Reported 4 months ago
The CFO of The Epoch Times, a conservative multinational media company, has been arrested for allegedly participating in a money laundering scheme involving $67 million in fraudulently obtained funds. Weidong “Bill” Guan, 61, is accused of conspiring to commit money laundering and bank fraud by using cryptocurrency to launder crime proceeds, including funds from fraudulently obtained unemployment benefits, through the media company's bank accounts and related entities. The Epoch Times stated it would cooperate with the federal probe and has suspended Guan pending resolution of the matter, clarifying that the charges do not relate to their newsgathering activities.
Source: YAHOO