Matt Trapani

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Jun 4, 2024, 5:42 PM

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Updated

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The CFO of The Epoch Times was indicted in a multiyear scheme to launder $67 million in unemployment benefits and other funds obtained through fraud.

Weidong "Bill" Guan, of Secaucus, appeared before a federal judge in New York on Monday. He pleaded not guilty.

Federal prosecutors say Guan is accused of participating in a "sprawling trans-national scheme.”

They say the company's "make money online" team - managed by Guan - used cryptocurrency to "knowingly purchase tens of millions of dollars in crime proceeds” loaded onto prepaid debit cards.

A spokesperson for The Epoch Times says the company will cooperate with any investigation dealing with those allegations.

The Epoch Times is a conservative, global news outlet.