The recent indictment of The Epoch Times, a media company known for its right-wing propaganda and close ties to the MAGA Republican movement, has shed light on a massive money laundering scheme allegedly orchestrated by its Chief Financial Officer, Weang Guan, also known as Bill Guan.

The indictment, brought forth by federal prosecutors in the Southern District of New York, accuses Guan of participating in a transnational conspiracy to launder at least $67 million in illegally obtained funds.

According to the indictment, Guan led the operation while working as the CFO of The Epoch Times, headquartered in New York City. The scheme allegedly involved using cryptocurrency to purchase tens of millions of dollars in crime proceeds, including funds obtained fraudulently from unemployment insurance benefits. These funds were then laundered through various bank accounts associated with The Epoch Times and other related entities, including Guan’s personal accounts.

The indictment also reveals that the media company’s internal financial records showed a significant increase in annual revenue during the period of the alleged money laundering scheme. When questioned by banks about the source of these funds, Guan reportedly lied, claiming that they came from donations.

The charges against Guan carry potential maximum sentences of up to 20 years in prison for money laundering and 30 years for bank fraud. The indictment emphasizes that the charges do not relate to The Epoch Times’ news gathering activities but rather to how those activities were funded.

The Epoch Times has long been known as a preferred news source for MAGA Republicans, often promoting right-wing propaganda and conspiracy theories. Prominent figures within the movement, including politicians like Ted Cruz and media personalities like Bernard Kerik, have frequently endorsed and shared content from The Epoch Times.

However, the indictment raises questions about the legitimacy of the media company and its financial operations. It suggests that The Epoch Times may have been using its platform to launder money and support right-wing politicians, including former President Donald Trump.

The indictment comes at a time when the MAGA Republican movement is facing increasing scrutiny, particularly following Trump’s conviction on multiple felony charges. Some members of Congress, such as Representative Andy Biggs, have attempted to downplay Trump’s legal troubles by suggesting that the average American commits three felonies a day, implying that over-legislation by Congress should be avoided.

But as the indictment against The Epoch Times demonstrates, the real issue may lie in the corruption and criminal activity that has permeated certain sectors of the MAGA Republican movement. By relying on a media outlet implicated in a massive money laundering scheme, MAGA Republicans risk further tarnishing their already controversial reputation.

In conclusion, the indictment of The Epoch Times CFO for money laundering underscores the need for accountability within the media industry and the political movements it supports. It serves as a reminder that no organization or individual is above the law, and those who engage in illegal activities will be held accountable, regardless of their political affiliations.