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.
Biden is expected to sign an executive action Tuesday that would temporarily shut the border when numbers surge Prosecutors allege that the scheme by Guan and his co-conspirators caused the company's revenue to jump from"approximately $15 million to approximately $62 million" between 2019 and 2020.Guan, a resident of Secaucus, New Jersey, managed the Epoch Times'"Make Money Online team," which carried out the scheme to buy"crime proceeds" and transfer them to bank accounts linked to the media outlet, according to his indictment.
They were often laundered again through other accounts, including Guan's own personal bank and crypto accounts, according to prosecutors.
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