The CFO of Epoch Times is accused of involvement in a $67 million cryptocurrency fraud case
ChainCatcher news, according to CoinDesk, Epoch Times Chief Financial Officer Bill Guan has been charged with involvement in a $67 million cryptocurrency platform fraud scheme, which involved using cryptocurrency to purchase criminal proceeds at a discounted price and funneling them into company accounts, resulting in a significant increase in the annual revenue reported by Epoch Times.Bill Guan was indicted by the U.S. Department of Justice early Tuesday morning. The department alleges that he was involved in a scheme to launder $67 million using cryptocurrency. Bill Guan faces charges of conspiracy to commit money laundering and bank fraud. According to the indictment from the U.S. Department of Justice, money laundering carries a maximum sentence of 20 years in prison, while each count of bank fraud carries a maximum sentence of 30 years in prison.