Former Epoch Times executive pleads guilty to multimillion-dollar fraud scheme that funded newspaper

MANHATTAN (CN) — A former finance executive at The Epoch Times pleaded guilty Thursday to running a $67 million fraud scheme that funneled illicit proceeds to the right-wing newspaper.

Weidong “Bill” Guan, 63, pleaded guilty to one count of conspiracy to engage in transactions involving criminal proceeds. The plea came on the third day of jury selection for Guan’s federal trial as prospective jurors waited in a neighboring courtroom.

The jurors ultimately were not needed. Guan admitted that, as The Epoch Times’ chief financial officer, he began working with a Vietnam-based group known as the “Make Money Online” team in 2019.

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