Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
HughBeaumont
HughBeaumont's Journal
HughBeaumont's Journal
November 22, 2014
Steve Wynn, CEO of Wynn Resorts (their stock rose nearly a thousand percent at one point since 2009), frequently makes boilerplate CNBC-ready statements about how President Obama is "bad fer bizness in general". Well, I guess we know how they're doing so well . . . .
Wynn Resorts probed on money-laundering controls (Haa haaaaa)
http://finance.yahoo.com/news/wynn-resorts-probed-money-laundering-194400825.htmlFederal authorities are investigating whether casino operator Wynn Resorts Ltd. violated money-laundering laws, according to people familiar with the matter.
The criminal probe comes as U.S. authorities step up their scrutiny of casinos efforts to prevent money laundering. Regulators have long been concerned about vulnerabilities at casinos, which are complex financial institutions that conduct a large amount of cross-border and cash transactions. Wynn, which is run by casino entrepreneur Steve Wynn, is the third major Las Vegas casino company in recent years known to be investigated for possible violations of money-laundering laws.
The criminal probe comes as U.S. authorities step up their scrutiny of casinos efforts to prevent money laundering. Regulators have long been concerned about vulnerabilities at casinos, which are complex financial institutions that conduct a large amount of cross-border and cash transactions. Wynn, which is run by casino entrepreneur Steve Wynn, is the third major Las Vegas casino company in recent years known to be investigated for possible violations of money-laundering laws.
Steve Wynn, CEO of Wynn Resorts (their stock rose nearly a thousand percent at one point since 2009), frequently makes boilerplate CNBC-ready statements about how President Obama is "bad fer bizness in general". Well, I guess we know how they're doing so well . . . .
Profile Information
Member since: Fri Aug 13, 2004, 03:12 PMNumber of posts: 24,461