'Make Money Online' | U.S. newspaper boss in hot water over multi-million money laundering scam

The chief financial officer of the right-wing outlet The Epoch Times is facing serious legal trouble after being accused of orchestrating a multi-million dollar money-laundering scheme.

Weidong Guan, also known as Bill Guan, of Secaucus, New Jersey, has been charged by federal prosecutors in New York with bank fraud and conspiracy to commit money laundering. If convicted, he could face up to 80 years in prison.

The indictment, filed on June 3, alleges that Guan played a central role in moving at least $67 million in illicit funds through the media company's bank accounts.

Prosecutors claim that Guan and his team, operating under the department name "Make Money Online," used cryptocurrency to purchase tens of millions of dollars in crime proceeds.