Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Freedom Bunker
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Huawei To Stand Trial In US On Charges Of Bank Fraud, Sanctions Violations, Theft

% of readers think this story is Fact. Add your two cents.


Huawei To Stand Trial In US On Charges Of Bank Fraud, Sanctions Violations, Theft

Authored by Austin Alonzo via The Epoch Times,

Chinese company Huawei Technologies will stand trial on multiple charges after a federal judge denied its bid to dismiss a long-running case against it.

On July 1, District Judge Ann Donnelly of the U.S. District Court for the Eastern District of New York ruled that there was sufficient evidence to proceed with a 16-count indictment against Huawei and its subsidiaries.

Huawei, which is closely tied to the Chinese communist regime, stands accused of racketeering, stealing trade secrets from six U.S. companies, and committing bank fraud.

With Donnelly’s ruling, the case will move forward toward trial. Currently, the proceedings are scheduled to begin on May 4, 2026.

Huawei stands charged with using a Hong Kong-based front company, Skycom, to conduct business in Iran in violation of U.S. sanctions and with misleading banks in order to facilitate more than $100 million in illegal money transfers.

Additionally, the indictment alleges that Huawei engaged in racketeering to expand its global brand.

Representatives of Huawei did not respond to a request for comment from The Epoch Times by publication time.

In November 2024, Huawei pleaded not guilty and called itself “a prosecutorial target in search of a crime.”

The upcoming trial is expected to last several months and could have significant implications for the ongoing tensions between the United States and China over technology, trade, and national security.

As part of the long-running federal investigation into Huawei’s business dealings, Huawei’s chief financial officer, Meng Wanzhou, also the daughter of the company’s founder, Ren Zhengfei, was previously charged and detained in Canada for nearly three years before the charges against her were dismissed in 2022 as part of a deferred prosecution agreement.

Huawei, based in Shenzhen, China, operates in more than 170 countries and employs approximately 208,000 people worldwide. The U.S. government has imposed restrictions on Huawei’s access to U.S. technology since 2019, citing national security concerns; Huawei has denied those accusations.

Along with manufacturing smartphones and consumer technology, Huawei is emerging as a manufacturer of advanced processing chips essential to the development of artificial intelligence.

The Epoch Times reported in June that the race to develop cutting-edge artificial intelligence and the hardware that powers it is tantamount to an arms race between the United States and the Chinese regime.

In June, Taiwan, a leader in the world of semiconductor manufacturing, imposed new export restrictions on Huawei, citing “national security concerns.” The move brings Taiwan’s priorities more in line with the U.S. policy aimed at denying communist China access to cutting-edge technology that could be used to further its military ambitions.

Tyler Durden Thu, 07/03/2025 – 18:55


Source: https://freedombunker.com/2025/07/03/huawei-to-stand-trial-in-us-on-charges-of-bank-fraud-sanctions-violations-theft/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.