Feds Accuse Far-Right Newspaper of Being a Money Laundering Operation

The chief financial officer of The Epoch Times has been indicted for his alleged participation in a $67 million money laundering scheme that involves the far-right newspaper.

In an indictment that was unsealed by the Southern District of New York on Monday, Bill Guan was charged with one count of conspiring to commit money laundering and two counts of bank fraud. Each count carries at least a 20-year prison sentence.

While the SDNY noted that the charges “do not relate to the Media Company’s newsgathering activities,” the indictment makes it clear that Guan’s alleged scheme “benefited a multinational media company” and included a “Make Money Online (MMO)” team that helped pad The Epoch Times’ bottom line.

Read more at The Daily Beast.