14
2566/2 2566/7 2567/24
2569/20
companies' [2] 2335/12
2450/16
company [179] 2301/22 2301/23
2302/7 2302/13 2304/3
2306/12 2306/13 2306/14
2315/15 2315/18 2316/2
2316/6 2316/10 2316/24
2317/19 2318/4 2319/4 2327/2
2327/10 2327/16 2327/23
2327/24 2329/7 2329/19
2329/22 2330/1 2330/11
2330/13 2330/17 2330/18
2330/22 2330/24 2330/25
2331/10 2331/17 2331/18
2331/19 2332/2 2333/6
2334/25 2335/6 2335/9
2335/23 2338/2 2338/9
2338/20 2339/14 2339/25
2348/9 2351/23 2353/2
2353/11 2353/20 2354/1
2354/4 2354/8 2354/24 2355/1
2357/1 2357/11 2357/11
2358/19 2358/22 2360/1
2360/17 2360/18 2360/19
2361/4 2361/6 2361/7 2361/22
2362/6 2362/6 2363/10
2363/11 2363/17 2364/13
2364/23 2365/5 2365/6
2365/11 2366/2 2366/4 2371/1
2371/12 2384/17 2384/17
2387/7 2391/13 2395/4
2395/19 2396/7 2418/1 2418/2
2418/7 2418/9 2418/21 2419/7
2420/14 2420/18 2420/21
2420/23 2421/1 2422/1 2422/2
2422/3 2422/5 2422/6 2422/7
2424/21 2425/12 2427/21
2432/17 2432/20 2432/21
2432/23 2433/13 2433/16
2434/11 2437/11 2437/14
2437/16 2449/11 2451/3
2451/7 2453/21 2462/25
2474/10 2477/19 2490/15
2492/11 2498/13 2506/24
2506/25 2507/6 2508/8
2508/12 2508/16 2508/17
2512/23 2514/20 2514/23
2520/10 2521/4 2524/16
2524/17 2524/19 2524/19
2524/21 2524/23 2524/23
2524/24 2524/25 2525/4
2525/17 2525/20 2525/24
2526/3 2531/16 2531/25
2532/3 2532/11 2533/24
2535/4 2537/6 2542/2 2542/3
2553/14 2553/19 2554/24
2554/25 2562/14 2564/17
2564/18 2565/5 2568/23
2568/23 2568/23 2570/2
company's [1] 2366/25
compare [3] 2361/10 2374/16
2482/2
comparing [1] 2425/20
compile [2] 2336/4 2336/22
compiled [3] 2369/12 2374/16
2416/18
2583
C
compiling [2] 2324/16 2325/9
complaint [1] 2519/12
complete [2] 2494/14 2522/20
completes [1] 2571/4
complex [2] 2443/16 2535/23
complicated [1] 2436/5
Complies [4] 2503/24 2504/3
2509/23 2516/18
computer [21] 2293/24 2301/13
2307/3 2340/8 2351/15 2356/5
2374/12 2401/19 2424/25
2455/12 2455/13 2465/3
2494/2 2494/11 2495/6
2496/19 2496/21 2496/23
2497/10 2497/12 2557/11
computer-aided [1] 2293/24
computers [5] 2453/25 2454/10
2455/7 2455/12 2495/16
concept [4] 2442/22 2502/15
2503/7 2507/1
concern [22] 2322/12 2337/8
2337/23 2346/9 2371/21
2371/23 2372/6 2372/24
2375/4 2375/8 2375/22 2382/3
2390/6 2391/11 2423/2 2423/4
2426/8 2449/24 2453/2 2453/6
2524/18 2524/20
concerned [25] 2337/13
2337/20 2337/21 2346/21
2347/8 2347/16 2347/22
2372/1 2376/5 2376/8 2376/14
2381/22 2381/23 2391/20
2392/4 2416/10 2423/5
2452/16 2453/2 2460/4
2477/14 2477/17 2480/23
2492/20 2505/10
concerns [12] 2375/11 2375/18
2376/2 2376/15 2391/3 2416/6
2422/17 2422/21 2422/23
2449/7 2449/10 2449/21
concluded [2] 2416/19 2462/21
conclusion [6] 2320/16
2333/17 2523/23 2526/25
2527/1 2527/4
condition [1] 2310/10
conduct [1] 2307/16
conducted [5] 2307/13 2311/16
2513/8 2514/5 2514/17
conduit [1] 2519/23
conference [2] 2458/6 2458/8
confidential [2] 2315/20
2315/22
confidentiality [2] 2316/11
2316/12
conflict [1] 2297/17
confronted [1] 2469/20
confused [3] 2515/10 2517/25
2563/5
Congress [1] 2293/20
connected [1] 2458/4
conscious [1] 2346/23
conservative [2] 2464/12
2464/20
consider [3] 2464/1 2476/22
2492/18
consideration [3] 2388/5
2528/22 2528/24
considered [5] 2416/3 2444/15
2498/5 2560/11 2560/12
considering [2] 2428/7 2554/3
consist [1] 2536/23

consistent [8] 2316/16
2318/19 2482/24 2487/10
2487/10 2487/14 2488/8
2488/9
consolidate [6] 2529/9
2530/15 2530/21 2534/24
2535/14 2535/23
consolidated [2] 2534/10
2536/8
consolidating [1] 2535/1
consolidation [15] 2530/14
2530/19 2530/20 2531/6
2534/5 2534/6 2534/21 2535/9
2535/17 2536/11 2537/12
2537/23 2544/6 2557/16
2558/7
conspiracy [2] 2486/16
2486/16
construction [4] 2335/10
2360/19 2360/21 2361/2
consult [3] 2492/6 2492/10
2492/13
consulting [1] 2493/2
contact [3] 2302/10 2490/4
2490/7
contacted [4] 2296/10 2302/9
2302/11 2303/5
contacting [1] 2398/16
context [8] 2346/14 2376/13
2486/2 2504/7 2562/4 2564/9
2564/19 2564/21
continue [15] 2317/8 2341/19
2341/20 2346/8 2377/3
2409/17 2436/15 2463/5
2471/2 2483/16 2496/3 2498/9
2522/17 2524/21 2562/4
continued [7] 2294/1 2294/2
2372/25 2375/7 2420/20
2426/19 2451/24
continues [3] 2426/19 2524/19
2524/23
continuous [1] 2368/11
continuously [2] 2318/18
2319/10
contract [4] 2540/15 2542/12
2542/13 2542/15
contrary [2] 2544/17 2544/19
contribute [1] 2567/23
contribution [4] 2432/19
2432/24 2432/25 2433/8
contributions [3] 2416/3
2433/2 2570/5
control [2] 2309/17 2497/9
controller [8] 2303/24 2304/1
2304/2 2304/23 2304/25
2490/13 2490/14 2490/14
controls [2] 2309/11 2309/19
convenient [1] 2568/8
conversation [14] 2468/16
2469/4 2469/8 2471/6 2471/16
2471/17 2471/18 2471/25
2472/8 2473/18 2504/25
2513/21 2514/11 2560/16
conversations [5] 2399/12
2400/3 2472/6 2479/4 2488/24
convertible [1] 2534/2
convicted [1] 2480/25
convince [2] 2565/13 2565/25
copied [8] 2345/12 2345/23
2345/24 2347/23 2348/22
2357/16 2358/4 2409/3
copies [2] 2357/19 2377/24

cops [1] 2510/14
copy [6] 2473/8 2473/10
2481/19 2482/15 2499/11
2499/19
copying [1] 2409/24
corner [1] 2383/5
corporate [7] 2314/1 2358/23
2419/11 2424/2 2424/7
2564/18 2566/21
corporation [1] 2361/24
Corps [1] 2457/2
Corpus [1] 2298/12
correct [278] 2303/2 2303/9
2306/10 2306/19 2307/4
2307/14 2307/22 2308/7
2308/19 2310/6 2310/16
2310/21 2311/5 2311/7
2311/19 2311/22 2312/23
2313/3 2313/24 2314/4 2316/1
2316/3 2316/8 2319/12
2320/22 2323/12 2323/18
2324/17 2326/1 2327/17
2327/19 2327/25 2328/4
2328/16 2329/1 2329/13
2329/15 2331/10 2331/11
2333/14 2333/22 2335/16
2335/19 2336/21 2344/22
2348/6 2348/12 2349/13
2350/21 2350/25 2351/2
2351/14 2352/9 2352/20
2353/18 2355/2 2355/4 2356/1
2357/4 2357/12 2358/22
2359/7 2359/10 2359/17
2360/6 2363/5 2363/12
2363/15 2364/12 2364/25
2369/14 2369/15 2371/14
2371/15 2372/21 2378/23
2380/17 2381/7 2381/11
2382/11 2384/9 2384/11
2385/17 2387/3 2388/12
2388/23 2389/3 2389/8 2391/2
2392/18 2392/19 2394/21
2395/9 2396/12 2396/17
2397/6 2398/11 2402/6
2403/20 2404/16 2404/19
2407/25 2408/9 2409/21
2411/6 2411/13 2412/7 2412/8
2412/22 2412/23 2413/24
2415/19 2416/11 2416/17
2416/20 2417/12 2417/15
2418/10 2418/16 2418/23
2419/20 2419/24 2421/3
2421/8 2421/12 2422/20
2425/6 2425/19 2425/22
2426/14 2430/1 2430/9
2431/10 2431/11 2432/15
2434/24 2435/3 2435/5
2435/13 2435/16 2435/22
2437/17 2439/14 2439/20
2440/11 2441/12 2442/1
2442/2 2442/4 2442/10
2442/13 2443/13 2447/6
2448/19 2449/2 2449/5
2450/11 2450/14 2457/15
2457/16 2460/25 2461/8
2462/7 2462/14 2463/13
2466/6 2467/13 2468/9
2468/12 2468/18 2468/20
2469/9 2471/21 2474/2 2474/5
2475/6 2476/3 2476/24
2477/24 2477/25 2480/7
2584
C
correct... [97] 2480/15
2481/8 2481/9 2485/23
2488/16 2488/25 2489/5
2489/7 2489/9 2489/22
2489/24 2490/6 2490/8 2491/2
2494/8 2495/12 2497/3
2497/17 2498/24 2500/3
2500/13 2502/21 2504/7
2505/1 2506/10 2506/15
2506/22 2510/13 2510/25
2511/19 2511/23 2512/21
2515/20 2516/5 2516/23
2518/1 2518/2 2518/5 2518/25
2519/1 2519/7 2519/11
2519/24 2519/25 2521/16
2521/17 2522/16 2522/19
2523/15 2525/8 2525/10
2525/16 2525/21 2527/15
2528/3 2528/21 2531/2
2531/13 2532/10 2532/14
2532/24 2535/6 2535/8
2536/15 2536/17 2537/14
2537/15 2537/25 2539/3
2539/4 2540/20 2540/23
2541/3 2541/22 2542/4 2542/8
2542/19 2542/21 2547/23
2550/12 2551/25 2552/6
2554/20 2554/23 2556/22
2557/1 2557/21 2557/22
2559/12 2559/22 2560/24
2561/1 2563/23 2565/4
2570/25 2571/2 2571/14
corrected [1] 2538/2
corrections [2] 2499/20
2499/23
correctly [7] 2312/6 2324/25
2422/14 2446/23 2451/11
2479/6 2503/19
cost [11] 2395/4 2404/8
2423/7 2431/5 2431/8 2431/12
2431/17 2431/24 2438/9
2441/1 2553/22
Costa [22] 2293/12 2318/7
2384/25 2433/20 2447/18
2483/19 2484/1 2486/10
2503/9 2504/16 2507/10
2507/23 2508/25 2510/20
2518/12 2525/11 2538/6
2544/10 2551/20 2554/21
2567/22 2568/19
costs [10] 2361/2 2376/14
2423/11 2423/13 2423/15
2423/16 2424/9 2530/5
2564/16 2565/7
could [44] 2300/16 2309/7
2309/23 2318/12 2339/9
2352/7 2354/14 2385/15
2413/18 2414/16 2417/17
2439/22 2439/25 2440/4
2441/15 2441/15 2449/22
2457/11 2462/3 2462/4 2462/9
2462/11 2462/13 2464/12
2464/20 2483/6 2483/23
2486/17 2489/17 2495/14
2499/21 2523/11 2523/12
2544/2 2548/2 2548/4 2548/4
2548/8 2550/20 2550/22
2560/5 2560/9 2561/13
2570/23
couldn't [10] 2355/23 2357/1
2360/5 2373/14 2405/18

2456/20 2464/25 2483/7
2484/14 2559/4
counsel [7] 2296/3 2362/7
2482/5 2484/20 2487/17
2489/16 2509/2
countries [1] 2407/20
country [2] 2299/11 2533/8
couple [4] 2296/8 2296/17
2362/2 2484/21
course [5] 2300/1 2326/6
2351/18 2351/24 2529/2
court [19] 2293/1 2294/8
2294/10 2298/2 2299/13
2300/19 2301/7 2406/7 2406/8
2406/10 2406/10 2414/21
2454/7 2457/8 2484/16
2484/18 2571/7 2571/13
2571/19
courtroom [9] 2298/25 2299/19
2299/21 2299/23 2492/25
2506/4 2506/5 2571/6 2571/7
Courtroom 11A [1] 2299/19
cover [9] 2312/13 2320/17
2323/6 2370/15 2377/1
2421/10 2439/11 2487/3
2564/15
covers [1] 2571/3
coworker [2] 2449/19 2456/3
CP [1] 2407/7
CPA [6] 2338/19 2338/20
2420/5 2474/20 2475/25
2549/25
CR [1] 2293/3
crash [2] 2528/19 2543/14
crashed [1] 2528/7
crashing [3] 2539/12 2540/12
2542/6
create [6] 2326/15 2336/9
2336/10 2352/1 2389/25
2416/12
created [9] 2325/24 2326/6
2326/10 2326/10 2326/10
2326/17 2326/23 2328/14
2473/17
creating [1] 2564/22
credentials [1] 2464/16
credit [14] 2509/12 2509/15
2514/21 2514/22 2514/24
2515/2 2515/7 2515/12
2515/13 2515/15 2515/17
2516/16 2516/19 2517/8
crediting [1] 2448/17
credits [1] 2420/13
cricket [31] 2335/2 2335/2
2335/13 2344/11 2354/13
2354/25 2361/1 2365/6 2365/7
2365/8 2365/11 2365/13
2365/24 2366/2 2366/4 2366/5
2366/16 2366/19 2367/7
2367/12 2369/13 2369/20
2371/12 2371/13 2371/17
2371/19 2372/2 2372/10
2372/16 2384/16 2389/7
crime [9] 2478/18 2479/20
2480/9 2480/18 2482/20
2486/2 2486/12 2496/6 2496/8
crimes [6] 2478/5 2478/7
2478/8 2478/10 2478/12
2489/23
criminal [10] 2476/22 2479/1
2479/15 2479/19 2480/1
2486/15 2500/1 2500/5 2501/4

2510/9
cross [2] 2436/20 2465/5
cross-examination [2] 2436/20
2465/5
crunch [1] 2543/21
CSR [2] 2294/9 2571/19
currency [1] 2555/7
current [3] 2350/13 2442/11
2471/10
cushion [7] 2312/13 2439/9
2439/12 2439/15 2439/18
2440/8 2440/15
customer [2] 2311/12 2529/25
cut [3] 2563/11 2565/7
2565/15
cuts [3] 2423/21 2423/22
2423/25
D
daily [4] 2339/2 2349/19
2352/3 2424/22
Dallas [2] 2526/6 2526/9
dark [1] 2473/23
data [9] 2310/12 2310/17
2310/20 2310/23 2336/9
2352/1 2352/3 2499/3 2567/6
date [12] 2344/24 2345/2
2359/22 2379/18 2394/17
2407/19 2407/22 2409/15
2411/24 2412/15 2427/17
2571/16
dated [1] 2394/16
dates [1] 2407/20
daughter [2] 2452/10 2452/10
DAVID [1] 2293/8
Davis [111] 2309/3 2310/3
2325/14 2325/15 2327/12
2329/22 2337/2 2337/3 2337/6
2337/22 2337/25 2338/1
2339/7 2339/12 2340/14
2342/6 2344/15 2345/25
2346/9 2346/14 2346/21
2347/8 2347/10 2347/11
2354/21 2355/22 2356/2
2356/18 2356/22 2357/18
2364/3 2372/1 2372/5 2372/9
2372/15 2373/4 2373/14
2375/10 2375/14 2375/17
2375/22 2376/5 2376/10
2376/15 2376/23 2377/4
2399/4 2399/7 2399/13
2399/22 2405/10 2405/14
2409/2 2409/8 2409/24
2422/18 2423/2 2423/4 2423/7
2423/16 2423/22 2424/7
2424/10 2445/25 2463/11
2474/14 2490/21 2491/25
2492/1 2492/2 2493/24 2494/9
2494/16 2494/20 2494/21
2495/11 2497/8 2497/9
2498/19 2504/13 2509/13
2514/15 2514/16 2515/15
2515/18 2516/10 2535/7
2535/10 2535/11 2551/1
2551/5 2551/15 2560/17
2560/20 2560/23 2561/20
2561/25 2562/8 2562/10
2562/18 2562/20 2562/22
2562/25 2563/5 2563/6
2563/12 2563/15 2564/21
2565/3 2565/13 2566/5
2585
D
Davis' [5] 2342/23 2372/22
2422/23 2509/10 2569/8
day [23] 2296/24 2384/19
2384/19 2407/24 2425/13
2426/2 2426/4 2426/6 2426/7
2426/12 2426/17 2449/6
2453/19 2458/14 2460/5
2460/14 2462/13 2466/11
2466/16 2466/17 2466/19
2471/18 2482/2
day-to-day [1] 2384/19
days [5] 2313/4 2313/16
2479/2 2499/7 2560/2
DC [1] 2293/16
deal [8] 2342/10 2373/10
2428/21 2429/8 2438/14
2439/21 2480/10 2533/22
dealer [6] 2313/13 2443/8
2531/9 2531/10 2531/15
2531/18
dealers [1] 2531/20
dealing [7] 2466/12 2476/20
2478/24 2484/16 2545/1
2554/2 2554/7
deals [1] 2429/13
dealt [1] 2437/11
debit [1] 2409/11
debriefing [1] 2545/5
debriefings [1] 2543/12
debt [14] 2324/11 2324/11
2352/16 2354/8 2354/22
2357/5 2377/1 2377/2 2511/10
2511/11 2514/23 2558/4
2558/15 2558/20
deceased [1] 2555/13
December [12] 2305/24 2352/18
2363/9 2371/9 2379/7 2379/20
2380/3 2395/1 2412/25
2419/19 2429/18 2451/10
December 16th [1] 2305/24
December 2007 [2] 2352/18
2395/1
December 23rd [1] 2429/18
December 31st [3] 2379/7
2379/20 2380/3
decide [2] 2449/20 2482/19
decided [11] 2296/24 2367/6
2456/24 2498/6 2513/15
2514/13 2514/17 2515/15
2515/18 2516/7 2516/15
deciding [1] 2528/22
decision [15] 2312/4 2372/7
2373/9 2373/10 2373/14
2398/3 2423/15 2456/14
2458/24 2462/25 2485/24
2486/4 2487/9 2487/12 2514/4
decisions [2] 2417/6 2463/6
decisive [1] 2428/4
declined [1] 2451/21
deep [1] 2473/23
DEFENDANT [2] 2293/18 2294/2
defense [4] 2297/18 2482/8
2488/10 2489/15
deficit [2] 2426/7 2426/17
defraud [1] 2332/16
degree [1] 2301/15
delay [1] 2398/20
demand [1] 2470/9
demanding [1] 2539/6
demands [3] 2543/5 2543/13
2543/21
demeanor [1] 2391/18
demonstrative [1] 2326/8
department [39] 2293/15
2298/16 2302/3 2302/5
2307/19 2314/25 2315/2
2315/14 2317/4 2317/17
2325/13 2325/22 2326/7
2326/16 2328/21 2336/16
2338/24 2339/14 2341/19
2343/15 2348/22 2354/2
2370/6 2371/21 2374/17
2378/1 2384/10 2387/18
2390/1 2391/6 2396/1 2400/13
2404/3 2410/22 2413/9 2417/8
2428/21 2429/12 2463/10
departments [2] 2302/3 2302/4
deposit [7] 2312/5 2507/18
2539/9 2540/15 2540/19
2542/24 2560/1
deposited [1] 2556/9
depositor [4] 2333/15 2365/2
2540/16 2540/16
depositors [26] 2311/13
2311/18 2324/4 2328/24
2332/10 2333/13 2347/11
2349/18 2350/7 2355/17
2358/25 2359/5 2359/19
2366/2 2368/10 2368/12
2381/13 2417/4 2428/5
2439/13 2440/16 2447/4
2448/9 2448/18 2450/9
2450/16
depositors' [5] 2348/11
2353/19 2364/11 2368/20
2416/9
deposits [22] 2310/25 2311/12
2312/1 2312/14 2319/22
2320/17 2321/10 2321/11
2323/3 2323/4 2323/6 2332/21
2333/18 2335/25 2403/24
2421/17 2439/10 2450/3
2453/15 2505/21 2507/15
2508/9
Depression [1] 2528/9
desalination [2] 2546/8
2547/4
desalinization [1] 2546/16
describe [1] 2302/1
described [1] 2316/19
describes [2] 2355/3 2476/2
describing [2] 2322/23
2521/11
description [1] 2327/7
designed [1] 2534/21
desire [1] 2483/16
desk [5] 2460/7 2460/23
2470/5 2471/8 2473/24
despite [1] 2390/10
detail [1] 2423/19
details [7] 2296/23 2435/18
2435/23 2435/24 2436/4
2533/5 2538/25
determine [2] 2446/8 2526/22
develop [1] 2546/22
developed [1] 2481/5
developing [2] 2547/2 2566/1
development [16] 2335/6
2335/9 2335/10 2335/13
2360/17 2360/19 2361/4
2361/6 2361/22 2361/23
2362/5 2363/9 2384/17 2422/2
2422/5 2422/6
device [17] 2459/13 2459/15
2472/12 2494/7 2494/25
2495/3 2495/5 2495/22
2496/19 2496/21 2496/23
2497/2 2497/7 2497/12
2498/22 2503/12 2549/5
Devitt [1] 2299/11
dialogue [1] 2501/10
did [382]
didn't [122] 2302/19 2304/6
2313/8 2313/16 2313/18
2314/6 2323/22 2326/18
2327/13 2332/19 2338/20
2339/5 2339/7 2342/24
2376/25 2381/4 2381/19
2381/19 2384/22 2387/17
2389/9 2389/18 2389/22
2405/6 2419/10 2420/15
2430/4 2433/12 2435/13
2440/2 2450/9 2451/22 2452/3
2460/4 2462/9 2464/2 2464/4
2466/7 2466/16 2467/11
2467/20 2468/14 2472/17
2473/8 2477/3 2477/12
2479/25 2480/1 2480/18
2481/7 2483/9 2486/6 2489/1
2489/21 2489/23 2491/12
2491/15 2491/18 2495/13
2495/15 2496/5 2496/8
2496/25 2498/12 2499/25
2501/2 2507/22 2510/14
2510/16 2511/13 2518/8
2518/8 2518/9 2518/10
2518/15 2519/10 2520/1
2520/7 2521/20 2522/6
2522/17 2522/25 2523/1
2523/24 2526/25 2528/2
2528/19 2528/20 2529/10
2529/14 2530/2 2530/8
2530/12 2537/19 2537/19
2539/4 2539/17 2539/19
2542/11 2543/22 2544/13
2545/4 2546/5 2546/7 2546/10
2553/7 2555/10 2555/18
2557/16 2561/17 2562/3
2562/18 2562/23 2565/20
2566/8 2566/8 2566/16
2566/20 2566/23 2567/15
2567/17 2569/8
difference [3] 2360/2 2488/10
2547/19
different [39] 2302/3 2306/9
2310/24 2313/14 2317/14
2320/15 2321/24 2324/17
2324/23 2324/24 2327/1
2328/19 2328/20 2334/7
2341/23 2355/14 2355/24
2365/18 2365/22 2365/22
2393/4 2394/10 2404/9
2432/14 2433/11 2467/3
2467/4 2483/10 2500/15
2517/24 2531/19 2532/15
2532/17 2556/13 2557/19
2565/14 2567/18 2567/24
2570/5
differently [1] 2407/20
difficult [2] 2390/11 2432/10
digress [2] 2504/23 2549/4
diligence [1] 2533/15
dire [1] 2436/17
direct [13] 2301/2 2306/11
2586
D
direct... [11] 2399/3 2399/6
2399/11 2399/12 2518/12
2530/18 2538/6 2549/22
2555/20 2557/11 2567/22
directed [1] 2325/8
direction [4] 2325/14 2340/14
2496/22 2565/14
directive [1] 2493/24
directly [16] 2308/6 2331/9
2331/12 2331/13 2353/10
2375/19 2416/8 2490/9
2490/16 2492/3 2494/21
2496/21 2517/16 2517/19
2517/21 2557/9
director [3] 2449/14 2449/23
2451/19
disagree [8] 2368/19 2368/24
2369/1 2410/10 2483/6 2507/8
2558/8 2560/13
disburse [1] 2349/4
disbursed [1] 2409/11
disclaimer [1] 2445/22
disclose [1] 2507/7
disclosed [13] 2315/14
2315/17 2316/6 2323/1 2340/2
2352/6 2381/24 2382/1 2382/3
2417/5 2507/7 2507/19
2538/25
disclosure [1] 2316/10
disclosures [1] 2332/4
discovery [1] 2482/7
discuss [5] 2399/22 2423/19
2423/21 2429/22 2430/6
discussed [7] 2337/25 2372/18
2457/17 2487/4 2499/25
2555/15 2559/20
discussing [3] 2423/7 2449/6
2485/14
discussion [14] 2296/23
2296/24 2375/19 2375/20
2376/13 2385/7 2398/14
2449/16 2450/25 2451/4
2454/7 2461/13 2467/5 2467/7
discussions [7] 2337/3 2347/8
2347/9 2372/10 2375/10
2399/14 2445/25
disparaging [1] 2564/24
disregard [1] 2457/9
disseminated [2] 2499/1
2503/11
distribute [2] 2330/24
2568/20
distributed [6] 2317/25
2319/22 2331/19 2334/7
2517/16 2570/21
distributing [1] 2355/10
distribution [1] 2319/9
district [13] 2293/1 2293/1
2293/8 2294/10 2298/10
2298/13 2300/1 2300/1 2300/5
2300/7 2300/8 2406/7 2406/8
diversion [2] 2456/11 2456/11
DIVISION [1] 2293/2
divorce [1] 2422/15
do [252] 2297/2 2297/16
2298/6 2298/8 2300/18
2300/21 2301/9 2301/9
2301/14 2303/12 2305/22
2306/6 2308/15 2308/17
2311/3 2316/9 2320/10 2325/4
2325/15 2327/3 2331/23

2334/2 2334/14 2334/16
2335/9 2338/3 2341/20
2342/13 2342/15 2342/24
2343/24 2346/12 2346/18
2351/8 2351/9 2356/8 2356/9
2358/12 2359/2 2360/1
2360/18 2361/13 2362/3
2362/20 2363/1 2363/17
2364/17 2366/5 2366/11
2366/12 2367/15 2367/24
2367/25 2368/1 2370/7
2370/13 2373/16 2373/17
2374/19 2377/23 2378/9
2378/15 2378/20 2383/3
2383/4 2385/7 2387/18
2392/11 2392/13 2393/6
2393/12 2394/5 2397/21
2400/1 2402/25 2403/5
2406/18 2407/2 2407/8
2407/10 2409/5 2412/3 2412/4
2413/2 2413/7 2413/22 2414/3
2414/5 2416/24 2417/13
2418/13 2418/14 2422/9
2422/19 2424/3 2428/12
2430/21 2431/3 2432/1
2433/22 2437/25 2438/18
2438/24 2439/25 2439/25
2440/1 2440/6 2443/7 2443/14
2443/19 2443/20 2443/23
2446/20 2446/22 2451/9
2451/17 2452/6 2452/7
2453/19 2453/25 2454/20
2454/21 2454/23 2455/6
2456/4 2460/1 2460/4 2461/18
2461/19 2461/20 2461/22
2464/2 2468/25 2469/17
2473/10 2473/11 2475/23
2478/19 2480/13 2480/14
2481/21 2481/23 2482/15
2486/17 2488/12 2491/10
2491/11 2491/13 2491/19
2493/19 2494/14 2494/16
2495/13 2495/13 2495/14
2495/15 2495/16 2497/6
2500/5 2500/8 2501/4 2502/15
2503/25 2507/13 2508/15
2509/12 2509/15 2511/1
2513/16 2514/3 2514/13
2516/4 2516/9 2516/16
2520/11 2522/11 2523/25
2524/16 2525/22 2527/17
2527/22 2527/23 2527/24
2528/4 2528/6 2529/17 2530/4
2531/15 2531/17 2532/1
2533/2 2533/12 2533/21
2534/1 2534/1 2536/5 2537/18
2537/21 2538/4 2538/10
2538/12 2539/7 2539/7 2540/4
2540/22 2541/1 2541/3
2541/13 2541/24 2544/7
2545/10 2545/13 2545/20
2546/14 2549/14 2549/21
2550/4 2550/15 2551/3 2551/7
2551/15 2551/22 2552/8
2552/24 2553/4 2553/14
2553/25 2555/5 2555/13
2555/23 2556/3 2556/13
2556/15 2557/11 2558/18
2558/20 2559/3 2559/9 2560/2
2560/3 2560/20 2563/20
2566/12 2566/18 2567/9
2567/24 2568/10 2568/11

2568/12 2568/21 2568/23
2570/10
document [23] 2308/23 2313/19
2352/15 2356/10 2369/22
2379/25 2380/10 2384/20
2394/13 2401/2 2402/9 2404/4
2408/15 2411/14 2416/14
2427/22 2431/20 2432/8
2433/6 2433/9 2433/25
2568/24 2569/24
documentation [7] 2297/5
2311/16 2313/6 2313/9
2313/11 2314/20 2377/25
documenting [1] 2377/14
documents [17] 2310/24 2340/1
2340/12 2340/15 2340/25
2341/1 2341/10 2341/14
2341/23 2342/2 2351/6
2406/14 2433/10 2454/1
2459/12 2475/20 2482/11
does [66] 2297/18 2305/8
2310/17 2310/18 2312/10
2319/2 2321/6 2321/14
2322/22 2323/13 2326/23
2327/11 2330/8 2334/3 2349/9
2349/24 2350/9 2357/24
2360/10 2361/2 2374/22
2379/11 2380/5 2380/12
2380/21 2380/23 2380/24
2381/8 2385/14 2386/2 2386/3
2398/17 2399/2 2399/5
2399/10 2399/10 2399/11
2402/13 2403/2 2409/8
2414/15 2419/13 2427/2
2427/20 2430/17 2431/5
2431/7 2431/15 2431/16
2439/3 2440/14 2440/25
2448/3 2456/4 2461/15
2461/22 2465/10 2488/14
2507/22 2508/21 2510/2
2510/8 2516/12 2520/11
2525/22 2536/23
doesn't [18] 2297/14 2386/11
2409/19 2436/4 2457/8
2461/17 2482/8 2488/10
2488/14 2488/17 2508/1
2508/1 2508/9 2525/22
2540/21 2541/23 2566/7
2570/16
doing [22] 2305/10 2341/14
2343/5 2360/21 2382/10
2382/12 2390/19 2392/18
2396/20 2456/21 2458/24
2495/25 2496/3 2515/6 2517/9
2523/24 2536/4 2538/13
2545/19 2547/2 2551/6 2551/7
dollar [11] 2318/16 2319/1
2371/20 2400/11 2400/20
2412/11 2419/16 2432/24
2537/13 2538/9 2558/14
dollars [17] 2322/21 2333/4
2337/14 2363/7 2382/18
2393/9 2408/5 2408/7 2408/13
2410/17 2412/7 2412/9
2412/20 2428/3 2538/8
2544/12 2567/8
don't [112] 2296/23 2297/1
2297/5 2297/6 2297/9 2297/11
2297/20 2299/9 2299/17
2316/5 2332/22 2362/7 2369/1
2369/21 2373/25 2378/21
2587
2494/20 2494/21 2522/13

2527/6 2530/10 2549/5 2549/6
2549/7 2550/1 2550/9 2558/3
2559/7 2559/8 2563/11
2564/17 2565/7 2565/12
2569/9
downloaded [3] 2494/10
2494/12 2498/2
downs [1] 2318/21
downsizing [1] 2564/18
draft [1] 2317/18
drafted [2] 2317/15 2515/3
drafting [1] 2317/19
drafts [1] 2317/14
draw [2] 2334/15 2335/5
drawer [2] 2470/5 2473/24
drawers [1] 2460/6
drawing [1] 2334/12
drawings [1] 2345/19
drawn [2] 2475/21 2503/22
dream [1] 2546/23
drive [40] 2340/7 2340/13
2340/15 2341/25 2342/2
2342/17 2342/18 2342/18
2342/20 2343/12 2343/16
2343/24 2351/25 2455/18
2455/22 2458/20 2458/23
2467/7 2469/5 2469/23 2470/1
2471/5 2471/7 2471/11
2472/10 2472/23 2473/16
2473/22 2474/1 2493/23
2494/15 2496/10 2496/16
2496/20 2497/15 2497/21
2498/6 2498/15 2549/11
2549/12
drives [1] 2495/17
drop [3] 2354/21 2357/21
2357/22
dropped [4] 2353/23 2355/24
2356/25 2558/3
due [2] 2379/19 2533/15
dumb [1] 2463/6
during [30] 2300/3 2313/4
2314/3 2317/7 2347/8 2371/16
2374/24 2379/4 2387/2
2390/21 2393/12 2403/6
2408/14 2410/9 2422/21
2423/2 2424/13 2426/5
2447/12 2461/23 2478/4
2478/24 2479/3 2497/24
2500/15 2529/2 2529/3
2542/22 2543/14 2563/9
duties [3] 2302/1 2351/18
2392/20
don't... [96] 2389/24 2396/8

