Weidong Guan, Conspiracy, New York 2023
NEW YORK, NY - Weidong Guan, a/k/a 'Bill Guan,' the former Chief Financial Officer of The Epoch Times Association, Inc., pleaded guilty to participating in a conspiracy to launder at least $67 million in fraud proceeds.
According to the press release from the Department of Justice, Guan's guilty plea was announced by the United States Attorney for the Southern District of New York, Jay Clayton.
Guan, who was a resident of New York, New York, was charged with one count of conspiracy to engage in transactions involving criminal proceeds, in violation of Title 18, United States Code, Section 1957.
The charges against Guan stem from a transnational scheme to launder at least approximately $67 million of illegally obtained funds through a complex network of transactions and shell companies.
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