Epoch Times CFO Charged With $67M Fraud Scheme Involving Crypto Platform

Epoch Times CFO Charged With $67M Fraud Scheme Involving Crypto Platform

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Source: Coindesk.com

Epoch Times CFO Bill Guan was charged with participating in a scheme to launder $67 million in illicit funds to benefit himself and the company. The scheme involved using cryptocurrency to purchase crime proceeds at a discount and funneling them into the company's accounts, leading to a significant increase in Epoch Times' reported annual revenue.

Read More https://www.coindesk.com/policy/2024/06/04/epoch-times-cfo-charged-with-67m-fraud-scheme-involving-crypto-platform/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Epoch Times CFO Charged With $67M Fraud Scheme Involving Crypto Platform" appeared first here Coindesk.com.

Source: Coindesk.com

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