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Sat Aug 4, 2012, 07:26 PM

Las Vegas Sands target of money-laundering investigation – report

Source: Reuters

Las Vegas Sands Corp, controlled by billionaire Republican donor Sheldon Adelson, is the target of a federal investigation into possible violations of US money-laundering laws, the Wall Street Journal reported on Saturday.

The Los Angeles US attorney's office is looking into the casino company's handling of the receipt of millions of dollars from a Mexican businessman, later indicted in the United States for drug trafficking, and a former California businessman, later convicted of taking illegal kickbacks, the Journal said, citing lawyers and others involved in the matter.

... The Journal said there are no indications that actions by Adelson, who is the company's chief executive officer and largest shareholder, are being investigated.

... The timing of the investigation could open the Justice Department to criticism that it is politically motivated, the Journal said. Adelson is a major donor to the super PAC supporting presumed Republican presidential nominee Mitt Romney against President Barack Obama and plans to spend $100m on Republican candidates in November's elections.

Read more: http://www.guardian.co.uk/world/2012/aug/04/las-vegas-sands-investigation-report

24 replies, 4567 views

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Arrow 24 replies Author Time Post
Reply Las Vegas Sands target of money-laundering investigation – report (Original post)
Newsjock Aug 2012 OP
Panasonic Aug 2012 #1
tosh Aug 2012 #2
boppers Aug 2012 #3
MotherPetrie Aug 2012 #4
elleng Aug 2012 #5
riverbendviewgal Aug 2012 #6
Kingofalldems Aug 2012 #7
Kablooie Aug 2012 #8
JDPriestly Aug 2012 #9
mountain grammy Aug 2012 #10
JeffHead Aug 2012 #11
goclark Aug 2012 #12
McCamy Taylor Aug 2012 #13
BrendaBrick Aug 2012 #21
wordpix Aug 2012 #14
AndyTiedye Aug 2012 #15
wordpix Aug 2012 #20
Spitfire of ATJ Aug 2012 #16
Kingofalldems Aug 2012 #17
goclark Aug 2012 #18
wordpix Aug 2012 #19
Kingofalldems Aug 2012 #22
dbackjon Aug 2012 #23
Cali_Democrat Aug 2012 #24

Response to Newsjock (Original post)

Sat Aug 4, 2012, 07:27 PM

1. Good. The heat has to stay on Adelson as long as possible

 

And let's light a fire up on Koch's ass too.

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Response to Newsjock (Original post)

Sat Aug 4, 2012, 07:31 PM

2. K&R!!

This could be fun!

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Response to Newsjock (Original post)

Sat Aug 4, 2012, 07:36 PM

3. A casino launder money on 95 cents a dollar? How ... uhm... usual.

Yeah, there's probably no story here.

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Response to Newsjock (Original post)

Sat Aug 4, 2012, 07:46 PM

4. GET this asshole!

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Response to Newsjock (Original post)

Sat Aug 4, 2012, 07:51 PM

5. THIS is the important piece:

US authorities also are investigating the Sands to see if there were breaches of the Foreign Corrupt Practices Act (FCPA), which prohibits bribes to foreign officials by US companies, in its Macau operation.

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Response to Newsjock (Original post)

Sat Aug 4, 2012, 07:55 PM

6. Awful for Canada

Today in our Toronto Star....

http://www.thestar.com/news/gta/article/1236916--toronto-casino-a-hidden-battle-for-the-prize
U.S. gambling giants working hard to win the coveted prize of Toronto are eager to fund non-gambling attractions at Ontario Place if they can operate a casino across the bridge at Exhibition Place.

That scenario — helping the cash-strapped province rebuild Ontario Place, pouring Exhibition lease payments into City of Toronto coffers and creating thousands of jobs — is being floated by some aligned with MGM Resorts.

Rival bidder Caesars Entertainment is also intrigued by the idea of an “integrated resort” straddling Lake Shore Blvd., with clearly marked sides for family and adult fun, but doesn’t want to appear to be pushing a particular GTA location.

Officials with those companies, along with Las Vegas Sands and Woodbine Entertaiment Group, are forbidden from publicly discussing their plans under terms of the “Request for Information” each has submitted to Ontario Lottery and Gaming Corp.

But the Star spoke to several on background this week and discovered that, while officially quiet until Toronto council decides this fall whether to welcome a casino, the fight for what one called gambling’s “biggest opportunity in the world right now” is quietly feverish.

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Response to Newsjock (Original post)

Sat Aug 4, 2012, 08:06 PM

7. His little internet pally won't like this one

We'll have to apologize.

