Epoch Times CFO indicted by US Department of Justice for alleged cryptocurrency money laundering

The US Department of Justice (DOJ) has sued Bill Guan, the chief financial officer of Epoch Times, a global newspaper and media company, accusing him of participating in a plan to launder about $67 million in cryptocurrency. The indictment accused Guan of participating in a "transnational money laundering conspiracy" for his own benefit, the media company, and its affiliates. According to US prosecutor Damian Williams, Guan is suspected of conspiring with others to launder "tens of millions of dollars" obtained through "fraudulent unemployment insurance benefits" and other illegal activities.