Former CFO Pleads Guilty in $67M Laundering Scheme | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews Former CFO of The Epoch Times, Weidong Guan, pleaded guilty to laundering over $67 million in criminal proceeds—including fraudulently obtained unemployment funds—through the company’s accounts using cryptocurrency from 2020 onward. Guan admitted he knew the money was illicit but chose not to investigate, calling it a “tremendous lapse in judgment.” He faces up to ten years in prison. Prosecutors emphasize the charges are unrelated to the outlet’s journalism, and The Epoch Times says it’s cooperating fully while reaffirming its commitment to integrity. The case highlights the financial underbelly of a rapidly growing conservative media outlet known for its support of Donald Trump. 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/775dec9978c806ea