2400/6 2400/8 2400/8 2407/11
2407/12 2408/10 2414/9
2417/2 2422/10 2427/13
2427/14 2435/11 2435/13
2435/23 2435/24 2461/21
2463/2 2468/15 2469/19
2476/1 2476/5 2478/11 2479/8
2479/14 2481/25 2482/12
2482/23 2485/20 2487/19
2488/12 2493/18 2495/18
2499/12 2499/16 2499/17
2499/22 2500/4 2500/21
2505/24 2507/16 2509/17
2513/18 2513/23 2517/21
2519/6 2521/9 2526/18
2526/19 2533/5 2533/13
2533/13 2533/14 2533/22
2533/24 2535/13 2535/13
2536/19 2540/5 2541/1
2541/11 2542/1 2542/17
2542/18 2543/6 2543/8 2543/9
2544/4 2545/3 2545/4 2545/9
2546/15 2549/18 2550/25
2551/4 2551/8 2551/23 2555/8
2555/9 2555/9 2556/17
2558/20 2559/3 2560/4 2560/4
2566/17 2566/25 2567/1
2567/4 2567/7 2567/11
2568/14 2569/7 2569/11
2570/19
done [33] 2317/22 2321/8
2340/21 2341/17 2341/18
2341/18 2342/23 2342/25
2343/11 2407/20 2410/14
2432/11 2436/10 2443/17
2445/11 2445/21 2446/13
2446/14 2446/25 2450/4
2463/3 2463/3 2480/25 2489/1
2489/21 2493/4 2497/24
2509/15 2514/13 2515/16
2515/19 2533/15 2559/11
doohickey [1] 2549/6
door [2] 2465/21 2465/23
doubt [8] 2369/24 2370/1
2375/14 2382/19 2384/2
2387/7 2388/4 2392/5
doubted [1] 2391/4
down [87] 2299/15 2307/10
2307/15 2307/23 2308/2
2308/6 2308/8 2309/20 2311/9
2311/15 2312/17 2313/4
2313/16 2314/5 2317/7 2327/2
E
2327/10 2327/16 2328/4
e-mail [62] 2338/24 2339/5
2329/19 2329/22 2330/1
2331/6 2332/2 2333/2 2333/6
2344/21 2344/24 2345/9
2341/15 2347/1 2347/4 2348/4 2345/11 2345/13 2345/22
2348/9 2353/23 2354/21
2348/13 2348/19 2349/2
2355/24 2356/25 2360/19
2349/21 2349/24 2350/3
2360/21 2360/24 2362/6
2350/9 2350/11 2356/8
2373/2 2373/4 2373/12
2356/13 2356/18 2357/14
2373/13 2380/14 2385/14
2357/16 2357/18 2358/4
2385/24 2386/2 2395/19
2394/12 2394/24 2395/23
2397/10 2415/24 2416/2
2396/2 2397/9 2397/11
2420/10 2420/24 2421/1
2397/19 2397/25 2398/12
2398/14 2398/23 2405/4
2421/13 2426/3 2429/15
2409/1 2409/24 2418/13
2429/16 2437/22 2450/6
2418/24 2425/8 2425/9
2450/25 2457/8 2458/13
2426/15 2426/23 2427/7
2459/8 2461/9 2480/10
2427/17 2428/24 2429/4
2481/10 2491/3 2492/12
2429/18 2429/19 2429/24

2434/25 2438/21 2453/20
2538/23 2569/4 2569/12
2569/12 2569/14 2570/2
2570/13 2570/16 2570/20
e-mailed [1] 2339/8
e-mails [3] 2339/2 2344/17
2554/14
each [19] 2317/11 2317/12
2330/25 2336/24 2338/25
2388/17 2392/9 2393/7
2398/21 2406/12 2416/4
2425/13 2502/25 2511/3
2511/4 2511/5 2511/14
2535/22 2562/6
Eagle [3] 2364/13 2364/14
2365/1
earlier [13] 2299/17 2299/18
2339/24 2377/14 2378/24
2382/9 2415/16 2435/17
2448/8 2455/23 2525/12
2544/11 2561/25
early [10] 2299/1 2313/5
2316/22 2377/13 2527/17
2528/15 2542/10 2542/16
2542/25 2543/13
earned [3] 2318/17 2319/1
2556/5
earnings [5] 2318/17 2319/2
2319/2 2319/3 2319/4
easier [1] 2328/22
easily [2] 2443/4 2554/11
Eastern [1] 2300/6
eaten [1] 2362/23
economic [4] 2390/9 2390/11
2390/12 2390/13
economy [15] 2452/1 2527/16
2527/20 2527/25 2528/7
2528/8 2539/12 2539/13
2540/12 2542/5 2559/7
2559/13 2559/16 2565/6
2565/12
educational [1] 2301/11
effect [9] 2297/5 2299/3
2300/2 2314/15 2400/11
2400/20 2402/17 2457/8
2504/1
effective [2] 2396/5 2409/15
effort [7] 2478/17 2530/15
2530/19 2536/11 2544/6
2545/18 2559/21
efforts [1] 2544/25
eighteen [1] 2396/6
eighteen-five [1] 2396/6
either [9] 2484/18 2525/13
2532/4 2534/17 2542/17
2546/10 2562/1 2562/22
2567/1
eliminate [3] 2516/19 2558/13
2570/1
eliminating [2] 2569/16
2569/19
Ellen [1] 2298/19
Elmo [7] 2352/11 2358/6
2401/2 2405/20 2418/11
2447/7 2504/18
else [26] 2303/20 2334/13
2338/3 2339/11 2339/17
2364/6 2364/8 2365/19 2374/3
2387/22 2387/23 2391/5
2415/10 2449/10 2456/19
2470/21 2472/23 2475/13
2588
E
else... [8] 2496/3 2498/18
2514/10 2518/15 2549/10
2551/5 2560/15 2561/21
else's [1] 2374/4
emperor [9] 2376/19 2376/21
2376/24 2377/4 2560/20
2561/3 2562/21 2563/25
2566/4
empire [2] 2528/23 2551/6
employed [6] 2298/20 2308/6
2327/18 2327/20 2327/21
2532/11
employee [3] 2417/10 2427/21
2474/9
employees [13] 2316/11 2340/8
2349/11 2349/12 2417/17
2427/20 2449/1 2449/20
2453/25 2454/21 2498/17
2529/24 2550/3
employees' [1] 2349/7
employer [1] 2306/11
enable [1] 2313/11
end [48] 2304/19 2304/22
2332/1 2336/8 2344/21
2349/24 2351/13 2352/18
2359/3 2359/23 2360/7
2361/23 2363/8 2364/11
2365/1 2365/10 2366/1 2366/5
2369/7 2369/17 2371/10
2371/17 2374/7 2374/7
2374/19 2378/4 2380/8
2383/14 2383/21 2390/24
2426/20 2428/20 2428/23
2447/16 2448/6 2448/9 2449/4
2449/11 2451/15 2460/18
2463/14 2483/4 2512/24
2528/4 2530/19 2534/25
2545/14 2564/12
end 2006 [2] 2383/14 2383/21
end totals [1] 2374/19
ended [4] 2296/15 2353/25
2522/11 2538/8
ends [1] 2486/16
engaged [2] 2309/24 2469/8
engagement [3] 2297/12
2398/19 2398/21
enough [15] 2299/4 2316/12
2316/14 2320/12 2367/6
2370/15 2398/19 2436/14
2439/11 2439/18 2450/9
2520/5 2555/9 2560/2 2564/14
enter [3] 2367/8 2525/5
2525/8
entered [1] 2485/17
enterprise [2] 2486/15
2532/13
enterprises [1] 2533/16
entire [3] 2388/6 2416/5
2478/24
entities [38] 2306/6 2306/8
2317/1 2324/25 2324/25
2325/1 2337/9 2368/8 2370/19
2372/25 2373/11 2404/9
2434/20 2450/2 2475/14
2506/18 2517/22 2517/24
2519/9 2520/3 2528/25 2529/8
2529/11 2529/15 2530/21
2530/24 2530/24 2530/24
2531/3 2531/4 2534/16
2535/22 2550/1 2554/3
2555/23 2556/5 2556/6

2562/12
entitled [3] 2321/4 2539/24
2571/14
entity [18] 2330/15 2334/5
2350/20 2352/23 2355/10
2355/13 2355/14 2363/14
2364/15 2365/13 2365/16
2366/17 2415/17 2416/4
2417/25 2517/16 2519/9
2530/22
entrepreneur [6] 2492/18
2520/9 2520/15 2520/21
2528/11 2548/13
entries [2] 2428/17 2450/4
entry [5] 2324/12 2405/19
2435/14 2448/12 2498/3
equipment [4] 2305/11 2312/21
2455/12 2455/13
equipments [1] 2306/7
equities [3] 2313/25 2438/12
2445/24
equity [27] 2318/16 2437/8
2437/9 2437/12 2437/22
2438/5 2438/19 2438/25
2439/4 2440/9 2440/14
2440/19 2440/22 2442/3
2442/8 2442/15 2442/17
2442/24 2443/2 2443/14
2445/18 2448/13 2449/1
2507/25 2531/25 2532/2
2532/10
Especially [1] 2548/5
essentially [1] 2512/15
establish [1] 2305/16
established [6] 2368/13
2413/13 2413/16 2444/18
2464/14 2464/16
establishing [1] 2306/3
estate [24] 2428/21 2429/8
2429/13 2433/25 2434/7
2434/25 2435/18 2437/5
2438/14 2442/6 2527/21
2536/25 2537/1 2537/4 2537/6
2538/15 2559/1 2559/3 2559/8
2560/1 2560/7 2560/8 2568/24
2570/17
estimate [2] 2410/10 2441/18
estimations [1] 2450/5
etiquette [1] 2484/17
evaluates [1] 2309/16
evaluation [3] 2315/11
2441/23 2550/5
even [33] 2297/1 2297/6
2297/20 2300/7 2320/5 2320/7
2331/12 2335/5 2370/17
2386/16 2390/25 2411/11
2423/2 2426/25 2427/7 2428/2
2430/14 2435/11 2446/12
2450/21 2463/4 2464/1
2469/14 2470/17 2475/3
2495/14 2513/6 2515/11
2529/6 2542/25 2543/13
2565/11 2567/12
evening [1] 2571/11
event [3] 2299/14 2518/25
2555/3
events [2] 2508/11 2508/11
eventually [1] 2498/8
ever [49] 2297/16 2314/5
2314/9 2314/21 2315/2
2315/13 2317/2 2317/24
2337/24 2342/4 2343/15

2347/12 2347/19 2375/8
2375/10 2375/14 2375/16
2384/20 2387/16 2391/3
2391/5 2403/8 2403/11 2405/4
2406/16 2408/14 2408/18
2408/21 2412/11 2416/21
2421/18 2424/13 2424/13
2432/4 2433/11 2435/8
2435/11 2435/14 2463/16
2476/1 2478/15 2492/6
2492/16 2517/21 2527/2
2545/9 2552/10 2553/13
2558/19
every [21] 2318/16 2319/1
2322/21 2329/8 2351/11
2351/13 2351/21 2351/22
2352/23 2354/4 2390/4
2392/14 2426/17 2427/21
2474/8 2478/25 2501/14
2504/9 2521/3 2521/9 2521/9
everybody [9] 2332/24 2368/25
2415/9 2453/21 2476/11
2476/12 2527/20 2538/25
2570/14
everything [13] 2316/21
2456/19 2460/3 2461/24
2466/7 2466/9 2487/3 2487/7
2520/12 2520/12 2521/21
2531/11 2534/15
evidence [10] 2326/8 2326/9
2367/23 2462/12 2512/1
2512/4 2512/8 2544/16
2544/20 2544/22
exact [1] 2408/10
exactly [1] 2436/12
examination [10] 2301/2
2309/25 2310/8 2436/20
2465/5 2518/13 2530/18
2538/7 2549/22 2567/22
examined [1] 2518/12
example [4] 2328/23 2331/2
2526/6 2532/22
examples [2] 2331/3 2334/25
Excel [3] 2351/17 2430/4
2430/8
except [1] 2466/7
excessive [3] 2548/11 2548/12
2552/18
exchange [6] 2342/5 2408/10
2410/3 2410/14 2443/15
2446/9
exchanges [1] 2314/2
Excuse [3] 2328/9 2436/1
2454/4
executed [1] 2309/12
exhibit [15] 2317/23 2384/25
2400/9 2400/25 2408/25
2411/15 2411/19 2411/20
2447/18 2504/16 2519/24
2531/1 2531/1 2532/16
2532/17
existence [1] 2403/21
existing [3] 2321/9 2321/25
2321/25
exists [1] 2300/9
expand [1] 2349/14
expect [4] 2310/23 2314/3
2548/2 2559/23
expected [3] 2305/12 2399/4
2399/18
expense [7] 2395/4 2417/11
2589
E
expense... [5] 2417/16
2417/18 2419/14 2419/16
2419/17
expenses [43] 2329/9 2349/10
2349/17 2349/19 2358/21
2359/5 2359/8 2359/10
2360/10 2364/24 2384/18
2393/18 2393/22 2402/5
2403/7 2408/22 2417/8
2417/22 2418/3 2418/9
2418/22 2419/7 2419/11
2420/11 2420/12 2420/14
2420/17 2420/18 2421/10
2421/14 2421/18 2421/24
2422/15 2423/10 2424/13
2426/19 2562/5 2562/6
2563/10 2563/11 2564/15
2565/3 2565/17
expensive [1] 2565/11
experience [5] 2304/7 2304/8
2316/7 2316/22 2444/22
expert [3] 2508/14 2508/21
2508/22
expertise [2] 2413/18 2508/13
explain [20] 2321/21 2323/1
2368/17 2389/9 2394/25
2414/15 2433/21 2438/4
2438/18 2445/7 2456/12
2456/13 2471/4 2476/16
2501/16 2502/5 2502/7
2511/22 2514/22 2515/1
explained [6] 2357/1 2436/8
2471/6 2475/4 2502/5 2525/1
explaining [2] 2436/9 2502/10
explanation [2] 2315/16
2350/11
expose [2] 2321/6 2321/14
express [5] 2372/15 2419/10
2420/2 2423/2 2449/10
expressed [3] 2372/6 2422/18
2450/5
expressing [1] 2346/9
extends [1] 2299/22
extent [4] 2368/22 2369/5
2414/2 2487/16
extent -- so [1] 2369/5
external [47] 2341/25 2342/2
2342/17 2342/18 2342/20
2343/11 2343/16 2343/24
2351/25 2455/18 2455/22
2458/20 2458/23 2467/7
2469/5 2469/23 2470/1 2471/5
2471/7 2471/11 2472/10
2472/23 2473/16 2493/22
2496/20 2497/15 2498/6
2498/15 2549/11 2549/12
2549/25 2550/2 2550/3 2550/7
2550/16 2551/2 2551/7 2552/2
2552/10 2552/11 2553/10
2553/11 2553/11 2553/13
2553/14 2553/19 2553/20
extra [1] 2552/3
Exxon [2] 2443/5 2443/6
F
facilities [1] 2335/10
facing [1] 2390/9
fact [31] 2298/19 2299/8
2311/17 2319/18 2335/20
2381/17 2381/19 2382/7
2390/10 2403/18 2416/7

2493/4 2503/11 2509/8
2510/22 2519/21 2522/11
2527/4 2527/10 2536/16
2539/16 2539/23 2542/9
2544/17 2545/19 2546/3
2552/3 2552/12 2556/4
2557/23 2566/19
facts [1] 2544/16
factual [1] 2462/2
factually [1] 2508/24
failing [5] 2338/17 2338/18
2420/7 2514/8 2539/14
failure [3] 2529/11 2529/15
2529/19
faint [6] 2385/11 2477/9
2477/9 2477/12 2479/22
2479/24
fainted [1] 2477/3
fair [3] 2383/11 2385/18
2555/9
fairly [1] 2303/4
fairytale [1] 2561/2
false [1] 2454/11
familiar [13] 2321/1 2322/14
2407/19 2444/6 2511/9
2520/18 2520/20 2526/11
2533/3 2542/22 2544/25
2545/11 2545/19
family [5] 2452/4 2459/24
2463/1 2463/5 2481/2
fancy [1] 2389/17
far [1] 2486/4
fault [1] 2447/20
favor [3] 2408/1 2412/2
2412/17
Fazel [6] 2293/19 2293/20
2296/18 2296/19 2296/22
2296/25
FBI [34] 2460/7 2460/8
2461/10 2465/18 2465/19
2465/21 2466/12 2466/14
2467/9 2467/20 2468/15
2468/16 2469/2 2469/3 2469/3
2469/8 2469/10 2469/13
2469/17 2469/20 2469/23
2470/2 2470/8 2471/4 2472/4
2472/7 2472/10 2473/11
2476/9 2476/20 2478/14
2479/15 2482/18 2512/16
FBO [2] 2545/22 2545/23
FCRR [2] 2294/9 2571/19
feasible [1] 2559/12
FEBRUARY [11] 2293/4 2318/4
2326/17 2412/16 2419/14
2427/18 2451/25 2453/17
2461/4 2466/3 2571/16
February 12 [1] 2427/18
February 2008 [1] 2419/14
federal [3] 2299/10 2406/8
2406/9
fee [7] 2393/3 2398/19
2552/8 2553/13 2553/20
2553/21 2553/24
feel [2] 2476/3 2496/8
feeling [1] 2496/7
fees [4] 2297/13 2546/21
2551/19 2553/16
fellow [1] 2299/6
felt [8] 2449/22 2479/9
2479/13 2479/14 2496/4
2496/4 2496/5 2498/25
few [13] 2298/23 2299/4

2299/4 2320/1 2334/25
2370/19 2416/14 2431/16
2477/8 2494/2 2504/11 2548/1
2568/12
field [1] 2361/1
fifth [1] 2491/3
fifty [1] 2383/16
fifty-one [1] 2383/16
figure [8] 2386/10 2387/22
2389/18 2389/22 2426/17
2501/22 2504/20 2558/13
figured [3] 2447/11 2447/12
2450/8
figures [1] 2441/17
file [3] 2377/24 2378/14
2378/20
filed [1] 2296/11
files [9] 2297/2 2377/25
2378/15 2378/17 2378/18
2458/22 2459/23 2494/5
2494/6
final [2] 2352/18 2373/10
finalized [1] 2318/3
finally [5] 2373/12 2390/22
2423/24 2423/25 2446/24
finances [1] 2562/9
financial [96] 2296/8 2302/7
2302/8 2303/7 2303/23
2303/25 2304/16 2304/19
2305/18 2306/12 2306/13
2306/22 2307/2 2307/5
2307/21 2308/4 2309/14
2309/25 2310/10 2310/12
2310/15 2310/18 2314/7
2314/25 2316/17 2316/20
2316/23 2327/21 2327/23
2327/24 2330/3 2330/12
2330/17 2330/21 2331/9
2331/17 2332/5 2333/20
2333/23 2335/23 2340/9
2351/19 2353/2 2353/7
2353/11 2353/13 2353/20
2354/1 2354/3 2354/4 2354/12
2355/1 2358/19 2382/20
2383/11 2383/14 2384/3
2385/18 2387/13 2393/13
2393/21 2402/23 2403/25
2404/15 2404/18 2405/17
2407/1 2407/5 2411/23
2412/22 2414/17 2415/18
2418/1 2418/2 2418/20 2428/4
2449/8 2450/13 2451/13
2453/16 2474/8 2515/25
2530/22 2531/21 2531/22
2534/8 2534/10 2535/22
2539/8 2540/21 2544/2
2560/11 2562/14 2564/17
2564/21 2567/12
financially [1] 2543/22
financials [22] 2310/24
2315/11 2316/25 2352/5
2387/13 2400/4 2404/2
2405/16 2405/19 2441/2
2443/20 2445/17 2475/14
2475/15 2475/23 2475/23
2501/14 2529/13 2536/9
2550/5 2550/6 2562/11
find [18] 2296/13 2415/11
2443/4 2443/5 2443/6 2443/10
2443/14 2451/17 2452/2
2457/10 2460/8 2467/9
2590
F
find... [6] 2509/18 2517/2
2532/6 2549/19 2559/7 2559/8
fine [4] 2459/9 2465/8
2493/11 2568/13
finish [6] 2310/7 2336/24
2530/10 2557/16 2568/7
2568/15
fired [2] 2340/1 2521/20
firm [4] 2294/6 2296/15
2400/4 2480/5
first [41] 2299/25 2300/7
2302/8 2303/10 2303/11
2309/7 2311/8 2320/11 2324/3
2325/8 2344/25 2345/8
2345/11 2348/14 2348/16
2348/17 2349/21 2349/24
2350/2 2353/1 2353/4 2353/16
2360/17 2384/24 2390/25
2397/11 2397/24 2406/6
2407/24 2412/24 2413/20
2431/8 2438/8 2440/21 2450/6
2465/18 2469/22 2476/9
2490/11 2510/2 2564/11
fit [1] 2331/4
five [7] 2307/17 2374/10
2383/16 2385/21 2396/6
2470/18 2550/17
fix [1] 2430/5
fixed [11] 2305/7 2305/8
2305/9 2306/5 2312/17
2312/18 2379/18 2538/5
2540/18 2545/22 2545/23
fixtures [2] 2305/11 2312/20
flew [2] 2567/16 2567/17
flip [1] 2448/13
floor [4] 2293/21 2294/4
2453/22 2467/4
floors [1] 2453/21
flow [18] 2318/15 2325/4
2325/24 2326/6 2326/23
2326/24 2326/24 2327/7
2327/13 2328/14 2331/4
2395/19 2420/25 2438/8
2438/13 2438/18 2438/20
2442/5
flowed [8] 2325/25 2326/7
2475/4 2475/4 2517/21
2518/24 2524/6 2524/8
flowing [4] 2317/21 2328/15
2335/22 2517/18
fly [3] 2360/3 2360/4
2567/15
Flyin' [1] 2367/2
flying [2] 2373/16 2373/23
focus [7] 2318/22 2447/20
2447/22 2447/24 2448/1
2448/1 2448/2
focused [1] 2305/25
folder [1] 2497/21
folks [4] 2309/20 2337/25
2348/22 2446/12
follow [2] 2398/20 2530/3
follow-up [1] 2530/3
Following [1] 2349/4
food [3] 2361/10 2361/20
2386/13
football [38] 2343/19 2343/24
2455/19 2455/22 2456/1
2456/3 2456/8 2456/19
2456/24 2457/5 2458/3
2458/19 2459/1 2460/1 2460/7

2460/12 2460/17 2460/21
2465/22 2466/8 2466/10
2466/13 2466/15 2466/22
2467/5 2467/6 2467/8 2467/9
2467/12 2467/15 2469/10
2469/15 2469/18 2470/22
2473/14 2486/14 2493/21
2549/9
Force [1] 2457/2
forego [1] 2455/1
foregoing [1] 2571/14
foreign [1] 2522/2
foresight [1] 2318/17
form [14] 2314/12 2321/8
2322/22 2322/25 2337/16
2339/1 2347/14 2371/1
2372/11 2452/22 2464/15
2464/16 2512/15 2521/4
forma [1] 2445/17
format [1] 2378/12
formatted [1] 2430/3
formed [1] 2365/6
forming [1] 2524/12
forth [2] 2405/21 2441/19
Fortin [1] 2404/5
forwarded [1] 2429/24
found [3] 2400/24 2462/2
2469/17
four [9] 2322/21 2351/6
2364/21 2374/10 2383/16
2402/12 2430/14 2432/14
2452/9
Fourth [1] 2402/15
frame [1] 2499/23
franchise [1] 2526/8
fraud [3] 2424/10 2534/22
2565/22
free [2] 2476/3 2485/20
Friday [1] 2409/10
Friedli [1] 2409/10
friend [1] 2449/18
front [5] 2299/3 2299/4
2478/20 2481/22 2488/21
fuel [3] 2329/9 2359/12
2386/13
fuels [1] 2359/13
full [5] 2308/23 2327/7
2388/6 2432/8 2559/23
Fullerton [2] 2418/18 2418/19
fully [1] 2402/20
function [8] 2306/5 2309/15
2365/20 2365/21 2365/21
2365/23 2519/6 2563/18
functioned [1] 2550/16
functioning [2] 2522/13
2522/19
fund [16] 2348/1 2348/2
2350/1 2350/13 2368/13
2377/3 2377/3 2377/10 2384/5
2384/18 2388/3 2388/7
2434/20 2452/20 2517/23
2519/23
funded [9] 2321/25 2346/22
2353/10 2355/12 2372/25
2384/5 2506/20 2519/13
2557/12
funding [80] 2319/18 2319/19
2320/14 2321/23 2324/6
2324/18 2325/2 2325/2
2328/17 2330/6 2331/1
2331/16 2331/18 2335/15
2335/17 2337/14 2338/10

2339/5 2339/10 2339/21
2340/5 2340/12 2340/18
2340/19 2344/12 2344/14
2346/7 2346/12 2346/24
2347/23 2348/7 2350/12
2350/15 2351/11 2352/16
2353/6 2356/21 2356/23
2375/8 2375/20 2375/22
2391/12 2416/12 2433/18
2434/14 2435/15 2437/18
2447/3 2447/17 2448/6 2450/1
2450/1 2450/7 2450/16
2452/17 2452/19 2458/9
2459/12 2472/24 2498/4
2498/20 2498/22 2501/15
2502/4 2502/4 2502/16
2502/18 2502/25 2505/11
2506/9 2506/17 2506/19
2513/9 2513/10 2513/11
2513/13 2524/3 2562/4 2563/2
2569/16
fundings [2] 2319/23 2416/7
funds [13] 2319/20 2324/22
2325/1 2326/24 2328/14
2346/1 2349/4 2350/13
2355/11 2475/22 2505/19
2524/8 2541/14
funny [2] 2484/11 2484/13
furniture [3] 2305/11 2306/7
2312/20
further [3] 2318/16 2318/22
2409/17
future [7] 2318/18 2319/11
2399/4 2399/18 2486/3 2526/2
2530/5
G
gain [1] 2534/18
gains [1] 2534/16
Galveston [1] 2298/11
Garcia [7] 2449/14 2449/16
2449/21 2449/25 2450/15
2450/25 2451/3
gathers [1] 2299/16
gave [6] 2296/18 2416/5
2445/18 2480/13 2497/6
2499/11
genealogical [1] 2419/17
general [12] 2302/4 2302/4
2316/18 2324/9 2339/24
2415/25 2428/15 2547/17
2551/12 2551/13 2559/14
2559/15
Generale [5] 2403/12 2403/15
2404/13 2406/15 2406/23
generally [14] 2302/1 2312/10
2314/1 2316/16 2320/1
2325/21 2376/2 2408/5
2408/13 2410/17 2432/1
2438/4 2442/19 2474/7
generate [4] 2389/12 2389/14
2390/1 2526/3
generated [10] 2475/9 2475/20
2499/6 2556/20 2556/25
2569/3 2569/14 2570/13
2570/18 2570/21
generating [1] 2524/24
generous [3] 2552/24 2552/25
2553/1
Geneva [1] 2407/15
genre [1] 2457/5
2591
G
gentlemen [4] 2332/22 2414/22
2485/2 2571/4
get [56] 2298/6 2298/7
2298/16 2302/21 2304/17
2313/20 2322/8 2322/11
2325/8 2330/13 2331/12
2331/13 2336/14 2343/5
2348/1 2350/15 2358/15
2358/16 2366/5 2387/21
2398/20 2415/7 2422/15
2424/11 2426/17 2428/24
2443/17 2446/14 2454/15
2454/16 2456/20 2465/11
2466/21 2468/7 2473/8 2473/8
2473/21 2476/4 2476/6
2480/24 2488/1 2489/6
2489/15 2491/16 2492/11
2493/18 2496/22 2503/6
2503/6 2512/12 2532/8
2534/15 2542/17 2542/18
2565/15 2566/22
gets [4] 2298/17 2392/18
2485/24 2507/10
getting [20] 2299/16 2333/16
2335/15 2335/20 2337/14
2342/25 2354/9 2358/24
2368/10 2382/5 2384/20
2410/21 2437/18 2452/1
2503/4 2536/3 2548/22 2552/2
2555/6 2565/10
gifted [1] 2334/17
Gil [25] 2303/21 2325/12
2337/1 2337/23 2343/9
2345/25 2357/13 2357/25
2378/3 2394/17 2397/22
2398/15 2429/20 2474/15
2474/15 2490/17 2493/24
2497/5 2498/6 2498/19
2509/10 2514/8 2535/1 2563/9
2569/5
Gil's [2] 2396/5 2513/21
give [22] 2296/17 2300/19
2315/10 2334/25 2336/25
2360/10 2430/5 2436/15
2450/18 2454/5 2466/16
2467/18 2470/11 2476/20
2481/19 2499/3 2499/19
2499/23 2507/20 2553/23
2553/23 2559/1
given [22] 2299/11 2314/9
2314/21 2314/23 2315/14
2315/16 2319/5 2359/2
2405/18 2407/6 2416/16
2438/25 2446/11 2449/1
2450/22 2450/24 2456/2
2462/19 2472/18 2482/4
2482/7 2498/9
gives [1] 2540/16
giving [3] 2404/6 2415/25
2473/24
glass [2] 2368/5 2371/20
global [8] 2304/23 2304/25
2330/3 2330/12 2331/17
2365/15 2427/19 2490/13
Global-all [1] 2427/19
globally [1] 2332/24
GM [2] 2330/10 2330/22
go [131] 2300/13 2302/6
2307/25 2308/13 2308/23
2309/4 2313/19 2314/5
2317/23 2318/5 2320/23

2326/2 2330/21 2332/18
2334/5 2334/6 2334/23
2344/19 2345/8 2348/14
2348/16 2349/1 2349/21
2350/2 2356/10 2358/6 2358/8
2360/5 2362/12 2362/17
2363/8 2363/21 2365/10
2366/7 2369/2 2369/9 2371/3
2374/11 2375/25 2379/24
2380/1 2380/10 2380/19
2381/20 2382/22 2383/10
2383/11 2383/19 2384/23
2384/24 2385/10 2386/22
2392/11 2393/24 2394/22
2395/13 2395/21 2397/7
2397/16 2397/24 2398/12
2398/22 2399/19 2400/9
2400/11 2400/16 2400/18
2400/20 2400/23 2400/24
2401/2 2401/18 2402/7
2407/17 2415/12 2417/7
2418/11 2419/18 2420/7
2423/20 2424/23 2424/24
2425/23 2426/10 2426/15
2427/11 2427/22 2429/2
2429/15 2429/16 2429/24
2430/10 2430/24 2432/7
2432/8 2436/19 2436/21
2438/8 2438/16 2440/12
2441/22 2443/8 2443/10
2443/11 2445/5 2447/7
2447/13 2447/25 2451/22
2452/3 2453/10 2457/23
2459/6 2476/13 2476/18
2494/21 2504/21 2509/20
2512/17 2515/9 2529/4
2530/11 2539/19 2540/6
2544/23 2549/1 2557/2 2559/4
2565/13 2568/16 2568/17
goal [1] 2545/8
God [1] 2480/21
goes [7] 2299/15 2339/15
2339/15 2415/17 2415/20
2441/20 2525/20
going [133] 2296/13 2298/7
2298/19 2302/21 2307/10
2319/25 2322/13 2325/3
2325/10 2325/15 2330/10
2331/24 2335/1 2335/2 2335/5
2335/14 2336/1 2337/22
2340/16 2341/23 2344/9
2346/4 2346/25 2347/9
2347/11 2349/10 2349/10
2349/14 2349/18 2353/11
2353/22 2354/1 2354/20
2357/20 2362/25 2367/23
2369/13 2369/19 2371/16
2371/19 2372/1 2372/9
2372/16 2375/8 2375/15
2375/16 2378/7 2381/8
2381/12 2384/16 2387/6
2389/19 2392/6 2393/4 2397/1
2401/8 2401/11 2406/14
2425/18 2426/12 2428/18
2432/17 2432/19 2433/14
2434/2 2434/3 2434/12
2434/13 2435/1 2435/5 2435/6
2436/15 2436/15 2440/21
2440/23 2441/5 2441/7 2442/9
2446/5 2448/4 2450/2 2452/18
2454/4 2455/1 2458/21
2458/22 2462/1 2462/20

2465/2 2465/11 2471/2
2471/24 2480/21 2481/2
2481/12 2482/20 2483/20
2493/6 2493/8 2493/14
2494/12 2494/13 2495/23
2495/25 2496/3 2496/3 2498/4
2498/8 2501/3 2501/22 2503/8
2513/10 2517/22 2519/13
2524/13 2524/18 2524/20
2528/23 2528/25 2529/20
2535/15 2546/24 2553/22
2553/22 2554/14 2554/15
2558/15 2558/19 2558/25
2564/6 2568/20 2570/14
2570/22
gone [13] 2320/20 2332/2
2353/4 2365/2 2365/11 2370/9
2374/8 2374/20 2386/9
2386/12 2447/4 2448/8
2542/11
good [20] 2301/4 2301/5
2347/20 2358/9 2358/24
2392/15 2410/9 2414/20
2450/19 2521/19 2528/12
2528/14 2529/2 2529/6
2535/25 2536/2 2536/6 2536/6
2568/4 2571/10
goodness [1] 2480/16
gospel [1] 2367/7
got [24] 2305/25 2406/11
2425/5 2443/16 2469/6 2473/8
2477/9 2483/19 2489/14
2493/17 2499/14 2503/16
2515/10 2517/25 2521/14
2521/21 2524/6 2529/3 2531/1
2533/20 2539/16 2542/2
2567/8 2568/9
gotten [2] 2381/23 2545/6
government [68] 2293/11
2296/9 2297/14 2297/18
2297/23 2308/11 2331/22
2342/13 2344/19 2356/4
2362/25 2366/7 2373/19
2373/19 2373/20 2378/7
2379/1 2382/22 2384/2 2385/2
2386/23 2395/13 2400/9
2400/23 2401/1 2401/18
2405/24 2406/15 2415/9
2424/23 2427/11 2429/2
2438/16 2455/23 2461/1
2461/2 2461/16 2461/22
2461/23 2462/3 2462/9
2462/12 2478/9 2478/25
2479/4 2480/10 2480/20
2481/10 2481/17 2482/2
2482/12 2485/15 2486/20
2487/5 2493/19 2499/24
2500/22 2500/23 2501/22
2510/23 2511/22 2511/24
2519/15 2539/19 2543/11
2545/4 2545/9 2548/15
Government 415 [1] 2438/16
government's [7] 2301/1
2367/24 2493/25 2509/9
2519/23 2531/1 2567/6
Government's 322A [1] 2367/24
graduating [1] 2301/14
grant [1] 2484/25
graph [1] 2374/14
graphs [2] 2313/20 2475/21
Gratta [1] 2407/7
2592
G
great [11] 2298/20 2347/12
2347/19 2376/10 2376/12
2423/19 2442/21 2442/21
2528/9 2561/8 2561/9
greetings [1] 2299/5
Gregg [1] 2293/12
Gregory [1] 2379/1
grew [1] 2422/23
group [49] 2302/7 2303/25
2306/12 2306/13 2307/21
2308/4 2314/25 2327/23
2327/24 2330/3 2330/12
2330/17 2330/22 2331/6
2331/9 2331/17 2333/20
2333/24 2335/23 2342/9
2352/7 2352/24 2353/2 2353/7
2353/11 2353/13 2353/20
2354/1 2354/4 2355/1 2358/10
2358/19 2393/13 2403/25
2404/15 2404/18 2405/17
2407/2 2407/5 2411/23
2415/18 2418/1 2418/2
2418/20 2531/7 2531/16
2532/20 2562/14 2564/18
Group's [1] 2354/3
grouped [1] 2352/25
grow [6] 2333/16 2375/7
2420/20 2422/21 2426/19
2532/4
growing [6] 2322/18 2337/21
2375/22 2562/5 2562/5 2562/5
grown [4] 2452/17 2452/19
2453/3 2453/5
growth [5] 2318/19 2319/11
2375/3 2375/11 2391/11
guarantee [3] 2321/11 2462/17
2486/11
guaranteed [2] 2323/4 2323/5
Guard [1] 2457/3
guess [4] 2300/2 2343/25
2397/16 2457/7
guessing [1] 2344/2
guy [6] 2297/20 2497/9
2516/6 2521/24 2522/1
2526/12
guys [9] 2299/3 2492/11
2515/23 2515/24 2516/2
2516/15 2535/3 2535/7
2569/25
H
H-09-CR-342-1 [1] 2293/3
had [212] 2296/23 2296/24
2302/13 2302/14 2304/14
2307/25 2315/7 2315/18
2316/22 2317/11 2317/15
2317/16 2319/18 2320/20
2323/9 2324/12 2332/1 2332/5
2333/11 2333/17 2333/17
2342/5 2342/9 2346/6 2351/6
2353/4 2359/18 2360/3 2360/7
2360/11 2361/23 2364/11
2364/15 2365/2 2365/10
2365/13 2365/21 2370/3
2370/9 2370/13 2371/22
2373/9 2373/18 2373/22
2374/8 2374/16 2374/20
2377/1 2377/2 2377/9 2377/24
2378/12 2381/3 2381/22
2382/13 2382/15 2383/21
2384/3 2385/15 2386/9

