WSJ: Justice Department investigates GOP donor’s casino operation

 

RNW_Sheldon Adelson and Mitt Romney

Republican donor Sheldon Adelson (far right) controls the Las Vegas Sands Corp., which reportedly is the target of a federal money-laundering investigation.

Authorities are investigating whether Las Vegas Sands Corp. and several of its executives violated money-laundering laws by failing to alert them to millions of dollars transferred to of its casinos by high rollers, The Wall Street Journal reported on its front page over the weekend.

 

The U.S. attorney’s office in Los Angeles is looking at how the casino handled money from a customer later indicted on drug trafficking charges and a  former California executive subsequently convicted of taking illegal kickbacks, the Journal reported, citing people involved in the probe.

 

It comes as Las Vegas Sands, which is controlled by billionaire Republican super-donor Sheldon Adelson, is investigated for possibly violating the U.S. Foreign Corrupt Practices Act in its operations in Macau, a Chinese territory.

 

Read More: http://blogs.wsj.com/corruption-currents/2012/08/06/las-vegas-sands-probed-for-money-laundering/

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