Epoch Times CFO Charged in $67 Million Money Laundering Scheme
TL;DR Summary
The Department of Justice has indicted Bill Guan, CFO of the far-right media company Epoch Times, for allegedly masterminding a transnational money-laundering and cryptocurrency scam involving $67 million. The scheme reportedly involved using fraudulently obtained funds, including unemployment benefits, which were laundered through cryptocurrency platforms. Guan faces up to 70 years in prison if convicted. The charges do not pertain to the company's newsgathering activities.
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- CFO of Trump-loving The Epoch Times arrested, charged with money laundering and bank fraud The Times of India
- Epoch Times CFO Weidong 'Bill' Guan accused of laundering $67 million USA TODAY
- Epoch Times' executive charged with US$67 million money laundering South China Morning Post
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