New cryptocurrency money laundering scandal in the US

A senior executive at The Epoch Times newspaper in New York was accused of laundering money with cryptocurrencies in the amount of USD $67 million

The head of the New York-based newspaper Epoch Times, Boll Guan, was arrested and faces charges of cryptocurrency money laundering in the order of $67 million.

In this way, a new plot of crimes with digital currencies emerges in the US, where the person involved has also been accused of bank fraud by the Department of Justice.

Guan has been hit with criminal charges after it was alleged that he “purchased crypto with illicit funds to benefit himself and the company.” In this sense, the United States Attorney’s Office for the Southern District of New York issued a statement announcing the indictment against the financial director of The Epoch Times, “for conspiracy to commit money laundering, as well as two counts of bank fraud for carrying out a plan transnational to launder funds illegally.”

Prosecutors in the case accused the executive of orchestrating The Epoch Times “Make Money Online” (MMO) group, which is accused of using cryptocurrencies to “purchase tens of millions of dollars in illicit funds, including unemployment insurance benefits.” illegally obtained and that had been loaded onto tens of thousands of prepaid debit cards.”


Source: diariobitcoin

(Reference image source: Bermix Studio in Unsplash)

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