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. 🧐

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