2386/12 2386/18 2388/22
2389/6 2389/10 2391/3 2404/3
2404/17 2404/20 2404/25
2405/4 2405/11 2406/11
2406/12 2408/14 2408/22
2411/12 2417/14 2420/14
2422/3 2426/21 2426/24
2426/25 2427/7 2428/9
2428/17 2429/8 2429/11
2430/15 2434/18 2434/19
2434/22 2435/17 2435/25
2437/23 2438/5 2439/8
2439/25 2440/2 2440/16
2441/18 2445/22 2446/3
2446/12 2447/4 2448/8 2449/1
2450/8 2450/19 2450/22
2451/4 2451/23 2452/4
2452/17 2452/19 2453/3
2453/5 2456/15 2457/12
2458/2 2458/20 2458/22
2458/23 2458/25 2459/20
2460/1 2461/25 2464/6
2465/25 2466/9 2467/12
2467/14 2467/17 2469/12
2469/15 2469/22 2471/6
2471/10 2471/11 2472/3
2472/5 2472/6 2472/8 2472/18
2473/23 2480/5 2480/9
2480/13 2480/18 2481/17
2482/10 2486/20 2486/24
2487/21 2487/23 2488/20
2488/23 2489/1 2489/4
2489/21 2489/23 2490/2
2496/10 2497/19 2499/5
2501/10 2516/14 2519/9
2520/6 2528/9 2528/12 2530/5
2532/11 2534/2 2537/6
2537/13 2537/19 2537/21
2538/5 2538/6 2542/10
2542/11 2542/24 2543/10
2544/7 2544/8 2545/6 2545/6
2545/8 2546/3 2548/25 2551/1
2551/6 2555/10 2557/19
2557/25 2558/1 2559/17
2559/20 2560/5 2562/8 2562/8
2562/11 2562/22 2562/22
2566/5 2566/5 2566/11
2566/21 2567/8 2567/8
2567/20
half [10] 2308/3 2353/5
2355/6 2410/9 2410/9 2410/15
2415/23 2416/10 2431/12
2513/3
hand [16] 2297/7 2300/17
2326/20 2352/21 2352/22
2378/7 2385/21 2385/25
2395/5 2430/17 2432/7
2432/11 2458/11 2458/12
2470/8 2471/19
handed [1] 2473/13
handful [1] 2552/15
hands [3] 2482/13 2488/19
2540/5
Hang [2] 2352/13 2456/11
hangar [2] 2546/3 2546/4
hangars [1] 2359/13
happen [9] 2299/1 2299/18
2329/25 2339/13 2355/16
2373/6 2440/22 2441/6
2570/24
happened [8] 2318/2 2444/25
2445/4 2522/20 2527/24

2528/4 2528/6 2533/12
happening [6] 2396/2 2425/21
2426/5 2460/3 2506/12
2506/12
happens [3] 2298/10 2482/25
2487/20
happy [5] 2368/16 2372/15
2372/17 2512/7 2567/3
hard [11] 2471/5 2472/10
2472/23 2473/16 2473/22
2474/1 2493/22 2494/15
2495/17 2549/11 2549/12
harm [1] 2456/21
Harry [5] 2338/17 2338/18
2420/7 2513/22 2514/8
Harvard [1] 2299/7
has [30] 2308/12 2318/18
2319/10 2354/8 2366/7
2368/13 2368/16 2376/19
2376/24 2377/4 2384/4
2398/19 2399/3 2399/6
2399/23 2407/19 2410/11
2410/14 2415/9 2439/15
2456/16 2457/11 2469/7
2488/8 2488/9 2514/23
2514/23 2525/1 2560/20
2562/21
has no [4] 2376/19 2376/24
2377/4 2457/11
hasn't [1] 2464/15
have [229] 2297/2 2298/11
2299/4 2299/17 2300/9
2300/22 2304/6 2307/6 2308/5
2312/10 2312/12 2312/13
2315/12 2316/12 2319/13
2319/16 2323/2 2327/3
2332/19 2339/17 2343/15
2349/4 2349/25 2350/1 2351/3
2351/6 2353/4 2356/5 2361/11
2362/23 2366/2 2369/22
2372/7 2373/16 2374/2
2374/14 2374/15 2377/1
2385/9 2388/13 2389/13
2389/15 2389/24 2393/3
2394/18 2401/14 2402/3
2403/5 2406/16 2407/10
2407/12 2410/4 2410/13
2413/21 2415/4 2419/10
2427/12 2428/6 2430/15
2432/4 2433/10 2433/22
2435/17 2436/16 2436/23
2438/18 2438/24 2439/11
2439/25 2440/4 2440/5
2442/21 2443/5 2443/7 2444/4
2444/5 2449/16 2450/9
2451/20 2452/6 2452/9 2452/9
2452/9 2452/10 2452/11
2456/23 2457/12 2461/20
2463/1 2463/1 2463/3 2463/3
2463/5 2463/8 2464/2 2464/6
2464/7 2464/9 2464/16
2465/11 2466/21 2468/13
2468/15 2471/2 2471/14
2471/24 2472/1 2473/10
2473/11 2475/21 2476/4
2478/22 2479/19 2480/25
2481/21 2481/23 2481/25
2482/2 2482/8 2482/11
2482/12 2482/12 2482/15
2482/15 2484/4 2485/15
2485/20 2486/11 2488/5
2593
H
have... [100] 2488/12 2488/14
2488/17 2491/10 2491/11
2491/13 2491/25 2492/2
2492/3 2492/4 2492/12
2492/16 2493/9 2495/19
2496/23 2496/25 2498/13
2499/5 2500/10 2500/24
2504/18 2505/3 2505/5
2505/22 2506/4 2506/5 2507/9
2512/20 2512/20 2519/10
2520/11 2523/8 2524/22
2524/22 2525/22 2526/24
2528/12 2529/21 2529/21
2530/2 2530/6 2530/22
2531/18 2532/16 2533/5
2534/8 2534/16 2534/17
2534/17 2535/20 2537/19
2539/2 2539/7 2539/19 2540/2
2541/16 2541/20 2541/23
2542/1 2542/11 2542/11
2547/6 2547/25 2550/20
2550/22 2551/4 2551/5 2551/8
2551/14 2551/21 2552/8
2552/10 2553/13 2553/15
2553/16 2553/17 2553/21
2555/15 2555/15 2556/1
2556/3 2559/5 2559/16
2560/13 2562/2 2562/3
2562/23 2566/7 2566/8 2566/8
2566/10 2566/11 2566/13
2566/15 2566/16 2566/22
2567/7 2567/11 2567/13
2568/11
haven't [8] 2369/3 2408/17
2475/19 2499/11 2507/22
2543/10 2543/12 2555/10
having [8] 2399/14 2435/8
2469/4 2471/3 2478/20
2560/17 2561/4 2562/5
he [316]
he's [13] 2314/14 2332/16
2358/4 2368/4 2398/2 2436/3
2444/18 2444/18 2454/15
2464/14 2547/11 2565/9
2565/9
head [10] 2452/21 2465/15
2467/22 2477/22 2491/24
2493/5 2499/18 2522/8
2526/16 2570/4
header [1] 2385/5
heading [1] 2528/2
hear [5] 2302/8 2323/22
2403/11 2403/21 2426/20
heard [16] 2369/3 2403/16
2404/20 2404/25 2405/5
2405/12 2406/16 2407/13
2407/14 2426/25 2427/7
2429/11 2429/13 2436/21
2543/1 2564/11
hearsay [3] 2454/3 2454/14
2504/1
heavily [1] 2436/9
heck [2] 2456/12 2528/13
held [5] 2340/16 2341/12
2368/6 2407/1 2472/16
Hello [1] 2465/7
help [11] 2305/15 2325/4
2415/7 2430/8 2438/18
2440/15 2477/5 2492/11
2501/25 2503/23 2524/25
helped [3] 2478/5 2478/16

2478/18
helping [1] 2306/2
helps [3] 2385/12 2486/15
2503/22
Henry [5] 2296/7 2296/13
2300/15 2301/1 2301/8
here [61] 2298/18 2298/21
2299/1 2299/15 2299/18
2300/11 2301/17 2301/18
2322/22 2327/3 2328/10
2362/9 2400/24 2403/4
2415/24 2416/2 2421/1
2447/25 2448/12 2465/9
2474/25 2475/19 2482/3
2482/21 2483/8 2487/24
2488/1 2488/21 2492/20
2492/23 2493/9 2493/17
2495/7 2499/4 2501/19 2503/7
2503/23 2504/16 2504/23
2505/23 2509/20 2510/15
2511/21 2519/12 2523/7
2529/5 2531/1 2532/16
2532/22 2532/25 2533/8
2539/16 2548/15 2548/23
2548/25 2548/25 2560/18
2563/4 2567/3 2569/9 2569/13
Hewlett [48] 2310/2 2310/14
2392/10 2392/17 2392/21
2392/23 2393/13 2394/3
2394/18 2394/25 2395/3
2396/6 2396/16 2396/20
2397/1 2397/13 2397/23
2399/3 2399/6 2399/10
2399/14 2402/16 2403/7
2403/8 2403/18 2408/2
2408/15 2408/18 2408/22
2409/11 2410/21 2412/2
2412/11 2412/17 2413/8
2414/15 2549/21 2549/25
2551/2 2551/6 2551/15
2551/21 2552/1 2552/9 2554/1
2555/1 2555/11 2555/13
Hewlett's [2] 2392/12 2396/3
hide [2] 2345/19 2503/9
high [12] 2299/8 2312/6
2337/13 2337/14 2367/2
2396/19 2401/17 2402/19
2411/12 2545/14 2548/7
2565/12
high-end [1] 2545/14
higher [8] 2304/24 2305/1
2312/12 2389/15 2389/15
2441/11 2441/15 2441/18
highest [1] 2299/10
highlight [6] 2318/5 2320/23
2326/20 2379/2 2385/4
2401/22
highlighted [2] 2316/23
2509/21
him [57] 2296/16 2296/18
2296/18 2297/12 2325/20
2339/8 2362/2 2368/16
2372/10 2375/11 2391/11
2393/7 2420/6 2421/19 2430/5
2436/15 2436/15 2436/17
2449/22 2449/23 2450/1
2450/4 2450/7 2450/12
2450/15 2451/4 2454/9
2456/17 2457/3 2459/6
2468/22 2484/6 2489/10
2490/16 2490/20 2490/24
2492/3 2503/18 2508/21

2508/23 2518/21 2518/24
2523/13 2530/10 2537/19
2538/1 2549/15 2549/21
2551/2 2553/9 2558/1 2561/10
2562/20 2563/2 2564/6
2565/13 2568/14
himself [1] 2367/10
Hinojosa [2] 2299/5 2299/9
Hinton [1] 2296/25
Hinton's [1] 2296/15
hire [3] 2296/25 2480/1
2553/4
hired [6] 2342/9 2477/23
2478/3 2480/5 2553/7 2553/8
hiring [2] 2296/15 2460/18
his [49] 2297/7 2319/6 2319/6
2325/10 2326/6 2362/3 2372/6
2372/6 2372/24 2373/11
2373/14 2378/4 2378/13
2378/16 2391/18 2391/18
2392/2 2393/3 2400/1 2413/4
2413/14 2413/17 2418/9
2419/11 2420/5 2421/25
2422/1 2422/15 2422/16
2436/5 2439/5 2455/2 2484/9
2490/18 2490/22 2506/17
2511/11 2518/16 2526/8
2548/18 2548/20 2551/19
2552/1 2552/25 2554/15
2566/1 2566/1 2567/11
2567/12
his -- you [1] 2372/6
historians [1] 2300/9
history [2] 2510/4 2510/6
HITTNER [2] 2293/8 2488/14
Hold [8] 2347/17 2391/24
2413/11 2456/10 2456/11
2489/5 2520/13 2530/10
holder [1] 2542/3
holders [1] 2542/6
Holdings [4] 2437/15 2438/23
2440/20 2444/12
holds [1] 2299/8
Holt [1] 2296/13
home [9] 2455/15 2458/17
2458/18 2458/19 2458/20
2459/11 2459/20 2460/2
2568/16
Honor [44] 2297/20 2300/14
2302/21 2308/12 2333/8
2345/18 2352/11 2356/6
2358/6 2362/18 2373/25
2374/11 2382/23 2394/14
2401/1 2401/20 2405/21
2406/1 2406/23 2410/13
2411/17 2414/21 2415/13
2418/11 2424/24 2427/13
2430/23 2433/23 2436/18
2447/7 2447/14 2457/24
2465/1 2467/25 2476/17
2482/4 2483/17 2484/21
2485/11 2489/18 2504/18
2508/19 2539/21 2548/22
HONORABLE [1] 2293/8
hope [4] 2391/13 2391/19
2392/2 2525/19
hoped [1] 2391/17
hopefully [2] 2541/19 2547/22
hoping [2] 2462/15 2518/11
host [1] 2335/14
hotel [5] 2532/22 2532/25
2594
2569/2 2569/6 2569/8 2569/10

2554/25 2555/8 2555/9
H
2569/11 2570/1
2555/20 2557/3 2557/24
hotel... [3] 2533/3 2533/8
if [203] 2297/6 2298/25
2558/15 2560/1 2560/2
2533/8
2299/9 2299/14 2299/18
2563/11 2564/3 2564/13
hours [5] 2475/1 2475/19
2566/1 2566/3 2566/10 2567/7 2300/11 2308/8 2308/11
2488/22 2501/19 2553/21
2309/4 2309/23 2310/7
2567/20 2567/23 2568/20
house [6] 2421/25 2422/1
2310/20 2313/19 2313/20
2569/14 2570/14
2422/7 2422/9 2422/11
Howard [1] 2293/15
2318/5 2320/23 2321/4 2323/5
2456/14
HPD [1] 2453/23
2326/20 2328/22 2339/13
housekeeping [1] 2454/6
HR [6] 2302/9 2302/10 2303/5
2339/17 2340/1 2341/7 2345/8
housing [1] 2422/16
2349/1 2350/2 2350/23 2352/6
2303/11 2303/19 2306/15
HOUSTON [34] 2293/2 2293/4
huge [1] 2299/23
2354/18 2356/15 2357/14
2293/13 2293/21 2294/5
huh [13] 2323/25 2378/19
2360/1 2365/10 2365/15
2294/7 2294/11 2298/9
2366/4 2366/19 2367/4
2468/10 2477/4 2495/10
2298/11 2298/14 2301/12
2501/9 2511/15 2516/1 2528/5 2368/18 2368/24 2371/3
2301/15 2301/17 2301/18
2374/11 2378/7 2379/2
2528/18 2533/11 2534/23
2307/15 2317/17 2328/10
2379/11 2380/1 2380/14
2545/25
2328/21 2330/17 2340/17
huh-uh [1] 2534/23
2383/5 2383/5 2383/10
2341/11 2341/21 2361/11
humble [1] 2457/9
2383/19 2384/24 2385/4
2387/19 2403/4 2403/5
hundred [6] 2322/21 2383/16
2385/10 2385/11 2386/23
2421/25 2422/1 2422/9 2492/5 2506/25 2518/20 2551/9
2388/5 2388/11 2388/12
2526/14 2529/9 2532/23
2389/10 2389/11 2389/23
2552/14
2532/25
hypothetical [1] 2547/17
2392/11 2394/12 2395/13
how [179] 2302/8 2307/15
2397/10 2397/23 2397/24
2308/2 2312/7 2321/24 2325/7 I
2398/12 2398/22 2400/16
I'd [2] 2500/10 2508/19
2325/24 2326/7 2328/14
2402/7 2402/12 2405/20
I'll [19] 2297/12 2314/18
2331/19 2332/4 2336/14
2410/16 2413/20 2414/21
2334/21 2368/11 2368/22
2336/22 2337/9 2337/13
2416/2 2417/13 2419/12
2370/7 2456/12 2456/13
2337/14 2337/21 2344/7
2419/18 2422/14 2424/23
2459/6 2476/6 2476/20
2346/21 2346/22 2348/2
2426/15 2427/11 2427/22
2484/25 2489/8 2509/18
2350/5 2353/10 2353/13
2429/2 2429/15 2429/15
2353/19 2354/2 2354/2 2355/3 2512/7 2521/23 2541/15
2429/24 2432/7 2434/7
2355/6 2355/7 2359/2 2359/18 2549/19 2549/20
2435/11 2436/3 2436/14
I'm [67] 2296/13 2297/9
2359/24 2360/7 2360/11
2436/16 2436/23 2438/16
2301/10 2318/7 2323/22
2360/14 2361/14 2361/23
2440/2 2443/6 2443/21 2445/3
2363/3 2363/6 2364/19 2365/2 2325/3 2332/23 2334/17
2445/4 2446/23 2447/7
2365/10 2366/1 2369/13
2335/5 2347/17 2362/25
2451/10 2456/9 2456/10
2370/7 2370/9 2370/13
2367/23 2368/16 2378/7
2456/25 2457/8 2458/1 2461/1
2370/20 2374/20 2374/23
2379/14 2384/14 2384/25
2461/24 2462/1 2462/6 2462/9
2375/21 2376/3 2376/5
2393/10 2404/24 2406/14
2463/23 2471/12 2473/16
2376/14 2378/15 2380/5
2407/16 2436/13 2436/14
2475/7 2476/1 2476/5 2476/11
2380/12 2381/22 2383/21
2436/15 2440/2 2447/25
2476/14 2479/6 2480/24
2386/2 2386/4 2387/2 2389/22 2454/4 2457/13 2462/24
2481/11 2481/12 2481/13
2393/3 2393/6 2393/13 2394/9 2462/24 2463/7 2468/2
2482/10 2482/12 2482/23
2394/17 2395/10 2401/8
2473/21 2474/21 2475/25
2483/5 2483/10 2483/16
2401/11 2402/4 2403/18
2479/23 2480/21 2483/8
2483/25 2484/16 2485/21
2403/21 2407/20 2407/22
2493/8 2493/14 2506/12
2486/21 2487/19 2487/23
2408/3 2412/5 2412/19
2508/14 2508/14 2508/23
2487/24 2488/1 2488/3 2489/4
2419/21 2419/25 2420/2
2518/11 2520/15 2520/20
2489/9 2489/13 2489/17
2422/18 2424/3 2425/12
2520/22 2522/5 2523/8 2524/5 2492/12 2495/13 2495/23
2430/4 2430/13 2437/21
2525/1 2526/11 2526/11
2497/6 2498/1 2499/20
2438/4 2439/25 2439/25
2533/23 2535/11 2536/17
2503/21 2504/20 2505/24
2443/14 2444/4 2446/22
2543/24 2547/20 2548/14
2506/12 2508/5 2509/20
2446/25 2452/17 2453/3
2548/17 2548/22 2549/3
2509/21 2510/21 2513/23
2453/3 2453/4 2453/5 2455/25 2563/5 2563/14 2566/19
2517/1 2524/19 2524/23
2456/7 2456/23 2458/1 2458/2 2567/2
2525/1 2529/14 2530/6
I've [9] 2297/8 2406/9
2465/7 2465/11 2467/9
2532/22 2534/12 2534/12
2467/14 2469/12 2469/17
2406/11 2407/13 2407/14
2534/15 2534/15 2534/16
2470/15 2472/6 2475/4 2475/4 2469/6 2473/8 2503/22
2534/17 2534/17 2535/13
2475/7 2475/15 2475/20
2530/25
2536/17 2542/10 2542/16
idea [41] 2387/11 2407/10
2475/20 2477/7 2477/19
2542/16 2545/18 2547/15
2478/11 2480/14 2480/24
2407/12 2410/4 2410/12
2548/5 2548/7 2548/23
2418/8 2442/21 2444/4
2492/2 2494/3 2500/21
2552/18 2552/24 2553/1
2493/22 2495/19 2495/20
2508/10 2513/23 2514/16
2554/3 2555/5 2555/9 2556/16
2515/1 2515/2 2519/14 2521/4 2509/8 2509/10 2509/10
2558/7 2558/8 2559/5 2559/7
2509/10 2509/13 2510/2
2521/4 2523/10 2524/12
2559/8 2559/25 2566/22
2528/12 2533/20 2534/24
2525/23 2529/23 2531/23
2568/6 2571/5
2536/4 2536/20 2542/2 2542/3 2534/25 2535/9 2535/25
imbalance [1] 2520/2
2544/13 2545/6 2546/6 2546/8 2537/9 2543/25 2551/5
immediate [1] 2391/7
2551/14 2551/22 2552/8
2546/11 2546/14 2547/6
immediately [3] 2342/23
2559/16 2565/11 2566/5
2550/15 2552/13 2553/4
2373/6 2469/23
2566/10 2567/8 2567/11
2553/21 2553/22 2553/25
immunity [2] 2461/18 2461/20
2595
I
important [1] 2456/18
impression [3] 2396/13
2503/13 2518/11
improper [1] 2332/10
improperly [1] 2332/10
improving [1] 2547/21
in-house [1] 2456/14
inaccessible [1] 2497/11
inaccuracies [1] 2416/19
inartfully [1] 2486/6
incident [3] 2460/20 2461/4
2471/1
include [11] 2323/16 2327/13
2358/12 2361/2 2380/24
2531/3 2531/7 2531/8 2531/9
2531/10 2531/11
included [10] 2308/20 2310/12
2340/18 2340/19 2344/16
2346/12 2358/18 2358/21
2363/13 2386/10
includes [1] 2361/5
income [6] 2387/1 2387/8
2387/25 2388/10 2389/25
2556/20
inconsistent [2] 2332/3
2483/25
Incorporated [2] 2365/18
2365/19
incorrect [1] 2499/21
increase [14] 2396/6 2397/3
2409/25 2432/3 2434/1 2434/2
2439/2 2440/8 2440/15 2538/9
2538/10 2547/4 2547/6 2548/4
increased [7] 2394/2 2394/5
2394/6 2396/9 2411/5 2411/8
2547/7
increasing [1] 2409/14
independent [17] 2309/18
2309/24 2310/1 2310/5
2315/11 2443/17 2443/19
2443/23 2443/25 2444/3
2444/5 2445/11 2445/13
2445/23 2446/7 2446/10
2550/4
INDEX [1] 2295/1
indicate [4] 2467/14 2510/3
2510/8 2562/21
Indicating [4] 2346/20
2455/21 2485/19 2494/1
indication [1] 2482/8
indicative [1] 2555/6
Indies [1] 2547/25
individual [3] 2296/6 2508/6
2508/7
individuals [3] 2309/1 2473/5
2500/18
inference [1] 2551/24
inflows [2] 2424/20 2424/21
influence [1] 2525/23
information [102] 2301/13
2310/19 2311/19 2315/12
2315/16 2315/17 2316/6
2316/20 2317/3 2317/16
2317/17 2317/20 2319/14
2319/16 2325/17 2336/10
2336/14 2336/15 2336/19
2339/16 2340/15 2341/12
2342/18 2342/19 2382/4
2402/3 2405/18 2417/5
2450/23 2453/7 2458/9 2462/8
2462/22 2464/3 2467/6

2471/10 2471/11 2471/12
2472/17 2472/18 2473/25
2474/3 2474/7 2474/12
2474/14 2474/23 2475/10
2475/13 2478/16 2478/19
2478/20 2478/22 2493/22
2494/3 2494/5 2494/6 2494/9
2494/13 2494/25 2495/4
2495/6 2495/22 2496/2 2496/4
2496/16 2496/18 2496/22
2497/1 2497/10 2497/11
2497/14 2497/22 2498/1
2498/2 2498/5 2498/8 2498/14
2498/15 2498/16 2501/24
2503/11 2505/12 2516/11
2529/22 2537/20 2539/7
2544/4 2544/6 2546/22 2549/8
2550/6 2551/16 2552/17
2562/9 2562/22 2562/22
2563/3 2564/22 2566/14
2566/15 2569/4 2569/12
informed [12] 2317/1 2342/5
2409/9 2409/10 2474/13
2474/13 2478/24 2495/1
2535/11 2537/12 2537/18
2538/1
infrastructure [1] 2547/2
infuse [1] 2570/11
infusion [17] 2354/23 2357/23
2427/5 2427/8 2427/10 2434/5
2434/6 2434/9 2439/4 2537/13
2537/22 2538/14 2538/21
2538/24 2538/25 2543/25
2568/20
infusions [2] 2428/6 2428/10
inherently [1] 2495/21
initial [3] 2373/3 2441/3
2471/2
initially [8] 2296/9 2302/10
2302/11 2302/24 2354/2
2354/3 2445/16 2495/23
initials [1] 2399/8
injected [1] 2524/22
injection [1] 2329/10
inner [2] 2474/11 2504/12
input [1] 2415/5
inquire [1] 2404/20
inquired [1] 2552/19
inquiry [2] 2405/7 2405/10
inside [2] 2455/17 2473/2
instance [2] 2484/15 2514/25
instead [4] 2407/24 2440/8
2448/1 2509/14
institution [2] 2428/2
2501/14
instructed [4] 2339/7 2453/25
2454/2 2454/20
instruction [1] 2548/23
instructions [11] 2341/3
2342/24 2357/25 2416/16
2454/10 2454/12 2454/24
2455/6 2455/11 2459/18
2497/6
instrument [1] 2540/21
insurance [6] 2403/23 2403/25
2404/3 2404/3 2404/11 2405/4
insured [1] 2404/7
integral [1] 2309/18
integrity [2] 2310/20 2550/5
intelligence [2] 2479/16
2479/19
intended [2] 2478/7 2478/8

intention [1] 2478/11
interaction [4] 2399/12
2490/2 2492/2 2492/4
intercompany [7] 2396/8
2510/10 2510/24 2511/1
2511/20 2511/25 2513/1
interest [13] 2379/18 2379/19
2379/22 2380/24 2384/21
2463/24 2522/12 2522/18
2540/18 2542/17 2542/18
2544/7 2548/18
interested [4] 2302/24
2302/25 2304/7 2304/8
interests [1] 2500/20
intermediary [1] 2336/2
internal [40] 2302/12 2304/7
2307/13 2307/16 2307/18
2307/23 2307/24 2309/10
2309/15 2309/19 2309/20
2310/4 2310/10 2310/14
2311/15 2311/17 2313/5
2314/5 2314/9 2314/22
2314/23 2315/6 2315/10
2315/15 2317/8 2384/12
2449/15 2449/22 2449/23
2450/18 2450/21 2473/7
2473/9 2478/15 2479/1
2479/16 2479/18 2501/5
2510/9 2549/5
International [33] 2306/20
2307/6 2318/24 2321/6
2326/25 2329/20 2330/1
2333/5 2342/7 2348/8 2354/11
2355/21 2360/12 2361/24
2369/25 2370/2 2379/9
2392/24 2395/14 2395/16
2407/4 2426/22 2428/1
2432/22 2434/19 2437/16
2441/8 2453/13 2464/12
2464/19 2518/1 2550/8
2550/10
Internet [3] 2443/10 2443/11
2521/22
interpret [1] 2561/25
interpretation [1] 2566/6
interpreted [2] 2376/25
2478/17
interrupt [1] 2472/14
interview [18] 2303/8 2303/8
2303/10 2303/20 2304/10
2304/14 2461/2 2461/23
2465/18 2473/9 2473/10
2473/13 2482/18 2499/14
2500/1 2501/3 2516/14
2557/23
interviewed [7] 2303/11
2304/5 2304/12 2305/5
2465/19 2479/2 2499/6
interviews [4] 2451/21
2478/13 2479/3 2543/11
intimidated [1] 2479/17
into [70] 2300/5 2307/8
2312/5 2317/21 2318/17
2319/1 2319/7 2319/8 2319/17
2323/3 2325/1 2342/10
2347/13 2347/20 2352/24
2354/20 2355/9 2355/12
2355/14 2355/14 2355/24
2357/11 2360/3 2360/5 2381/5
2385/15 2386/2 2400/11
2400/20 2402/17 2426/21
2596
I
into... [39] 2428/6 2428/10
2428/13 2428/18 2434/10
2438/7 2439/4 2439/5 2439/19
2441/2 2441/22 2453/10
2459/6 2460/6 2460/10
2474/22 2475/5 2475/16
2476/3 2485/17 2489/6
2497/14 2498/6 2519/9
2524/22 2525/5 2528/22
2533/8 2534/10 2536/14
2538/14 2544/2 2555/22
2556/7 2556/9 2559/24 2560/6
2564/12 2565/10
introduce [1] 2301/6
inventory [2] 2305/10 2306/6
invest [10] 2323/17 2389/11
2389/14 2417/6 2442/22
2516/7 2532/7 2532/12 2541/6
2541/19
invested [11] 2312/6 2332/4
2384/4 2384/15 2388/7
2388/25 2389/24 2519/14
2532/22 2532/25 2533/15
investigation [2] 2342/6
2342/10
investigative [3] 2512/7
2512/10 2512/13
investigator [12] 2473/7
2479/16 2500/2 2500/5 2500/8
2500/9 2501/5 2509/9 2510/9
2514/12 2545/10 2549/3
investigators [2] 2479/1
2479/1
investing [2] 2312/1 2464/1
investment [32] 2310/25
2313/1 2313/7 2313/12
2314/11 2314/21 2315/4
2315/18 2316/15 2324/7
2349/14 2357/10 2385/14
2387/1 2387/8 2387/25 2390/2
2390/20 2391/13 2391/14
2432/1 2432/5 2438/7 2438/22
2445/5 2522/21 2525/19
2528/14 2531/19 2533/4
2533/12 2544/11
investments [29] 2310/25
2311/25 2313/14 2313/15
2313/22 2314/2 2315/21
2387/2 2388/17 2440/19
2440/22 2441/1 2441/3
2442/14 2442/15 2442/15
2442/16 2442/17 2442/24
2443/2 2443/15 2443/18
2446/8 2446/24 2516/3
2525/19 2532/20 2533/7
2533/25
investors [2] 2332/20 2417/4
invests [3] 2528/11 2541/24
2542/3
invisible [3] 2561/5 2561/7
2561/12
invite [1] 2303/8
invoices [1] 2350/13
involve [4] 2321/16 2425/15
2437/5 2437/7
involved [14] 2330/13 2342/20
2356/2 2392/17 2392/20
2398/3 2398/18 2430/19
2431/1 2436/9 2437/8 2438/2
2445/7 2491/16
involvement [5] 2317/11

2317/13 2435/18 2535/20
2535/21
involving [4] 2428/21 2437/22
2468/22 2486/12
irrelevant [1] 2451/5
IRS [10] 2377/21 2482/18
2499/6 2499/8 2500/1 2509/13
2512/15 2514/12 2515/10
2557/24
is [494]
is no [4] 2312/6 2323/5
2462/18 2473/19
island [14] 2328/4 2365/17
2431/8 2492/12 2536/18
2539/20 2545/1 2545/2 2545/7
2545/22 2546/16 2546/20
2547/24 2548/19
islands [13] 2360/4 2373/24
2412/3 2430/17 2430/19
2430/22 2431/1 2431/5 2431/9
2441/19 2449/17 2451/1
2545/17
isn't [23] 2504/25 2505/16
2512/21 2513/8 2518/1
2518/25 2519/24 2522/2
2522/19 2522/21 2525/7
2537/13 2539/3 2540/18
2544/3 2551/24 2556/4
2556/11 2557/3 2557/21
2558/23 2559/12 2570/8
issue [6] 2344/9 2400/7
2427/25 2428/1 2447/21
2567/3
issued [1] 2306/11
issues [3] 2423/7 2491/6
2537/6
it [834]
it's [115] 2297/14 2297/25
2298/25 2299/2 2299/18
2299/20 2301/23 2308/18
2310/20 2313/25 2314/2
2322/24 2323/4 2323/4 2323/5
2324/11 2324/11 2326/6
2326/8 2327/4 2332/16
2332/23 2334/23 2345/4
2347/20 2348/16 2349/11
2349/14 2351/1 2353/13
2354/8 2362/11 2362/25
2366/14 2366/23 2370/3
2376/10 2379/9 2382/23
2383/25 2385/11 2388/7
2388/9 2389/23 2401/17
2407/15 2407/16 2408/25
2409/2 2409/5 2411/19
2412/16 2413/16 2414/22
2416/10 2416/18 2416/25
2418/7 2421/9 2442/5 2443/1
2443/1 2444/4 2447/23 2448/2
2448/17 2448/25 2454/11
2454/14 2454/17 2456/22
2457/5 2457/16 2457/17
2459/5 2465/17 2465/17
2481/14 2484/14 2485/2
2486/5 2487/15 2488/19
2496/13 2504/1 2504/1
2505/24 2506/1 2506/1 2506/2
2506/3 2512/5 2512/15
2514/23 2521/17 2521/18
2522/2 2525/23 2532/10
2532/17 2532/17 2535/23
2541/1 2542/16 2548/5 2548/7
2549/7 2549/10 2560/11

