(Headline USA) The former chief financial officer of The Epoch Times, a conservative multinational media company, interrupted jury selection at his money laundering trial on Thursday to plead guilty to a conspiracy charge in a $67 million fraud scheme.
Weidong “Bill” Guan, 63, of Secaucus, New Jersey, entered the plea in Manhattan federal court, admitting his participation in what prosecutors described as a scheme to launder fraudulently obtained unemployment benefits and other funds through the New York-based media company’s bank accounts and related entities.
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