Epoch Times CFO charged with money laundering in $67M fraud scheme involving cryptocurrency.
The CFO of Epoch Times, a media company that publishes a conservative newspaper and website, has been charged with money laundering in a $67M fraud scheme. Epoch Times claims it "intends to and will fully cooperate with any investigation dealing with the allegations against Mr Guan". The alleged scheme involved members of the 'Make Money Online' team purchasing crime proceeds via cryptocurrency, transferring them into bank accounts held by entities affiliated with the newspaper, and laundering the funds back through numerous transactions.
June 03, 2024
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