The CFO of The Epoch Times, a conservative media company whose billboards have cropped up across the Dallas-Fort Worth, Texas, area, in recent years was...
, a conservative media company whose billboards have popped up across the Dallas-Fort Worth area, is facing charges in what federal prosecutors in New York called a “sprawling, transnational scheme” to launder at least $67 million of stolen money through company bank accounts.
A federal grand jury handed up an indictment of Weidong Guan, also known as Bill Guan, on one count of money laundering and two counts of bank fraud on May 23, court records show. Guan, 61, was arrested Monday, according to a news release from the U.S. Attorney’s Office for the Southern District of New York.
Williams said in the release that the charges against Guan represented the government’s “commitment to vigorously enforcing the laws against those who facilitate fraud through money laundering and to protecting the integrity of the U.S. financial system.”investigationhas placed billboards across the country. Billboards in D-FW depict an unidentified man beside a URL to the outlet’s website and the tagline: “#1 Trusted News.
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