| US Indicts Epoch
Times CFO Guan for Money
Laundering & Agrees to
Release on $3M Bond
by
Matthew Russell Lee, Patreon Book
Substack
SDNY
COURTHOUSE,
June 3 – Amid the US v. Miles
Guo trial, prosecutors from
the Southern District of New
York on June 3 announced they
are 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."
The media
company is Epoch Times. And
before Judge Aaron in the SDNY
Magistrates Court, which Inner
City Press closely covers,
unlike in the Guo and Wang
case, a bail deal was reached:
"$3,000,000
personal recognizance bond; To
be secured by $250,000 cash;
To be co-signed by three
financially responsible
persons (Not employees of
media company or related
entities); Travel restricted
to SDNY / EDNY / DNJ;
Surrender travel documents and
no new applications; Pretrial
supervision as directed by
pretrial services; Home
detention; Location monitoring
technology as directed by
pretrial services; No contact
with any victims,
co-conspirators, or witnesses
unless in presence of counsel.
May speak with co-workers but
not about this case; Refrain
from opening any new personal
accounts, business accounts,
crypto currency accounts,
loans or lines of credit
without approval of pretrial
services; Def. to be released
on own signature, plus the
following conditions; 1 FRP or
post $250,000 collateral;
Remaining conditions to be met
by: 6/17/2024. -Speedy Trial
time excluded under until
6/21/2024. (Status Conference
set for 6/21/2024 at 10:30 AM
before Judge Victor
Marrero.)
The case
is US v. Guan, 24-cr-322
(Marrero / Aaron)
***
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