About those billboards...

Earlier this year, billboards began popping up across the country — touting the "#1 Trusted News" next to a man's face and an internet address for The Epoch Times.

Why it matters: There's a complicated story behind the site, especially after the latest development: a money-laundering indictment last month against Weidong "Bill" Guan, its chief financial officer.

• The company said in a statement it would cooperate with investigators and that Guan is suspended until the case is resolved.

Driving the news: Billboards started showing up in San Diego earlier this year — and news racks years earlier.

The other side: The Epoch Times did not respond to Axios' request for comment on the allegations and questions about the billboards.

• The company was not named in the indictment and prosecutors in a statement said the allegations aren't related to "newsgathering activities."

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