Media CFO Charged in $67M Fraud Scheme
TL;DR Summary
The CFO of a multinational media company, Weidong Guan, has been charged with laundering approximately $67 million in fraud proceeds, including unemployment insurance benefits, through a complex transnational scheme involving cryptocurrency. Guan allegedly lied to banks about the source of the funds, claiming they were donations. He faces up to 80 years in prison if convicted.
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