CHIEF FINANCIAL OFFICER PLEADS GUILTY TO CONSPIRACY TO LAUNDER $67 MILLION DOLLARS IN FRAUD PROCEEDS

WASHINGTON, July 10 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:

United States Attorney for the Southern District of New York, Jay Clayton,announced thatWEIDONG GUAN, a/k/a "Bill Guan," the former Chief Financial Officer of The Epoch Times Association, Inc. (the "Epoch Times"), an international media company headquartered in New York, New York, pled guilty yesterday to participating in a conspiracy to engage in transactions involving criminal proceeds as part of a transnational scheme to launder at least approximately $67million of illegally obtained funds to benefit, among others, the Epoch Times. GUAN pled guilty before District Judge Victor Marrero. Sentencin...