2560/18 2561/19 2562/10
2566/6 2567/6 2568/10
item [4] 2419/9 2465/25
2470/2 2470/19
items [2] 2459/20 2459/22
its [9] 2321/6 2321/14
2354/8 2361/15 2365/20
2388/16 2388/17 2390/20
2440/16
itself [7] 2299/22 2327/9
2335/11 2448/3 2475/12
2562/3 2562/3
J
James [3] 2309/3 2345/25
2399/3
January [5] 2307/8 2308/8
2394/25 2429/7 2543/15
jeopardize [2] 2339/18 2352/7
jeopardizing [1] 2339/22
jet [2] 2358/21 2424/13
jets [14] 2358/13 2358/15
2358/24 2359/6 2359/15
2389/7 2424/2 2424/7 2424/11
2424/13 2564/18 2565/11
2566/21 2567/15
jets' [1] 2358/23
Jim [11] 2357/13 2364/3
2399/7 2399/22 2490/21
2491/25 2492/1 2494/9
2509/10 2535/7 2551/1
Jimmy [2] 2296/9 2296/12
JMD [1] 2399/6
job [17] 2304/9 2305/18
2305/25 2307/8 2307/8
2339/18 2339/22 2351/18
2352/8 2387/21 2451/13
2451/17 2457/2 2463/4
2506/16 2506/17 2513/1
jobs [1] 2452/2
John [1] 2294/3
join [1] 2486/16
Juan [5] 2360/3 2398/3 2398/5
2398/6 2398/20
judge [22] 2293/8 2296/4
2296/6 2297/1 2298/9 2299/5
2299/5 2299/9 2299/24
2299/25 2300/7 2300/8
2329/19 2334/22 2366/8
2369/10 2401/4 2406/8
2457/10 2457/16 2484/17
2488/14
judges [3] 2298/9 2298/11
2541/11
judicial [3] 2298/20 2299/10
2299/10
jump [2] 2483/4 2549/4
Jumping [1] 2557/16
June [1] 2409/16
juror [2] 2406/6 2406/7
jury [45] 2293/7 2296/2
2298/3 2298/5 2299/21 2301/6
2301/11 2345/6 2345/16
2362/14 2362/15 2389/9
2394/25 2406/6 2406/11
2415/2 2452/8 2456/7 2456/13
2475/8 2478/1 2478/4 2478/17
2482/21 2482/23 2483/6
2485/6 2485/7 2485/24
2488/17 2488/22 2488/24
2503/9 2503/13 2504/11
2597
J
jury... [10] 2511/6 2518/6
2520/1 2520/4 2522/15 2528/6
2529/18 2544/20 2544/22
2556/1
just [119] 2296/8 2296/16
2297/15 2299/14 2302/1
2310/7 2311/23 2312/10
2312/17 2312/22 2320/1
2323/1 2323/16 2324/9 2328/1
2331/24 2332/23 2333/2
2333/11 2334/25 2351/3
2357/6 2357/10 2359/8 2361/2
2362/9 2363/19 2363/20
2369/6 2369/12 2370/9
2370/13 2370/19 2371/5
2371/12 2374/3 2375/1
2375/25 2377/5 2379/24
2380/21 2381/5 2383/24
2385/4 2385/22 2386/5
2389/23 2397/5 2397/10
2402/1 2403/21 2405/22
2407/16 2410/10 2411/10
2414/23 2415/15 2415/23
2416/2 2418/6 2428/15 2430/8
2435/21 2436/8 2436/9
2436/14 2436/24 2439/21
2441/18 2442/21 2443/8
2443/10 2448/4 2448/13
2448/25 2449/23 2453/9
2454/11 2456/11 2456/20
2463/5 2464/1 2466/4 2468/2
2470/9 2473/16 2475/24
2482/12 2484/9 2485/8
2489/11 2489/17 2494/2
2499/3 2504/23 2508/1
2508/19 2508/24 2508/24
2509/1 2509/8 2513/23
2514/19 2520/13 2521/11
2522/15 2529/2 2531/11
2540/2 2542/15 2547/15
2547/17 2551/12 2552/14
2555/19 2557/11 2559/12
2559/14 2566/17
justice [2] 2293/15 2406/10
K
Kalford [2] 2479/18 2500/10
Karen [1] 2419/17
keep [36] 2324/21 2324/23
2325/20 2331/18 2347/12
2347/19 2351/23 2361/15
2378/1 2417/8 2424/10
2424/16 2434/22 2448/4
2459/17 2470/4 2484/23
2501/14 2506/16 2506/17
2513/2 2517/2 2517/10 2518/8
2518/9 2518/10 2529/10
2529/22 2529/25 2530/7
2530/8 2530/9 2530/12 2535/4
2538/19 2563/21
keeping [5] 2382/14 2491/8
2494/11 2516/3 2556/18
Kenneth [1] 2294/6
kept [19] 2351/25 2378/1
2378/3 2410/23 2417/20
2439/9 2455/17 2494/6 2501/5
2501/7 2502/10 2502/13
2515/24 2518/6 2518/8 2529/7
2529/12 2529/14 2533/6
kids [3] 2452/6 2452/9
2452/12
kind [10] 2301/22 2442/15
2472/14 2481/14 2516/6
2521/24 2534/22 2565/22
2565/23 2567/18
knew [42] 2320/6 2320/7
2333/15 2388/24 2389/10
2389/19 2390/18 2391/4
2392/6 2394/2 2395/8 2396/16
2396/25 2402/19 2410/22
2411/10 2414/16 2427/9
2464/3 2467/14 2469/24
2473/6 2474/25 2475/3
2482/22 2483/1 2504/9
2505/13 2505/18 2506/3
2506/8 2510/8 2510/11
2510/12 2513/6 2522/14
2532/25 2540/13 2543/5
2551/19 2552/17 2555/21
Knoche [1] 2362/1
knocked [1] 2465/21
know [184] 2296/23 2297/3
2297/6 2298/9 2299/9 2299/9
2300/2 2300/2 2316/21
2323/15 2324/19 2327/3
2334/1 2337/24 2339/15
2339/25 2342/8 2342/12
2343/24 2346/12 2346/18
2360/2 2362/1 2362/3 2363/17
2368/25 2369/3 2370/8
2370/13 2372/6 2373/17
2373/25 2378/15 2378/20
2383/21 2387/6 2387/18
2388/2 2388/18 2393/7
2393/13 2397/3 2397/23
2399/3 2400/8 2402/4 2405/22
2408/10 2413/7 2413/22
2414/3 2414/9 2422/9 2424/4
2424/11 2430/4 2430/21
2431/3 2432/1 2435/11
2435/23 2435/24 2436/4
2436/23 2438/24 2439/25
2439/25 2440/2 2456/4 2456/4
2456/16 2457/8 2457/13
2461/18 2468/21 2469/17
2473/5 2473/17 2474/11
2474/12 2474/22 2476/6
2476/15 2476/15 2478/11
2478/19 2478/22 2480/11
2481/11 2484/12 2484/14
2486/4 2486/5 2487/12
2489/14 2495/13 2495/16
2497/6 2500/21 2501/24
2501/24 2505/6 2505/24
2508/15 2510/22 2511/13
2513/23 2513/24 2514/1
2514/3 2514/3 2516/9 2516/10
2516/12 2521/4 2521/4
2522/11 2522/13 2526/18
2526/19 2533/13 2533/14
2533/19 2534/1 2535/13
2535/13 2536/19 2537/10
2537/19 2538/1 2538/16
2539/1 2539/3 2539/4 2539/7
2541/10 2541/11 2542/13
2543/7 2543/8 2543/9 2544/4
2544/9 2545/3 2545/4 2545/20
2546/1 2546/3 2548/6 2550/15
2550/25 2551/16 2551/18
2552/24 2553/4 2553/25
2555/8 2555/9 2555/13
2555/14 2555/18 2556/13
2556/15 2556/17 2558/20

2559/3 2559/4 2560/4 2560/4
2562/19 2562/25 2566/12
2566/17 2566/19 2566/25
2567/1 2567/4 2567/7 2567/10
2567/11 2569/7 2569/11
2569/11 2570/19
knowing [8] 2321/24 2389/23
2391/25 2463/5 2478/19
2478/20 2505/20 2505/21
knowledge [15] 2364/7 2371/23
2382/18 2384/1 2413/14
2413/17 2505/4 2505/5
2512/20 2547/6 2556/2 2556/3
2562/8 2562/11 2567/7
knowledgeable [3] 2508/10
2508/14 2562/23
known [9] 2300/9 2332/14
2333/6 2457/5 2465/11
2502/16 2502/22 2502/24
2503/15
Kuhrt [48] 2304/12 2304/17
2304/25 2305/2 2305/4 2317/6
2325/12 2337/1 2337/25
2338/23 2341/20 2345/25
2356/13 2391/9 2391/16
2392/2 2397/19 2398/2
2398/15 2398/25 2399/23
2400/6 2429/20 2429/21
2431/20 2463/11 2490/11
2490/12 2490/12 2494/21
2494/23 2495/1 2495/11
2504/12 2509/13 2514/9
2514/15 2514/16 2515/15
2515/18 2535/1 2535/14
2536/5 2537/17 2563/9 2569/5
2570/14 2570/21
Kuhrt's [5] 2304/13 2304/22
2400/1 2509/10 2569/10
Kye [1] 2348/24
L
ladies [4] 2332/22 2414/22
2485/2 2571/4
Lake [1] 2407/15
laminated [1] 2406/12
land [15] 2431/18 2431/23
2433/7 2442/1 2442/2 2547/1
2547/2 2547/5 2547/8 2547/9
2547/10 2547/13 2547/14
2547/21 2559/1
lands [1] 2441/23
language [2] 2433/20 2433/22
laptop [9] 2344/8 2455/16
2455/16 2455/17 2458/5
2458/5 2458/15 2458/21
2458/23
Laredo [1] 2298/12
large [6] 2367/11 2381/22
2411/19 2435/2 2442/20
2562/6
larger [3] 2327/4 2333/17
2333/17
last [20] 2296/17 2299/12
2301/7 2301/20 2310/13
2317/24 2343/3 2345/22
2349/24 2385/4 2409/10
2412/14 2427/23 2428/9
2465/13 2465/14 2475/1
2483/20 2489/13 2518/3
late [3] 2451/12 2527/17
2528/15
2598
2555/19
L
let's [54] 2298/3 2311/2
later [15] 2319/21 2322/13
2311/8 2311/23 2320/23
2330/22 2390/22 2410/13
2328/22 2329/4 2347/12
2436/17 2461/7 2462/2
2347/19 2353/1 2353/25
2499/13 2510/20 2526/15
2358/8 2359/14 2363/8
2544/13 2544/14 2544/14
2363/16 2368/18 2370/8
2567/3
2370/8 2370/19 2380/19
Latin [1] 2370/20
2385/11 2385/20 2386/22
Laura [1] 2296/13
2399/5 2400/9 2400/24 2401/3
Lausanne [4] 2407/8 2407/9
2401/18 2411/14 2420/24
2407/10 2407/19
2450/6 2450/6 2456/21
law [4] 2294/3 2294/6 2299/7
2457/23 2458/6 2460/16
2510/15
2476/8 2476/12 2483/4 2485/6
lawyer [20] 2342/10 2460/18
2504/20 2506/6 2506/11
2468/13 2468/16 2471/20
2530/14 2531/14 2534/5
2472/1 2475/25 2480/1 2480/6 2540/6 2542/15 2544/23
2480/9 2480/13 2481/5
2548/25 2549/20 2560/15
2484/15 2492/23 2493/2
2565/13 2568/15
2493/9 2493/17 2500/24
letter [10] 2297/12 2392/15
2506/4 2506/5
2433/1 2461/12 2487/13
lawyers [5] 2296/22 2468/8
2509/11 2509/15 2516/16
2468/11 2468/13 2541/10
2516/19 2517/8
lay [2] 2371/24 2427/3
letters [1] 2398/21
leading [5] 2337/17 2340/22
level [6] 2317/13 2317/14
2357/7 2372/11 2452/24
2439/16 2442/24 2478/25
leaning [1] 2332/23
2481/15
learn [8] 2314/9 2314/20
liabilities [9] 2311/6 2311/8
2324/3 2428/20 2464/22
2311/9 2311/10 2312/8
2538/4 2544/5 2557/17
2312/11 2312/12 2439/8
learned [7] 2319/21 2367/11
2520/2
2512/25 2513/6 2536/13
liability [1] 2311/20
2543/10 2543/12
license [1] 2360/3
learning [1] 2478/21
lie [7] 2416/22 2416/25
least [4] 2307/17 2322/21
2481/11 2481/12 2487/24
2332/24 2350/8
2488/1 2488/3
leave [12] 2355/11 2415/6
lied [1] 2487/23
2415/8 2451/3 2451/13
light [2] 2370/7 2436/3
2452/15 2454/2 2455/12
lighting [1] 2299/23
2455/13 2457/3 2541/15
like [75] 2296/11 2317/22
2552/20
2327/4 2334/9 2334/10
leaving [2] 2462/25 2503/13
2334/12 2334/21 2341/20
led [2] 2456/8 2458/3
2344/10 2344/11 2348/14
leeway [1] 2436/16
2349/7 2349/15 2353/6 2354/1
left [20] 2300/3 2302/6
2354/12 2355/23 2359/12
2316/25 2317/2 2317/3
2361/3 2361/9 2361/20 2369/6
2326/20 2352/21 2352/22
2393/8 2393/17 2408/15
2395/5 2425/25 2430/17
2408/22 2414/5 2441/19
2451/7 2470/19 2477/10
2443/5 2454/1 2454/10 2456/9
2477/11 2480/5 2485/14
2458/7 2458/11 2458/12
2518/11 2537/13 2538/2
2463/10 2466/25 2479/17
left-hand [5] 2326/20 2352/21 2481/16 2491/5 2495/17
2352/22 2395/5 2430/17
2495/22 2496/8 2498/25
legal [2] 2316/9 2493/18
2504/12 2508/19 2508/24
legally [1] 2440/22
2512/16 2516/3 2518/4 2519/5
legitimate [3] 2413/7 2413/22 2522/1 2522/7 2526/6 2526/14
2414/9
2527/18 2529/2 2530/7
lend [1] 2532/4
2530/25 2532/6 2532/13
lending [3] 2321/8 2322/25
2532/22 2542/2 2548/6 2554/2
2508/5
2557/3 2561/13 2561/14
length [8] 2444/6 2444/8
2561/15 2563/20 2563/22
2444/15 2444/23 2444/24
2567/5 2567/5 2567/15 2568/2
2445/3 2445/6 2473/7
limine [2] 2539/23 2539/25
less [5] 2388/14 2388/14
limited [15] 2360/18 2365/4
2408/5 2525/14 2565/17
2395/15 2395/16 2403/25
let [22] 2334/20 2345/15
2404/15 2405/17 2407/5
2362/9 2368/25 2376/2
2411/23 2414/1 2418/2 2441/8
2393/10 2397/23 2405/22
2455/3 2473/4 2518/1
2445/2 2445/2 2447/8 2459/6 line [18] 2332/12 2419/9
2472/14 2474/22 2475/24
2419/10 2483/16 2491/3
2476/6 2476/15 2476/15
2508/2 2508/23 2514/20
2503/4 2520/17 2530/10
2514/22 2514/24 2515/2
2515/6 2515/12 2515/13

2515/14 2515/17 2516/17
2521/18
liquid [8] 2386/2 2386/12
2386/14 2386/15 2560/6
2560/7 2560/8 2560/12
liquidate [3] 2433/15 2433/17
2570/12
liquidated [2] 2385/16 2386/5
liquidity [2] 2385/8 2443/2
list [14] 2352/21 2352/23
2363/16 2365/4 2380/21
2381/8 2404/6 2421/24
2430/17 2438/5 2438/6
2438/22 2504/24 2516/2
listed [23] 2314/1 2360/17
2364/1 2364/13 2365/1
2369/24 2403/24 2403/25
2404/1 2404/4 2404/13
2431/19 2431/23 2432/14
2505/3 2519/23 2523/6
2523/22 2523/23 2524/11
2532/16 2532/17 2532/21
listen [2] 2500/1 2568/14
listing [1] 2505/19
lists [5] 2311/6 2335/1
2407/24 2420/11 2432/21
little [31] 2312/17 2333/2
2345/14 2345/17 2363/19
2363/20 2385/11 2402/19
2411/12 2415/7 2420/15
2429/13 2432/10 2436/15
2447/24 2452/1 2457/12
2457/22 2459/6 2476/8 2490/4
2499/23 2503/11 2504/12
2504/23 2506/6 2546/20
2549/4 2549/7 2568/15 2571/7
live [3] 2541/7 2541/10
2541/11
lived [1] 2567/18
living [4] 2301/9 2390/11
2422/11 2559/13
LLC [1] 2365/15
loan [28] 2321/11 2321/13
2321/25 2321/25 2322/9
2322/22 2323/6 2323/7
2323/13 2323/14 2323/16
2379/12 2379/13 2433/15
2433/17 2435/2 2435/15
2437/2 2437/22 2508/16
2509/12 2557/18 2558/6
2558/14 2559/17 2570/1
2570/12 2570/23
loaned [7] 2322/15 2501/18
2523/12 2523/14 2527/3
2557/19 2558/2
loaning [8] 2322/3 2322/7
2506/24 2507/6 2507/13
2511/7 2511/14 2511/16
loans [33] 2321/4 2321/7
2321/9 2321/15 2321/15
2322/6 2322/18 2322/23
2323/1 2323/2 2323/8 2323/15
2323/15 2377/14 2382/7
2382/16 2382/17 2448/23
2474/3 2474/23 2475/3 2475/8
2502/11 2505/4 2505/5 2507/4
2507/20 2509/15 2519/22
2523/6 2523/11 2558/13
2563/21
local [1] 2363/18
locate [1] 2470/2
2599
2504/13 2504/15 2505/22

L
2511/3 2524/22 2524/22
located [4] 2398/8 2398/9
2528/19 2529/1 2533/5 2542/2
2465/24 2470/4
2542/23 2570/10
locations [1] 2365/22
lots [3] 2510/23 2511/1
locked [2] 2470/6 2470/7
2511/20
long [9] 2308/2 2465/11
loud [1] 2503/25
2465/16 2469/12 2470/15
love [1] 2484/24
2477/7 2477/19 2535/23
low [2] 2392/4 2396/19
2544/13
lower [2] 2441/15 2525/18
longer [2] 2298/18 2357/5
Luis [1] 2449/14
look [34] 2309/4 2319/25
lunch [2] 2414/21 2417/14
2351/3 2351/6 2356/15 2358/8 luxurious [1] 2545/14
2359/14 2360/1 2363/16
M
2365/15 2369/22 2370/8
machineries [1] 2306/6
2370/19 2383/5 2385/20
machinery [2] 2305/11 2312/21
2397/22 2397/25 2402/12
made [41] 2322/16 2332/4
2410/16 2411/14 2416/2
2419/12 2427/23 2430/15
2343/13 2372/3 2375/14
2447/25 2463/2 2463/4
2375/17 2375/23 2376/19
2387/2 2387/4 2395/3 2402/13
2478/21 2482/1 2499/5
2500/10 2526/2 2532/3 2532/4 2402/22 2405/7 2413/9
looked [7] 2300/10 2382/9
2414/10 2417/19 2423/22
2415/7 2499/11 2518/3
2433/1 2462/10 2463/14
2472/21 2476/10 2480/9
2532/13 2561/9
looking [24] 2302/11 2360/16
2480/10 2500/1 2502/11
2514/4 2522/24 2525/19
2363/9 2369/12 2371/6
2533/4 2533/20 2536/6
2371/12 2374/23 2394/1
2536/10 2544/25 2545/7
2410/15 2415/23 2417/5
2557/23 2560/16 2564/6
2430/13 2433/21 2442/22
2447/25 2451/12 2451/24
2566/4 2569/9
magazine [2] 2366/13 2366/14
2452/15 2460/7 2463/7
Maiden [1] 2546/16
2478/19 2500/19 2528/24
Maiden Island [1] 2546/16
2559/2
looks [2] 2327/4 2334/21
mail [62] 2338/24 2339/5
loop [2] 2476/3 2539/2
2344/21 2344/24 2345/9
Lopez [54] 2303/21 2304/4
2345/11 2345/13 2345/22
2304/11 2304/17 2304/25
2348/13 2348/19 2349/2
2305/2 2325/12 2337/1
2349/21 2349/24 2350/3
2337/25 2338/23 2339/9
2350/9 2350/11 2356/8
2339/12 2339/13 2339/19
2356/13 2356/18 2357/14
2341/20 2343/9 2345/25
2357/16 2357/18 2358/4
2356/18 2356/22 2357/18
2394/12 2394/24 2395/23
2378/3 2378/12 2378/16
2396/2 2397/9 2397/11
2394/17 2394/17 2398/15
2397/19 2397/25 2398/12
2398/17 2428/24 2429/4
2398/14 2398/23 2405/4
2429/20 2429/25 2430/2
2409/1 2409/24 2418/13
2430/12 2431/20 2431/20
2418/24 2425/8 2425/9
2435/21 2463/10 2490/17
2426/15 2426/23 2427/7
2493/24 2494/22 2494/23
2427/17 2428/24 2429/4
2494/24 2495/11 2504/12
2429/18 2429/19 2429/24
2514/8 2514/15 2514/16
2434/25 2438/21 2453/20
2515/15 2515/18 2535/1
2538/23 2569/4 2569/12
2535/14 2536/5 2563/9 2569/5 2569/12 2569/14 2570/2
Lopez' [4] 2303/22 2304/20
2570/13 2570/16 2570/20
mailed [1] 2339/8
2509/10 2509/13
lose [3] 2524/19 2524/23
mails [3] 2339/2 2344/17
2542/7
2554/14
losing [5] 2329/8 2346/22
mainly [1] 2399/12
maintain [1] 2364/23
2373/1 2526/7 2534/13
maintained [2] 2321/10
loss [5] 2321/13 2390/23
2378/13
2524/14 2524/15 2534/17
maintaining [1] 2378/16
lost [4] 2346/6 2528/20
maintains [1] 2309/10
2533/20 2534/16
lot [38] 2300/3 2306/1 2325/3 major [1] 2314/1
2329/8 2335/7 2335/10 2346/6 majored [1] 2301/12
majority [4] 2311/10 2312/16
2360/21 2389/10 2420/24
2312/24 2313/1
2423/12 2441/19 2453/7
make [51] 2310/11 2312/4
2472/16 2474/1 2476/13
2317/20 2320/12 2373/5
2483/6 2492/3 2494/3 2494/5
2373/10 2373/14 2377/24
2497/19 2497/22 2499/3
2377/24 2379/22 2386/9
2500/14 2500/17 2500/18
2386/11 2389/10 2389/18

2389/22 2405/19 2417/6
2435/14 2436/16 2445/20
2463/6 2465/9 2472/3 2476/11
2476/22 2481/14 2485/24
2488/10 2488/12 2488/14
2493/17 2499/14 2499/19
2499/22 2500/2 2520/7
2521/15 2523/1 2523/3
2526/22 2528/13 2532/21
2533/25 2541/2 2547/20
2548/25 2561/12 2563/3
2566/16 2567/4 2569/25
makes [7] 2309/16 2319/4
2487/9 2487/12 2507/21
2541/6 2541/20
making [20] 2310/17 2317/21
2329/7 2329/7 2373/1 2391/14
2391/15 2434/10 2462/25
2520/5 2523/10 2523/18
2525/19 2525/23 2527/20
2529/1 2529/19 2548/19
2559/21 2567/5
Maldonado [11] 2336/18 2345/4
2345/6 2345/12 2347/25
2348/19 2349/1 2349/9
2556/21 2557/9 2557/10
man [2] 2300/9 2563/24
manage [2] 2318/14 2521/4
management [9] 2306/14
2308/18 2309/2 2309/8 2330/4
2330/12 2331/17 2536/7
2536/7
management's [2] 2309/13
2310/9
manager [10] 2302/9 2302/10
2302/12 2303/11 2303/19
2304/15 2345/7 2398/7 2404/5
2557/10
managers [3] 2388/25 2529/23
2530/9
manner [2] 2446/14 2554/10
many [11] 2307/15 2364/19
2378/15 2424/3 2437/21
2550/15 2550/24 2550/25
2552/7 2553/21 2564/3
March [5] 2345/3 2345/11
2346/1 2346/4 2348/19
March 10th [1] 2345/3
March 4th [1] 2346/1
marina [3] 2545/20 2546/6
2546/7
marinas [1] 2547/3
Marine [1] 2457/2
Mark [29] 2304/12 2317/6
2325/12 2337/1 2337/23
2339/12 2345/25 2391/9
2397/19 2397/22 2398/20
2429/20 2474/15 2490/11
2490/12 2490/12 2495/1
2495/1 2497/5 2498/7 2498/19
2509/10 2513/21 2514/9
2514/15 2535/1 2537/17
2563/8 2569/4
marked [3] 2342/13 2405/23
2446/25
marked-up [1] 2446/25
market [45] 2318/20 2318/20
2367/4 2431/19 2431/22
2431/23 2433/6 2438/12
2441/7 2441/14 2441/15
2441/20 2441/21 2441/22
2600
M
market... [31] 2441/23 2442/9
2442/11 2443/4 2443/6
2443/14 2443/18 2443/25
2445/10 2445/14 2446/8
2446/21 2492/7 2492/12
2492/13 2525/7 2525/11
2525/13 2525/17 2525/24
2526/9 2526/21 2530/3 2547/7
2547/8 2547/19 2547/22
2548/2 2548/7 2548/8 2553/3
marketable [3] 2507/24 2508/3
2508/6
marketing [3] 2317/19 2491/13
2530/3
markets [5] 2390/18 2445/16
2530/4 2530/12 2532/2
markup [1] 2446/21
maroon [1] 2360/10
Marshals [1] 2453/23
Mart [3] 2451/20 2451/22
2452/3
match [1] 2352/4
materialized [1] 2451/25
materials [3] 2417/1 2454/1
2454/10
matter [6] 2326/4 2332/23
2415/25 2454/14 2457/17
2519/21
matters [2] 2304/3 2454/6
max [1] 2568/9
may [39] 2300/22 2334/12
2349/4 2349/25 2350/1 2351/3
2368/23 2374/2 2396/5 2409/2
2413/21 2415/5 2415/7
2419/23 2436/16 2436/19
2436/23 2456/23 2461/6
2461/25 2465/19 2465/20
2476/4 2479/2 2479/2 2479/19
2480/25 2483/15 2484/3
2499/7 2500/11 2501/4
2503/15 2525/17 2541/13
2541/16 2545/11 2547/10
2559/16
May 19th [1] 2409/2
May 21st [1] 2419/23
May 5th [1] 2500/11
maybe [12] 2361/12 2457/11
2477/8 2478/9 2480/9 2492/10
2503/20 2532/18 2564/22
2564/23 2569/9 2569/9
McAllen [2] 2298/10 2298/12
McGuire [2] 2294/6 2294/6
me [70] 2317/6 2328/9
2343/12 2345/15 2350/10
2362/9 2376/2 2393/10
2397/23 2405/22 2414/5
2429/21 2430/5 2436/1 2445/2
2445/2 2447/8 2454/4 2454/5
2457/10 2458/7 2462/1 2462/3
2462/5 2467/19 2471/12
2471/13 2472/14 2475/24
2475/25 2476/3 2476/6
2476/15 2478/21 2481/22
2481/25 2484/6 2484/7 2494/3
2494/23 2495/1 2495/8 2499/3
2499/22 2499/23 2502/3
2502/4 2502/5 2502/9 2503/4
2503/4 2503/25 2506/12
2507/11 2511/13 2512/12
2515/10 2517/25 2520/17
2523/7 2524/1 2525/1 2525/1

2536/17 2537/17 2548/6
2553/1 2553/3 2553/8 2555/19
mean [69] 2302/20 2305/8
2310/18 2319/2 2320/10
2320/11 2320/15 2323/14
2327/11 2334/1 2334/3
2364/17 2376/23 2396/21
2399/5 2399/10 2399/10
2399/11 2403/2 2409/19
2427/2 2427/20 2430/22
2431/15 2431/15 2431/17
2436/11 2439/3 2440/25
2443/8 2443/19 2443/23
2444/3 2444/8 2468/7 2472/16
2472/16 2473/2 2473/6
2479/13 2488/10 2489/11
2490/4 2494/3 2495/13
2504/14 2505/11 2511/1
2523/25 2527/19 2529/17
2532/6 2533/6 2536/19 2541/4
2543/2 2552/8 2552/24
2554/13 2554/13 2555/2
2559/8 2559/9 2559/9 2561/17
2565/9 2568/11 2569/11
2570/20
meaning [3] 2410/25 2456/22
2524/19
means [9] 2318/13 2409/19
2427/4 2434/4 2434/15 2441/1
2444/9 2461/18 2559/9
meant [4] 2369/4 2427/21
2489/15 2566/6
meantime [2] 2415/5 2415/8
measure [2] 2529/21 2529/21
mechanical [1] 2293/23
mechanically [2] 2420/2
2420/4
medical [1] 2477/5
meet [4] 2296/19 2303/19
2453/21 2544/2
meeting [17] 2297/1 2297/5
2417/14 2460/10 2461/25
2467/1 2467/8 2469/12 2471/1
2471/3 2472/3 2476/25
2500/11 2500/14 2500/17
2501/1 2501/2
meetings [5] 2337/3 2337/8
2375/17 2492/4 2497/24
members [1] 2478/14
memo [1] 2554/14
memorializing [1] 2377/14
memory [15] 2458/25 2459/2
2459/16 2459/17 2471/7
2496/13 2503/20 2503/22
2504/2 2509/22 2509/25
2510/1 2513/18 2514/14
2516/17
mention [11] 2298/7 2306/8
2327/13 2391/3 2391/5
2516/10 2557/23 2563/3
2563/6 2564/6 2564/19
mentioned [13] 2317/6 2324/15
2355/22 2375/16 2382/8
2391/7 2391/11 2420/6 2446/5
2471/14 2537/19 2538/1
2564/5
mentioning [1] 2424/9
met [12] 2296/21 2296/24
2297/8 2303/19 2303/21
2304/10 2362/2 2466/24
2467/23 2476/1 2476/9 2481/5
metaphor [4] 2561/19 2561/20

2562/1 2562/20
method [5] 2511/24 2516/21
2525/4 2559/17 2559/19
methods [1] 2525/25
Mexican [1] 2301/23
Meylan [1] 2409/5
Michigan [3] 2298/22 2298/23
2298/23
Microphone [1] 2540/9
mid [1] 2451/12
middle [10] 2318/22 2330/16
2330/22 2330/24 2331/10
2333/20 2334/5 2350/20
2415/17 2451/2
might [16] 2339/13 2361/10
2431/15 2476/22 2478/17
2479/5 2480/21 2480/24
2503/23 2524/16 2524/21
2528/12 2530/5 2532/13
2539/2 2548/23
mike [3] 2296/15 2363/19
2493/10
military [2] 2456/17 2457/1
million [65] 2312/17 2312/22
2322/21 2348/3 2348/4 2349/5
2349/6 2349/10 2353/22
2353/23 2356/24 2359/4
2361/16 2361/22 2363/7
2363/13 2363/13 2364/11
2366/6 2367/4 2367/16 2368/6
2369/16 2369/18 2369/19
2370/23 2371/20 2372/4
2372/19 2374/10 2374/25
2379/8 2379/22 2380/6
2380/12 2380/22 2380/25
2381/6 2381/10 2387/4
2387/25 2389/13 2389/14
2422/4 2428/14 2431/9
2431/10 2431/13 2431/24
2432/17 2432/20 2432/24
2446/24 2448/17 2518/4
2518/7 2518/13 2533/7
2537/13 2538/8 2544/12
2566/20 2566/23 2570/3
2570/5
million-dollar [1] 2537/13
millions [2] 2403/9 2413/8
mind [2] 2399/20 2545/8
minute [10] 2362/11 2499/3
2503/6 2505/7 2506/11
2521/23 2540/2 2549/21
2555/19 2568/3
minutes [10] 2320/1 2430/14
2469/14 2470/18 2473/13
2477/8 2485/2 2485/3 2568/10
2568/12
mirror [1] 2365/21
miscalculation [1] 2388/8
mischaracterization [3]
2404/25 2467/24 2487/15
misleading [3] 2332/16 2382/4
2453/7
misstatement [1] 2388/9
misunderstood [1] 2466/20
model [1] 2315/18
moment [5] 2351/3 2362/10
2477/18 2496/7 2496/9
money [325]
monies [6] 2330/10 2333/3
2475/4 2556/4 2556/9 2556/16
monitors [1] 2309/16
2601
M
monopoly [1] 2492/13
Monster.com [1] 2451/18
month [27] 2307/8 2324/20
2329/8 2336/24 2338/25
2350/8 2351/12 2351/13
2351/21 2351/22 2386/5
2390/4 2390/23 2393/7
2393/15 2394/7 2394/8 2395/2
2396/10 2396/25 2400/21
2407/24 2412/25 2542/10
2542/16 2554/14 2554/16
monthly [14] 2324/19 2336/23
2339/6 2390/2 2391/1 2393/16
2393/17 2394/2 2394/19
2396/7 2397/4 2409/11
2409/17 2419/18
months [2] 2390/18 2542/11
more [59] 2320/7 2322/13
2325/4 2333/2 2344/12
2347/12 2347/19 2365/17
2369/19 2370/19 2371/16
2371/24 2376/19 2377/6
2398/14 2408/5 2408/6 2408/7
2408/13 2410/21 2410/22
2410/24 2423/2 2424/11
2426/12 2430/15 2436/15
2439/6 2439/13 2443/16
2447/24 2461/7 2471/10
2471/12 2471/13 2471/14
2476/25 2487/4 2501/24
2502/8 2502/9 2506/6 2508/15
2516/6 2517/15 2522/20
2525/14 2526/15 2541/20
2547/22 2550/20 2550/22
2558/4 2562/2 2562/3 2566/7
2566/8 2566/8 2566/17
morning [11] 2298/8 2300/11
2301/4 2301/5 2415/16 2420/6
2422/17 2474/8 2508/20
2571/5 2571/9
mortgages [1] 2323/15
most [18] 2316/5 2333/19
2384/19 2393/6 2449/6
2481/18 2487/8 2490/7 2491/7
2498/15 2520/8 2523/1 2523/2
2523/20 2526/7 2527/10
2534/2 2542/23
mostly [2] 2519/2 2565/1
motion [2] 2539/23 2539/25
move [7] 2340/11 2342/2
2342/17 2342/19 2345/14
2348/13 2457/12
moved [1] 2341/11
movement [2] 2438/19 2440/14
moving [1] 2486/14
Mr [8] 2376/10 2404/23
2423/14 2449/25 2500/11
2521/13 2542/24 2567/2
Mr. [430]
Mr. Amadio [60] 2296/11
2296/16 2296/21 2301/4
2301/9 2308/16 2318/12
2321/2 2333/3 2342/14
2344/22 2350/22 2352/15
2356/8 2362/20 2366/11
2367/24 2371/4 2374/14
2378/8 2394/16 2402/9
2406/14 2415/15 2418/13
2425/8 2438/21 2452/6 2458/1
2465/7 2472/3 2473/22 2475/7
2476/20 2478/23 2482/17

2485/14 2491/10 2495/2
2499/3 2504/16 2504/23
2507/11 2508/10 2509/7
2513/23 2520/12 2521/18
2523/5 2530/20 2540/8
2542/22 2546/25 2552/8
2556/4 2557/17 2560/8
2566/10 2567/4 2570/8
Mr. Ardoin [2] 2296/10
2296/17
Mr. CAS [1] 2409/11
Mr. Costa [21] 2318/7 2384/25
2433/20 2447/18 2483/19
2484/1 2486/10 2503/9
2504/16 2507/10 2507/23
2508/25 2510/20 2518/12
2525/11 2538/6 2544/10
2551/20 2554/21 2567/22
2568/19
Mr. Davis [71] 2310/3 2325/14
2325/15 2327/12 2329/22
2337/2 2337/3 2337/6 2337/22
2337/25 2338/1 2339/7
2339/12 2340/14 2342/6
2344/15 2346/9 2346/14
2346/21 2347/8 2347/10
2347/11 2354/21 2355/22
2356/2 2356/18 2356/22
2357/18 2372/1 2372/5 2372/9
2372/15 2373/4 2373/14
2375/10 2375/14 2375/17
2375/22 2376/5 2376/10
2376/15 2376/23 2377/4
2399/13 2405/10 2405/14
2409/2 2409/8 2409/24
2422/18 2423/2 2423/4 2423/7
2423/16 2423/22 2424/7
2424/10 2445/25 2463/11
2474/14 2492/2 2493/24
2494/16 2497/8 2498/19
2516/10 2560/17 2561/25
2562/25 2563/5 2563/6
Mr. Davis' [3] 2342/23
2372/22 2569/8
Mr. Fazel [3] 2296/18 2296/22
2296/25
Mr. Fazel for [1] 2296/19
Mr. Friedli [1] 2409/10
Mr. Fullerton [1] 2418/19
Mr. Garcia [5] 2449/16
2449/21 2450/15 2450/25
2451/3
Mr. Hewlett [30] 2310/14
2392/17 2392/21 2392/23
2393/13 2394/3 2394/18
2396/16 2396/20 2397/1
2399/14 2403/8 2408/15
2408/18 2408/22 2410/21
2412/11 2413/8 2414/15
2549/21 2549/25 2551/2
2551/6 2551/21 2552/1 2552/9
2554/1 2555/1 2555/11
2555/13
Mr. Hewlett's [2] 2392/12
2396/3
Mr. Hinton [1] 2296/25
Mr. Kuhrt [17] 2304/17
2304/25 2305/2 2305/4
2337/25 2356/13 2391/16
2392/2 2398/2 2398/15
2398/25 2399/23 2400/6
2429/21 2431/20 2463/11

