Top #Media Company Executive Accused of $67 Million Cryptocurrency Fraud
⚖️ Bill Guan, CFO of Epoch Times, has been accused by the U.S. Treasury of laundering $67 million through cryptocurrencies.
👀 From 2020 to May 2024, Guan allegedly formed a team called Make Money Online to buy illicit funds at a 20-30% discount using crypto and transfer them to prepaid debit cards. The team also used stolen personal data to open bank accounts and crypto #wallets .
🔍 During this period, Epoch Times' annual revenue reportedly soared from $15 million to $62 million. Guan claimed the funds were donations when questioned by #banks . 🏦
If convicted, Guan faces up to 80 years in prison for conspiracy to launder money and bank fraud. The case is now in court. 🧐
