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Sheldon Adelsons Sands Casino to pay $47 million fine for failing to report deposits from alleged drug trafficker
http://www.nydailynews.com/news/national/sheldon-adelson-sands-casino-pay-47-million-fine-article-1.1439489
The Sands failed to report that Chinese-Mexican businessman Zhenli Ye Gon, who is under investigation for drug trafficking, deposited more than $45 million into the Venetian casino in 2006 and 2007.
BY David Knowles
NEW YORK DAILY NEWS
Wednesday, August 28, 2013, 3:41 PM
For business tycoon Sheldon Adelson it is the equivalent of salt in the wound.
After spending millions to try and thwart President Barack Obamas reelection in 2012, Adelsons Las Vegas casino empire agreed this week to pay the U.S. government $47.4 million in fines to avoid criminal charges stemming from a money laundering investigation.
Las Vegas Sands Corp., which owns the Venetian Resort Hotel and Casino, agreed to the settlement with the U.S. Department of Justice on Monday night.
For two years, the Justice Department gathered evidence showing that Chinese-Mexican businessman Zhenli Ye Gon had deposited $45 million in suspected drug money to the Venetian in 2006 and 2007 in a series of complex transactions designed to avoid detection.
mercuryblues
(14,531 posts)I say we all go rob banks and use 10% of that money to pay fines to stay out of jail.
Addledson should be in prison for that. But hey, he supports the 1% enough for preferential treatment. One justice system for us and another for addledson. How much will he have to pay to keep the prostitution charges from being investigated? Or is this a buy one get one free deal?
closeupready
(29,503 posts)to breaking federal laws against money laundering that you'll have to pay authorities an amount of money that equals your interest earned on your wealth over two days?
Jackpine Radical
(45,274 posts)to escape criminal charges.
Aerows
(39,961 posts)Make him remorseful? Not hardly.