Epoch times cfo arrested on charges of money laundering – Breaking News & Latest Updates 2026
Skip to main content
The homepageThe VergeThe Verge logo.
The homepageThe VergeThe Verge logo.
Posted
R
Richard Lawler
Epoch Times CFO arrested on money laundering charges.

A few years ago, Facebook accused Epoch Media Group of laundering pro-Trump posts using networks of fake accounts. Today, prosecutors announced the arrest of The Epoch Times CFO Bill Guan and accused him of laundering at least $67 million for himself and the company using gift cards and crypto.

The “media company” allegedly claimed the money came from donations, profits, or subscriptions, as NBC News reported last year.

3. Members of the MMO Team and other scheme participants moved the crime proceeds into the Media Entities’ accounts through tens of thousands of layered transactions utilizing, among other things, prepaid debit cards and financial accounts that were opened using stolen identification information, including the personal identification information of U.S. residents.
Image: USAO - New York, Southern
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Comments
Loading comments
Getting the conversation ready...

Most Popular

Most Popular
  1. You’re about to feel the AI money squeeze
  2. Microsoft brings Xbox back, scraps Microsoft Gaming
  3. Leak reveals new Xbox Game Pass ‘Starter Edition’ that’s part of Discord Nitro
  4. 360-degree cameras have a new superpower
  5. THE PEOPLE DO NOT YEARN FOR AUTOMATION
    Video

More in Law

Here’s how Amazon’s price fixing allegedly drove up prices everywhereHere’s how Amazon’s price fixing allegedly drove up prices everywhere
Judge rules Trump administration violated the First Amendment in fight against ICE-trackingJudge rules Trump administration violated the First Amendment in fight against ICE-tracking
Spotify just won $322 million from music pirates it can’t findSpotify just won $322 million from music pirates it can’t find
NZXT to pay $3.45 million settlement over Flex PC rentalsNZXT to pay $3.45 million settlement over Flex PC rentals
John Deere will pay farmers $99 million over right-to-repair lawsuitJohn Deere will pay farmers $99 million over right-to-repair lawsuit
A folk musician became a target for AI fakes and a copyright trollA folk musician became a target for AI fakes and a copyright troll

Top Stories