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Response to Newsjock (Original post)

Sat Aug 4, 2012, 08:10 PM

8. Maybe this money laundering investment is an item on Romney's tax returns.

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Response to Newsjock (Original post)

Sat Aug 4, 2012, 09:18 PM

9. Casinos would obviously be great places to launder money.

So, as I understand the OP, the casino's money may be dirty, but it is laundered thoroughly at the gaming tables before Adelson donates to the campaigns.

Of course!!! sarcasm.

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Response to Newsjock (Original post)

Sat Aug 4, 2012, 10:02 PM

10. Time to reign in the idle rich

These men (I have better names for them, but trying for civility here) run around the world making deals and building lavish casinos and resorts, with infrastructure provided by local governments (taxpayers.) When it works, the profits are obscene for the rich guy, and when it doesn't, no worries, the taxpayers get the bill for that too. A win win for Adelson and his band of merry men.

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Response to Newsjock (Original post)

Sat Aug 4, 2012, 10:02 PM

11. Why is it always a foreign news service reporting this stuff?

I get more real news from RT America, Al Jazeera English, The Financial Times of London, and other news agencies outside this country, than any American based media. It's all corporate controlled, corporate approved propaganda. 90% of ALL media in this country is owned by 6 corporations. Want an example? Just watch this. Orwell Rolls in his Grave (Full 3HR Documentary) Its long but, worth a look.

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Response to Newsjock (Original post)

Sat Aug 4, 2012, 10:20 PM

12. Surprise, surprise!

They are a bunch of crooks!

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Response to Newsjock (Original post)

Sat Aug 4, 2012, 10:50 PM

13. Political contributions from casinos should be illegal. Too easy for illegal donors to funnel

money through a casino in the form of "gambling losses". Hell, the biggest drug king pins in Mexico could buy a U.S. president this way, with no money trail.

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Response to McCamy Taylor (Reply #13)

Sun Aug 5, 2012, 06:57 PM

21. Good point.

Not a good combination at all.

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Response to Newsjock (Original post)

Sat Aug 4, 2012, 10:50 PM

14. better get this guy before he croaks

Adelson looks really unhealthy. I don't know how old he is but he looks 80 and has a big gut. Not a good combination.

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Response to wordpix (Reply #14)

Sun Aug 5, 2012, 01:40 AM

15. Think He Might do a Ken Lay?

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Response to AndyTiedye (Reply #15)

Sun Aug 5, 2012, 10:30 AM

20. born 1933, that makes him 79. He won't last long with that gut of his, not to mention his bad karma

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Response to Newsjock (Original post)

Sun Aug 5, 2012, 02:23 AM

16. Must be really dirty.

Sand blasted money.

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Response to Newsjock (Original post)

Sun Aug 5, 2012, 08:01 AM

17. K and R every day.

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Response to Newsjock (Original post)

Sun Aug 5, 2012, 09:38 AM

18. Tip of the iceburg for the Crookbrothers

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Response to Newsjock (Original post)

Sun Aug 5, 2012, 10:28 AM

19. "On Adelson, No Need for Apologies"---article about this POS

http://www.lvrj.com/opinion/on-adelson-no-apologies-165046396.html

snip:
Sure, Democrats want to embarrass Adelson - who may become the single largest Republican donor this year - by repeating scandalous allegations contained in a lawsuit filed by a dismissed employee, alleging that Adelson conscienced prostitution in his Macau casinos. Thus, Chinese prostitution money was flowing to Republican coffers, they said. snip

Democrats never even broached allegations contained in lawsuits that Adelson - who according to Forbes is worth nearly $25 billion and is the 14th richest man in the world - stiffed his former driver and members of the detail that protects his family for required overtime wages. (Adelson was dropped from the former lawsuit, but his company is still a defendant.)

But those charges are still being litigated. So let's confine ourselves to the well-known things Democrats could have pointed out about Adelson.

For example, Adelson has elected not to sign a contract with the Culinary union, which is his right. But Adelson went further: When the Culinary staged a pre-opening protest at The Venetian, the casino's staff demanded police arrest demonstrators, and when officers refused, Sands sued. A federal judge determined the sidewalks outside Strip casinos are public forums, but Sands appealed that ruling to the U.S. Supreme Court before being rebuffed. snip

Wow, he wouldn't pay his driver and security overtime and he's worth $25 billion! Can you believe this POS?

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Response to Newsjock (Original post)

Mon Aug 6, 2012, 01:46 PM

22. Kick this one

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Response to Newsjock (Original post)

Mon Aug 6, 2012, 02:32 PM

23. Freeze ALL of hsi assets - NOW

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Response to Newsjock (Original post)

Mon Aug 6, 2012, 04:53 PM

24. Awesome!

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