🚨🚨🚨The Epoch Times CFO Guan Weidong arrested
🤔🤔🤔Involving $67 million in transnational money laundering, involving cryptocurrency
The 61-year-old chief financial officer of The Epoch Times was accused by U.S. federal prosecutors of participating in a $67 million transnational money laundering conspiracy to benefit himself and the newspaper.
The Epoch Times, which is affiliated with a spiritual group banned in China, has been an obscure free paper newspaper for many years, mainly dedicated to criticizing the Chinese Communist Party.
In recent years, the media has become a major supporter of Trump and his right-wing allies. According to prosecutors, Guan Weidong operated a "massive transnational scheme" for four years, using cryptocurrency to purchase prepaid debit cards at a discount online, and then deposited the money on the cards into personal and corporate accounts. Prosecutors said the debit cards were filled with illegally obtained funds, some of which were unemployment insurance benefits obtained through fraudulent means.
Guan and his team allegedly purchased “fraudulent unemployment insurance proceeds,” deposited them into prepaid cards, and then exchanged them for cryptocurrency at a price equivalent to 70-80% of the actual value of the prepaid cards. After the transaction was completed, the funds were transferred to The Epoch Times’ bank account and Guan’s personal bank account.