2570/14
Mr. Kuhrt's [4] 2304/13
2304/22 2400/1 2569/10
Mr. Lopez [27] 2304/4 2304/11
2304/17 2304/25 2305/2
2337/25 2338/23 2339/9
2339/13 2339/19 2341/20
2356/18 2356/22 2357/18
2378/12 2378/16 2394/17
2398/17 2428/24 2429/4
2429/25 2430/2 2430/12
2431/20 2431/20 2435/21
2463/10
Mr. Lopez' [2] 2303/22
2304/20
Mr. Roca [2] 2343/22 2456/8
Mr. Scardino [2] 2457/15
2508/20
Mr. Stanford [141] 2297/4
2310/3 2318/25 2319/6
2319/16 2320/5 2322/10
2322/15 2322/23 2323/19
2324/3 2324/14 2325/10
2329/16 2332/9 2333/25
2335/17 2335/20 2338/1
2338/21 2342/5 2344/16
2345/12 2346/12 2346/23
2347/23 2347/25 2349/2
2350/9 2350/10 2353/6 2354/9
2354/9 2354/14 2354/15
2355/7 2355/17 2357/5
2357/19 2359/16 2365/13
2367/12 2367/21 2368/1
2370/11 2371/20 2373/9
2374/9 2375/4 2375/15
2375/23 2376/22 2376/25
2377/15 2379/21 2380/5
2380/24 2381/2 2381/17
2382/9 2405/15 2409/3
2409/25 2415/24 2417/13
2417/16 2417/18 2417/23
2418/4 2418/8 2419/8 2420/9
2420/13 2420/19 2421/2
2421/7 2421/9 2421/11
2421/14 2421/18 2421/21
2422/13 2423/8 2423/10
2423/20 2424/11 2426/21
2426/24 2427/8 2427/17
2428/12 2433/1 2433/17
2434/10 2437/3 2437/23
2438/9 2438/11 2438/11
2439/21 2441/5 2442/8
2444/13 2444/14 2444/15
2445/8 2446/4 2446/6 2448/18
2448/22 2450/9 2463/11
2474/15 2490/4 2490/25
2502/1 2506/8 2506/13 2507/6
2507/13 2510/4 2511/4 2511/5
2511/10 2515/3 2517/21
2518/13 2527/3 2544/1 2544/7
2544/25 2548/18 2550/13
2551/9 2552/20 2552/24
2562/2 2563/1 2566/8 2566/21
2566/22
Mr. Stanford's [32] 2320/21
2325/25 2332/3 2333/12
2338/19 2357/6 2357/10
2358/12 2364/18 2381/13
2383/22 2386/10 2387/7
2388/3 2392/7 2393/1 2393/2
2393/14 2417/8 2418/22
2602
M
Mr. Stanford's... [12] 2420/2
2422/12 2423/18 2434/22
2447/5 2448/9 2448/25 2466/5
2469/7 2509/8 2545/11
2554/22
Mr. Vega [1] 2395/24
Mrs. [1] 2557/9
Mrs. Maldonado [1] 2557/9
Ms. [7] 2345/6 2345/12
2347/25 2349/1 2349/9 2379/1
2395/24
Ms. Gregory [1] 2379/1
Ms. Maldonado [5] 2345/6
2345/12 2347/25 2349/1
2349/9
Ms. Vega [1] 2395/24
much [82] 2312/7 2337/10
2337/21 2346/21 2346/22
2348/2 2353/10 2353/14
2353/19 2357/2 2359/2
2359/18 2359/24 2360/7
2360/11 2360/14 2361/14
2361/23 2363/3 2363/6 2365/2
2365/10 2366/1 2369/13
2370/9 2372/23 2374/20
2374/23 2375/21 2376/3
2376/5 2376/14 2380/5
2383/21 2386/4 2387/2
2389/13 2389/15 2389/15
2393/3 2393/7 2393/13
2394/17 2395/10 2401/8
2401/11 2408/3 2412/5
2412/19 2419/21 2419/25
2422/18 2425/12 2430/4
2430/13 2435/17 2444/4
2446/22 2453/3 2453/3 2453/4
2453/5 2457/5 2480/24 2487/6
2492/2 2494/3 2525/23
2526/15 2526/18 2526/19
2547/6 2547/20 2547/22
2548/22 2552/4 2553/22
2553/25 2564/13 2566/10
2567/7 2567/20
multiple [5] 2317/18 2324/17
2331/15 2331/16 2500/15
municipal [1] 2406/9
must [1] 2486/10
my [56] 2301/8 2301/20
2304/6 2304/7 2304/8 2317/2
2334/12 2339/18 2339/18
2344/8 2345/19 2391/7 2396/1
2396/21 2406/6 2406/8 2410/6
2447/20 2449/24 2450/2
2451/18 2452/4 2455/16
2456/11 2456/13 2457/9
2458/6 2458/10 2458/12
2458/24 2460/6 2460/6
2460/15 2460/16 2465/23
2466/9 2466/23 2468/25
2469/25 2470/5 2471/7
2478/11 2478/13 2478/23
2478/23 2480/16 2480/21
2482/12 2486/21 2506/17
2510/1 2510/20 2513/5
2514/19 2552/23 2566/23
myself [5] 2345/25 2462/24
2468/3 2498/19 2563/8
N
name [13]
2301/7 2301/8
2303/12 2404/15 2407/8

2437/14 2456/1 2456/2 2500/9
2515/22 2522/17 2554/24
2554/25
named [1] 2296/7
names [4] 2296/18 2330/18
2352/21 2522/18
narrative [4] 2341/8 2459/3
2459/5 2476/16
National [1] 2403/3
nature [3] 2397/3 2417/19
2525/18
Navy [1] 2457/2
nearby [1] 2481/23
necessarily [5] 2373/24
2498/12 2525/22 2539/3
2554/12
necessary [1] 2428/5
need [39] 2312/8 2316/21
2330/25 2339/15 2339/25
2341/6 2346/7 2357/13
2368/20 2368/25 2375/22
2389/17 2398/20 2401/2
2401/19 2424/24 2427/9
2438/24 2439/6 2442/17
2443/20 2446/15 2447/24
2457/22 2465/2 2492/7
2492/10 2499/4 2513/18
2513/23 2519/6 2534/11
2539/3 2540/4 2546/14
2546/15 2558/24 2570/11
2571/8
need-to-know [3] 2316/21
2339/15 2339/25
needed [27] 2321/12 2324/21
2328/21 2329/5 2329/10
2329/12 2331/19 2341/10
2342/23 2346/24 2367/7
2427/4 2427/10 2428/7
2433/17 2434/5 2439/18
2440/9 2457/12 2506/21
2506/21 2517/17 2543/22
2557/2 2558/24 2558/25
2566/20
needing [2] 2346/10 2439/1
needs [10] 2315/12 2319/24
2319/24 2328/17 2328/20
2331/6 2346/24 2350/11
2439/9 2502/25
negotiate [1] 2553/24
negotiated [3] 2553/13
2553/16 2553/20
nervous [5] 2460/4 2465/9
2476/10 2476/11 2479/21
net [3] 2387/1 2426/17
2565/12
netted [1] 2420/22
network [10] 2340/7 2340/8
2340/15 2342/18 2494/17
2494/18 2494/19 2495/4
2497/14 2497/21
never [38] 2296/25 2314/23
2315/5 2315/7 2317/3 2317/7
2347/21 2375/16 2376/12
2384/10 2384/12 2404/17
2404/20 2405/11 2407/13
2412/21 2424/2 2424/10
2424/12 2450/23 2452/18
2478/7 2478/8 2478/12
2480/17 2520/3 2520/3 2520/9
2523/6 2523/11 2523/13
2523/16 2524/13 2527/5
2553/9 2567/12 2567/14

2570/24
new [15] 2293/16 2303/4
2306/4 2307/8 2317/21 2394/9
2396/7 2396/10 2400/11
2400/14 2400/20 2401/6
2402/1 2402/17 2519/5
newspaper [5] 2363/18 2363/24
2364/10 2367/5 2443/12
next [31] 2296/6 2299/20
2309/23 2329/18 2338/7
2348/13 2357/14 2360/1
2363/16 2364/13 2365/4
2380/3 2381/5 2385/10
2394/22 2397/25 2398/12
2398/22 2399/19 2399/22
2402/7 2409/13 2430/10
2431/19 2441/6 2447/12
2460/5 2460/14 2466/11
2466/16 2471/25
nickname [3] 2343/16 2343/18
2406/16
night [1] 2460/1
nine [2] 2383/16 2568/9
Nineties [2] 2527/17 2528/15
no [269] 2297/4 2297/10
2297/11 2297/12 2297/12
2297/22 2297/24 2297/25
2300/9 2302/19 2312/6 2313/8
2313/18 2314/6 2314/23
2315/5 2319/8 2321/12
2321/20 2322/17 2322/24
2323/5 2323/10 2326/3 2326/5
2326/9 2326/13 2327/20
2338/12 2339/1 2341/7 2342/8
2342/12 2347/17 2347/21
2349/16 2353/8 2354/15
2357/5 2357/20 2357/25
2358/14 2364/5 2364/8 2370/1
2370/18 2373/7 2373/15
2376/12 2376/19 2376/20
2376/24 2377/4 2378/21
2381/4 2381/16 2381/16
2381/16 2381/19 2381/19
2382/2 2382/17 2384/22
2385/25 2386/11 2387/17
2387/20 2389/21 2400/8
2402/14 2403/10 2405/6
2406/17 2407/11 2408/17
2408/20 2408/24 2412/13
2414/9 2416/3 2416/23
2424/12 2424/15 2427/15
2428/19 2429/10 2430/7
2430/20 2431/2 2431/4 2432/6
2433/12 2434/8 2435/10
2435/20 2435/24 2437/6
2439/24 2440/7 2445/9
2445/13 2445/13 2446/10
2446/11 2447/19 2447/19
2447/25 2448/21 2448/24
2450/19 2450/21 2450/21
2452/14 2454/14 2454/18
2455/8 2455/14 2456/21
2457/11 2457/17 2457/17
2460/20 2461/17 2461/21
2462/17 2462/18 2463/18
2464/24 2466/17 2467/7
2467/7 2467/11 2467/16
2468/14 2469/16 2469/19
2469/22 2470/7 2470/23
2472/22 2473/19 2474/21
2475/18 2476/14 2477/6
2603
N
no... [124] 2477/13 2479/25
2481/1 2481/2 2481/22 2482/1
2483/19 2483/19 2484/4
2484/6 2484/9 2486/1 2486/6
2486/11 2488/13 2489/3
2489/6 2489/10 2489/11
2489/14 2489/17 2491/12
2491/15 2491/18 2492/9
2492/15 2492/17 2492/19
2493/8 2495/15 2495/18
2495/19 2495/20 2496/7
2496/9 2496/25 2499/10
2500/7 2505/15 2506/1 2506/3
2507/20 2510/16 2510/17
2512/5 2513/19 2515/23
2516/24 2516/25 2517/4
2517/5 2517/15 2518/8
2518/11 2518/18 2519/16
2519/17 2519/18 2520/22
2521/13 2521/25 2522/1
2522/5 2522/18 2524/5
2526/13 2526/20 2527/2
2528/16 2529/16 2529/20
2530/2 2530/8 2530/12
2530/14 2533/20 2533/20
2533/22 2533/23 2534/23
2536/19 2538/23 2541/8
2543/9 2543/17 2545/3 2546/5
2546/7 2546/10 2546/14
2546/15 2547/6 2548/14
2551/4 2551/5 2551/8 2551/9
2551/12 2551/14 2551/21
2551/23 2552/11 2555/12
2555/18 2556/8 2558/4
2558/19 2559/14 2560/20
2561/4 2561/6 2562/21 2563/6
2563/25 2565/24 2565/25
2566/5 2566/10 2566/12
2567/8 2567/11 2567/11
2567/14 2571/7
nobody [8] 2338/3 2364/8
2496/3 2499/11 2499/13
2521/20 2538/19 2561/10
Nodding [8] 2465/15 2467/22
2477/22 2491/24 2493/5
2499/18 2522/8 2570/4
nods [1] 2452/21
Nome [2] 2370/20 2370/22
non [3] 2324/9 2354/7
2508/11
non-accounting [2] 2324/9
2354/7
non-taxable [1] 2508/11
none [7] 2354/15 2451/25
2495/11 2529/3 2529/18
2552/22 2552/23
nonresponsive [8] 2338/5
2341/5 2343/2 2346/15
2375/24 2453/8 2464/23
2521/5
Noon [1] 2415/1
Nope [1] 2526/17
nor [4] 2297/2 2377/1
2405/18 2559/3
normal [4] 2339/1 2351/18
2393/21 2396/15
normally [2] 2458/4 2542/13
Northern [1] 2300/6
not [287]
note [19] 2322/1 2322/5
2324/12 2354/7 2379/4

2380/21 2381/5 2381/9 2500/6
2502/16 2515/3 2515/7
2516/20 2517/9 2517/13
2517/22 2517/23 2518/3
2569/9
notes [45] 2313/25 2315/21
2324/7 2324/9 2352/16 2354/5
2354/22 2355/9 2355/12
2355/13 2355/14 2356/24
2357/22 2377/13 2377/18
2377/19 2378/2 2378/11
2381/14 2381/14 2381/16
2420/21 2472/3 2472/5 2472/6
2499/13 2501/1 2501/2 2501/6
2501/7 2501/8 2502/11
2507/22 2507/24 2507/24
2507/25 2508/1 2508/2 2515/5
2515/8 2517/15 2518/14
2520/3 2534/2 2534/4
nothing [13] 2300/20 2454/11
2472/15 2491/19 2493/4
2495/23 2507/1 2510/17
2510/19 2549/16 2549/17
2567/9 2567/21
notice [2] 2409/17 2456/25
notify [1] 2329/11
November [4] 2402/16 2412/1
2438/23 2451/10
November 2 [1] 2412/1
now [63] 2296/12 2300/19
2304/16 2309/4 2311/8
2311/23 2349/1 2350/2
2350/22 2355/14 2357/23
2358/12 2362/11 2371/3
2373/17 2380/1 2380/5 2381/9
2381/12 2392/5 2394/12
2398/14 2406/14 2409/18
2410/4 2414/24 2415/23
2417/10 2430/15 2430/19
2433/10 2434/6 2435/4
2443/25 2447/24 2448/20
2454/23 2457/12 2461/15
2463/2 2469/6 2478/19 2485/2
2485/24 2488/21 2493/25
2504/23 2508/21 2511/1
2511/11 2514/16 2515/10
2517/7 2517/15 2517/15
2518/6 2531/14 2534/6
2537/21 2537/21 2538/16
2560/23 2569/2
Nowhere [1] 2507/7
number [31] 2299/8 2307/24
2322/14 2353/16 2379/15
2381/22 2382/24 2387/8
2388/4 2388/13 2394/13
2400/25 2401/23 2420/12
2420/12 2424/7 2425/3 2425/9
2428/4 2428/7 2428/15
2430/17 2443/17 2449/6
2463/9 2488/22 2508/20
2544/13 2554/7 2554/7
2560/19
Number 2 [1] 2379/15
numbered [2] 2379/14 2380/7
numbers [30] 2310/20 2313/10
2314/11 2315/3 2317/22
2350/24 2352/12 2382/20
2384/2 2387/10 2387/12
2389/18 2389/22 2390/2
2391/4 2392/5 2392/9 2392/15
2407/22 2414/16 2425/11
2425/25 2445/14 2447/25

2450/19 2464/5 2491/8 2521/2
2521/8 2521/14
NW [1] 2293/16
O
o'clock [3] 2298/25 2362/12
2414/23
Oaks [3] 2541/7 2541/10
2541/11
oath [1] 2368/25
object [30] 2314/12 2334/19
2334/21 2338/5 2340/22
2341/5 2343/2 2344/2 2346/15
2347/14 2357/7 2366/9
2368/11 2371/22 2372/11
2396/22 2413/4 2414/18
2422/23 2452/22 2453/8
2459/3 2459/5 2467/24
2473/12 2482/4 2483/13
2487/13 2512/1 2544/16
objected [1] 2508/20
objection [19] 2337/16
2368/22 2369/5 2370/7
2375/24 2391/21 2414/1
2427/15 2436/16 2436/21
2444/18 2451/5 2454/3
2463/20 2464/14 2464/23
2484/25 2512/17 2539/21
objections [2] 2326/3 2454/13
objective [4] 2310/8 2315/11
2444/3 2444/5
obligations [1] 2349/6
OBS [1] 2330/8
observation [1] 2391/24
obtained [2] 2445/12 2446/7
obvious [1] 2431/16
obviously [1] 2296/24
occasion [6] 2307/6 2316/25
2338/11 2344/5 2406/12
2564/8
occasions [5] 2344/16 2344/18
2420/20 2560/19 2560/19
off [22] 2340/13 2341/1
2341/11 2392/14 2414/15
2420/13 2434/13 2435/21
2457/2 2458/8 2461/25
2494/17 2494/18 2494/19
2495/6 2496/19 2496/21
2497/10 2497/14 2537/13
2538/2 2570/23
off-the-record [1] 2461/25
offer [2] 2531/18 2541/3
offered [5] 2305/6 2326/4
2326/5 2371/20 2372/8
offering [1] 2367/12
office [31] 2297/2 2298/15
2344/5 2344/7 2378/2 2378/3
2378/13 2378/16 2403/4
2403/5 2455/12 2455/13
2455/17 2456/8 2458/6
2458/10 2459/17 2460/5
2460/15 2460/16 2466/1
2466/9 2466/23 2466/24
2466/25 2468/8 2469/3
2469/25 2469/25 2513/21
2529/9
officer [6] 2304/21 2304/25
2305/1 2378/6 2490/19
2515/25
officers [1] 2453/23
official [3] 2294/8 2367/9
2604
O
official... [1] 2571/19
offset [3] 2420/18 2437/2
2558/5
offshore [2] 2341/3 2539/24
often [2] 2336/22 2350/5
oh [12] 2334/16 2347/3
2379/15 2400/23 2401/3
2411/18 2425/2 2443/11
2480/16 2480/21 2517/1
2548/25
okay [245] 2302/22 2303/17
2310/7 2324/1 2325/3 2326/12
2326/18 2326/19 2328/3
2328/6 2328/12 2329/14
2331/22 2332/14 2333/9
2338/14 2341/8 2347/6 2349/1
2350/12 2356/15 2367/19
2368/20 2368/21 2368/25
2369/2 2373/22 2398/2
2400/13 2401/3 2401/21
2406/24 2409/22 2414/8
2414/11 2414/21 2415/12
2416/22 2416/25 2425/1
2430/24 2433/21 2434/9
2444/20 2448/4 2454/8
2454/13 2456/10 2457/20
2460/15 2466/2 2466/4
2466/12 2466/15 2466/18
2466/24 2467/9 2467/14
2468/4 2468/4 2468/15
2468/21 2469/6 2469/10
2469/15 2469/20 2470/2
2470/4 2470/6 2470/15
2470/19 2471/4 2471/9
2471/16 2471/25 2473/2
2475/12 2475/15 2476/8
2476/12 2477/7 2477/14
2478/8 2480/1 2480/3 2482/1
2482/17 2484/5 2487/9 2489/1
2489/23 2489/25 2490/9
2490/16 2490/18 2490/24
2491/1 2492/6 2493/2 2493/21
2493/25 2494/6 2494/16
2494/20 2494/24 2495/21
2496/1 2496/16 2497/6
2497/18 2497/20 2498/12
2498/25 2500/19 2500/24
2501/3 2501/16 2502/7
2503/20 2504/4 2504/23
2505/2 2505/7 2506/4 2506/11
2507/6 2508/4 2508/16
2508/18 2510/2 2511/6 2511/9
2511/20 2513/5 2513/5
2513/20 2514/3 2514/12
2514/16 2515/1 2515/6 2517/7
2517/12 2517/18 2519/2
2519/17 2519/19 2520/13
2520/14 2520/21 2520/23
2522/15 2523/16 2523/20
2523/22 2524/8 2524/15
2525/11 2528/2 2530/14
2531/14 2531/20 2531/23
2532/1 2532/15 2533/3
2533/14 2534/5 2534/19
2535/3 2535/12 2535/18
2535/25 2536/10 2536/16
2536/23 2537/3 2537/11
2537/21 2538/13 2539/11
2539/19 2540/4 2540/6
2540/15 2540/21 2541/17
2541/23 2542/5 2542/9 2543/5

2543/10 2543/20 2543/25
2544/10 2545/13 2545/18
2546/3 2546/8 2546/11
2546/19 2547/12 2547/15
2547/24 2549/19 2549/24
2550/7 2550/10 2550/15
2550/20 2551/14 2552/1
2552/7 2552/16 2553/4
2553/16 2554/10 2554/21
2555/5 2555/13 2555/15
2555/19 2556/1 2556/4
2556/16 2556/23 2557/7
2558/5 2560/14 2560/23
2561/20 2562/13 2564/3
2564/10 2564/21 2565/3
2565/5 2565/22 2565/25
2566/13 2567/22 2568/2
2568/13 2569/6 2569/14
old [5] 2452/9 2452/10
2452/10 2452/11 2561/2
on [299]
on-the-book [1] 2411/4
once [7] 2298/8 2299/11
2305/25 2377/5 2377/6
2414/24 2552/7
one [85] 2296/18 2296/24
2299/11 2299/20 2300/8
2302/12 2306/20 2316/25
2316/25 2318/6 2320/18
2322/22 2322/25 2328/23
2331/3 2332/23 2338/11
2340/3 2344/25 2345/2 2345/2
2348/24 2352/13 2353/1
2358/20 2360/3 2360/17
2365/1 2365/14 2366/8
2367/12 2371/4 2371/12
2371/17 2379/7 2383/16
2384/24 2406/6 2410/8 2410/9
2410/15 2411/24 2412/14
2412/14 2412/15 2415/7
2419/9 2419/18 2419/25
2421/20 2423/24 2428/24
2430/4 2431/8 2431/15
2437/18 2441/17 2441/18
2448/15 2449/17 2453/21
2454/5 2460/6 2494/9 2494/16
2494/24 2502/25 2508/11
2519/8 2525/12 2525/25
2526/1 2535/22 2536/1
2557/17 2557/19 2558/5
2561/21 2562/6 2562/8 2566/5
2567/16 2567/17 2567/17
2568/15
one's [2] 2406/9 2406/10
ones [1] 2531/5
only [30] 2299/11 2320/16
2321/7 2322/25 2323/2
2324/23 2338/3 2343/25
2350/12 2360/4 2375/19
2396/16 2416/14 2424/11
2464/2 2473/4 2474/14 2484/4
2495/5 2495/8 2495/9 2497/10
2498/17 2504/11 2542/10
2551/16 2551/17 2557/10
2561/12 2569/11
onto [1] 2497/1
open [3] 2298/2 2299/2
2443/12
opening [1] 2304/9
operating [9] 2310/9 2329/9
2346/8 2349/19 2384/18
2393/21 2396/15 2402/22

2402/25
operation [2] 2523/5 2545/22
operations [4] 2361/15
2364/15 2384/19 2545/23
opinion [13] 2396/21 2396/22
2399/21 2399/23 2400/1
2400/2 2445/18 2457/9
2464/15 2464/16 2481/12
2481/13 2524/12
opinion -- I [1] 2396/21
opinions [1] 2505/22
opportunities [1] 2451/24
opportunity [3] 2304/9 2499/5
2520/7
opposed [2] 2494/11 2547/8
optimal [1] 2415/6
option [2] 2357/20 2357/25
options [1] 2424/8
or [185] 2297/2 2297/18
2299/9 2304/25 2306/1
2314/16 2315/3 2315/14
2315/15 2315/16 2316/13
2317/1 2317/3 2319/6 2320/14
2322/1 2323/17 2324/7 2325/2
2331/8 2331/9 2332/23 2337/1
2337/3 2338/12 2339/14
2340/15 2341/7 2345/16
2346/23 2347/17 2349/15
2354/12 2354/13 2354/17
2354/23 2354/25 2355/1
2361/2 2364/3 2364/21
2366/13 2371/22 2372/15
2373/12 2373/24 2377/2
2377/14 2387/22 2390/1
2390/13 2391/18 2391/18
2395/10 2395/24 2396/19
2399/12 2399/22 2403/1
2408/5 2409/19 2410/22
2413/18 2416/25 2417/10
2417/14 2420/5 2422/24
2423/15 2426/3 2426/4 2426/7
2433/22 2437/23 2441/15
2443/5 2443/12 2451/10
2454/11 2455/1 2455/8
2460/10 2462/2 2462/2 2462/3
2462/8 2462/17 2464/7
2464/24 2467/6 2468/22
2470/9 2471/10 2471/16
2473/22 2473/23 2475/25
2476/14 2476/14 2478/14
2478/14 2479/9 2479/15
2480/8 2481/15 2482/20
2483/11 2484/6 2484/17
2484/18 2484/22 2484/25
2485/25 2487/3 2488/12
2488/15 2489/10 2494/14
2494/21 2496/23 2496/24
2500/2 2502/11 2503/12
2507/13 2511/4 2514/19
2515/7 2517/8 2521/15 2523/2
2524/16 2524/22 2525/14
2526/2 2527/4 2527/6 2529/11
2529/15 2529/16 2530/6
2532/12 2533/15 2533/20
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others [8] 2315/15 2316/13
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our [18] 2297/3 2298/10
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ours [1] 2318/14
out [82] 2297/7 2306/3 2319/6
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Overrule [2] 2414/1 2512/17
Overruled [10] 2337/18
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owe [4] 2357/5 2418/8
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owns [1] 2444/15
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partner [1] 2297/10
parts [1] 2390/25
party [4] 2444/9 2445/2
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patient [1] 2523/7
Patricia [2] 2336/18 2345/4
pay [41] 2318/19 2329/9
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payroll [3] 2329/9 2349/11
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peace [1] 2406/10
pecking [1] 2304/24
peek [1] 2481/23
Pelican [1] 2431/8
penalties [1] 2542/14
penalty [2] 2542/17 2542/18
people [46] 2298/15 2307/2
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people's [1] 2505/22
per [12] 2299/11 2379/18
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perceived [1] 2480/8
percent [19] 2321/10 2323/3
2379/18 2383/25 2386/7
2386/8 2388/18 2388/21
2389/9 2389/12 2389/16
2432/3 2432/5 2434/2 2507/1
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percentage [1] 2383/24
perfect [2] 2429/16 2547/25
perfectly [1] 2508/16
perform [2] 2309/24 2477/23
performed [4] 2446/11 2478/1
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performing [5] 2397/2 2552/1
2553/19 2553/23 2554/1
perhaps [1] 2436/17
period [13] 2333/20 2354/18
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permit [1] 2309/13
permits [1] 2545/6
permitted [1] 2321/9
perpetuate [2] 2534/22
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person [14] 2303/5 2303/12
2304/2 2305/9 2312/4 2338/4
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personal [26] 2305/10 2338/19
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personally [4] 2399/20

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persons [3] 2507/17 2513/7
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photo [1] 2367/24
phrase [2] 2316/19 2413/20
phraseology [2] 2368/23
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pie [1] 2389/14
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pieces [1] 2559/1
Pilot [1] 2359/13
pilots [1] 2359/12
Pittman [1] 2419/17
place [12] 2423/25 2424/2
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plane [2] 2334/15 2359/9
planes [1] 2386/13
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plant [1] 2546/8
plants [1] 2547/4
plaque [1] 2298/18
plaques [2] 2298/17 2406/5
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plenty [1] 2507/9
plus [4] 2363/13 2379/22
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PO [2] 2293/13 2294/7
pocket [1] 2503/12
point [18] 2296/12 2303/4
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police [1] 2504/1
poor [1] 2393/10
poorly [1] 2390/19
portfolio [15] 2311/1 2313/1
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portion [8] 2327/5 2331/5
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portrait [1] 2300/9
portraits [1] 2299/24
position [21] 2301/19 2301/20
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positions [1] 2299/8
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possible [2] 2349/8 2548/7
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posting [1] 2451/18
pot [1] 2480/21
potential [2] 2321/13 2532/4
pounds [6] 2408/4 2408/4
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predicate [1] 2371/24
predominantly [1] 2302/18
premises [1] 2398/10
premium [1] 2403/24
premiums [2] 2404/8 2404/10
preparation [5] 2307/12
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preparing [10] 2324/5 2474/17
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present [6] 2296/2 2298/5
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presentations [4] 2472/18
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presented [6] 2299/12 2350/14
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president [5] 2362/5 2398/6
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pressure [2] 2342/20 2342/22
Preston [1] 2294/4
pretrial [1] 2298/16
pretty [5] 2357/2 2401/17
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prevailing [1] 2442/11
prevent [3] 2316/10 2461/15
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previous [2] 2370/23 2381/9
previously [3] 2405/11
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price [5] 2431/19 2441/20
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principal [3] 2379/13 2379/17
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principle [1] 2558/8
print [8] 2429/25 2430/2
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printed [1] 2316/25
printer [2] 2317/1 2317/3
printing [3] 2363/17 2364/10
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prior [14] 2317/20 2361/22
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prison [2] 2480/24 2481/2
private [43] 2358/13 2358/15
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prize [3] 2367/12 2367/15
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pro [1] 2445/17
probably [13] 2304/9 2338/3
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probation [1] 2298/15
problem [3] 2297/15 2297/25
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problems [3] 2297/19 2449/7
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procedure [1] 2440/5
procedures [1] 2306/3
proceed [2] 2350/12 2485/11
proceedings [3] 2293/23
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process [24] 2303/20 2328/18
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processes [2] 2304/3 2306/4
produce [3] 2351/16 2351/19
2389/12
produced [6] 2293/24 2332/5
2351/11 2351/13 2453/3
2482/8
producer [2] 2497/24 2498/10
producers [4] 2472/19 2473/25
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producing [2] 2498/9 2529/4
product [7] 2474/1 2497/19
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products [2] 2531/19 2531/22
proffer [9] 2481/7 2481/9
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proffers [1] 2543/11
profit [6] 2329/7 2450/9
2524/14 2524/15 2529/1
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profitable [4] 2390/10
2528/13 2532/13 2541/6
profits [10] 2319/3 2319/6
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2333/12 2370/13 2370/15
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program [7] 2342/7 2342/10
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project [4] 2530/20 2534/6
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projected [2] 2564/13 2564/15
projection [1] 2426/3
projections [1] 2530/4
projects [2] 2360/21 2360/24
promise [4] 2462/17 2462/18
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promised [1] 2381/3
promises [1] 2540/17
promissory [18] 2377/17
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promote [3] 2367/4 2486/15
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promoted [3] 2304/17 2335/2
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promotion [1] 2491/11
promotional [1] 2416/25
proper [6] 2314/11 2314/14
2314/15 2377/25 2440/5
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properly [3] 2309/13 2501/14
2505/12
property [10] 2305/10 2536/18
2538/7 2544/8 2544/11 2545/6
2545/7 2546/11 2548/19
2558/10
proposition [1] 2526/7
prosecute [3] 2481/12 2481/15
2481/15
prosecuted [11] 2483/20
2483/23 2484/2 2485/21
2486/2 2486/11 2486/13
2487/22 2488/1 2488/11
2488/15
prosecution [3] 2465/20
2478/14 2483/3
prosecutor [3] 2505/25 2506/2
2518/12
prosecutor's [2] 2368/19
2482/24
prosecutors [11] 2461/10
2478/25 2481/6 2482/19
2483/5 2483/11 2485/15
2486/8 2488/19 2499/25
2541/12
protect [1] 2428/5
proud [2] 2462/24 2463/7
provide [10] 2306/15 2306/22
2307/2 2309/11 2336/15
2337/1 2396/7 2443/24 2550/4
2566/24
2608
P
provided [18] 2308/4 2313/6
2314/25 2337/24 2338/23
2343/12 2350/10 2370/5
2402/3 2445/17 2453/7
2460/17 2464/3 2466/10
2466/19 2469/25 2499/22
2563/4
provides [1] 2310/8
providing [3] 2462/22 2506/9
2551/15
provision [1] 2321/12
public [9] 2299/2 2301/23
2340/13 2437/10 2443/3
2443/15 2446/9 2474/7
2474/10
publicly [1] 2442/25
published [3] 2318/1 2319/13
2320/3
Publishing [2] 2363/17
2364/10
Puerto [2] 2360/3 2360/5
pull [6] 2308/11 2309/5
2363/19 2363/20 2493/10
2493/10
pulled [1] 2495/4
pulling [1] 2559/23
pumping [1] 2347/12
puppy [1] 2504/21
purchase [6] 2359/8 2370/25
2430/19 2431/1 2431/18
2441/20
purchased [9] 2342/17 2343/11
2430/21 2431/3 2507/15
2507/17 2538/7 2541/21
2545/6
purchasing [1] 2441/19
purpose [3] 2364/23 2455/4
2508/17
purposes [3] 2332/11 2332/11
2402/4
put [29] 2297/15 2334/1
2355/9 2355/14 2368/18
2408/21 2426/21 2428/13
2439/19 2458/7 2460/6 2481/6
2494/24 2496/19 2496/22
2497/1 2497/12 2497/14
2503/11 2503/12 2512/8
2528/14 2532/7 2533/7
2536/14 2536/16 2543/21
2544/2 2548/23
putting [13] 2319/7 2319/8
2319/17 2347/19 2493/22
2544/5 2546/22 2547/2 2547/3
2563/12 2563/15 2563/24
2564/21
Q
qualified [1] 2444/19
quarterly [1] 2564/23
question [40] 2314/12 2337/16
2338/7 2340/22 2341/6
2347/14 2369/2 2369/3
2372/12 2374/2 2375/13
2375/25 2393/10 2393/11
2406/3 2413/17 2414/6
2444/19 2452/22 2452/24
2453/9 2453/10 2476/5
2476/14 2478/11 2478/23
2478/23 2486/6 2489/14
2497/20 2500/21 2510/20
2535/19
reasonable [2] 2309/11 2548/2
reasons [2] 2462/21 2519/8
recall [30] 2297/5 2297/9
2338/3 2359/2 2361/13 2377/5
2385/7 2394/5 2400/1 2402/25
2422/14 2423/12 2428/12
2437/25 2446/20 2446/22
2446/23 2451/9 2451/11
2453/19 2453/20 2453/22
2479/6 2499/12 2501/4 2533/2
2533/9 2545/9 2549/18 2564/5
recapitalize [2] 2536/21
2558/11
receivable [10] 2302/5 2322/2
2324/7 2324/9 2324/12
2417/20 2418/4 2418/6 2419/4
R
2420/23
R-A-S [1] 2419/5
receivables [1] 2322/1
radio [1] 2367/5
receive [6] 2315/2 2329/2
raise [5] 2300/16 2442/22
2335/7 2356/13 2363/4 2429/6
2442/23 2532/12 2533/25
received [14] 2315/5 2338/10
ran [3] 2562/16 2562/17
2338/16 2372/19 2406/3
2562/18
2421/1 2421/20 2422/4 2427/7
RAS [5] 2334/1 2399/6 2419/2
2429/4 2451/19 2453/20
2419/5 2506/8
2502/17 2552/11
rate [9] 2322/20 2379/18
receiver [19] 2453/17 2455/6
2388/12 2388/16 2389/12
2458/14 2460/18 2461/5
2389/15 2408/10 2410/3
2466/4 2468/7 2468/8 2468/11
2516/12
2468/19 2469/7 2469/12
rates [2] 2410/14 2463/24
2469/15 2470/24 2471/22
rather [3] 2345/19 2489/10
2471/23 2471/25 2472/7
2555/6
2521/21
ratio [1] 2439/8
receiver's [2] 2454/9 2459/18
rationale [1] 2458/25
receivership [9] 2318/3
re [1] 2521/15
2453/23 2460/11 2467/1
re-add [1] 2521/15
2467/8 2468/24 2469/4 2471/2
reaction [4] 2413/2 2413/4
2472/9
2423/18 2455/2
receiving [4] 2328/23 2331/8
read [24] 2309/7 2309/23
2369/7 2372/23
2318/12 2321/4 2349/3 2367/2 recently [1] 2326/10
2379/11 2385/9 2396/2
recess [3] 2362/13 2415/1
2399/19 2407/22 2413/21
2485/5
2427/25 2432/10 2484/16
recessed [1] 2571/11
2484/18 2489/13 2489/16
recognition [1] 2298/14
2503/21 2503/23 2503/25
recognize [15] 2308/15 2311/3
2504/2 2509/21 2516/17
2342/14 2350/23 2351/8
reading [1] 2312/2
2356/8 2363/1 2366/11
ready [6] 2296/4 2296/5
2367/24 2371/3 2378/8
2414/23 2414/24 2429/21
2378/11 2383/3 2392/12
2484/22
2418/13
real [25] 2428/21 2429/8
recognized [2] 2298/19
2429/13 2433/25 2434/7
2299/10
2434/25 2435/18 2437/5
recollection [2] 2364/20
2438/14 2442/6 2527/21
2428/15
2536/25 2537/1 2537/4 2537/6 recommendation [1] 2445/20
2538/15 2539/13 2559/1
recommendations [2] 2296/18
2559/3 2559/8 2560/1 2560/7
2309/17
2560/8 2568/24 2570/17
recommended [2] 2445/23
realistic [1] 2559/11
2446/12
reality [2] 2426/5 2561/22
recommending [1] 2424/9
realize [1] 2533/7
record [8] 2297/16 2298/1
realized [2] 2333/11 2460/3
2328/1 2334/20 2354/4
really [12] 2299/21 2391/13
2406/18 2461/25 2571/14
2391/14 2420/20 2489/11
recorded [3] 2293/23 2309/13
2493/20 2505/8 2529/4 2529/4 2395/8
2536/4 2542/11 2569/7
recording [1] 2324/25
realm [3] 2413/14 2413/17
records [5] 2319/25 2351/23
2508/12
2409/1 2412/21 2414/13
reason [9] 2343/25 2413/7
recruiting [1] 2451/20
2413/23 2414/9 2416/10
red [3] 2334/23 2440/21
2446/11 2450/19 2456/4
2441/6
2520/13 2522/3 2529/12
2546/13 2547/18 2555/8
2566/23 2567/2
questioning [2] 2471/13
2503/10
questions [17] 2369/3 2467/2
2468/25 2469/1 2470/13
2470/15 2470/21 2476/21
2484/4 2484/9 2500/15 2502/3
2502/8 2502/9 2508/24 2552/7
2567/23
quick [2] 2389/23 2560/2
quicker [1] 2476/14
quickly [2] 2343/6 2446/15
quit [2] 2517/18 2521/20
quite [1] 2509/17
2609
R
redirect [1] 2507/10
reduce [10] 2423/13 2423/15
2423/16 2424/1 2424/7 2424/9
2435/9 2447/2 2558/13 2565/3
reduced [3] 2421/10 2424/13
2448/13
reducing [3] 2420/21 2564/16
2564/17
refer [4] 2337/10 2423/20
2456/3 2563/1
reference [3] 2507/21 2560/16
2566/4
referenced [4] 2308/12 2363/1
2366/8 2382/23
referred [5] 2322/1 2325/21
2456/5 2504/24 2560/20
referring [8] 2376/22 2385/1
2426/24 2469/22 2500/12
2554/4 2560/25 2561/20
refinance [1] 2566/21
reflect [2] 2334/20 2435/14
reflected [2] 2441/1 2537/11
reflecting [1] 2319/19
reflection [1] 2524/16
reflects [1] 2326/24
refresh [7] 2503/20 2503/22
2504/2 2509/25 2513/18
2514/14 2516/16
refreshed [1] 2510/1
refreshes [1] 2509/22
regard [1] 2488/11
regarding [3] 2375/23 2436/6
2508/10
regardless [1] 2462/8
regions [1] 2352/25
regret [1] 2463/7
regular [3] 2322/16 2324/19
2564/4
regularly [1] 2496/18
regulations [2] 2439/7
2439/12
reimbursements [2] 2349/7
2349/11
reinforce [1] 2428/4
Reinvesting [1] 2382/14
reinvests [2] 2318/16 2319/1
related [17] 2340/15 2359/5
2375/19 2417/19 2421/24
2422/15 2422/16 2445/2
2453/5 2472/13 2472/18
2472/19 2494/5 2497/14
2497/22 2524/18 2538/16
relating [4] 2340/12 2341/1
2450/13 2494/6
relation [2] 2312/8 2461/4
relationship [4] 2312/10
2355/3 2486/12 2551/1
relative [1] 2436/20
relevance [3] 2331/25 2457/11
2463/20
relocate [4] 2451/23 2452/4
2452/5 2452/12
relying [1] 2332/20
remained [1] 2455/17
remaining [1] 2449/3
remains [1] 2428/2
remember [52] 2297/1 2297/12
2297/20 2303/13 2303/16
2305/22 2362/20 2367/15
2369/21 2393/6 2400/6 2413/2
2414/5 2422/10 2422/19

