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Weidong Guan

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Epoch Times CFO Charged in $67M Money Laundering Scheme
medialegal1 year ago

Epoch Times CFO Charged in $67M Money Laundering Scheme

The Epoch Times' CFO, Weidong "Bill" Guan, has been charged with money laundering, raising questions about the future of the media outlet known for its support of Trump and spreading conspiracy theories. Guan, who pleaded not guilty, allegedly funneled $67 million in criminal proceeds to the company and himself. The case has drawn attention to the outlet's transformation during the Trump administration and its aggressive online presence, particularly on Facebook. The future of The Epoch Times remains uncertain as the investigation continues.

via The Associated Press|
#falun-gong#medialegal#money-laundering
Epoch Times CFO Charged in $67M Money Laundering Scheme
crime1 year ago

Epoch Times CFO Charged in $67M Money Laundering Scheme

Weidong "Bill" Guan, CFO of The Epoch Times, has been charged with participating in a $67 million money laundering scheme involving cryptocurrency, fraudulently obtained unemployment benefits, and stolen personal identification information. Guan, who pleaded not guilty, faces up to 20 years for money laundering and 30 years for each bank fraud charge. The Epoch Times has suspended Guan and pledged to cooperate with the investigation.

via USA TODAY|
#bank-fraud#crime#cryptocurrency
Epoch Times CFO Charged in $67M Money Laundering Scheme
politics1 year ago

Epoch Times CFO Charged in $67M Money Laundering Scheme

Weidong Guan, CFO of The Epoch Times, has been charged with laundering $67 million and bank fraud, significantly boosting the company's revenue. The Justice Department alleges he ran a transnational scheme involving fraudulently obtained funds, including unemployment benefits. If convicted, Guan faces up to 20 years for money laundering and 30 years for each bank fraud charge.

via The New York Times|
#bank-fraud#doj#epoch-times