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According to court papers, members of the company’s “Make Money Online” team, which was managed by Guan, used cryptocurrency since 2020 to “knowingly purchase tens of millions of dollars in crime proceeds,” including funds from fraudulently obtained unemployment benefits that were loaded onto prepaid debit cards.

Stolen personal information was then used to open accounts as part of the money laundering scheme, prosecutors said. The money was further laundered through other bank accounts held by Epoch and Guan’s personal bank and cryptocurrency accounts, they said.