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REPORT: Biggest Donor To Romney And GOP Did Business With Chinese Mob
Things are getting awkward for Sheldon Adelson, the casino magnate who pledged to spend a “limitless” amount of money to get Mitt Romney elected. Adelson’s latest woes stem from business practices surrounding his lucrative casino in Macau, the only Chinese city with legalized gambling.
The Macau operation has long been under scrutiny but a new in-depth investigation from ProPublica and PBS focused on allegations of improper, and perhaps in some cases illegal, business dealings by Adelson’s Las Vegas Sands company in China. While focusing on the possibility that Sands violated the Foreign Corrupt Practices Act with a $700,000 payment to a Chinese associate, PBS also released documents that bolstered accusations of business ties between Adelson’s shop and Chinese organized crime figures.
...
Because Nevada gambling authorities forbid doing any business with organized crime, Sands’s Las Vegas gambling licenses could hang in the balance. (Adelson and his company refused to comment for the PBS story.) But Adelson has other issues with his China operations.
...
Part of Adelson’s Chinese dealings, which came under federal scrutiny in 2011, went through a non-profit called the Adelson Center for U.S.-China Enterprise. According to a WikiLeaks cable flagged by Salon, the association, which was meant to facilitate business between the U.S. and China, was shut down by China after some “missteps” with “funds transfer mechanisms” used by Sands. Unlike competitors, the cable said, Sands lobbied Beijing directly instead of going through Macau authorities. Adelson and Sands deny any wrongdoing related to the federal investigation.
The Macau operation has long been under scrutiny but a new in-depth investigation from ProPublica and PBS focused on allegations of improper, and perhaps in some cases illegal, business dealings by Adelson’s Las Vegas Sands company in China. While focusing on the possibility that Sands violated the Foreign Corrupt Practices Act with a $700,000 payment to a Chinese associate, PBS also released documents that bolstered accusations of business ties between Adelson’s shop and Chinese organized crime figures.
...
Because Nevada gambling authorities forbid doing any business with organized crime, Sands’s Las Vegas gambling licenses could hang in the balance. (Adelson and his company refused to comment for the PBS story.) But Adelson has other issues with his China operations.
...
Part of Adelson’s Chinese dealings, which came under federal scrutiny in 2011, went through a non-profit called the Adelson Center for U.S.-China Enterprise. According to a WikiLeaks cable flagged by Salon, the association, which was meant to facilitate business between the U.S. and China, was shut down by China after some “missteps” with “funds transfer mechanisms” used by Sands. Unlike competitors, the cable said, Sands lobbied Beijing directly instead of going through Macau authorities. Adelson and Sands deny any wrongdoing related to the federal investigation.
http://thinkprogress.org/security/2012/07/16/525131/adelson-romney-chinese-mob/
Romney's Bain aligned with the Chinese mob of sorts in the form of a Chinese corporation trying to mob an American one
In 2005, Chinese Appliance Maker Haier Group, Working In Tandem With Bain Capital, Attempted – AndUltimately Failed – To Take Over Newton, IA-Based Maytag Corp.Haier Embarked On $1.3 Billion Takeover Bid For Iowa-Based Appliance Manufacturer Maytag.
“For years,American workers have worried about losing their jobs to low-cost workers in China. Now a new trend is emergingthat could be nearly as big: Wealthy Chinese companies are coming to the U.S. looking to swallow Americancompanies whole. Maytag Corp., the maker of such quintessentially American products as Maytag refrigerators,Amana microwaves and Hoover vacuum cleaners, disclosed Monday night a $1.28 billion takeover bid from agroup led by Haier America Trading, a unit of China’s Haier Group.”
(David Greising, “Chinese Firm Wants Maytag,”
Chicago Tribune
, 6/22/05)
Haier Is A Mammoth, State-Controlled Company With Opaque Financial Structures, UndisclosedOwnership Interests, Ties To Communist Party Elites And Manufacturing Facilities In Iran
“For years,American workers have worried about losing their jobs to low-cost workers in China. Now a new trend is emergingthat could be nearly as big: Wealthy Chinese companies are coming to the U.S. looking to swallow Americancompanies whole. Maytag Corp., the maker of such quintessentially American products as Maytag refrigerators,Amana microwaves and Hoover vacuum cleaners, disclosed Monday night a $1.28 billion takeover bid from agroup led by Haier America Trading, a unit of China’s Haier Group.”
(David Greising, “Chinese Firm Wants Maytag,”
Chicago Tribune
, 6/22/05)
Haier Is A Mammoth, State-Controlled Company With Opaque Financial Structures, UndisclosedOwnership Interests, Ties To Communist Party Elites And Manufacturing Facilities In Iran
pg 143 of the McCain opposition file on Romney
http://www.scribd.com/doc/78582788/McCain-2008-Oppo-File
15 replies
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Sheldon Adelson and Weird Willard fit right in.
I being the BFEE, loyal toady of Olympic class authoritarians everywhere.
