Saturday, August 4, 2012

Whoa, Obama Goes after Romney Billionaire Sponsor Sheldon Adelson

Obama plays hardball and Sheldon Adelson is being reminded of that. WSJ reports:
Federal authorities are investigating whether Las Vegas Sands Corp. and several of its executives violated money-laundering laws by failing to alert authorities to millions of dollars transferred to its casinos by two Las Vegas high rollers, according to lawyers and others involved in the matter.

The U.S. attorney's office in Los Angeles is examining the casino company's handling of money received several years ago from a Mexican businessman later accused of drug trafficking and a former California executive subsequently convicted of taking illegal kickbacks, according to the people involved.

The probe comes as the casino giant, controlled by billionaire Sheldon Adelson, faces possible legal trouble on another front. U.S. authorities are also investigating whether Sands violated U.S. antibribery laws in its operations in the Chinese territory of Macau...

There are no indications that investigators are examining actions by Mr. Adelson, Sands's chief executive and largest shareholder, who also is a big political donor...

The timing of the probe could open up the Justice Department to criticism that it is a politically motivated effort to discredit a major supporter of President Obama's opponent...

In the highly regulated gambling industry, a negative outcome for Las Vegas Sands in either investigation could complicate its relationship with regulators and make it harder to expand into new markets.


  1. We live under "Rule By Law", not the "Rule Of Law". Numerous of the big banks got a pass on laundering. Wacovia, I think it was, or some combination of the big banks, got caught laundering drug money as much as 1/3rd the GDP of Mexico, but got a pass, but if a political opponent might maybe be doing it, the talons of the statists fly in for the kill.

  2. Chicago rules. (noun, not verb)