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Bill Guan

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crime1 year ago•2 min saved

Epoch Times CFO Charged in $67 Million Money Laundering Scheme

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.

via The Guardian|

#bill-guan #crime #cryptocurrency

crime1 year ago•2 min saved

Epoch Times CFO Charged in $67M Money Laundering Case

Bill Guan, CFO of the Epoch Times, has been arrested for allegedly leading a $67 million money laundering scheme involving cryptocurrency. Federal prosecutors claim the scheme enriched the news outlet significantly, with its revenue surging by 410% in one year. Guan faces charges of money laundering and bank fraud, and if convicted, could face over 30 years in prison. The Epoch Times has suspended Guan and pledged to cooperate with the investigation.

via BBC.com|

#bill-guan #crime #cryptocurrency

crime1 year ago•3 min saved

Epoch Times CFO Charged in $67M Money Laundering Case

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.

via The Daily Beast|

#bill-guan #crime #epoch-times