Former CFO Pleads Guilty in $67M Fraud | Denver News

Former CFO Weidong Guan of The Epoch Times just pleaded guilty to a massive $67 million fraud scheme, admitting he helped launder money—including stolen unemployment benefits—through the company’s accounts using cryptocurrency. Facing up to 10 years in prison, his plea deal avoids harsher penalties if convicted at trial. Guan confessed to ignoring red flags and called it a “tremendous lapse in judgment,” acknowledging his actions were illegal. Prosecutors emphasize this is unrelated to the outlet’s journalism, which The Epoch Times says it continues to uphold. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/09a719cf43acf979