Epoch Times Executive Accused of Laundering $67 Million

“A top executive at The Epoch Times, a right-wing media company, has been arrested and charged with laundering at least $67 million in stolen money through company accounts in a multiyear scheme to lift financial returns,” the New York Times reports.

“A federal grand jury indicted Weidong Guan, also known as Bill Guan, on one count of money laundering, as well as two counts of bank fraud. The accusations say he lied to a financial institution about the source of the cash, some of which was allegedly pilfered through fraudulently obtained unemployment benefits. The money increased The Epoch Times’s revenue by nearly 400 percent in just one year.”