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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsA federal grand jury is now investigating Republican mega-donor Sheldon Adelson for money laundering
Posted: 06/05/2013 10:22 am EDT
The legal headaches besetting billionaire Sheldon Adelsons Las Vegas Sands Corp. now include a grand jury in Los Angeles, part of a federal money-laundering probe of his Nevada-based casinos, The Huffington Post has learned.
The involvement of a federal grand jury, not previously reported, suggests an escalation of the money-laundering investigation into Sands and one of its executives, being led by the U.S. attorney for Los Angeles, according to a person with direct knowledge of the inquiry. The person requested anonymity because he wasnt authorized to discuss the grand jurys work, which is not public.
Investigators are probing whether Sands broke money-laundering laws by failing to report millions in potentially questionable transfers of money several years ago by two-high rollers at its casinos. Both men have separately been charged with other crimes and one has since been sentenced to jail for accepting illegal kickbacks.
Grand juries are often used by federal prosecutors for obtaining testimony from witnesses or targets, and issuing subpoenas for documents, said lawyers specializing in white collar investigations. "You typically go to a grand jury when youre ready for indictment, or as a strong-arm tactic" to reach a settlement, said a former federal prosecutor.
http://www.huffingtonpost.com/2013/06/05/sheldon-adelson-grand-jury-money-laundering_n_3381628.html
This guy looks like he's in serious trouble. The Justice Department is going after him and rightly so. No wonder why Adelson gave millions upon millions of dollars to Romney during the 2012 election. He was looking to buy his freedom with a friendly Justice Department.
Too bad for him that ship sunk along with Romney's election hopes.
rhett o rick
(55,981 posts)NightWatcher
(39,343 posts)Of course he was trying to buy his way out of jail.
tularetom
(23,664 posts)Adelsongate should be good for at least a week of breathless media speculation as to whether and when Obama will be impeached over it, and of course, days of congressional hearings with hours of fake republican outrage.
PearliePoo2
(7,768 posts)finding places to hide and stash his money.
Sucks to be you right now, Sheldon!
MindPilot
(12,693 posts)I'm sorry, I just find that difficult to believe.
Isn't that what a casino is...a giant currency autoclave?
It will be a great day to see that arrogant slimeball taken down.
hootinholler
(26,449 posts)Gambling?
JaneyVee
(19,877 posts)tk2kewl
(18,133 posts)he will probably get to pay his way out of trouble with a fine
malaise
(269,256 posts)He was looking to buy his freedom with a friendly Justice Department.
Ding ding we have a winner
Initech
(100,129 posts)And then we will be free.
Sheepshank
(12,504 posts)He should be investigated too.
Isn't that exactly what the GOP would be calling for if the recipient of the funds was Obama?
mckara
(1,708 posts)SleeplessinSoCal
(9,174 posts)Following politics so closely since 2000 has made me aware of so much more than I was before Bush v Gore. So many players. So much corruption. And a vast majority of Americans have no idea who this guy is. It is way too frustrating for me, but I'm now addicted to detail. It's the real life "Game of Thrones", but with a tiny audience.
PatSeg
(47,711 posts)I try to take a break from it all, but it is too compelling. Then I get so frustrated because so many people don't have a clue, which would have been me before Bush v Gore.
blkmusclmachine
(16,149 posts).