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IPFS News Link • Investigations
Epoch Times CFO charged over staggering $67M money laundering scheme using prepaid debit cards
• New York PostThe chief financial officer of the Epoch Times newspaper — a New York-based weekly critical of the Chinese government — has been charged by the feds with money laundering, according to US officials.
Weidong "Bill" Guan — CFO for the news site that also distributes papers across the US, UK, France and Canada — is alleged to have laundered $67 million in the alleged scheme, according to a Monday indictment by the US Justice Department.
Guan, a 61-year-old resident of Secaucus, NJ, used a cryptocurrency platform to buy up prepaid debit cards at a discount after they were loaded with money that was obtained from fraudulent unemployment insurance claims, court papers said.