Epoch Times CFO Arrested in $67 Million Money Laundering Case

Weidong Guan, financial head of the conservative media outlet, faces charges of laundering illicit funds through cryptocurrency and fraudulent schemes.

• Guan allegedly managed a team that used cryptocurrency to launder funds from fraudulent unemployment benefits.
• The scheme reportedly boosted Epoch Times' annual revenue by 410% within a year.
• Guan faces charges that could result in up to 80 years in prison if convicted on all counts.
• The Epoch Times has suspended Guan and stated it will cooperate with the investigation.
• The charges do not relate to the company's news-gathering activities.

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