Epoch Times CFO charged with money laundering

Weidong "Bill" Guan stands accused of laundering $67 million

Woman passes out Epoch Times at "Stop the Steal" rally
The newspaper was a major booster of Donald Trump and various conspiracy theories starting in 2016
(Image credit: Andrew Lichtenstein / Corbis via Getty Images)

What happened

Weidong "Bill" Guan, chief financial officer of the right-wing Epoch Times news organization, was arrested and charged with "participating in a transnational scheme to launder at least approximately $67 million of illegally obtained funds," the Justice Department said Monday. Guan, 61, pleaded not guilty.

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.