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News / CFO Of Epoch Times Arrested Over Alleged $67M Money Laundering Scheme

CFO Of Epoch Times Arrested Over Alleged $67M Money Laundering Scheme

Weidong Guan is said to have participated in a β€˜sprawling’ scheme aiming at fraudulently obtaining money to enrich himself and the right-wing outlet.

05 min read

A senior official of the global media outlet The Epoch Times is charged with participating in a multi-year plot to launder tens of millions of dollars in funds gained through fraudulent means, including unemployment benefits, as per an indictment unveiled on Monday.

Guan is charged with joining up with others in a “sprawling transnational scheme” to launder at least $67 million to the bank accounts and affiliated businesses of the media c