2485/9 2499/16 2499/17
2499/22 2500/4 2500/5 2500/8
2502/15 2509/12 2509/16
2509/17 2513/16 2516/16
2527/18 2527/20 2527/22
2527/23 2527/24 2528/4
2531/15 2533/10 2533/12
2533/13 2533/24 2538/11
2538/12 2545/10 2545/13
2549/15 2549/21 2550/19
2555/23 2560/21 2561/2
2567/25 2568/21 2568/23
remembered [2] 2488/23
2516/13
remind [3] 2345/6 2392/7
2420/6
reminder [1] 2485/9
reminds [1] 2562/20
remove [2] 2340/14 2497/13
removed [3] 2460/6 2497/11
2498/7
rent [1] 2329/9
repaid [7] 2322/8 2322/11
2337/22 2375/12 2375/15
2375/16 2452/18
repay [6] 2332/20 2354/14
2357/2 2380/8 2381/3 2523/17
repayment [3] 2323/5 2357/21
2448/17
repayments [2] 2322/15
2420/17
rephrase [11] 2314/17 2314/18
2375/13 2414/5 2422/25
2468/1 2474/24 2487/17
2489/8 2489/17 2522/3
report [136] 2307/12 2307/16
2308/9 2308/15 2308/18
2308/20 2308/22 2309/1
2309/9 2310/3 2310/9 2311/2
2311/4 2317/9 2317/11
2317/13 2317/15 2317/20
2317/21 2317/24 2317/24
2318/2 2318/8 2319/5 2319/18
2320/2 2321/2 2321/19
2321/23 2322/5 2324/6
2324/15 2324/16 2325/9
2325/16 2335/1 2336/4 2336/9
2336/10 2336/22 2336/24
2337/1 2337/4 2338/10 2339/5
2339/10 2339/21 2340/5
2340/12 2340/18 2340/19
2351/11 2351/19 2352/4
2352/19 2358/8 2358/18
2363/8 2369/12 2371/5
2375/20 2382/4 2382/8 2383/3
2384/24 2385/2 2385/7 2386/4
2386/25 2388/5 2390/22
2391/12 2392/11 2402/10
2402/10 2416/12 2416/18
2416/22 2416/25 2417/11
2422/3 2424/17 2424/18
2424/20 2425/10 2425/15
2425/20 2433/18 2435/5
2435/15 2447/16 2448/6
2452/17 2453/3 2458/9
2462/22 2464/4 2468/25
2472/24 2473/5 2473/8 2473/9
2473/10 2473/17 2473/19
2474/17 2475/12 2498/4
2498/17 2498/20 2498/22
2499/5 2499/19 2499/22
2502/5 2503/21 2504/1

2505/11 2507/19 2507/21
2509/9 2509/20 2512/7
2512/10 2512/13 2519/20
2536/7 2536/8 2537/23 2538/3
2560/18 2563/3 2563/12
2563/15 2563/24 2564/23
report -- I [1] 2505/11
reported [8] 2305/2 2312/15
2312/22 2312/25 2313/2
2313/12 2315/3 2552/18
reporter [5] 2294/8 2301/7
2484/16 2484/18 2571/19
Reporter's [1] 2571/13
reporting [5] 2382/20 2387/25
2490/25 2495/25 2534/14
reports [24] 2308/21 2351/16
2352/2 2352/4 2352/6 2374/16
2382/5 2392/14 2414/17
2416/19 2417/6 2417/16
2417/18 2459/12 2472/13
2472/14 2475/8 2486/14
2494/14 2497/20 2498/10
2498/10 2502/9 2557/13
represent [1] 2297/4
representation [1] 2368/12
represented [1] 2296/9
represents [1] 2296/16
reprimanded [1] 2342/25
request [9] 2328/20 2329/18
2344/11 2346/2 2346/13
2347/23 2350/15 2396/5
2420/4
requested [6] 2330/25 2334/8
2337/9 2348/2 2420/5 2450/22
requesting [1] 2557/12
requests [4] 2331/16 2344/14
2350/5 2551/2
require [1] 2394/9
required [4] 2379/21 2396/10
2420/5 2571/8
requirements [2] 2312/7
2544/3
research [1] 2533/15
resigned [1] 2451/7
resist [1] 2484/14
resolution [1] 2447/8
resolve [1] 2349/8
resorts [3] 2545/14 2545/14
2545/15
respective [1] 2506/9
responding [1] 2398/25
responds [1] 2398/2
response [14] 2368/15 2391/16
2398/15 2402/14 2436/7
2456/20 2486/1 2500/7
2505/15 2516/25 2518/18
2528/16 2541/8 2556/8
responsibility [2] 2310/9
2501/13
responsible [2] 2563/19
2565/18
rest [5] 2431/9 2433/14
2475/13 2475/15 2517/17
restaurant [6] 2361/1 2361/6
2361/8 2361/9 2361/13 2363/3
restaurants [1] 2389/6
results [2] 2310/9 2530/23
resume [2] 2414/24 2414/25
retain [1] 2399/21
retained [7] 2296/25 2297/16
2318/17 2319/1 2319/2 2319/3
2610
R
retained... [1] 2522/18
retire [5] 2548/23 2558/6
2558/15 2558/20 2559/17
retired [1] 2557/18
retirement [4] 2463/17 2464/7
2464/13 2464/20
return [13] 2313/14 2318/15
2388/12 2388/17 2389/9
2389/12 2389/15 2390/10
2390/20 2391/14 2432/1
2432/5 2458/22
returning [1] 2390/10
returns [5] 2318/19 2390/2
2391/1 2391/13 2526/2
revealed [2] 2315/19 2507/17
revenue [21] 2302/3 2387/13
2388/9 2450/4 2473/7 2473/9
2478/15 2479/1 2479/16
2479/19 2498/3 2501/5 2510/9
2525/22 2525/24 2525/25
2526/2 2534/14 2549/6
2564/14 2564/15
reversed [1] 2369/7
review [6] 2310/8 2310/11
2315/11 2317/18 2499/19
2550/4
reviewed [2] 2317/16 2374/14
reviewing [3] 2304/6 2317/14
2400/4
reviews [1] 2309/16
revised [1] 2397/22
revision [1] 2403/23
rich [1] 2492/11
Rico [2] 2360/3 2360/5
rid [1] 2565/10
right [259] 2297/3 2297/8
2298/3 2298/23 2299/20
2300/13 2300/16 2302/22
2303/15 2314/17 2331/21
2333/21 2334/23 2345/18
2345/20 2353/13 2357/8
2362/12 2362/17 2362/20
2368/4 2369/5 2369/9 2369/22
2371/24 2372/20 2373/23
2379/2 2383/5 2384/13
2385/21 2385/25 2388/25
2389/1 2389/4 2389/7 2390/16
2392/12 2395/6 2395/17
2401/6 2405/22 2407/24
2410/4 2411/5 2414/22
2414/23 2415/10 2415/12
2415/22 2419/16 2422/25
2432/7 2432/11 2432/21
2436/7 2436/22 2441/4
2443/11 2448/4 2448/11
2449/8 2455/3 2457/13
2457/15 2457/23 2459/9
2462/16 2462/25 2463/12
2463/24 2463/25 2465/22
2466/10 2467/21 2468/17
2474/1 2474/4 2474/18
2474/18 2474/23 2475/17
2476/18 2476/23 2476/25
2478/2 2479/7 2479/13
2479/20 2480/6 2480/11
2480/14 2480/18 2480/19
2481/16 2481/19 2482/21
2483/21 2483/23 2483/24
2483/25 2484/20 2484/25
2485/18 2485/23 2486/13
2487/16 2488/2 2488/4

2488/11 2488/15 2488/17
2488/18 2488/20 2488/24
2490/2 2491/3 2491/4 2491/8
2491/9 2491/10 2491/19
2491/20 2492/1 2493/13
2494/11 2495/11 2495/13
2496/11 2497/23 2497/25
2498/23 2499/1 2499/15
2501/23 2501/25 2502/8
2503/16 2503/18 2503/23
2505/4 2505/14 2505/14
2505/16 2506/6 2506/14
2506/21 2506/25 2509/1
2510/12 2510/24 2511/14
2511/17 2511/22 2512/17
2512/25 2513/3 2513/5 2513/8
2513/14 2515/14 2515/16
2515/17 2515/19 2515/25
2516/4 2516/7 2516/21
2516/22 2516/24 2517/10
2518/17 2518/19 2518/22
2519/10 2519/15 2520/4
2520/9 2520/25 2521/3 2521/9
2521/11 2521/15 2521/16
2521/16 2522/25 2523/13
2523/14 2523/18 2524/2
2524/11 2525/2 2525/15
2526/8 2526/22 2527/8
2528/10 2528/15 2528/17
2530/11 2531/22 2532/9
2532/13 2532/24 2533/1
2535/5 2535/7 2535/16
2536/14 2536/18 2536/20
2537/8 2537/24 2539/20
2540/25 2541/4 2541/7 2542/1
2542/4 2542/11 2542/18
2542/25 2543/3 2544/3
2544/20 2548/3 2548/3 2548/7
2548/15 2549/12 2549/20
2550/23 2551/18 2552/5
2552/22 2553/10 2554/16
2555/3 2558/2 2559/20
2562/10 2562/16 2563/18
2564/1 2565/3 2565/6 2565/14
2565/18 2566/4 2567/21
2568/25 2569/17 2569/19
2570/2 2570/3 2570/6 2570/15
2570/24 2571/1
right-hand [4] 2385/21
2385/25 2432/7 2432/11
right. [1] 2297/25
right. It's [1] 2297/25
righteous [1] 2561/13
risk [15] 2312/6 2321/16
2322/6 2322/10 2323/8
2323/10 2382/15 2385/8
2404/5 2442/24 2443/1
2462/18 2521/13 2521/24
2522/4
risks [5] 2321/7 2321/14
2322/5 2522/1 2522/6
risky [3] 2443/1 2522/9
2559/9
River [3] 2541/7 2541/10
2541/11
road [1] 2367/7
ROBERT [8] 2293/5 2293/19
2297/6 2306/18 2322/4
2325/19 2399/7 2419/15
Robert even [1] 2297/6
robes [1] 2299/3
Roca [6] 2343/21 2343/22

2343/23 2456/8 2458/7 2563/9
Rolando [3] 2343/21 2458/7
2563/9
role [3] 2306/13 2306/14
2330/16
rolled [1] 2381/5
room [3] 2458/6 2458/8
2479/17
roughly [2] 2383/24 2446/20
routes [1] 2373/17
rugs [1] 2299/22
rule [2] 2541/25 2553/5
run [7] 2361/3 2361/3 2373/9
2529/23 2542/3 2558/12
2562/18
running [3] 2374/4 2374/6
2434/23
runs [1] 2298/10
rush [1] 2446/14
Rusk [1] 2294/10
rsum [2] 2304/6 2451/18
S
safe [2] 2464/12 2464/19
safeguarded [1] 2309/12
safer [1] 2489/9
said [90] 2296/11 2296/12
2297/8 2297/9 2297/10 2308/4
2314/24 2315/24 2317/7
2320/6 2322/9 2323/22
2323/23 2325/3 2325/24
2328/17 2329/22 2333/11
2335/12 2336/7 2338/1 2344/9
2347/8 2347/21 2356/2 2357/2
2359/14 2363/10 2376/12
2376/23 2377/6 2381/22
2384/14 2391/17 2391/17
2391/19 2392/2 2392/4
2396/14 2399/7 2399/23
2400/20 2404/17 2412/21
2418/3 2423/10 2424/10
2424/12 2425/4 2433/1
2434/10 2441/20 2450/7
2456/21 2458/14 2460/15
2461/24 2462/1 2462/4
2463/14 2464/6 2466/25
2473/15 2475/23 2479/11
2483/22 2487/21 2488/5
2488/20 2489/6 2489/6
2493/15 2494/9 2494/16
2495/24 2496/10 2497/18
2499/13 2520/9 2529/2 2533/6
2555/20 2555/21 2560/19
2560/23 2561/23 2561/25
2562/20 2564/2 2570/23
salaries [1] 2386/12
salary [2] 2305/20 2554/15
same [35] 2313/19 2330/19
2330/20 2348/22 2371/5
2384/23 2386/22 2392/11
2397/9 2408/25 2411/3 2411/7
2411/14 2411/19 2411/22
2411/23 2412/14 2415/9
2417/13 2442/5 2466/17
2466/19 2467/4 2471/16
2471/18 2480/21 2496/14
2507/16 2508/23 2513/12
2521/3 2521/8 2521/9 2522/17
2525/13
sampling [1] 2310/19
San [1] 2360/3
2611
S
save [3] 2340/6 2458/9 2565/6
saved [6] 2340/7 2341/24
2341/25 2458/23 2459/12
2498/6
savings [2] 2464/13 2464/21
saw [29] 2308/21 2316/16
2316/23 2378/16 2379/4
2380/21 2382/1 2385/22
2387/19 2402/1 2412/21
2422/3 2433/1 2438/14
2441/17 2447/16 2448/8
2448/13 2449/7 2455/23
2458/7 2462/19 2464/11
2515/8 2529/1 2552/12
2554/18 2558/16 2570/20
say [95] 2298/17 2306/17
2320/18 2325/15 2332/14
2337/6 2338/23 2343/10
2347/3 2347/12 2347/19
2349/9 2349/24 2350/9
2355/19 2357/24 2366/22
2368/20 2370/20 2372/1
2372/5 2375/10 2375/14
2376/15 2376/18 2377/5
2379/11 2380/5 2382/12
2382/15 2391/10 2391/16
2397/21 2398/17 2399/2
2405/7 2405/14 2409/8
2409/20 2410/8 2413/15
2423/7 2423/10 2423/18
2423/19 2434/6 2442/25
2445/2 2458/6 2461/22 2463/2
2463/8 2463/17 2470/17
2474/6 2474/10 2478/21
2479/4 2479/9 2480/21 2482/6
2483/25 2484/3 2484/8
2485/21 2485/25 2486/23
2487/19 2488/17 2489/10
2492/10 2493/6 2493/8
2493/14 2497/9 2499/25
2508/1 2510/14 2527/12
2534/7 2541/24 2542/1 2542/2
2542/10 2542/15 2542/15
2544/13 2553/6 2556/19
2558/19 2559/11 2563/14
2564/3 2564/23 2569/8
saying [31] 2298/24 2310/3
2310/13 2320/5 2349/2
2357/13 2376/10 2382/8
2384/2 2384/20 2386/4
2388/24 2391/15 2392/15
2407/16 2409/25 2429/21
2436/12 2440/2 2440/4
2454/15 2457/10 2489/9
2497/10 2505/23 2508/20
2517/20 2529/18 2549/18
2554/15 2561/22
says [41] 2297/11 2311/8
2314/1 2319/1 2319/10
2321/14 2322/22 2323/13
2327/2 2327/10 2329/19
2330/5 2331/5 2347/1 2357/24
2367/2 2369/6 2370/20
2378/15 2385/18 2387/4
2394/25 2396/5 2398/2
2398/18 2403/1 2406/18
2407/1 2407/4 2411/24 2412/2
2412/8 2431/8 2432/14
2433/15 2457/10 2487/14
2504/7 2508/1 2508/2 2508/2
scads [1] 2527/21

Scardino [5] 2293/19 2293/20
2457/15 2500/11 2508/20
scared [3] 2480/16 2493/6
2493/8
Scares [1] 2479/20
scenarios [1] 2424/8
schedule [2] 2537/12 2537/22
scheduled [1] 2451/20
schedules [1] 2537/11
scheme [2] 2332/8 2332/16
school [2] 2299/8 2452/13
Schramm [1] 2526/6
Scott [1] 2418/18
scramble [1] 2566/22
screen [7] 2415/5 2415/6
2415/9 2527/6 2529/5 2552/13
2558/16
scroll [4] 2357/14 2380/14
2397/10 2429/15
search [1] 2460/21
seat [1] 2300/22
seated [3] 2362/16 2415/3
2485/8
SEC's [1] 2342/10
second [24] 2309/4 2309/8
2318/6 2318/12 2345/8
2348/17 2349/2 2352/13
2378/20 2379/11 2379/24
2380/7 2383/11 2397/16
2399/2 2399/5 2409/8 2413/11
2431/5 2441/6 2450/12 2454/5
2454/5 2456/12
secondary [1] 2456/22
secrecy [3] 2316/15 2316/23
2339/24
secret [27] 2472/21 2472/21
2472/22 2472/25 2473/2
2473/4 2473/23 2474/6 2474/6
2475/7 2475/9 2475/22
2498/12 2498/16 2502/13
2503/7 2503/10 2503/14
2506/23 2516/24 2517/3
2538/19 2538/20 2538/23
2549/14 2549/16 2549/17
secretive [2] 2315/18 2498/18
section [3] 2320/24 2321/4
2443/12
secured [2] 2321/8 2323/11
Securities [1] 2342/5
security [1] 2456/23
see [76] 2297/18 2299/14
2311/20 2312/5 2313/5
2313/16 2314/3 2321/15
2332/24 2335/14 2337/21
2345/16 2348/14 2348/16
2349/1 2362/9 2367/21 2368/1
2377/13 2377/17 2377/20
2379/24 2380/14 2380/16
2381/14 2384/20 2385/11
2387/16 2397/11 2397/13
2398/22 2401/3 2406/18
2407/2 2407/8 2409/2 2409/5
2412/3 2413/3 2414/23
2414/24 2414/25 2416/15
2429/16 2433/12 2443/17
2443/21 2450/22 2456/21
2482/1 2484/15 2485/4
2503/21 2504/20 2509/21
2525/1 2528/19 2529/5 2530/3
2534/12 2534/12 2536/3
2540/5 2544/20 2544/22
2546/4 2546/6 2546/7 2546/9

2546/10 2546/11 2546/24
2548/25 2558/8 2561/13
2570/10
see no [1] 2456/21
seeing [3] 2337/22 2452/17
2453/22
seek [1] 2445/23
seemed [1] 2552/17
seems [2] 2548/11 2548/12
seen [14] 2339/16 2401/14
2404/17 2408/14 2411/12
2427/12 2428/17 2432/5
2433/10 2474/14 2489/4
2527/5 2567/12 2567/14
sees [1] 2506/2
select [1] 2416/15
selected [1] 2299/20
sell [6] 2443/4 2531/21
2531/22 2559/1 2559/3 2560/1
selling [8] 2373/11 2416/21
2416/24 2423/24 2424/1
2522/12 2530/6 2564/18
send [7] 2330/2 2330/3
2330/23 2337/2 2339/2 2442/9
2557/3
sending [5] 2339/1 2356/18
2395/23 2397/19 2431/20
senior [2] 2305/6 2418/20
sense [8] 2386/9 2386/11
2389/10 2389/18 2389/22
2473/4 2536/6 2536/6
sent [15] 2319/19 2335/21
2336/19 2348/16 2350/18
2418/15 2418/17 2427/17
2427/19 2429/18 2429/20
2430/5 2436/10 2479/15
2494/13
sentence [5] 2310/13 2318/22
2349/25 2399/19 2428/9
Senza [2] 2370/20 2370/22
separate [2] 2352/24 2437/16
September [1] 2418/15
September 19th [1] 2418/15
seriously [1] 2463/16
serve [1] 2321/11
served [2] 2406/7 2406/11
server [4] 2297/3 2341/1
2341/11 2342/2
service [15] 2392/18 2473/7
2473/9 2477/23 2478/1 2478/3
2478/15 2479/2 2479/16
2479/19 2501/5 2510/9 2549/6
2552/2 2554/1
services [10] 2298/16 2306/23
2307/3 2308/5 2315/1 2327/22
2397/1 2551/6 2551/14 2552/9
set [3] 2436/13 2556/12
2557/3
setting [1] 2306/4
setup [2] 2305/16 2420/25
several [3] 2438/6 2475/1
2560/19
SFG [3] 2330/10 2330/22
2427/21
SFGC [1] 2427/19
SFGL [1] 2403/2
SFGL TNB [1] 2403/2
SG [1] 2406/18
SH [2] 2330/6 2330/6
Shaking [1] 2526/16
shall [3] 2298/17 2379/17
2612
2347/2 2451/3
S
should [22] 2296/13 2313/10
shall... [1] 2379/19
2317/2 2317/3 2339/16
share [5] 2325/17 2339/9
2341/12 2398/3 2399/21
2516/11 2528/6 2567/19
2401/1 2409/16 2409/17
shared [9] 2339/11 2339/13
2441/22 2441/22 2442/11
2340/13 2474/9 2478/17
2445/20 2463/2 2463/3
2488/24 2498/8 2498/18
2474/14 2480/14 2496/24
2567/21
2528/14 2547/22
shareholder [126] 2318/16
show [39] 2325/4 2326/7
2318/23 2318/23 2319/9
2326/23 2328/14 2331/25
2319/18 2319/23 2320/13
2335/1 2337/11 2342/13
2320/14 2321/23 2322/1
2350/22 2352/10 2356/4
2324/6 2324/22 2325/2
2362/25 2367/23 2379/1
2325/17 2325/18 2325/20
2380/12 2383/6 2388/11
2326/25 2329/6 2329/14
2402/13 2405/23 2406/14
2330/6 2330/7 2330/9 2333/23 2408/25 2412/24 2419/13
2335/15 2335/22 2335/23
2420/13 2424/19 2424/20
2337/11 2337/12 2338/10
2428/17 2431/5 2440/14
2339/5 2339/10 2339/21
2446/5 2448/12 2456/7 2458/1
2340/5 2340/12 2340/18
2475/21 2475/23 2503/20
2340/19 2349/5 2351/11
2509/18 2523/9 2525/5
2352/16 2354/5 2354/6
showed [14] 2319/14 2325/24
2354/23 2354/25 2355/15
2337/8 2337/23 2416/13
2356/21 2356/23 2357/22
2433/18 2435/5 2455/2 2469/3
2358/1 2358/2 2364/3 2364/3
2469/13 2475/15 2502/4
2364/6 2372/7 2375/7 2375/20 2504/16 2554/21
2391/12 2415/25 2416/3
showing [25] 2313/14 2314/2
2416/8 2420/22 2421/2
2315/3 2319/16 2335/17
2423/21 2423/21 2423/23
2337/6 2353/5 2353/9 2353/10
2427/5 2434/14 2435/15
2353/13 2372/24 2386/25
2438/10 2447/2 2447/16
2390/19 2395/1 2404/1
2448/6 2458/9 2459/11
2408/15 2420/17 2425/9
2472/24 2474/3 2474/4
2425/10 2433/10 2440/21
2474/23 2475/3 2475/9
2460/23 2475/8 2502/9
2475/16 2498/4 2498/20
2564/13
2498/22 2500/6 2501/6 2501/7 shown [7] 2309/8 2384/10
2501/8 2501/15 2501/17
2384/12 2391/1 2404/4
2501/18 2502/4 2502/4
2420/13 2475/13
2502/11 2502/16 2502/18
shows [13] 2359/21 2369/12
2502/25 2504/10 2505/4
2371/13 2381/9 2395/2 2401/8
2505/5 2505/11 2506/17
2402/10 2408/1 2415/16
2506/19 2506/24 2507/8
2449/3 2468/15 2469/8
2509/15 2513/10 2513/11
2557/12
2513/13 2516/11 2516/20
shut [6] 2347/1 2347/3 2373/2
2519/22 2523/11 2524/3
2373/4 2373/12 2373/13
2557/18 2558/6 2558/13
shutdown [1] 2347/4
2558/14 2559/17 2563/1
SIB [2] 2353/15 2428/2
2563/2 2563/21 2564/20
SIBL [17] 2327/14 2335/22
2569/16 2569/19 2570/12
2395/10 2395/11 2395/14
2570/23
2395/15 2432/21 2432/24
shareholder's [1] 2439/4
2554/3 2557/5 2557/8 2557/9
shareholders [2] 2332/17
2557/13 2562/10 2562/10
2542/2
2570/3 2570/5
shares [1] 2537/7
sic [1] 2325/2
sharing [1] 2338/1
side [12] 2311/20 2326/20
she [13] 2336/19 2349/24
2368/4 2385/21 2385/25
2404/5 2404/6 2457/7 2480/5
2406/9 2425/25 2430/17
2484/18 2492/25 2493/1
2432/7 2432/11 2456/15
2556/21 2556/23 2556/24
2456/15
2557/2
sidebar [1] 2457/18
sheet [4] 2311/3 2311/21
sight [1] 2419/10
2318/15 2364/1
sign [1] 2316/11
sheets [1] 2404/17
signature [2] 2379/25 2392/12
Shell [1] 2443/5
signed [6] 2309/1 2309/1
shift [1] 2457/2
2309/3 2392/14 2461/12
shifts [1] 2530/3
2517/23
shook [1] 2297/7
significant [5] 2322/15
shopping [1] 2296/22
2329/2 2397/4 2397/5 2423/22
short [4] 2470/17 2471/6
significantly [1] 2346/6
2472/8 2473/18
signing [1] 2414/15
shortly [4] 2300/2 2307/5
silver [2] 2409/19 2549/7
similar [6] 2365/21 2372/24

2438/13 2438/15 2442/7
2446/18
since [15] 2316/2 2324/21
2331/15 2341/3 2358/9 2406/9
2416/24 2438/9 2443/3
2449/22 2458/21 2465/13
2465/13 2528/9 2543/10
single [5] 2352/23 2390/4
2427/21 2501/14 2504/9
sir [85] 2300/13 2325/6
2325/23 2327/20 2328/5
2329/17 2336/6 2348/10
2348/25 2351/4 2356/3 2358/5
2363/19 2368/19 2412/8
2413/12 2428/19 2432/6
2432/16 2433/5 2435/7
2435/10 2435/20 2435/24
2436/2 2448/16 2449/9
2452/14 2453/18 2457/21
2459/4 2459/25 2463/15
2475/11 2478/13 2478/23
2482/23 2483/2 2483/9
2486/19 2486/22 2486/25
2487/22 2488/6 2488/7
2489/17 2489/19 2492/19
2492/22 2493/15 2499/9
2503/2 2504/19 2507/8
2519/16 2519/21 2526/4
2527/7 2529/12 2531/17
2536/12 2538/17 2538/22
2540/14 2543/15 2547/15
2550/2 2550/14 2551/17
2553/2 2554/4 2554/5 2554/18
2554/25 2555/25 2558/22
2560/7 2560/8 2560/22
2562/19 2566/23 2567/10
2567/21 2568/1 2568/5
sit [4] 2458/13 2461/9
2480/10 2481/10
sitting [2] 2565/9 2565/9
situated [1] 2328/1
situation [1] 2357/1
six [15] 2307/17 2383/16
2424/5 2477/20 2477/21
2478/4 2478/16 2480/16
2489/2 2489/25 2521/20
2527/4 2542/10 2542/16
2550/17
six-month [2] 2542/10 2542/16
sixty [1] 2374/10
sixty-five [1] 2374/10
size [9] 2298/18 2299/23
2372/3 2372/7 2442/19
2442/20 2452/17 2453/5
2564/17
skies [1] 2367/8
skill [1] 2495/16
skills [1] 2477/23
Skip [1] 2350/10
skyrocket [1] 2548/8
skyrocketing [1] 2527/21
Slow [1] 2530/10
small [5] 2352/7 2352/12
2419/13 2546/20 2547/24
smaller [4] 2389/13 2496/13
2496/13 2496/14
smart [1] 2525/19
so [264] 2297/4 2297/11
2297/21 2298/13 2299/16
2303/7 2304/24 2305/2
2306/22 2307/23 2308/8
2613
S
so... [253] 2310/3 2311/20
2312/15 2312/24 2313/25
2315/19 2319/5 2320/5
2320/15 2321/14 2322/3
2323/8 2324/12 2328/3 2328/8
2329/4 2329/8 2329/11
2329/18 2329/25 2330/10
2330/21 2331/4 2331/8 2332/7
2333/19 2334/5 2335/12
2335/17 2335/24 2336/1
2336/19 2341/14 2344/21
2347/22 2347/25 2349/9
2353/1 2353/19 2354/14
2356/23 2357/13 2359/14
2359/18 2361/22 2363/13
2364/23 2366/4 2368/20
2369/5 2369/21 2371/10
2371/12 2371/16 2372/23
2376/10 2377/9 2379/21
2381/2 2383/17 2384/1 2384/5
2384/14 2385/18 2388/19
2389/9 2391/17 2391/19
2392/3 2393/3 2395/7 2396/9
2397/10 2399/23 2401/11
2402/17 2404/3 2406/10
2407/22 2408/7 2409/24
2410/9 2410/16 2410/21
2416/5 2416/10 2417/22
2418/8 2421/6 2421/13 2422/7
2424/11 2425/12 2426/2
2427/13 2427/14 2428/9
2428/16 2430/4 2433/25
2434/9 2435/11 2436/21
2438/6 2439/18 2440/18
2441/19 2445/10 2449/3
2453/16 2453/22 2456/19
2457/5 2457/8 2458/11
2458/14 2459/2 2459/11
2460/16 2461/7 2462/19
2463/7 2464/1 2464/9 2466/24
2467/5 2467/9 2468/5 2468/7
2468/15 2469/6 2469/23
2471/19 2471/25 2472/10
2474/10 2474/11 2474/22
2475/7 2476/1 2477/12
2477/14 2481/5 2482/1
2482/17 2483/23 2483/25
2487/2 2487/9 2488/8 2489/11
2491/1 2494/2 2494/6 2494/20
2494/24 2495/21 2497/1
2497/9 2497/18 2497/21
2498/1 2498/12 2501/3
2501/20 2501/25 2502/22
2503/3 2503/12 2504/1
2504/11 2505/2 2505/18
2505/18 2506/23 2507/12
2507/15 2508/5 2509/7 2510/2
2511/13 2512/25 2513/6
2513/11 2515/1 2515/6
2515/14 2515/23 2516/21
2517/18 2518/24 2522/1
2522/15 2522/22 2522/23
2522/23 2523/16 2524/21
2525/11 2525/17 2525/25
2526/8 2526/15 2528/11
2531/20 2532/7 2532/11
2533/11 2534/19 2535/9
2535/14 2535/15 2536/5
2538/4 2538/18 2540/8
2541/19 2542/5 2543/25
2544/2 2545/18 2547/20

