• 34ºc, Sunny

Epoch Times CFO indicted by Department of Justice for alleged cryptocurrency money laundering

The Department of Justice (DOJ) has indicted Bill Guan, the chief financial officer of The Epoch Times, a global newspaper and media company, for participating in a scheme to launder about $67 million in cryptocurrency. The indictment alleges that Guan participated in a "transnational money laundering conspiracy" to benefit himself, the media company and its affiliates. According to US Attorney Damian Williams, Guan allegedly conspired with others to launder "tens of millions of dollars" that he would receive through "fraudulent unemployment insurance benefits" and other illegal activities.