Earlier quoted context omitted.
the logic is: "everything I don't like (gay people etc) is communism"
That's very uncharitable. The Epoch Times is explicitly anti-CCP; anti Chinese communist party.
It's also run by a cult.
Epoch Times CFO charged in $67M crypto money laundering plot
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Re: Epoch Times CFO charged in $67M crypto money laundering plot
#42I continue to be convinced that the only valid use cases for crypto are scams and money laundering -- chalk up this one to the latter. Can anyone name an application besides those two things that traditional finance doesn't handle better?
1. Sending money to dangerous people like Julian Assange. 2. Sending money to relatives in the third world 3. Keeping your savings when the currency of your nation is going through hyperinflation
Point 3 is bad advice, historically it's been the Swiss franks that is the gold standard for saving up in case of hyperinflation.
Re: Epoch Times CFO charged in $67M crypto money laundering plot
#43Wow. I wonder what they were buying? It’s not spelled out in the article I didn’t realize they were affiliated with Falun Gong. The only reason I even know this company existed is their billboards started popping up on the highway recently.
We used to occasionally get Epoch Times issues stuffed into our mailbox. (Illegally, I understand, since they were not delivered by the USPS.) They were full of the most disgusting bigoted hateful rhetoric. It actually made me feel quite uncomfortable, thinking about who was writing and distributing it. "Shen Yun", a show that also has billboard ads all over the bay area, is also a Falun Gong operation, just like Epo…
Bias alert first, I'm your genuine Chinese, and I don't really like Falun Gong.
Maybe they are full of rhetoric, but their propaganda is effective, to the point which you can predict people's narrative based on the recent publications from The Epoch Times, though it mainly effects under-educated Chinese-speaking families who can't consume more established English newspaper/media.
Being a far-right (See the description on Wikipedia [1]) media, they mirrors the narrative of other English far-right medias, and they forwards those narratives to Chinese-reading consumers. I guess that's their business model.
Also, "Shen Yun" is not Chinese culture, rather the Chinese culture in "Shen Yun" was used as props to add a dose of eastern mystery to attract western audience. Very nice marketing I might add.
Re: Epoch Times CFO charged in $67M crypto money laundering plot
#44Earlier quoted context omitted.
Organ harvesting in Chinese prisons is a real thing that happened (state even acknowledged it), but to what extent and until when is unclear. The probably most comprehensive write-up on the issue is by the China Tribunal, but I wouldn't take their words ar face value, since all the authors are falun gong associated or have a vested interest in making China look bad. If you're interested in the topic, read the report,…
> Since the harsh crackdown in the 90s, mostly the cult side is left, and they are dangerous loonies. Be careful what you believe about the Falun Gong; the CCP has spent vast amounts of money and resources smearing them, you can't take everything you read at face value.
True, but I think what they say about themselves is already enough of an indictment. And then the leader lives on a giant luxurious ranch in DC with his dozen or so wives, while managing a global disinformation empire that allegedly is also involved in criminal behaviour.
Re: Epoch Times CFO charged in $67M crypto money laundering plot
#45Earlier quoted context omitted.
1. Sending money to dangerous people like Julian Assange. 2. Sending money to relatives in the third world 3. Keeping your savings when the currency of your nation is going through hyperinflation
Point 3 is bad advice, historically it's been the Swiss franks that is the gold standard for saving up in case of hyperinflation.
Agreed, but someone in say Argentina or Nigeria will use crypto as that is more attainable.
Re: Epoch Times CFO charged in $67M crypto money laundering plot
#46Earlier quoted context omitted.
These indictments always read so weird, like they're trying to describe a nefarious criminal organization even though its behavior is just the same as any other enterprise. So they performed an unspecified financial transaction (allegedly illegal but not proven), which turned a profit, then paid the money out to a lot of people, who in turn paid some of it back to them later. Isn't that just... the economy? Walmart p…
The entire point of an indictment is to lay out a series of probable crimes in order to arrest the individual or individuals, stop the crimes in progress, and set up a potential prosecution. It is not a prosecution. Further, as to prosecuting the thefts, for all we know that is the next step, or they have already done that and secured the cooperation of those conspirators as witnesses.
An indictment implies that charges are being filed and therefore that the prosecution already thinks they can prove their case. If they can't even prove if there is an underlying crime, what are they supposed to be preventing?
The entire problem is that they've set things up so they can charge people with something even if they can't prove the underlying crime, in order to exert undue leverage on them -- or even go all the way to conviction without ever proving the underlying crime, which is an injustice.
Re: Epoch Times CFO charged in $67M crypto money laundering plot
#47Earlier quoted context omitted.
the logic is: "everything I don't like (gay people etc) is communism"
That's very uncharitable. The Epoch Times is explicitly anti-CCP; anti Chinese communist party.
Yes, but it's the "John Birch Society" form of anti-communist, not the "Solidarity" kind.
Re: Epoch Times CFO charged in $67M crypto money laundering plot
#48For those who don't know, Epoch Times is the media outlet of Falun Gong.
Who would have though that importing a crazy ass cult wouldn't result in shady businesses starting to happen around such a cult.
Re: Epoch Times CFO charged in $67M crypto money laundering plot
#49Earlier quoted context omitted.
That’s an interesting opinion but there is a law and order benefit to a transparent financial system. Prosecuting launderers increases confidence in our economy.
Confidence in the financial system comes from knowing you won't suddenly lose access to your funds, and AML promotes the opposite of this. There are countless stories of small businesspeople suddenly being locked out of their bank accounts because their transaction patterns looked suspicious. On the global level, more and more countries are reducing the dependence on the US dollar to avoid sanctions or appropriation;…
> There are countless stories of small businesspeople suddenly being locked out of their bank accounts because their transaction patterns looked suspicious
This doesn’t sound like one of those stories. Remains to be seen once the prosecution and defense make their cases in court and a judge or jury rules on it.
Re: Epoch Times CFO charged in $67M crypto money laundering plot
#50I knew that newspaper name tickled something in the back of my head.
> It was started by Chinese-Americans affiliated with a religious group called Falun Gong.
Ahh yes, “religious group” aka cult, and that’s why no one in the company looked twice at the 400%+ increase in revenue.