Media firm at center of scam involving about $67m, justice department alleges as it announces indictment of CFO Bill Guan
The far-right Epoch Times media company was at the center of a fraudulent money-laundering and cryptocurrency scam involving tens of millions of dollars, the justice department said on Monday as it announced the indictment of its chief financial officer Bill Guan.
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”, according to a statement from the US attorney’s office of the southern district of New York.
About Author
More Stories
Australian house prices hit new peak as rate cut drives buyer demand
‘Fruit of the devil’: Hainan’s betel nut sellers suffer from stuttering economy
Wall Street surges 3% as European markets rebound on trade deal hopes – business live