The Epoch Times CFO, Weidong Guan, faces money laundering charges, leading to the founder's resignation and interim management.
The Epoch Times, a global conservative media company and former anti-Chinese Communist Party newspaper, faces money laundering charges against its CFO, Weidong Guan, who is accused of engaging in a multi-year money laundering scheme. Guan's arrest led to the resignation of the company's founder and CEO, and an interim management team has taken over. The founder of Falun Gong, a spiritual movement associated with The Epoch Times, has criticized the media company for its alleged financial wrongdoing and embrace of partisan politics. The Epoch Times has pledged to fully cooperate with the federal investigation.
June 15, 2024
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