2547/21 2547/24 2548/18
2548/22 2550/20 2553/9
2553/13 2553/22 2553/25
2554/7 2555/5 2556/16
2556/23 2557/7 2558/4 2558/5
2558/18 2559/11 2561/13
2561/20 2562/8 2563/4
2563/24 2564/21 2565/22
2566/8 2566/16 2566/22
2567/18 2569/14 2570/2
SocGen [1] 2406/16
Societe [5] 2403/12 2403/14
2404/13 2406/15 2406/23
sold [6] 2373/12 2373/13
2473/25 2497/19 2539/8
2542/5
sole [7] 2318/16 2318/22
2318/23 2333/23 2364/3
2438/9 2536/1
solely [2] 2321/8 2370/10
solemnly [1] 2300/18
solution [1] 2341/14
some [85] 2300/4 2306/3
2306/5 2306/6 2307/18
2307/23 2307/25 2308/5
2317/11 2319/25 2335/1
2337/8 2341/18 2341/18
2344/16 2344/18 2349/14
2358/15 2358/16 2361/2
2371/24 2373/23 2377/21
2389/17 2390/22 2403/23
2406/14 2407/20 2412/24
2420/10 2426/20 2436/23
2441/17 2445/17 2453/23
2454/5 2457/1 2459/20 2461/1
2464/6 2464/7 2464/9 2465/17
2467/1 2470/24 2472/5
2473/23 2473/25 2481/14
2486/15 2490/2 2490/3
2494/11 2496/2 2515/8 2519/4
2519/5 2522/7 2522/24
2522/24 2522/25 2523/20
2523/21 2527/7 2527/13
2532/7 2532/13 2532/20
2533/15 2534/14 2534/22
2535/3 2541/10 2541/13
2542/9 2542/17 2542/18
2543/22 2544/12 2546/24
2558/5 2565/22 2567/24
2568/20 2570/11
somebody [8] 2387/22 2387/23
2480/20 2489/4 2490/15
2528/11 2555/6 2561/21
Somehow [1] 2508/14
someone [12] 2303/20 2304/10
2312/2 2313/11 2323/16
2329/11 2343/15 2374/3
2374/4 2410/11 2442/12
2456/23
someplace [1] 2466/21
something [62] 2316/5 2316/9
2361/10 2376/15 2393/9
2399/22 2410/16 2424/16
2454/23 2456/15 2467/17
2467/18 2473/24 2476/9
2476/22 2477/14 2481/6
2481/9 2483/6 2483/10
2483/25 2484/3 2484/8
2484/19 2485/21 2486/23
2487/19 2491/5 2493/6
2494/10 2499/20 2503/8
2507/12 2507/14 2508/12

2521/10 2521/22 2522/2
2528/12 2533/14 2534/21
2536/5 2538/8 2539/2 2541/20
2544/12 2547/24 2549/10
2559/20 2560/5 2560/6
2560/15 2561/13 2561/14
2561/15 2561/21 2564/4
2564/7 2564/23 2568/10
2570/21 2570/23
sometime [2] 2342/3 2451/10
sometimes [8] 2324/19 2324/20
2369/6 2463/1 2484/15 2489/6
2489/10 2519/6
somewhat [1] 2419/13
somewhere [12] 2299/16
2365/18 2365/19 2451/2
2465/24 2466/24 2481/23
2482/15 2494/11 2518/15
2541/6 2560/18
son [2] 2452/9 2452/11
soon [2] 2349/8 2415/11
Sorella [2] 2533/3 2533/8
sorry [16] 2297/9 2318/7
2323/22 2347/17 2375/13
2379/14 2384/15 2384/25
2393/10 2404/24 2405/21
2454/8 2479/23 2500/4 2549/3
2563/14
sort [2] 2491/1 2516/7
sorts [1] 2310/24
Sotto [1] 2454/7
sounded [1] 2391/20
source [2] 2505/19 2556/25
sources [3] 2529/24 2556/13
2556/20
south [11] 2327/2 2327/10
2327/16 2329/19 2329/23
2330/1 2332/2 2333/6 2348/9
2395/19 2528/2
SOUTHERN [4] 2293/1 2300/1
2300/6 2300/7
speaking [1] 2320/1
special [4] 2479/18 2482/18
2516/14 2557/24
specific [3] 2472/15 2497/11
2497/13
specifically [6] 2369/21
2373/25 2497/1 2507/21
2532/21 2560/25
specifics [1] 2419/10
specify [1] 2570/16
speculation [2] 2391/21
2414/18
spell [1] 2301/6
spelling [1] 2317/22
spend [1] 2430/13
spending [7] 2337/10 2367/4
2376/11 2422/19 2423/3
2564/14 2566/3
spent [11] 2375/22 2376/3
2376/6 2376/14 2386/18
2389/6 2389/10 2546/21
2546/25 2547/1 2547/21
spite [1] 2493/4
split [1] 2300/5
spoke [1] 2449/14
spoken [1] 2486/24
sponsored [1] 2366/17
sports [3] 2361/9 2526/8
2526/12
spouse [1] 2541/16
2614
2524/14 2524/15 2530/22

S
2567/4 2567/5
spread [1] 2541/21
states [11] 2293/1 2293/3
spreadsheet [5] 2369/25
2293/8 2300/14 2360/5
2419/12 2420/11 2436/10
2390/13 2393/20 2456/16
2498/3
2527/17 2539/16 2557/13
spreadsheets [1] 2351/17
stating [1] 2314/14
Stacey [1] 2480/3
stationed [1] 2328/9
staff [3] 2298/15 2299/16
stay [2] 2462/22 2470/24
2454/7
stayed [2] 2314/7 2496/2
stand [4] 2330/8 2456/9
stealing [1] 2332/10
2458/1 2540/4
Stellmach [1] 2293/14
standard [2] 2308/20 2308/22 stenography [1] 2293/23
standards [1] 2309/15
step [3] 2328/8 2328/8
standing [3] 2368/4 2409/14
2493/18
2463/6
stepping [1] 2399/20
stands [2] 2419/3 2419/5
steps [2] 2428/4 2428/7
STANFORD [398]
sterling [6] 2409/15 2409/15
Stanford's [39] 2320/21
2409/18 2409/19 2409/20
2325/25 2332/3 2333/12
2438/7
2338/19 2357/6 2357/10
stick [6] 2459/1 2459/2
2358/12 2364/18 2374/20
2459/16 2459/17 2471/7
2381/13 2383/22 2386/10
2496/13
2387/7 2388/3 2392/7 2393/1 Sticky [9] 2360/25 2361/3
2393/2 2393/14 2399/8 2417/8 2361/5 2361/8 2361/13
2418/22 2420/2 2422/12
2361/18 2362/21 2363/10
2423/18 2434/22 2447/5
2386/13
2448/9 2448/25 2466/5
still [22] 2304/7 2355/9
2468/22 2469/7 2495/16
2355/16 2355/17 2370/23
2509/8 2509/14 2515/22
2374/4 2386/16 2390/19
2542/24 2545/11 2554/22
2397/13 2433/13 2453/16
Star [23] 2302/15 2303/3
2455/16 2462/13 2483/23
2305/13 2305/15 2328/25
2484/1 2485/21 2486/13
2331/8 2346/2 2346/2 2348/5
2486/17 2492/20 2493/2
2349/5 2350/15 2360/1 2360/2 2496/20 2516/12
2360/4 2360/5 2360/7 2367/1 stock [5] 2442/25 2443/6
2367/8 2372/19 2372/23
2536/18 2537/7 2537/7
2373/2 2373/5 2374/3
stockholders [1] 2540/24
start [14] 2323/16 2323/21
stocks [9] 2315/21 2443/4
2323/23 2323/24 2325/9
2443/9 2534/3 2536/19
2328/18 2328/19 2341/14
2536/24 2537/3 2537/5
2344/11 2344/21 2405/16
2538/14
2489/12 2492/11 2512/23
stood [1] 2400/6
started [20] 2304/16 2333/16 stop [6] 2310/1 2396/9 2399/5
2336/7 2340/5 2381/12
2450/6 2454/4 2503/4
2442/21 2451/18 2463/4
stopped [2] 2420/16 2471/14
2464/22 2471/13 2492/16
store [1] 2549/8
2514/20 2520/10 2522/6
stored [1] 2494/4
2522/23 2528/2 2530/19
storing [1] 2495/21
2534/25 2535/1 2535/17
story [3] 2482/21 2486/21
starting [4] 2305/20 2307/5
2522/20
2327/9 2427/25
straight [4] 2468/7 2476/6
starts [1] 2415/16
2484/17 2517/22
startup [7] 2519/2 2519/5
straighten [3] 2499/21 2507/9
2520/6 2520/8 2523/17
2510/20
2523/19 2532/3
Street [2] 2293/20 2294/10
startups [1] 2442/20
strength [1] 2428/4
state [6] 2298/13 2300/3
strengthen [2] 2433/4 2434/10
2406/7 2406/7 2527/16
strengthened [2] 2318/18
2527/25
2319/11
statement [11] 2321/18
stricken [1] 2436/6
2321/22 2387/14 2405/19
strong [7] 2318/14 2318/15
2411/22 2420/8 2454/11
2318/15 2399/21 2399/23
2535/22 2566/16 2567/12
2400/1 2428/2
2570/17
structure [1] 2536/2
statements [25] 2309/14
studied [1] 2301/12
2309/25 2310/12 2310/15
studies [2] 2443/20 2530/3
2310/18 2313/13 2313/13
study [1] 2419/17
2314/2 2314/10 2314/21
stuff [4] 2491/19 2495/17
2315/2 2315/7 2315/13 2332/5 2515/24 2516/7
2384/7 2387/16 2387/19
stupid [3] 2458/24 2458/24
2412/14 2450/13 2462/10
2463/6
subject [3] 2346/1 2356/20

2397/13
submit [1] 2417/17
submitted [1] 2417/11
subsequent [1] 2471/17
substantive [1] 2326/9
success [4] 2529/7 2529/10
2529/15 2529/17
successful [3] 2526/8 2533/17
2533/17
such [4] 2305/10 2498/10
2520/1 2534/14
sufficient [1] 2350/13
suggested [1] 2478/15
suggesting [1] 2479/19
suggestion [1] 2398/16
sum [1] 2379/17
summary [2] 2421/24 2452/23
Sun [30] 2302/15 2303/3
2305/13 2305/14 2328/25
2329/4 2329/5 2329/11 2331/2
2331/3 2331/4 2331/8 2346/2
2346/2 2348/4 2349/5 2350/15
2354/12 2355/23 2359/18
2360/2 2360/4 2363/17
2364/10 2367/9 2372/18
2372/22 2373/2 2373/5 2374/3
Superbowl [1] 2419/15
supervised [1] 2302/4
supervising [1] 2463/10
supervisor [3] 2301/21 2391/7
2395/25
supervisors [3] 2325/13
2325/14 2338/24
supplies [1] 2529/24
support [7] 2306/14 2306/15
2313/6 2321/12 2463/1 2463/5
2567/5
suppose [1] 2521/19
supposed [10] 2340/20 2341/1
2380/24 2432/23 2484/17
2498/5 2498/25 2503/7
2503/14 2521/2
supposedly [7] 2313/22
2382/13 2385/15 2392/8
2396/20 2397/1 2426/21
Supreme [1] 2299/13
sure [21] 2317/20 2317/21
2331/24 2377/24 2456/10
2476/7 2488/14 2493/17
2495/13 2496/15 2499/14
2500/2 2503/5 2509/19
2521/15 2526/23 2535/11
2540/3 2543/24 2567/2
2568/13
surplus [1] 2426/4
surprised [3] 2413/3 2450/15
2450/17
surrounding [1] 2316/15
survive [1] 2329/10
sustain [1] 2368/22
sustained [15] 2338/6 2340/23
2343/3 2344/3 2346/16
2372/13 2375/25 2413/5
2414/19 2452/25 2453/9
2464/24 2483/15 2487/16
2521/6
swear [1] 2300/18
Swiss [18] 2403/9 2403/21
2404/4 2405/11 2406/21
2408/16 2408/19 2409/1
2410/21 2410/25 2411/1
2615
S
Swiss... [7] 2411/8 2412/12
2412/21 2413/8 2551/21
2552/3 2554/22
switch [4] 2352/11 2356/5
2401/19 2405/20
Switzerland [4] 2403/12
2403/15 2407/12 2407/17
system [3] 2306/4 2309/10
2309/18
systems [2] 2301/13 2305/16
T
table [1] 2458/8
tailor [1] 2561/11
take [41] 2298/13 2316/5
2328/22 2328/22 2346/10
2353/1 2362/7 2362/11 2367/7
2376/23 2392/17 2408/10
2417/10 2428/5 2435/8
2436/17 2455/15 2457/7
2458/19 2458/21 2462/15
2466/21 2470/15 2481/23
2484/22 2484/24 2485/3
2495/6 2496/18 2501/1 2501/2
2505/24 2526/21 2528/22
2535/21 2538/5 2540/5 2541/5
2546/14 2553/22 2558/9
taken [20] 2341/1 2355/13
2359/18 2360/7 2360/11
2361/24 2362/13 2375/3
2377/9 2382/19 2415/1
2428/10 2452/20 2456/22
2469/7 2475/16 2485/5 2523/9
2526/24 2558/1
taker [1] 2522/4
takes [4] 2298/11 2522/1
2541/4 2541/19
taking [17] 2319/6 2320/5
2320/7 2322/23 2324/3 2332/9
2361/14 2388/5 2427/1 2428/3
2461/5 2468/8 2506/13
2506/24 2521/24 2523/10
2556/23
talk [38] 2296/11 2311/8
2311/23 2322/13 2322/22
2329/4 2337/11 2353/25
2358/12 2449/13 2449/20
2467/20 2470/24 2471/20
2476/12 2480/10 2480/12
2481/10 2487/4 2493/3 2505/7
2506/6 2506/11 2507/23
2521/23 2530/14 2531/14
2534/5 2545/4 2549/20
2555/10 2560/15 2563/2
2563/5 2563/8 2564/19
2565/10 2570/14
talked [34] 2297/10 2312/18
2313/9 2328/25 2339/24
2358/9 2363/3 2406/15
2422/17 2423/22 2452/4
2471/4 2471/20 2471/23
2473/6 2473/15 2475/19
2477/18 2486/20 2487/2
2487/6 2493/21 2499/24
2501/19 2507/22 2538/6
2538/9 2553/21 2555/16
2564/16 2564/16 2567/22
2569/14 2570/2
talking [56] 2306/8 2310/22
2320/2 2327/25 2344/25
2362/21 2384/8 2390/12

2391/12 2406/2 2411/22
2434/21 2442/19 2454/5
2457/13 2460/11 2468/21
2468/23 2468/24 2469/6
2469/24 2476/2 2489/15
2493/25 2501/20 2505/23
2506/7 2508/5 2509/12
2511/21 2512/9 2518/14
2519/22 2524/3 2524/5 2524/8
2530/25 2533/23 2535/1
2544/1 2545/9 2546/15
2546/23 2547/11 2547/18
2549/4 2549/5 2549/21
2557/16 2560/17 2560/21
2564/25 2566/17 2566/19
2567/25 2568/21
talks [3] 2322/5 2322/25
2373/3
tasked [4] 2324/15 2556/17
2563/20 2563/20
taxable [3] 2508/10 2508/11
2518/25
taxpayers [1] 2428/3
team [6] 2367/17 2424/1
2445/16 2478/14 2535/21
2563/8
technician [1] 2415/4
technology [1] 2546/22
television [1] 2367/5
tell [58] 2296/13 2301/11
2304/4 2305/4 2329/5 2339/9
2339/13 2342/22 2342/22
2345/14 2374/23 2405/10
2410/14 2416/21 2449/23
2449/25 2452/8 2460/13
2467/10 2471/19 2471/22
2472/12 2473/6 2477/17
2478/8 2480/11 2480/24
2481/11 2481/13 2482/21
2482/23 2483/5 2483/8
2484/15 2485/17 2485/24
2486/10 2490/12 2494/2
2502/12 2504/11 2506/12
2511/24 2512/20 2513/23
2514/7 2514/16 2515/10
2517/1 2517/2 2520/1 2520/4
2522/15 2524/1 2549/3
2549/24 2553/18 2561/10
telling [18] 2357/18 2394/17
2436/4 2478/4 2487/11 2500/5
2500/8 2501/4 2502/15
2503/14 2511/6 2511/13
2518/6 2545/10 2545/13
2549/15 2556/1 2563/25
temporarily [1] 2355/12
term [10] 2310/17 2327/12
2354/7 2399/11 2406/16
2444/6 2445/3 2461/18
2520/19 2520/20
terminology [1] 2476/4
terms [14] 2311/23 2324/10
2342/25 2355/16 2418/6
2427/3 2431/16 2525/9
2542/12 2542/13 2542/15
2547/18 2560/11 2560/12
terrified [1] 2480/20
test [5] 2310/14 2310/17
2310/20 2313/10 2313/11
tested [2] 2310/23 2314/3
testified [6] 2301/1 2404/25
2474/25 2481/3 2482/3
2530/18
testify [3] 2465/9 2465/12
2483/10
testifying [5] 2314/15
2488/21 2548/15 2548/17
2551/17
testimony [5] 2300/18 2436/5
2467/25 2492/20 2571/5
testing [5] 2311/20 2313/10
2314/11 2314/15 2392/8
tests [2] 2310/11 2310/17
Tex [1] 2526/6
Texans [2] 2526/7 2526/9
TEXAS [10] 2293/1 2293/4
2294/11 2300/1 2300/3 2300/5
2300/8 2408/23 2411/4
2411/11
than [37] 2299/17 2312/12
2320/7 2330/18 2334/16
2365/18 2377/6 2388/14
2389/15 2408/5 2408/7
2426/12 2439/13 2445/8
2461/7 2463/24 2466/24
2470/22 2471/11 2476/25
2483/10 2487/4 2489/10
2495/2 2495/7 2496/13
2498/13 2508/15 2522/24
2525/14 2525/14 2525/18
2525/24 2531/3 2541/20
2555/6 2567/18
Thank [22] 2300/14 2300/22
2362/16 2362/18 2369/10
2385/3 2401/4 2415/3 2415/13
2447/14 2455/4 2457/24
2458/13 2465/8 2485/8
2493/11 2509/4 2509/20
2540/10 2549/12 2571/3
2571/10
that [1743]
that's [263] 2296/15 2298/12
2299/25 2300/11 2307/4
2309/7 2311/5 2311/7 2311/12
2311/14 2311/22 2312/22
2313/3 2316/8 2318/14
2318/19 2319/10 2319/12
2319/20 2323/2 2323/18
2324/17 2326/1 2326/9
2327/18 2328/16 2329/20
2332/12 2332/14 2333/11
2341/8 2345/11 2347/17
2347/22 2348/12 2352/9
2352/23 2353/10 2355/2
2357/4 2357/12 2359/7
2359/10 2360/6 2363/3 2363/5
2364/25 2366/4 2368/6 2369/4
2369/15 2370/13 2371/15
2373/3 2380/17 2380/18
2381/7 2381/11 2382/11
2384/11 2384/13 2388/23
2389/1 2389/4 2389/8 2394/20
2394/21 2396/12 2396/17
2397/6 2398/14 2400/17
2403/20 2404/24 2405/22
2406/21 2407/12 2407/25
2408/9 2409/1 2411/3 2411/13
2413/13 2414/21 2415/19
2416/11 2416/17 2417/15
2418/10 2418/16 2418/23
2419/20 2419/24 2421/8
2422/20 2425/5 2425/6
2426/12 2426/14 2428/15
2429/24 2431/18 2432/3
2616
T
that's... [160] 2432/22
2432/24 2432/25 2435/13
2435/16 2437/17 2439/4
2439/12 2439/20 2441/4
2443/11 2443/13 2445/5
2447/20 2447/20 2448/11
2450/14 2452/24 2456/14
2456/19 2456/21 2457/4
2458/6 2459/9 2460/7 2460/25
2461/8 2462/14 2463/8
2463/13 2466/6 2467/18
2471/21 2471/23 2474/5
2474/13 2476/24 2477/25
2478/23 2480/7 2480/15
2480/19 2481/16 2483/10
2483/22 2483/25 2485/23
2488/16 2488/18 2488/25
2489/22 2489/24 2490/6
2491/1 2491/2 2491/4 2491/9
2491/20 2493/9 2493/11
2495/12 2496/11 2497/3
2497/17 2499/2 2500/3
2500/13 2502/21 2504/24
2505/1 2505/23 2506/4 2506/8
2506/10 2506/15 2507/16
2508/6 2510/13 2510/20
2510/25 2511/17 2511/23
2512/1 2513/5 2513/14
2515/14 2515/20 2516/4
2516/5 2516/23 2518/2 2518/5
2518/11 2521/18 2521/19
2522/1 2522/13 2522/20
2525/6 2525/18 2525/21
2527/15 2528/3 2528/10
2528/11 2528/21 2531/11
2531/22 2532/2 2532/10
2532/14 2532/24 2535/6
2535/8 2535/13 2537/25
2538/2 2539/4 2540/20
2540/23 2540/25 2541/6
2541/9 2541/21 2542/4 2542/8
2542/19 2543/1 2544/1
2544/17 2547/19 2550/12
2551/25 2552/6 2552/7 2553/6
2554/20 2555/3 2556/22
2556/24 2557/3 2557/22
2558/22 2559/10 2559/22
2560/24 2561/11 2563/18
2563/23 2563/24 2565/4
2565/19 2566/4 2566/17
2567/2 2567/2 2568/13
2570/11 2570/16 2571/2
the -- you [1] 2456/16
their [43] 2298/16 2302/12
2312/6 2316/6 2323/3 2325/1
2349/11 2373/22 2378/2
2445/18 2445/22 2452/8
2481/11 2481/13 2483/11
2487/11 2505/8 2505/11
2506/9 2522/12 2523/23
2523/25 2529/23 2529/23
2529/24 2529/25 2529/25
2530/5 2530/9 2539/6 2539/11
2540/12 2541/13 2542/6
2542/9 2542/12 2542/25
2544/2 2545/5 2545/5 2551/2
2559/2 2559/25
Theirs [1] 2318/14
them [96] 2300/3 2300/4
2305/16 2319/7 2335/1
2338/25 2339/1 2341/18

2341/18 2351/8 2351/13
2352/24 2358/9 2378/12
2391/4 2406/8 2412/24
2412/24 2419/9 2423/24
2450/23 2450/24 2460/13
2460/15 2460/23 2466/10
2466/16 2466/19 2466/21
2466/24 2467/1 2467/10
2467/18 2469/25 2470/11
2471/3 2471/4 2471/6 2471/14
2471/19 2471/20 2472/11
2472/12 2473/15 2473/21
2477/17 2480/10 2480/11
2481/11 2481/12 2481/13
2482/22 2483/1 2485/17
2486/24 2487/10 2494/13
2495/11 2497/6 2500/2
2501/25 2502/12 2502/15
2502/20 2512/20 2515/9
2519/4 2519/5 2521/15
2522/24 2522/24 2522/25
2523/1 2523/2 2523/14
2523/19 2523/20 2523/20
2523/21 2526/1 2526/14
2527/12 2527/13 2527/13
2529/19 2535/9 2535/23
2535/23 2540/17 2541/6
2548/1 2551/7 2556/11 2558/2
2559/23 2565/15
themselves [2] 2336/12 2511/7
then [99] 2300/3 2300/5
2304/12 2309/23 2311/6
2317/17 2325/10 2330/22
2330/24 2333/19 2343/13
2352/4 2353/22 2355/12
2355/14 2359/21 2362/12
2367/2 2371/16 2381/5 2381/8
2385/10 2385/14 2385/24
2388/8 2389/13 2389/24
2398/14 2399/19 2410/4
2415/17 2415/20 2420/8
2420/15 2424/21 2431/9
2431/19 2432/23 2436/19
2438/11 2441/5 2441/21
2442/8 2444/14 2448/12
2449/3 2450/12 2451/15
2458/10 2460/23 2462/3
2463/11 2466/10 2466/20
2468/13 2469/10 2470/19
2471/23 2476/16 2480/5
2480/8 2481/12 2487/1
2492/12 2493/2 2494/12
2495/1 2497/9 2497/20 2498/3
2498/8 2498/9 2506/20 2508/2
2512/20 2515/3 2515/15
2517/16 2524/18 2524/20
2524/23 2525/7 2526/15
2527/22 2527/25 2536/13
2538/2 2541/5 2546/25 2547/7
2547/22 2554/21 2557/2
2558/3 2565/5 2568/11
2568/16 2570/5 2570/12
Theoretically [1] 2440/4
theory [10] 2331/21 2332/7
2440/5 2456/13 2482/24
2483/3 2483/11 2487/11
2487/14 2519/14
there [272] 2297/7 2297/12
2297/17 2300/8 2301/20
2301/24 2302/15 2304/8
2305/23 2305/25 2307/10
2307/18 2307/20 2307/23

2308/8 2309/8 2310/1 2311/16
2311/19 2312/6 2312/7 2312/9
2316/5 2316/9 2316/19
2316/22 2319/8 2320/11
2321/25 2322/10 2322/15
2322/17 2322/17 2323/5
2323/8 2324/6 2324/20 2325/3
2330/5 2330/15 2331/15
2331/16 2331/16 2334/1
2334/6 2339/24 2339/25
2340/4 2340/11 2342/6
2342/20 2342/21 2344/16
2344/18 2349/22 2353/1
2357/20 2360/24 2362/23
2363/21 2364/19 2364/21
2365/13 2365/14 2367/11
2368/21 2369/19 2369/24
2373/23 2373/23 2375/17
2375/20 2376/2 2376/25
2379/2 2381/16 2382/17
2385/5 2386/16 2386/17
2388/8 2389/2 2389/11
2390/18 2392/12 2394/1
2394/24 2395/23 2396/9
2398/19 2399/5 2400/3
2402/12 2403/12 2403/18
2407/22 2410/5 2413/20
2415/20 2415/24 2416/19
2419/9 2420/12 2420/25
2421/6 2422/5 2423/4 2423/12
2424/3 2424/5 2424/18
2425/12 2426/23 2426/25
2427/8 2427/9 2431/19
2431/22 2432/11 2432/13
2432/21 2434/14 2435/17
2435/25 2437/11 2437/24
2438/24 2439/15 2439/15
2439/18 2441/7 2443/24
2445/9 2445/13 2445/16
2446/10 2446/14 2446/18
2446/19 2448/1 2448/1
2448/12 2448/14 2448/22
2449/11 2449/20 2450/6
2450/7 2451/2 2451/24 2453/6
2453/22 2453/24 2454/17
2461/12 2461/14 2462/1
2462/18 2462/18 2462/23
2463/9 2467/5 2467/7 2467/9
2469/2 2470/24 2471/1 2471/7
2471/12 2472/13 2472/15
2472/16 2473/18 2476/9
2476/10 2477/9 2477/10
2477/12 2478/6 2484/20
2487/3 2489/2 2489/25 2490/5
2495/21 2495/23 2496/2
2496/16 2497/21 2497/22
2500/14 2500/17 2500/24
2502/9 2503/6 2503/22 2504/7
2504/9 2504/15 2504/21
2507/1 2507/2 2507/3 2507/3
2507/13 2507/20 2509/24
2510/3 2510/5 2510/10
2510/11 2510/18 2510/18
2510/23 2511/10 2512/25
2513/9 2513/21 2513/22
2514/8 2514/9 2514/19
2514/20 2515/3 2515/13
2515/17 2515/22 2516/24
2517/15 2520/1 2521/13
2521/20 2522/13 2527/2
2527/5 2527/8 2527/11
2617
T
there... [35] 2527/14 2529/19
2530/15 2530/15 2533/14
2534/11 2535/15 2543/2
2543/3 2549/5 2549/6 2549/7
2549/14 2549/16 2550/9
2550/20 2550/22 2550/24
2550/25 2551/9 2551/10
2552/7 2552/14 2552/14
2554/13 2554/14 2556/25
2558/5 2558/12 2558/19
2563/9 2564/14 2565/9
2565/10 2565/12
there's [43] 2297/4 2298/14
2310/4 2316/11 2322/22
2330/5 2357/20 2370/1
2398/14 2420/24 2436/14
2439/7 2443/16 2443/20
2454/10 2457/1 2462/17
2468/16 2482/1 2483/19
2499/3 2504/16 2508/2
2510/17 2510/19 2521/10
2521/13 2524/18 2524/20
2524/25 2525/3 2525/4 2525/7
2525/12 2525/12 2525/23
2526/21 2542/14 2542/15
2542/17 2548/1 2558/4 2571/7
there's no [6] 2297/4 2357/20
2370/1 2462/17 2482/1
2483/19
thereafter [1] 2299/16
therefore [4] 2321/12 2503/8
2504/13 2532/8
these [165] 2299/3 2302/14
2303/3 2315/21 2324/22
2325/1 2331/25 2332/25
2333/3 2335/12 2335/17
2335/21 2336/1 2337/14
2341/14 2344/10 2346/21
2346/24 2347/8 2347/9
2347/13 2347/20 2349/12
2349/19 2350/5 2351/11
2351/16 2351/17 2352/6
2352/12 2354/20 2355/23
2358/12 2359/14 2359/14
2359/15 2360/10 2360/16
2364/4 2367/12 2368/7
2368/14 2370/10 2370/19
2372/25 2374/8 2377/10
2381/14 2381/14 2382/7
2382/18 2387/12 2389/18
2389/19 2391/3 2392/5 2392/8
2392/14 2393/18 2396/14
2403/7 2410/9 2412/21 2414/9
2415/20 2415/25 2416/14
2416/19 2418/3 2420/13
2420/17 2421/6 2421/10
2423/3 2423/7 2423/13
2423/15 2423/21 2433/10
2433/11 2435/6 2442/14
2442/14 2442/16 2443/14
2444/11 2445/7 2445/11
2445/18 2446/8 2447/4
2450/15 2462/21 2463/9
2463/23 2475/7 2475/8 2483/5
2483/11 2486/14 2492/11
2499/13 2502/25 2505/2
2505/3 2506/20 2511/20
2511/25 2512/21 2513/1
2516/11 2516/15 2516/15
2518/14 2518/17 2518/19
2518/20 2518/24 2519/2

2519/21 2519/23 2520/2
2520/3 2520/8 2522/7 2522/23
2523/7 2523/9 2523/12
2523/13 2523/22 2524/5
2524/5 2524/11 2526/24
2527/2 2527/5 2527/7 2527/7
2528/24 2529/3 2529/7
2529/11 2529/15 2529/22
2530/4 2530/22 2530/25
2531/3 2532/15 2532/21
2534/3 2534/24 2535/3 2535/7
2535/22 2543/13 2543/21
2556/13 2562/7 2563/10
2566/2 2569/20 2569/25
2570/10
they [249] 2296/22 2296/23
2298/16 2300/5 2302/11
2302/24 2303/4 2303/6 2303/7
2304/18 2306/4 2307/25
2310/11 2312/16 2314/23
2315/5 2317/15 2317/15
2317/16 2319/21 2322/19
2325/13 2329/2 2329/3 2329/8
2329/10 2329/12 2329/14
2330/25 2331/1 2334/8
2335/14 2335/14 2336/15
2337/2 2341/25 2343/11
2344/15 2346/7 2346/22
2347/3 2351/10 2352/25
2354/13 2355/17 2366/8
2373/13 2373/16 2373/22
2377/17 2390/5 2395/25
2398/18 2403/5 2414/14
2416/8 2419/11 2429/13
2430/21 2431/3 2437/7 2437/8
2438/6 2440/20 2440/23
2442/15 2442/21 2443/20
2444/25 2445/18 2445/20
2445/22 2455/19 2456/18
2457/2 2458/21 2458/21
2459/14 2460/9 2460/12
2460/15 2465/24 2466/7
2466/7 2466/9 2466/15
2466/17 2467/12 2467/14
2467/14 2467/20 2468/24
2469/11 2469/22 2470/9
2470/9 2470/10 2470/13
2470/14 2470/15 2470/19
2470/20 2470/21 2471/12
2471/13 2473/16 2474/22
2476/21 2476/22 2477/5
2477/9 2477/10 2477/10
2477/11 2477/12 2478/9
2479/15 2480/25 2481/11
2481/19 2483/6 2484/1
2486/15 2486/17 2486/17
2487/12 2487/19 2488/1
2489/11 2495/24 2497/7
2499/25 2500/19 2500/22
2501/24 2501/24 2501/25
2502/3 2502/4 2502/5 2502/7
2502/7 2505/5 2505/6 2505/10
2505/13 2505/18 2506/7
2506/21 2506/21 2507/4
2508/17 2511/8 2511/11
2514/17 2514/24 2515/1
2515/6 2515/7 2515/14 2516/4
2516/14 2516/21 2519/3
2519/6 2520/3 2520/6 2520/6
2520/6 2520/7 2520/8 2521/8
2521/9 2521/14 2522/11
2522/15 2522/17 2522/18

