Bill Guan, 61, of Secaucus, New Jersey, is facing up to 80 years in prison.

 Biden Regime Indicts Epoch Times Chief Financial Officer in Alleged $67 Million Money Laundering Scheme

Damian Williams, the US Attorney for the Southern District of New York (SDNY) on Monday announced the unsealing of an indictment charging Weidong Guan, a/k/a “Bill Guan,” the Chief Financial Officer of conservative media company The Epoch Times with participating in a $67 million transnational money laundering scheme.

Bill Guan, 61, of Secaucus, New Jersey, is facing up to 80 years in prison.

He was charged with one count of conspiring to commit money laundering, which carries a maximum sentence of 20 years in prison, and two counts of bank fraud, each of which carries a maximum sentence of 30 years in prison.

Bill Guan was arrested on Sunday morning and appeared before a magistrate judge on Monday afternoon.

“As alleged, Bill Guan, the Chief Financial Officer of a global newspaper and media company, conspired with others to benefit himself, the media company, and its affiliates by laundering tens of millions of dollars in fraudulently obtained unemployment insurance benefits and other crime proceeds. When banks raised questions about the funds, Guan allegedly lied repeatedly and falsely claimed that the funds came from legitimate donations to the media company.

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