The publisher of Epoch Times has been accused of trying to launder $67 million of fraud funds. (So far this story has not been reported on the conservative website.)
The Southern District of New York says: “Bill Guan, 61, of Secaucus, New Jersey, is 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. The charges do not relate to the Media Company’s newsgathering activities.”
The maximum potential sentences are prescribed by Congress and are provided here for informational purposes only, as any sentencing of the defendant will be determined by the judge.
U.S. Attorney Damian Williams said: “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. Today’s charges reflect this Office’s ongoing commitment to vigorously enforcing the laws against those who facilitate fraud through money laundering and to protecting the integrity of the U.S. financial system.”
DOL-OIG Special Agent in Charge Jonathan Mellone said: “An important part of the mission of the Office of Inspector General is to investigate allegations of fraud involving the U.S. Department of Labor’s unemployment insurance program. We will continue to work with our law enforcement partners to safeguard benefits intended for unemployed American workers.”
DSS Domestic Operations Assistant Director Andrew Wroblewski said: “This case highlights the expansive global reach of the Diplomatic Security Service, demonstrating our capacity to collaborate effectively with both U.S. and international law enforcement agencies on complex transnational cases. DSS, along with our law enforcement partners, are tirelessly working to conduct investigations of this nature daily around the world.”