2522/18 2523/12 2523/16
2523/17 2523/17 2527/9
2528/20 2528/20 2529/19
2529/23 2530/5 2530/6
2531/14 2531/17 2531/20
2531/22 2532/1 2532/7
2532/22 2532/25 2533/4
2533/7 2533/24 2534/3 2538/4
2538/13 2538/20 2539/14
2539/15 2539/17 2539/18
2540/22 2541/1 2541/4 2541/5
2541/16 2541/19 2541/20
2541/24 2542/1 2542/6 2542/7
2542/11 2542/12 2543/22
2543/23 2543/24 2544/2
2547/13 2547/25 2550/4
2553/21 2553/22 2553/23
2556/12 2557/10 2558/3
2558/3 2558/9 2558/10
2558/15 2558/19 2559/3
2559/4 2559/17 2559/20
2559/21 2559/25 2560/4
2565/11 2569/25
they'll [1] 2481/13
they're [30] 2314/1 2332/24
2374/6 2391/14 2391/15
2394/1 2403/1 2406/2 2437/10
2442/16 2442/20 2442/20
2442/22 2443/3 2443/3
2443/21 2443/21 2444/4
2481/12 2482/20 2503/8
2507/24 2507/24 2510/14
2521/2 2523/10 2526/15
2540/24 2550/3 2558/25
thing [14] 2327/3 2342/24
2347/12 2347/20 2450/7
2469/17 2483/20 2496/14
2512/8 2541/23 2549/7
2557/10 2561/21 2569/11
things [17] 2317/22 2336/1
2339/3 2359/12 2382/9
2472/13 2481/15 2487/2
2487/4 2488/22 2488/23
2516/3 2525/23 2529/3
2547/14 2563/21 2563/21
think [74] 2297/14 2297/15
2297/16 2299/7 2299/12
2305/24 2315/6 2322/9 2322/9
2328/22 2331/23 2350/23
2364/21 2365/21 2368/16
2369/16 2373/19 2374/2
2393/8 2396/25 2410/6 2410/8
2410/11 2414/20 2422/3
2424/5 2427/14 2435/13
2446/23 2447/11 2447/11
2451/10 2463/14 2463/16
2463/16 2463/23 2464/6
2464/11 2464/19 2469/6
2469/22 2478/1 2478/5 2479/8
2479/14 2480/18 2483/5
2483/11 2484/1 2486/15
2487/19 2488/1 2489/1
2489/14 2489/21 2489/23
2492/6 2496/5 2498/12
2505/21 2507/13 2507/16
2516/12 2517/21 2533/11
2536/1 2552/3 2555/5 2560/13
2564/5 2564/11 2568/12
2569/10 2571/3
thinks [1] 2488/11
third [7] 2298/13 2309/5
2618
T
third... [5] 2365/1 2400/18
2444/9 2445/4 2445/7
thirty [2] 2374/10 2383/16
thirty-five [1] 2383/16
thirty-four [1] 2374/10
this [436]
those [139] 2306/17 2306/20
2307/18 2309/5 2309/20
2311/10 2312/1 2312/19
2313/14 2313/16 2313/25
2314/2 2314/10 2314/20
2315/3 2315/7 2316/13
2319/20 2319/25 2323/1
2323/8 2328/24 2330/18
2331/1 2336/19 2336/19
2341/23 2342/24 2344/14
2344/17 2350/23 2351/6
2351/13 2351/23 2352/2
2353/19 2358/15 2361/3
2364/24 2369/8 2370/1 2370/5
2373/3 2373/16 2374/3
2374/19 2374/19 2375/11
2377/14 2377/17 2377/20
2378/2 2378/3 2381/16 2382/5
2384/2 2384/7 2384/21
2386/20 2387/10 2387/19
2388/24 2390/4 2396/15
2399/7 2402/4 2402/20
2402/22 2404/8 2406/5 2406/6
2408/22 2409/1 2411/5
2414/16 2416/5 2416/7 2417/5
2417/16 2417/18 2419/11
2419/18 2420/10 2421/9
2421/17 2422/21 2430/19
2431/1 2431/5 2437/5 2437/10
2438/6 2438/11 2439/11
2440/22 2441/1 2441/17
2441/19 2441/23 2443/4
2443/18 2443/18 2443/21
2444/15 2444/17 2444/23
2444/24 2445/23 2446/24
2449/10 2454/23 2455/11
2462/23 2468/25 2475/9
2478/15 2479/3 2494/14
2498/10 2511/11 2513/7
2513/15 2514/4 2515/4 2515/8
2515/23 2515/23 2515/23
2515/24 2531/5 2532/4 2532/5
2534/4 2543/5 2543/12 2550/6
2552/13 2554/6 2565/7
though [16] 2300/7 2339/2
2365/20 2445/20 2446/12
2450/21 2463/4 2473/3
2473/11 2473/21 2476/8
2477/1 2493/6 2508/8 2551/24
2565/11
thought [20] 2321/21 2397/5
2402/19 2404/25 2411/10
2425/12 2450/8 2458/21
2478/9 2480/17 2480/25
2481/2 2496/24 2524/12
2530/18 2561/7 2561/8
2561/21 2565/20 2569/8
thousands [1] 2482/11
threat [1] 2480/8
threatened [7] 2479/7 2479/9
2479/9 2479/10 2479/11
2479/13 2479/14
three [6] 2322/21 2364/21
2430/14 2514/13 2516/15
2542/10
thrilled [1] 2372/9
through [35] 2314/7 2318/20
2320/13 2328/8 2336/1
2350/20 2353/17 2359/19
2360/16 2361/4 2373/23
2390/4 2390/25 2393/12
2395/1 2403/23 2406/11
2425/18 2432/14 2438/20
2455/1 2475/5 2475/16
2494/21 2494/23 2495/5
2497/5 2497/8 2499/4 2509/15
2515/4 2517/18 2518/24
2528/25 2552/13
throw [1] 2480/21
thumb [2] 2496/10 2496/16
tickets [1] 2419/15
till [1] 2466/16
time [107] 2302/16 2303/22
2303/24 2304/6 2304/13
2304/15 2304/19 2307/25
2316/22 2319/13 2320/20
2322/9 2322/18 2326/10
2331/23 2331/23 2333/20
2340/4 2340/11 2342/1 2342/4
2342/20 2342/22 2343/1
2346/6 2346/25 2354/18
2362/8 2367/11 2371/4 2377/7
2377/21 2377/21 2378/4
2378/5 2379/5 2379/17
2379/17 2384/15 2393/6
2394/1 2396/13 2403/6
2403/11 2406/4 2408/14
2411/3 2411/7 2412/24
2414/25 2421/20 2422/14
2424/3 2426/5 2428/20
2430/12 2430/13 2439/1
2439/7 2440/18 2449/11
2451/12 2451/15 2452/1
2452/16 2456/17 2457/10
2457/10 2459/11 2465/16
2465/17 2467/5 2467/8 2469/4
2470/25 2472/9 2472/15
2478/21 2478/21 2480/4
2480/24 2485/4 2499/23
2500/16 2501/20 2507/9
2514/19 2514/19 2521/3
2521/9 2521/9 2539/5 2540/18
2541/1 2542/23 2543/14
2543/15 2544/18 2547/1
2547/21 2560/6 2564/11
2567/16 2567/17 2567/17
2568/4 2568/11
timely [1] 2446/14
times [16] 2362/2 2390/9
2390/11 2390/12 2390/13
2410/9 2410/16 2437/21
2484/21 2508/20 2525/17
2529/2 2529/3 2529/6 2563/10
2564/3
title [4] 2352/15 2490/18
2490/22 2532/8
TNB [2] 2403/2 2403/2
today [17] 2296/16 2298/6
2378/20 2442/12 2443/6
2465/7 2482/3 2487/2 2487/4
2487/24 2488/1 2492/20
2498/21 2522/13 2522/19
2526/9 2571/5
together [13] 2298/9 2305/14
2358/10 2458/5 2460/16
2460/16 2469/25 2481/6
2544/6 2563/13 2563/16

2563/25 2564/22
told [61] 2296/8 2296/16
2315/13 2315/22 2317/5
2340/1 2340/11 2340/20
2341/10 2342/1 2342/4 2342/9
2342/19 2352/6 2403/8
2408/18 2408/21 2410/6
2412/11 2435/8 2435/14
2450/1 2450/4 2450/7 2450/12
2450/15 2454/21 2460/15
2461/23 2462/19 2472/10
2472/11 2473/21 2478/1
2482/1 2482/22 2483/1 2484/1
2486/10 2487/10 2494/24
2495/1 2497/1 2497/7 2499/2
2500/2 2502/20 2503/9
2503/18 2506/6 2509/8 2510/9
2510/22 2514/12 2519/13
2529/18 2537/16 2537/17
2537/21 2552/20 2557/2
tomorrow [6] 2298/7 2300/11
2399/22 2485/9 2571/5 2571/9
tone [5] 2391/18 2391/23
2392/2 2392/4 2392/4
too [11] 2391/17 2391/19
2391/20 2392/3 2475/22
2513/22 2514/9 2523/8
2541/11 2552/4 2552/7
took [29] 2318/3 2423/25
2424/2 2433/11 2435/11
2435/13 2445/21 2457/7
2458/17 2458/18 2458/20
2459/11 2459/20 2460/5
2460/5 2460/18 2466/4 2466/7
2466/9 2494/18 2494/19
2499/14 2521/21 2522/6
2524/6 2528/24 2556/24
2558/7 2566/6
tool [1] 2536/7
top [18] 2328/17 2345/2
2350/3 2355/6 2358/20
2358/21 2383/5 2386/23
2398/15 2416/10 2458/7
2472/19 2473/25 2497/19
2497/24 2498/10 2498/16
2516/2
topic [2] 2397/9 2417/7
topics [1] 2563/10
Torre [2] 2370/20 2370/22
total [25] 2311/8 2312/15
2312/24 2353/4 2359/22
2360/11 2360/11 2370/9
2370/23 2371/17 2374/7
2380/18 2383/14 2385/20
2385/21 2387/4 2395/5
2398/19 2416/13 2422/15
2424/20 2431/9 2431/12
2448/8 2449/3
totaled [1] 2369/16
totals [2] 2374/19 2374/19
tougher [2] 2452/1 2452/2
tournament [8] 2365/6 2366/16
2366/24 2367/5 2367/10
2367/21 2368/7 2372/8
tournaments [5] 2335/3
2365/25 2367/13 2371/19
2372/10
towards [15] 2330/14 2336/8
2349/10 2359/3 2390/24
2426/20 2428/20 2428/23
2449/11 2451/25 2530/19
2619
T
towards... [4] 2534/25
2546/24 2564/12 2566/1
Town [1] 2533/8
traceable [3] 2554/11 2555/3
2555/4
track [32] 2324/21 2324/24
2325/9 2331/18 2374/19
2410/23 2417/8 2418/22
2424/16 2491/8 2501/6 2501/7
2501/15 2502/10 2506/16
2506/17 2513/2 2515/24
2516/3 2517/10 2529/7
2529/10 2529/14 2529/22
2529/25 2530/7 2530/8 2530/9
2530/12 2533/6 2535/4
2563/21
tracked [6] 2336/4 2369/25
2414/13 2414/14 2417/17
2500/6
tracking [4] 2353/22 2381/12
2405/16 2435/4
traded [3] 2442/25 2443/15
2446/9
traffic [1] 2406/10
transaction [19] 2355/18
2428/25 2435/11 2435/19
2436/5 2436/6 2438/2 2438/4
2438/13 2444/8 2445/3 2445/6
2446/1 2446/3 2446/18
2446/20 2510/18 2510/19
2516/13
transactions [26] 2309/12
2419/2 2433/11 2433/12
2437/1 2437/5 2444/6 2444/16
2444/23 2444/24 2445/3
2445/8 2445/11 2445/21
2510/10 2510/24 2511/2
2511/21 2511/25 2512/21
2513/1 2513/7 2513/15 2514/4
2514/17 2516/15
transcript [3] 2293/7 2293/23
2571/14
transcription [1] 2293/24
transfer [13] 2331/8 2343/13
2402/11 2438/7 2438/9
2438/11 2444/11 2445/4
2475/21 2495/7 2496/24
2497/7 2555/3
transferred [17] 2331/12
2331/13 2440/9 2440/23
2441/7 2441/23 2495/24
2496/24 2509/11 2509/14
2515/11 2516/22 2517/7
2519/9 2555/1 2555/2 2555/22
transferring [4] 2508/11
2515/1 2536/17 2536/22
transfers [14] 2336/12
2336/12 2336/13 2352/3
2370/3 2370/5 2437/21
2437/24 2445/1 2510/3 2510/5
2510/11 2517/15 2554/20
travel [1] 2307/25
travelers [1] 2410/5
traveling [1] 2306/5
travels [1] 2457/1
treasurer [3] 2336/17 2345/12
2556/21
treasury [23] 2313/25 2315/21
2328/21 2329/5 2329/11
2329/18 2336/11 2336/14
2345/7 2352/4 2370/5 2402/3

2402/10 2425/18 2556/7
2556/7 2556/9 2556/13
2556/16 2557/5 2557/7
2557/10 2557/13
treat [2] 2354/3 2354/23
treated [10] 2335/14 2355/4
2355/6 2355/7 2418/3 2418/4
2421/2 2447/1 2447/2 2513/10
treating [1] 2511/25
treatment [2] 2354/19 2355/25
trial [3] 2293/7 2326/12
2331/23
tried [2] 2334/15 2536/20
trip [1] 2417/11
trips [1] 2449/17
trouble [3] 2479/5 2483/7
2483/12
true [9] 2319/14 2320/7
2321/18 2321/21 2454/11
2462/2 2462/2 2485/23 2486/5
truly [3] 2416/7 2428/8
2534/12
trust [5] 2449/22 2464/4
2464/13 2464/20 2464/25
Trustmark [2] 2403/3 2403/8
truth [18] 2300/20 2300/20
2300/20 2326/4 2326/5 2421/4
2454/17 2481/13 2483/8
2483/11 2485/18 2486/10
2487/11 2493/8 2493/14
2506/1 2506/2 2506/3
truthful [6] 2462/6 2462/8
2464/4 2485/25 2486/4
2487/20
try [10] 2335/5 2436/24
2437/2 2451/17 2453/20
2476/6 2537/7 2568/15
2570/12 2570/14
trying [22] 2424/1 2468/2
2473/21 2501/16 2501/22
2503/8 2511/21 2523/8 2536/5
2536/14 2536/16 2538/4
2538/19 2547/20 2565/3
2565/5 2565/10 2565/13
2565/15 2565/22 2565/25
2569/25
tube [1] 2559/8
turn [4] 2311/2 2366/19
2414/24 2560/5
turned [2] 2462/6 2526/7
Twelve [1] 2388/20
twice [5] 2324/20 2350/8
2469/22 2564/5 2564/6
two [20] 2302/15 2303/3
2307/24 2309/1 2347/1
2374/10 2406/8 2428/6 2433/1
2437/24 2473/13 2479/2
2499/7 2513/4 2524/25 2525/8
2525/8 2525/12 2557/19
2570/5
TX [4] 2293/13 2293/21
2294/5 2294/7
type [24] 2310/23 2313/9
2313/10 2320/1 2322/20
2323/2 2349/10 2349/17
2351/15 2361/8 2361/9 2365/8
2371/5 2379/4 2392/18 2402/9
2419/13 2432/1 2442/5
2443/24 2459/22 2461/12
2468/25 2536/2
types [3] 2360/24 2393/21
2419/7
typical [1] 2349/17
typically [8] 2339/2 2344/14
2344/15 2354/13 2388/16
2388/19 2388/20 2415/18
U
U.S [2] 2293/15 2294/10
uh [15] 2323/25 2378/19
2468/10 2477/4 2495/10
2501/9 2511/15 2516/1 2517/6
2517/6 2528/5 2528/18
2533/11 2534/23 2545/25
Uh-huh [12] 2323/25 2378/19
2468/10 2477/4 2495/10
2501/9 2511/15 2516/1 2528/5
2528/18 2533/11 2545/25
Uh-uh [1] 2517/6
ultimately [14] 2328/24
2335/24 2335/25 2344/10
2350/6 2353/14 2355/20
2356/13 2416/13 2421/4
2421/5 2421/13 2463/11
2544/21
uncomfortable [2] 2452/16
2522/2
uncommon [1] 2542/20
under [16] 2358/19 2363/11
2363/16 2365/15 2368/25
2370/19 2374/4 2403/25
2445/16 2490/9 2490/11
2535/7 2542/12 2548/3
2554/24 2554/25
undergraduate [1] 2299/7
understand [14] 2326/3
2326/18 2331/24 2436/12
2454/15 2456/14 2468/2
2476/5 2486/18 2493/15
2501/25 2509/7 2523/8
2545/23
understanding [9] 2340/25
2442/5 2476/5 2481/17 2483/5
2483/9 2485/20 2486/7
2536/20
underway [6] 2298/6 2298/7
2299/17 2300/12 2342/6
2485/9
undisclosed [1] 2332/11
uneasy [1] 2496/7
unhappy [1] 2372/15
uniform [2] 2457/1 2548/24
unique [2] 2315/17 2315/19
unison [1] 2447/10
UNITED [10] 2293/1 2293/3
2293/8 2300/14 2360/5
2390/13 2393/20 2456/16
2527/16 2539/16
University [2] 2301/12
2301/14
unless [2] 2444/18 2476/15
unpaid [1] 2379/13
unresponsive [1] 2343/3
until [6] 2393/12 2409/17
2415/7 2521/21 2543/15
2543/15
untoward [1] 2503/8
untruthful [2] 2485/22
2485/25
unusual [2] 2315/6 2315/8
up [94] 2296/15 2297/3
2299/1 2306/4 2308/11 2309/5
2310/7 2317/22 2320/12
2620
U
up... [85] 2321/10 2325/3
2348/13 2349/4 2353/25
2357/14 2359/21 2359/22
2366/5 2369/16 2370/9 2374/4
2374/6 2376/2 2380/19 2381/9
2383/6 2383/12 2385/12
2386/23 2387/16 2387/19
2393/12 2393/12 2394/12
2396/18 2398/12 2398/20
2398/22 2400/13 2406/18
2407/16 2419/18 2426/3
2429/8 2429/16 2429/24
2436/13 2436/24 2443/12
2443/25 2445/14 2446/25
2453/22 2456/9 2456/21
2458/1 2460/18 2463/6 2465/9
2465/11 2468/15 2469/3
2469/8 2469/13 2476/8
2493/21 2520/17 2521/2
2521/2 2521/8 2521/8 2521/9
2521/14 2521/14 2522/6
2522/11 2525/20 2527/6
2530/3 2531/1 2532/8 2538/8
2548/23 2554/15 2556/12
2556/18 2557/3 2557/12
2559/23 2563/10 2568/10
2568/10 2569/2 2571/6
update [1] 2458/8
updated [2] 2471/10 2537/25
upon [2] 2357/25 2391/24
ups [1] 2318/20
upset [2] 2343/5 2343/8
upsetting [1] 2469/21
us [41] 2293/12 2296/8
2296/16 2299/13 2327/12
2342/22 2342/22 2350/12
2362/6 2362/6 2365/17 2383/6
2392/7 2408/7 2408/13
2410/14 2410/17 2412/9
2412/9 2412/20 2420/6 2420/9
2422/5 2422/7 2422/8 2428/3
2436/4 2449/17 2453/23
2462/19 2463/24 2473/6
2490/12 2513/23 2514/7
2514/16 2539/24 2549/24
2553/18 2563/6 2563/7
US Marshals [1] 2453/23
USD [1] 2412/8
use [19] 2310/19 2319/6
2323/6 2336/9 2351/15
2368/23 2430/4 2433/20
2445/14 2462/4 2462/5 2462/9
2476/1 2532/7 2532/12
2545/23 2548/19 2558/11
2558/12
used [27] 2323/21 2323/24
2340/8 2349/18 2352/1
2368/13 2384/5 2388/7
2393/21 2413/18 2420/18
2421/13 2432/18 2433/7
2433/14 2434/2 2434/3
2434/12 2434/13 2434/20
2435/2 2437/1 2437/22
2445/10 2462/1 2537/7 2544/7
using [8] 2323/19 2391/19
2433/13 2459/1 2459/1
2471/12 2496/20 2548/18
usual [1] 2350/12
usually [2] 2448/2 2448/2
UT [1] 2299/7
UT Law [1]
view [6] 2372/22 2396/18

2401/15 2401/16 2444/22
V
2489/16
validity [1] 2436/23
viewed [2] 2357/6 2357/10
valuated [1] 2538/8
views [1] 2372/24
valuation [16] 2435/1 2443/17 violated [1] 2539/21
2443/19 2443/25 2444/5
violation [1] 2332/14
2445/12 2445/13 2445/15
Virgin [4] 2365/17 2412/3
2445/22 2445/23 2446/7
2449/17 2451/1
2446/10 2446/11 2448/25
visible [1] 2561/8
2525/25 2526/22
vision [3] 2545/11 2545/13
value [72] 2318/13 2318/13
2545/14
2383/11 2385/18 2431/22
visit [4] 2307/6 2406/3
2431/23 2432/3 2433/7 2434/2 2555/19 2568/2
2438/12 2440/23 2440/25
voce [1] 2454/7
2441/7 2441/11 2441/11
voice [2] 2391/18 2392/2
2441/14 2441/15 2441/20
voir [1] 2436/17
2441/21 2441/23 2442/9
VOLUME [1] 2293/9
2443/6 2443/10 2443/14
volunteer [1] 2467/6
2443/18 2444/1 2445/1 2445/5 volunteered [2] 2467/17
2445/10 2445/19 2446/8
2467/18
2446/21 2446/21 2446/25
Vonda [2] 2395/23 2396/5
2523/6 2523/7 2523/9 2523/9
W
2523/22 2523/23 2523/25
wait [4] 2411/16 2446/3
2524/1 2524/4 2524/11
2456/10 2520/18
2524/16 2524/25 2525/3
Wal [3] 2451/20 2451/22
2525/6 2525/7 2525/11
2452/3
2525/17 2525/20 2525/24
Wal-Mart [3] 2451/20 2451/22
2526/9 2526/9 2526/14
2452/3
2526/21 2526/22 2526/24
2538/5 2547/4 2547/7 2547/8 walk [6] 2328/8 2458/2 2458/3
2458/4 2460/16 2561/17
2547/8 2547/19 2547/19
2547/22 2548/2 2548/8 2548/8 walked [1] 2460/16
Walker [1] 2348/24
2553/25 2560/5
walking [1] 2564/12
valued [6] 2434/1 2435/1
walks [1] 2456/17
2443/22 2446/24 2547/13
wall [1] 2299/24
2558/10
want [61] 2298/6 2299/14
values [1] 2527/21
various [3] 2353/6 2551/3
2316/5 2317/23 2318/22
2563/21
2327/13 2328/8 2332/23
vast [5] 2311/10 2311/10
2333/2 2339/7 2342/13
2312/16 2312/24 2313/1
2350/22 2352/10 2358/8
Vega [2] 2395/24 2395/24
2366/7 2371/3 2373/2 2405/23
vehicle [1] 2517/8
2406/3 2408/25 2409/10
Venezuela [3] 2370/25 2371/1
2409/25 2410/10 2415/15
2371/2
2417/7 2423/16 2424/7
Venison [1] 2395/24
2424/10 2428/1 2430/6
venture [17] 2437/15 2438/5
2439/12 2451/22 2452/3
2438/10 2438/23 2440/20
2452/12 2456/10 2458/1
2441/2 2444/11 2445/17
2476/21 2484/22 2485/1
2446/12 2531/7 2531/8
2489/11 2489/13 2489/16
2531/23 2532/7 2532/8
2493/17 2493/18 2494/9
2532/20 2533/23 2534/1
2497/10 2497/11 2499/14
verify [1] 2311/17
2500/2 2501/24 2503/6
verifying [3] 2310/5 2315/3
2503/25 2505/7 2508/17
2392/8
2508/21 2514/14 2528/6
versus [3] 2425/9 2425/10
2532/7 2540/4 2559/25
2442/24
2568/10
very [26] 2299/5 2312/10
want to [1] 2484/22
wanted [20] 2327/12 2329/22
2315/18 2315/19 2315/22
2343/5 2352/12 2353/1
2346/23 2373/4 2397/22
2421/24 2422/15 2430/8
2367/11 2390/11 2392/4
2443/6 2449/23 2465/21
2428/2 2429/13 2446/14
2471/14 2471/19 2494/17
2452/16 2460/4 2470/17
2501/24 2535/14 2540/12
2471/6 2472/8 2473/18
2542/6 2542/9 2542/24
2476/10 2477/14 2479/21
wanting [1] 2539/11
2490/4 2528/13 2548/1
wants [1] 2512/12
vessel [1] 2364/17
War [1] 2300/4
vessels [1] 2364/16
Warren [1] 2293/15
veteran's [1] 2298/17
was [1188]
via [1] 2350/11
was -- I [1] 2472/16
Victoria [1] 2298/11
2299/7
2621
W
was -- yes [1] 2359/23
was no [4] 2297/12 2319/8
2382/17 2467/7
was no -- no [1] 2381/16
Washington [1] 2293/16
wasn't [65] 2316/12 2320/6
2321/20 2322/17 2322/17
2324/18 2326/10 2354/18
2364/5 2372/9 2376/10 2382/2
2382/3 2382/8 2389/2 2403/10
2413/9 2430/20 2431/2 2434/8
2436/8 2439/18 2442/1 2445/9
2448/22 2448/24 2467/17
2470/7 2473/2 2474/7 2474/7
2476/10 2481/3 2490/5 2491/6
2497/16 2504/14 2505/8
2506/23 2508/8 2518/4 2522/9
2528/9 2532/16 2539/6
2539/12 2539/24 2549/14
2551/10 2552/1 2554/1 2554/8
2554/11 2556/20 2556/21
2559/11 2559/17 2559/21
2561/6 2561/8 2565/13 2566/2
2569/20 2569/23 2570/18
water [2] 2430/22 2548/1
way [64] 2297/3 2312/4
2320/13 2324/20 2324/23
2332/23 2368/18 2400/6
2406/2 2409/20 2420/25
2438/8 2445/4 2451/25
2455/25 2463/8 2482/1 2492/7
2492/18 2492/22 2494/16
2495/2 2507/14 2507/17
2509/11 2509/14 2512/21
2513/7 2513/9 2513/15 2514/4
2514/13 2515/14 2515/16
2515/18 2521/3 2521/8 2521/9
2521/15 2522/6 2523/5
2525/12 2527/2 2528/25
2529/20 2534/8 2534/12
2536/2 2536/8 2536/16 2541/1
2541/9 2543/15 2549/4
2552/24 2552/25 2553/1
2556/11 2556/24 2558/18
2558/19 2558/22 2562/23
2570/22
ways [7] 2524/25 2525/8
2525/8 2525/12 2557/18
2557/19 2558/6
we [236] 2296/4 2296/11
2296/13 2297/2 2297/3 2297/8
2297/15 2297/16 2298/6
2298/8 2298/10 2298/11
2298/13 2298/17 2299/3
2299/16 2299/20 2308/11
2308/23 2309/4 2313/9
2313/19 2313/20 2316/25
2318/5 2318/13 2318/14
2318/19 2319/18 2320/2
2320/23 2324/21 2325/8
2326/2 2326/20 2327/3
2328/22 2342/24 2344/19
2345/8 2348/13 2348/14
2349/1 2349/4 2349/6 2349/7
2349/25 2350/1 2350/2
2350/12 2352/11 2354/21
2356/4 2356/10 2356/15
2357/13 2357/14 2358/6
2358/12 2360/1 2361/10
2362/7 2362/20 2363/9
2363/21 2365/10 2365/15

2366/19 2369/3 2369/12
2369/16 2369/22 2369/22
2371/5 2372/18 2374/11
2377/24 2377/24 2379/1
2379/2 2379/24 2380/1
2380/10 2380/14 2380/21
2381/20 2382/9 2382/22
2383/5 2383/5 2383/10
2383/10 2383/19 2384/23
2384/24 2385/10 2385/21
2386/23 2390/9 2390/11
2391/13 2392/11 2392/22
2393/24 2394/12 2395/13
2395/21 2396/7 2397/7
2397/10 2397/10 2397/16
2397/24 2398/12 2398/20
2398/22 2399/20 2400/15
2400/16 2400/18 2400/23
2400/24 2401/19 2401/22
2402/1 2402/7 2405/20
2406/15 2409/25 2410/13
2415/4 2415/5 2415/6 2415/7
2418/11 2419/10 2419/12
2419/18 2420/8 2422/3 2423/6
2423/25 2424/8 2424/23
2424/24 2425/23 2426/10
2426/15 2427/11 2427/12
2427/22 2428/3 2428/5 2428/7
2429/2 2429/15 2429/15
2429/24 2430/10 2432/7
2433/1 2438/16 2440/12
2441/17 2442/19 2446/2
2447/7 2447/11 2447/11
2447/16 2448/8 2448/13
2453/20 2453/22 2455/18
2455/23 2457/11 2457/12
2457/17 2460/16 2461/11
2461/25 2465/19 2469/24
2471/1 2471/6 2472/8 2476/4
2477/18 2480/12 2481/23
2482/1 2482/10 2482/12
2485/14 2487/6 2488/12
2488/12 2489/6 2489/13
2489/14 2492/3 2492/4 2492/6
2492/7 2492/10 2492/12
2493/3 2500/2 2501/20
2504/21 2507/22 2509/20
2515/8 2529/5 2529/12
2532/16 2534/2 2535/1
2537/25 2537/25 2538/2
2538/9 2538/16 2549/1 2549/7
2552/12 2553/21 2558/16
2559/13 2564/12 2564/16
2566/21 2568/9 2568/11
2570/22
we'll [19] 2300/12 2356/5
2362/11 2369/2 2401/2
2414/23 2414/24 2414/25
2415/6 2415/8 2415/11
2447/12 2457/12 2485/3
2485/3 2485/9 2503/6 2568/16
2571/6
we're [25] 2296/5 2296/12
2298/7 2299/16 2302/21
2319/25 2322/13 2334/25
2335/14 2410/15 2414/20
2425/2 2433/21 2434/21
2454/5 2468/24 2476/2
2493/25 2505/23 2507/15
2513/11 2518/14 2547/18
2554/15 2570/14
we've [8] 2327/25 2358/9

2369/7 2482/10 2501/19
2519/22 2528/9 2544/1
week [3] 2308/3 2350/1
2399/22
weekly [1] 2388/3
weeks [2] 2296/8 2296/17
weigh [1] 2529/21
weight [1] 2436/19
welcome [1] 2299/1
well [101] 2296/12 2306/4
2307/25 2310/25 2312/12
2313/15 2327/2 2332/9
2337/21 2337/23 2345/15
2345/24 2346/25 2367/7
2368/18 2369/2 2370/8 2371/2
2373/20 2385/20 2390/12
2391/12 2405/2 2413/20
2415/11 2423/5 2429/16
2436/3 2440/2 2441/14
2441/15 2441/17 2442/1
2443/3 2443/24 2444/25
2447/20 2450/6 2452/24
2454/14 2454/17 2462/24
2465/21 2465/24 2467/20
2469/3 2472/16 2473/21
2474/17 2474/25 2476/11
2476/12 2479/15 2482/10
2484/12 2487/19 2496/5
2498/2 2498/3 2498/7 2499/24
2502/15 2503/18 2503/20
2504/20 2505/7 2505/10
2505/13 2507/21 2508/23
2509/18 2510/2 2513/5
2513/18 2514/12 2516/8
2524/1 2529/18 2531/10
2533/6 2538/16 2539/8
2541/13 2543/2 2543/20
2544/5 2544/10 2547/17
2549/10 2550/8 2550/24
2552/18 2554/13 2559/7
2561/6 2565/5 2565/19
2566/10 2567/17 2568/9
2570/8
went [31] 2297/7 2302/7
2307/9 2307/10 2307/15
2307/23 2309/20 2317/7
2329/18 2333/19 2353/19
2355/7 2363/14 2374/24
2381/9 2395/10 2396/18
2402/17 2417/10 2417/14
2420/15 2426/18 2441/5
2453/22 2469/24 2470/2
2517/19 2518/15 2522/15
2556/7 2559/8
were [399]
were being [1] 2395/7
weren't [20] 2315/13 2315/14
2388/24 2414/13 2435/14
2446/9 2477/1 2479/7 2487/2
2519/3 2519/13 2520/6
2523/17 2530/16 2539/14
2556/9 2556/17 2566/13
2567/19 2569/25
West [1] 2547/25
Western [1] 2300/6
what [501]
what's [37] 2304/1 2312/16
2322/6 2322/25 2330/10
2331/21 2331/24 2332/7
2344/24 2345/2 2345/22
2352/15 2353/9 2354/7
2622
W
what's... [23] 2356/20
2366/22 2367/23 2368/5
2396/2 2402/9 2405/23 2407/5
2411/24 2412/15 2418/6
2419/16 2436/7 2440/21
2442/24 2444/8 2475/13
2486/4 2490/14 2496/12
2527/6 2536/20 2538/16
whatever [12] 2354/22 2357/21
2457/16 2485/1 2486/15
2508/17 2547/7 2549/7
2556/20 2556/25 2560/6
2568/7
whatsoever [1] 2457/11
wheelbarrows [1] 2559/23
when [147] 2296/17 2296/17
2296/22 2302/6 2303/4 2304/6
2304/13 2305/4 2305/22
2306/8 2306/17 2307/10
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you -- now [1] 2435/4
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Young's [1] 2501/3
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2408/14 2410/13 2411/17

Allen Stanford Criminal Trial Transcript Volume 8 Feb. 1, 2012

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Allen Stanford Criminal Trial Transcript Volume 8 Feb. 1, 2012

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2293

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF TEXAS

UNITED STATES OF AMERICA

TRANSCRIPT OF JURY TRIAL

FOR THE GOVERNMENT:

FOR THE DEFENDANT:

Proceedings recorded by mechanical stenography, transcript

Cheryll K. Barron, CSR, CM, FCRR

FOR THE DEFENDANT: (Continued)

Cheryll K. Barron, CSR, CM, FCRR

Cheryll K. Barron, CSR, CM, FCRR

Henry Amadio, Government's Witness

Direct Examination by Mr. Costa

Cross-Examination by Mr. Scardino

Cheryll K. Barron, CSR, CM, FCRR

(Jury not present)

(At the bench with all counsel)

MR. COSTA: Are we ready, Judge?

THE COURT: Yes, we're ready.

MR. COSTA: Judge, the next witness is an individual

named Henry Amadio, who was an accountant at Stanford

Financial. He told us just a couple of weeks ago that -- he

was initially represented by Jimmy Ardoin. The government

contacted Mr. Ardoin in 2010, about a year after the charges

were filed, said we would like to talk to Mr. Amadio.

Jimmy said: Well, now, at this point we're in

with Laura Holt. We should -- I'm going to tell Henry to find

He ended up hiring Mike Hinton's firm, and that's

and he did meet Mr. Fazel for --

THE COURT: He what?

MR. COSTA: This witness, Mr. Amadio, met with

had a -- I don't know the details of the discussion; but they

met one day, had a discussion. And he obviously decided to

hire Mr. Hinton. He was -- never retained Mr. Fazel but --

Cheryll K. Barron, CSR, CM, FCRR

MR. FAZEL: Judge, I don't even remember the meeting

and nor do we have files or anything in the office. And the

way I know that is because our server blew up right after we

were appointed to represent Mr. Stanford. So, there's no

documentation to that effect. I don't recall the meeting, and

I don't know if Robert even --

MR. SCARDINO: I went out there and shook his hand

He said: No, I talked to your partner.

So, I asked Ali. And Ali says: No, I don't

remember him but I'll -- there was no engagement letter, no

problem. We just think, in an abundance of caution, to put it

on the record. We do not think he was ever retained, that

there is any conflict.

MR. COSTA: The government doesn't think it's a

I said: I'm sorry. I don't recall.

THE COURT: Does the government or the defense see any

MR. FAZEL: I don't even remember the guy, your Honor.

THE COURT: So the answer is?

MR. FAZEL: No.

THE COURT: Government?

MR. COSTA: No.

THE COURT: No problem. All right. It's on the

Cheryll K. Barron, CSR, CM, FCRR

mention that we're going to get underway tomorrow at 10:15. At

9:00 in the morning -- we do this once a year -- almost all the

judges in Houston, together with -- I know the chief judge from

McAllen -- what happens is that we -- our district runs from

Houston. It takes in -- we have judges in Galveston, Victoria,