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
Qantas posts $1.39bn profit as holidaymakers flock to Jetstar
#AltGov: the secret network of federal workers resisting Doge from the inside
Chinese fishing fleets using North Korean forced labour in potential breach of sanctions, report claims