The chief financial officer of The Epoch Times, a conservative multinational media company, is accused of taking part in a multi-year scheme to launder tens of millions of dollars in fraudulently obtained unemployment benefits and other funds, according to an indictment unsealed Monday. Arrested on Sunday, Weidong “Bill” Guan, 61, of Secaucus, New Jersey, appeared Monday before a federal judge in New York on charges of conspiring to commit money laundering and bank fraud. Guan is accused of participating in a “sprawling transnational scheme" with others to launder at least $67 million to the New York-based media company's bank accounts and related entities.
The Indian rupee will open marginally higher on Tuesday, with the intraday direction to be dictated by results of the country's general elections. Non-deliverable forwards (NDF) indicate the rupee will open at 83.08-83.10 to the U.S. dollar compared with 83.1425 in the previous session. The uptick at open indicated by NDF "has got to do with the overall dollar weakness and hardly matter today", a FX trader at a bank said.
Jun. 3—MORGANTOWN — Hope Gas residential customers could see their bill rise by $6.08 per month under a proposal submitted to the Public Service Commission. The figure is included in Hope's annual Pipeline Replacement and Expansion Program (PREP) filing. The hike represents a 6.34 % increase for residential customers. Hope wants to have its new rates effective Nov. 1. Additionally, West ...
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