Epoch Times CFO Charged in $67M Money Laundering Case
TL;DR Summary
The chief financial officer of The Epoch Times, Bill Guan, has been indicted for his alleged role in a $67 million money laundering scheme involving the far-right newspaper. The scheme reportedly involved fraudulent "Make Money Online" activities and significantly boosted the company's revenue. Guan faces multiple charges, including conspiring to commit money laundering and bank fraud, each carrying a potential 20-year prison sentence. The Epoch Times has suspended Guan and pledged to cooperate with the investigation.
- Feds Accuse Far-Right Newspaper Epoch Times of Being a Money Laundering Operation The Daily Beast
- Epoch Times Executive Accused of Laundering $67 Million The New York Times
- The Epoch Times CFO charged with $67m money laundering scheme BBC.com
- DOJ Says Epoch Times Is an Epic Money-Laundering Operation New York Magazine
- The Epoch Times CFO laundered millions to fund the newspaper, feds say Business Insider
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