Epoch Times CFO is arrested and accused of role in $67M multinational money laundering scheme

NEW YORK — The chief financial officer of The Epoch Times , a conservative multinational media company , is accused of taking part in a multi-year scheme to launder tens of millions of dollars in fraudulently obtained unemployment benefits and other funds, according to an indictment unsealed Monday.

Guan is accused of participating in a “sprawling transnational scheme" with others to launder at least $67 million to the New York-based media company's bank accounts and related entities.

The Epoch Times was not named in the indictment released Monday, but instead was referred to as a “multinational media company.” In a statement, the news organization, which is linked to“The Epoch Times has a guiding principle that elevates integrity in its dealings above everything else. The company intends to and will fully cooperate with any investigation dealing with the allegations against Mr. Guan," according to a written statement. "In the interim, although Mr.

Democratic Rep. Adam Schiff tells CNN’s Kasie Hunt that “they should recommend a sentence no greater or no less than any other citizen would get for committing those kinds of crimes.”Chad Daybell was sentenced to death Saturday upon the recommendation of the jury that convicted him of first-degree murder and conspiracy charges in the killings of his first wife and two children of his second wife in a case fueled by power, sex, money and apocalyptic spiritual beliefs.

Source: News Formal (newsformal.com)

Federal Prosecutors Media Company Unemployment Benefits Bank Accounts Epoch Times Money Laundering

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