Epoch Times CFO charged with alleged $67 million scheme

News Snapshot:

The chief financial officer of conservative global news outlet The Epoch Times has been arrested and charged with leading a yearslong scheme to launder at least $67 million in illicit funds, federal prosecutors said Monday. The "sprawling" scheme — which involved cryptocurrency, tens of thousands of prepaid debit cards, fraudulently obtained unemployment insurance benefits and stolen personal information — fueled a massive increase in The Epoch Times' reported annual revenue, prosecutors alleged. Weidong "Bill" Guan, 61, is charged in U.S. District Court in lower Manhattan with one count of conspiracy to commit money laundering and two counts of bank fraud....