Posted on 08/05/2012 5:38:45 AM PDT by Erik Latranyi
It’s turning out to be a very busy summer for the Las Vegas Sands legal team.
Sands, led by billionaire Sheldon Adelson, has already been defending itself against a wrongful termination suit by a former executive and is also entangled in a Chinese bribery scandal. Now the Wall Street Journal reports that the gaming giant is embroiled in a money laundering probe.
The WSJ wrote that the U.S. Attorney’s office in Las Vegas is looking into whether Sands and its executives violated U.S. anti-money laundering laws by failing to report suspicious activity by two big-spending gamblers.
The investigation involves Zhenli Ye Gon (who has been indicted on counts of trafficking methamphetamine ingredients) and Ausaf Umar Siddiqui, (a former executive of Fry’s Electronics who went to jail on bribe charges) who wired tens of millions of dollars to the Sands Venetian casino in Las Vegas during the mid-2000s.
According to the WSJ, the government is investigating whether the Sands ignored the wire transfers or failed to have the right systems in place to flag sketchy activity. Sands chief Sheldon Adelson is not under investigation. Sands spokesman Ron Reese did not comment on the current allegations but did tell the Journal: “The company believes it has acted properly and has not committed any wrongdoing.”
The case is one more legal headache for Sands CEO Adelson, a major Republican donor who has given more than $10 million to the Super PAC of Republican presidential candidate Mitt Romney and pledged to give a “limitless” amount of money to defeat Barack Obama.
(Excerpt) Read more at forbes.com ...
Obama is the most vile, anti-American, criminal thug. Much worse than I imagined he would be. It is a wonder there aren’t more calls for his impeachment.
It’s very dangerous to target an elderly multi billionair!
He just might give the Romney superpacs a few billion dollars to play with....what’s to stop him.
He could also offer up multi million dollar rewards for anyone with interesting info on Obama. Promise 50 million (after taxes) and no telling what would turn up.
GREAT idea!!!
As usual this is what the left does.
On top of that he’s a BIG defender of Israel too. Can’t have that now can we? As you said, typical of the left and the good ol’ saul alinsky methods.
Helping keep mankind warm for 65 years.
Good reason for Mr. Adelson to quadruple down on his donations to Obama’s challenger.
It is a wonder there aren’t more calls for his impeachment.
GOP donors targeted by the Obama Machine. How very...unexpected/sarc.
Chick-fil-A is probably next on the list for audit or investigation.
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