The Epoch Times is affiliated with the religious group Falun Gong, which opposes the Chinese Community Party and has supported former President Donald Trump.
The chief financial officer of conservative global news outlet The Epoch Times was arrested and charged with leading a yearslong scheme to launder at least $67 million in illicit funds.
Weidong"Bill" Guan, 61, is charged in U.S. District Court in lower Manhattan 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 before a federal magistrate judge in Manhattan, according to a court notice. He was released on a $3 million personal recognizance bond, and his travel is restricted to parts of New York and New Jersey, among other restrictions.
Prosecutors said the money laundering scheme benefited"a multinational media company headquartered in Manhattan, New York." The Epoch Times is headquartered on West 28th St. in Manhattan. After purchasing the crime proceeds, participants allegedly used stolen personally identifiable information to open various types of accounts and transfer the proceeds into bank accounts linked with the media outlet and related entities.
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