Epoch Times Executive Accused of Laundering $67 Million
Weidong Guan was charged with three counts in a scheme that the Justice Department said caused revenue to surge for the company, which has promoted Donald Trump and conspiracy theories.
Weidong "Bill" Guan, CFO of far-right Epoch Times, arrested in the US for his part in conspiracy to launder a massive $67 million in fraudulent proceeds.
Curiously, no reports currently on Epoch Times outlets. 😂
"This Epoch Times CFO indictment is wild. Feds say Epoch Times had a "Make Money Online" team that funded a huge part of the Falun Gong-affiliated, MAGA outlet's budget through money laundering fraudulent debit cards."
That Geoff White guy is absolutely rocking the promotion of his new book "Rinsed", all about money laundering. I thought I could hide in this launderette to escape from it, but no such luck!
Seriously, delighted to get my hands on a copy of "Rinsed" - and I'm confident it will be just as gripping a read as @geoffwhite247's "Crime dot com" and "The Lazarus Heist."
The worthless Maga Message Board stock is a way for fascist (Yass et al) to funnel money to Donald without scrutiny. To funnel large donations outside of election law oversight.
There is zero value in the fake company. It's a scam in plain view.
Trump stands to gain billions… from the merger between TrumpMedia & Tech & the blank-check co [#SPAC] #DWAC, which took the parent company of #TruthSocial public.
But #TrumpMedia almost didn’t make it to the merger after #regulators opened a #securities investigation into it in 2021 & caused the co to burn through cash at an extraordinary rate as it waited…for its IPO.
The situation led TrumpMedia to take emergency #loans, incl’g from an entity called #ESFamilyTrust, which opened an acct w/ #PaxumBank, a small bank registered on the #Caribbean island of #Dominica best known for providing #financial services to the #porn industry.
Postolnikov, the nephew of #AleksandrSmirnov, an ally of the Russian president, Vladimir #Putin, has not been charged w/a #crime. In response to an email to Postolnikov seeking comment, a lawyer in Dominica representing #PaxumBank threatened legal action for reporting the contents of leaked docs.
" ES Family Trust operated like shell co. for a Russian-Am businessman Anton Postolnikov, who co-owns Paxum Bank and has been a subject of a years-long Fed criminal investigation by
FBI and DHS."
[The Washington Post] Sam Bankman-Fried sentenced to 25 years in prison
Sam Bankman-Fried, the former crypto mogul who co-founded FTX, also was ordered to repay more than $11 billion for his conviction on charges related to fraud and money laundering.
By Shayna Jacobs and Julie Zauzmer Weil