Remember Sheldon Adelson? Special time caucus in Nevada? He's in the newsSubmitted by entropypressStAt on Tue, 03/05/2013 - 16:43
Remember Sheldon Adelson?? Special time caucus in Nevada? He's in the news for ((((gasp!))) money laundering.
Sheldon Adelson Casino Company Faces Criticism On 3 Continents
In a filing with the Securities and Exchange Commission on Friday, the company said that it had "likely" violated the Foreign Corrupt Practices Act, an American law best known for prohibitions against bribing foreign government officials. Though the U.S. Department of Justice has been investigating Las Vegas Sands for possible violations of the act since at least 2011, according to previous reports to the SEC, the new filing is the first company acknowledgement of likely misconduct.
The company on Monday issued a statement saying “misleading and sensationalistic reporting” had turned what it described as an accounting oversight into a bribery charge. “No violations of the anti-bribery provisions of the FCPA have occurred,” the company said, clarifying there were “'likely violations' of the books and records and internal controls provisions.”
According to the Financial Times, the filing has prompted concern within Republican ranks that negative publicity surrounding Adelson’s company could hinder the party’s future fundraising efforts.
Adelson, one of the world's richest men, and his wife personally gave more than $100 million to conservative candidates during the last election cycle, standing out as the biggest backers of former House speaker Newt Gingrich's campaign for the Republican presidential nomination. Adelson's super PACs also were major backers of Mitt Romney's presidential bid.