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The Independent UK
The Independent UK
National
Larry Neumeister

A top executive at one of Trump’s biggest media allies pleads guilty in $67M fraud case

The former chief financial officer of The Epoch Times, the conservative media outlet known for its strong support of President Donald Trump, pleaded guilty Thursday to a federal conspiracy charge, abruptly ending his trial before opening statements.

Weidong "Bill" Guan, 63, admitted in Manhattan federal court that he took part in a scheme prosecutors say laundered about $67 million in fraud proceeds, including money from fraudulently obtained unemployment benefits, through bank accounts linked to the New York-based media company and related entities.

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