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Epoch Times CFO Bill Guan is charged in alleged $67 million global money laundering scheme

Y2kTheNewOldies

Y2kTheNewOldies



www.usatoday.com

Epoch Times CFO charged with participating in $67M money laundering scheme

Federal authorities have charged Weidong "Bill" Guan with one count of conspiring to commit money laundering and two counts of bank fraud.
www.usatoday.com

apnews.com

Epoch Times CFO is arrested and accused of role in $67M multinational money laundering scheme

The chief financial officer of The Epoch Times, a conservative multinational media company, has been indicted in a multi-year scheme to launder tens of millions of dollars in fraudulently obtained unemployment benefits and other funds.
apnews.com apnews.com

Yes if one is wondering who is Epoch times it's a publication that is most notable for supporting Trump and allies. Also this outlet is basically if OAN, Salem media, right side media and Newsmax were in print form. One of their executives is accused of fraud and money laundering.

NEW YORK (AP) — The chief financial officer of The Epoch Times, a conservative multinational media company, is accused of taking part in a multi-year scheme to launder tens of millions of dollars in fraudulently obtained unemployment benefits and other funds, according to an indictment unsealed Monday.

Arrested on Sunday, Weidong “Bill” Guan, 61, of Secaucus, New Jersey, appeared Monday before a federal judge in New York on charges of conspiring to commit money laundering and bank fraud. He pleaded not guilty.

Guan is accused of participating in a “sprawling transnational scheme” with others to launder at least $67 million to the New York-based media company’s bank accounts and related entities. Federal prosecutors said members of the company’s “Make Money Online” team, which was managed by Guan, used cryptocurrency to “knowingly purchase tens of millions of dollars in crime proceeds,” including funds from fraudulently obtained unemployment benefits that were loaded onto prepaid debit cards, according to federal prosecutors.
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