Federal prosecutors announced that Epoch Times CFO Bill Guan has been charged with orchestrating a $67 million global money laundering scheme, involving prepaid debit cards, bitcoin, and stolen personal information.
Federal prosecutors announced on Monday that the chief financial officer of the conservative international news organization The Epoch Times had been detained and accused of spearheading a multi-year plot to launder at least $67 million in criminal funds.
Prosecutors claimed that the plan, which involved tens of thousands of prepaid debit cards, bitcoin, fraudulently obtained unemployment insurance payments, and stolen personal information, was the reason behind a sharp rise in The Epoch Times' stated yearly earnings.
In U.S. District Court in Lower Manhattan, Weidong "Bill" Guan, 61, is accused of two counts of bank fraud and one count of conspiring to commit money laundering.
According to a court notice, Guan was taken into custody on Sunday morning and e...