WSJ: Las Vegas Sands Corp., controlled by Romney donor Sheldon Adelson, target of U.S. money-laundering probe

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Rachel Maddow does her usual great job of putting a complicated Sheldon Adelson-related story in context in the above video.

Prior to that show, back in January, this story came to light: Company of Newt Gingrich’s big donor, Sheldon Adelson, has alleged ties to bribes, Chinese mob in which there was this from ABC:

The casino company run by the principal financial backer of Newt Gingrich‘s presidential bid, Sheldon Adelson, has been under criminal investigation for the last year by the Department of Justice and the Securities Exchange Commission for alleged bribery of foreign officials, according to corporate documents.

In a separate civil lawsuit, a former executive of the company has alleged that Adelson ordered him to keep quiet about sensitive issues at the Sands casinos on the Chinese island of Macau, including the casinos’ alleged “involvement with Chinese organized crime groups, known as Triads, connected to the junket business.” The triads — Chinese organized crime syndicates — are allegedly involved in organizing high stakes gambling junkets for wealthy Chinese travelers. [...]

The Venetian-Macao, a casino owned by the Las Vegas Sands Corporation, was also the subject of a reported “sex-trade crackdown” that occurred in 2010 on the same day Adelson arrived on the island for meetings with government leaders in Macau, according to published accounts in 2010. Chinese press reported that authorities found more than 100 prostitutes inside the casino.

Today, there is this headline over at HuffPo: Las Vegas Sands Target Of U.S. Money-Laundering Probe, WSJ Says (h/t: @Gr8RDH):

CHICAGO, Aug 4 (Reuters) - Las Vegas Sands Corp, controlled by billionaire Republican donor Sheldon Adelson, is the target of a federal investigation into possible violations of U.S. money-laundering laws, the Wall Street Journal reported on Saturday.

The Los Angeles U.S. 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.

Adelson's name just keeps popping up everywhere, doesn't it?

Tick, tick, tick....

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  • http://twitter.com/Satur9 SaturNine

    This is why Adelson will spend so much on RMoney - he desperately needs a friendly DOJ.