Mon Dec 3, 2012, 10:02 AM
LynneSin (95,185 posts)
I know this post will sadden you - turns out Sheldon Adelson lost $150mil on that election
Ok yeah I tried typing that with a sad face but didn't work.
Sheldon Adelson Spent Far More On Campaign Than Previously Known
WASHINGTON -- Casino magnate Sheldon Adelson vowed to spend as much as $100 million to defeat President Barack Obama and help the GOP take control of Congress. According to two GOP fundraisers with close ties to the Las Vegas billionaire, he made good on that promise -- and then some. Adelson ultimately upped the ante, spending closer to a previously unreported $150 million, the fundraisers said.
Adelson, a fierce critic of Obama’s foreign and domestic policies, has said that his humongous spending was spurred chiefly by his fear that a second Obama term would bring "vilification of people that were against him." As that second term begins, Adelson's international casino empire faces a rough road, with two federal criminal investigations into his business.
This coming week, Adelson plans to visit Washington, according to three separate GOP sources familiar with his travel schedule. While here, he’s arranged Hill meetings with at least one House GOP leader in which he is expected to discuss key issues, including possible changes to the Foreign Corrupt Practices Act, the anti-bribery law that undergirds one federal probe into his casino network, according to a Republican attorney with knowledge of his plans.
One of the two gamblers, Ausaf Umar Siddiqui, is being probed about over $100 million of his transactions through the casinos. Separately, he was arrested in 2009 and pleaded guilty to accepting illegal kickbacks in his job as an executive with Fry’s Electronics in California. He is now serving a six-year jail term.
The other big gambler in the probe is Zhenil Ye Gon, a Chinese-born Mexican-based businessman, who reportedly transferred $85 million to Sands casinos several years ago. Ye Gon was indicted in 2007 for dealing in illegal drugs, but the charges were dismissed in 2009.
6 replies, 828 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
I know this post will sadden you - turns out Sheldon Adelson lost $150mil on that election (Original post)
Response to LynneSin (Original post)
Mon Dec 3, 2012, 10:14 AM
mucifer (11,103 posts)
1. Wow it's not funny when you think of the amazing things that could have been
done with that money.
But, it's also amazing that with that kind of money he couldn't buy the government he wants.