CayceG Posted June 3 Share Posted June 3 Chief Financial Officer Of Multinational Media Company Charged With Participating In Scheme To Launder At Least $67 Million In Fraud Proceeds WWW.JUSTICE.GOV Damian Williams, the United States Attorney for the Southern District of New York; Jonathan Mellone, the Special Agent in Charge of the Northeast Region of the U.S. Department of Labor’s Office of Inspector General (“DOL-OIG”); and Andrew Wroblewski, the Assistant Director of the U.S. Department of State’s Diplomatic Security Service (“DSS”) Domestic Operations, announced the unsealing of an... Quote Indictment charging WEIDONG GUAN, a/k/a “Bill Guan,” the Chief Financial Officer of a multinational media company headquartered in New York City with participating in a transnational scheme to launder at least approximately $67 million of illegally obtained funds to benefit himself and the media company. GUAN was arrested yesterday morning and will be presented this afternoon before U.S. Magistrate Judge Stewart D. Aaron. U.S. Attorney Damian Williams said: “As alleged, Bill Guan, the Chief Financial Officer of a global newspaper and media company, conspired with others to benefit himself, the media company, and its affiliates by laundering tens of millions of dollars in fraudulently obtained unemployment insurance benefits and other crime proceeds. When banks raised questions about the funds, Guan allegedly lied repeatedly and falsely claimed that the funds came from legitimate donations to the media company. Today’s charges reflect this Office’s ongoing commitment to vigorously enforcing the laws against those who facilitate fraud through money laundering and to protecting the integrity of the U.S. financial system.” Under GUAN’s management, members of the MMO Team and others used cryptocurrency to knowingly purchase tens of millions of dollars in crime proceeds, including proceeds of fraudulently obtained unemployment insurance benefits, that had been loaded onto tens of thousands of prepaid debit cards. The crime proceeds were generally purchased by the scheme participants, including members of the MMO Team and others working with them, using a particular cryptocurrency platform, at discounted rates of approximately 70 to 80 cents per dollar, and in exchange for cryptocurrency. Once the crime proceeds were purchased, the MMO Team and other participants in the scheme used stolen personal identification information to open accounts, including prepaid debit card accounts, cryptocurrency accounts, and bank accounts, that were used to transfer the crime proceeds into bank accounts associated with the Media Entities. After the crime proceeds reached those bank accounts, they were often further laundered through other bank accounts held by the Media Entities, GUAN’s personal bank accounts, and through GUAN’s personal cryptocurrency accounts. In or around the same time the money laundering scheme began, the Media Company’s internal financial accounting reflected an increased annual revenue over the previous year of approximately 410%—from approximately $15 million to approximately $62 million. When banks asked GUAN about the increase in transactions entering the bank accounts of the Media Entities, GUAN lied, including to two U.S.-based banks, and claimed that the increase in funds came from donations. However, in 2022, GUAN wrote a letter addressed to a congressional office falsely stating “donations” constitute “an insignificant portion of the overall revenue” of the Media Company. I do love to see a right wing cult entity get absolutely butt-fucked because they did real-ass big boy crimes. 1 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted June 3 Share Posted June 3 The right wing loves white collar crime Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted June 3 Share Posted June 3 BUT WHAT ABOUT THE DANCE TROUPE?!? Quote Link to comment Share on other sites More sharing options...
CayceG Posted June 3 Author Share Posted June 3 6 minutes ago, Commissar SFLUFAN said: BUT WHAT ABOUT THE DANCE TROUPE?!? Doing crimes to personally enrich yourself and fund your horrible political efforts is the throughline of 3,000 years of Chinese civilization before Communism. 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted June 3 Share Posted June 3 What say you, Axl? Quote Blame it on the Falun Gong They see the end and you can't hold on now Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted June 3 Share Posted June 3 2 minutes ago, CayceG said: Doing crimes to personally enrich yourself and fund your horrible political efforts is the throughline of 3,000 years of Chinese civilization before Communism. I have a podcast for that! The History of China – The Official Site of The History of China Podcast THEHISTORYOFCHINA.WORDPRESS.COM The Official Site of The History of China Podcast 1 1 Quote Link to comment Share on other sites More sharing options...
chakoo Posted June 4 Share Posted June 4 God I hope the paper gets shut down too. I'm certain the paper helped push my Father in Law to become a big trump fan. -.- Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted June 4 Share Posted June 4 An epoch grift! Quote Link to comment Share on other sites More sharing options...
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