The chief financial officer of The Epoch Times, a conservative multinational media company, has been indicted in a multi-year scheme to launder tens of millions of dollars in fraudulently obtained unemployment benefits and other funds.
NEW YORK — The chief financial officer of The Epoch Times, a conservative multinational media company, is accused of taking part in a multi-year scheme to launder tens of millions of dollars in fraudulently obtained unemployment benefits and other funds, according to an indictment unsealed Monday.
Arrested on Sunday, Weidong “Bill” Guan, 61, of Secaucus, New Jersey, appeared Monday before a federal judge in New York on charges of conspiring to commit money laundering and bank fraud. He pleaded not guilty. Guan is accused of participating in a “sprawling transnational scheme” with others to launder at least $67 million to the New York-based media company’s bank accounts and related entities.
Stolen personal information was then used to open accounts as part of the alleged laundering scheme, prosecutors said. The money was further laundered through other bank accounts held by Epoch and Guan’s personal bank and cryptocurrency accounts.Baltimore’s former top prosecutor spared prison for mortgage fraud and perjuryAssistant Federal Defender Ariel Werner, listed in court records as Guan’s attorney, declined to comment at this time on the charges.
The Epoch Times was not named in the indictment released Monday, but instead was referred to as a “multinational media company.” In a statement, the news organization, which is linked to“The Epoch Times has a guiding principle that elevates integrity in its dealings above everything else. The company intends to and will fully cooperate with any investigation dealing with the allegations against Mr. Guan,” according to a written statement. “In the interim, although Mr.
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