Epoch Times CFO Bill Guan Charged for Alleged Involvement in $67 Million Global Money Laundering Scheme

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Summary

The DOJ has indicted an Epoch Times executive for money laundering

Participants in the scheme allegedly used stolen identities to open additional financial accounts which they then used to transfer the funds to bank accounts associated with the media company, and were sometimes laundered through Guan’s personal accounts and other company accounts, according to prosecutors.

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upr.org

BREAKING: Biden's DOJ Charges Conservative Newspaper Executive

According to the DOJ, Guan and others conspired with others to participate in a “sprawling, transnational scheme” to launder at least approximately $67 million of illegally obtained funds to Epoch Times’ bank accounts.

Middle

Headline USA

He was charged with one count of conspiring to commit money laundering, which carries a maximum sentence of 20 years in prison, and two counts of bank fraud, each of which carries a maximum sentence of 30 years in prison.

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The Gateway Pundit

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News Results

JUST IN: Feds Indict Far-Right Media Exec in Massive Money Laundering Scheme

Bill Guan, the publisher of the far-right Epoch Times, was indicted Monday on charges of allegedly participating in a massive money laundering scheme. The charges do not relate to the Media Company’s newsgathering activities. Guan is alleged to have laundered some $67 million in funds.

LEFT

8mo ago

CFO Of Newspaper Epoch Times Faces Charges In Alleged $67M Money Laundering Scheme

Weidong Guan, known as Bill Guan, is the Chief Financial Officer of The Epoch Times. Guan, 61, was arrested and charged with participating in a money laundering scheme involving at least approximately $67 million of illegally obtained funds. Guan faces charges including one count of conspiring to commit money laundering.

RIGHT

8mo ago

Epoch Times financial exec charged in $67M money laundering scheme

Weidong Guan, also known as Bill Guan, is the chief financial officer of the Epoch Times Media Group. He is accused of conspiring to commit money laundering and bank fraud. The 61-year-old faces a maximum sentence of 20 years in prison. A spokesperson for the company says Guan is "innocent until proven guilty"

MIDDLE

8mo ago

Feds Accuse Far-Right Newspaper Epoch Times of Being a Money Laundering Operation

Bill Guan is the chief financial officer of The Epoch Times. He has been indicted for his alleged participation in a $67 million money laundering scheme that involves the far-right newspaper. Guan was charged with one count of conspiring to commit money laundering and two counts of bank fraud. Each count carries at least 20 years in prison.

LEFT

8mo ago

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

Weidong "Bill" Guan, 61, is charged in U.S. District Court in lower Manhattan. He is charged with one count of conspiracy to commit money laundering and two counts of bank fraud. Guan was arrested Sunday morning and pleaded not guilty on Monday afternoon.

LEFT

8mo ago

Epoch Times Executive Charged in Alleged $67 Million Money Laundering Scheme

Weidong Guan, also known as Bill Guan, was charged with one count of conspiring to commit money laundering and two counts of bank fraud. He faces a maximum sentence of 20 years for the money-laundering charge and 30 years for each bank fraud charge. The charges against him “do not relate to the Media Company’s newsgathering activities,” the DOJ press release stated.

LEFT

8mo ago

Epoch Times executive arrested in $67 million multinational money laundering scheme

Weidong “Bill” Guan, 61, of Secaucus, New Jersey, appeared Monday before a federal judge in New York. Guan is accused of participating in a “sprawling transnational scheme’ with others to launder at least $67 million.

LEFT

8mo ago

DOJ Accused Epoch Times CFO for Laundering $67M in Crypto

Bill Guan is the chief financial officer of Epoch Times, a well-known conservative media outlet. The U.S. Department of Justice (DoJ) has accused him of being involved in a complicated plan to launder a massive $67 million using cryptocurrency. The allegations against Guan focus on his supposed leadership ofEpoch’s “Make Money Online’ team.

MIDDLE

8mo ago

The Epoch Times CFO charged with $67m money laundering scheme

Bill Guan, 61, is the chief financial officer of The Epoch Times. Federal prosecutors allege he participated in a global plot to launder at least $67m. Mr Guan has not yet entered a plea. If convicted, he could spend more than 30 years in prison.

LEFT

8mo ago

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

The Epoch Times CFO is accused of taking part in a multi-year scheme. Weidong "Bill" Guan, 61, of Secaucus, New Jersey, appeared Monday before a federal judge. He pleaded not guilty to conspiring to commit money laundering and bank fraud.

RIGHT

8mo ago

Epoch Times CFO charged in $67M money laundering scheme - UPI.com

Weidong "Bill" Guan, 61, is the chief financial officer of conservative news outlet The Epoch Times. He was arrested Sunday and charged Monday with conspiring to commit money laundering. Guan and others are accused of using cryptocurrency to purchase "tens of millions of dollars in crime proceeds"

MIDDLE

8mo ago

DoJ accuses far-right Epoch Times of being money-laundering operation

Bill Guan faces up to 70 years in prison on one count of conspiring to commit money laundering and two counts of bank fraud. The 61-year-old executive “conspired with others to participate in a sprawling, transnational scheme to launder at least approximately $67m of illegally obtained funds”

LEFT

8mo ago

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

Weidong "Bill" Guan, 61, is the chief financial officer of The Epoch Times. He has been charged with conspiring to commit money laundering and two counts of bank fraud. Guan pleaded not guilty on Monday in federal court. He is accused of using cryptocurrency, fraudulently obtaining unemployment insurance benefits, and tens of thousands of prepaid debit cards to open financial accounts.

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8mo ago