Sheldon Adelson’s Vegas Casinos Targeted in Money-Laundering Probe

Billionaire Romney-backer Sheldon Adelson's Las Vegas casino company, Las Vegas Sands Corp., is at the center of a year-long money laundering investigation, The Wall Street Journal reports. Federal authorities say Sands officials should have alerted the government to large deposits made by two of their sketchier high-rollers: Chinese-born Mexican impresario turned drug trafficker Zhenli Ye Gon transferred $85 million to Sands casinos, and California retail-chain executive Ausaf Umar Siddiqui (now serving jail-time for taking illegal kickbacks) sent in more than $100 million. While it doesn't seem that Adelson himself is being investigated, we can't imagine that his many Republican beneficiaries are very pleased with the Justice Department's timing on this one.

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The DCCC Is So Sorry for That Line About Sheldon Adelson and Chinese Prostitution Money

Adelson.

The Democratic Congressional Campaign Committee bowed on Thursday to Sheldon Adelson's threat to sue for falsely accusing the very rich casino magnate — who has been throwing wads of cash  at pro-Romney super-PACs and other GOP groups — of dabbling in the pimping business. It all started in late June, when the Associated Press reported that the fired former chief executive of Las Vegas Sands Corp.'s Macau casino alleged in a civil lawsuit that Adelson "personally approved of prostitution and knew of other improper activity at his company's properties in the Chinese enclave."

According to ABC, the DCCC had some fun with that, referring to Adelson's financial relationship with certain prominent Republicans with a post on its website asking, "What will Speaker Boehner, Leader Cantor and House Republicans do with their Chinese prostitution money?" Adelson's attorney demanded a retraction, and he got it. Tail tucked firmly between legs, the DCCC wrote in a statement:

Ron Reese, a spokesman for Adelson said in a statement that he was gratified that the DCCC "acknowledged the error." He continued, "More broadly, this should serve notice to those who would attempt to smear Mr. Adelson by repeating the false and inflammatory statements of a fired employee — that this is a very slippery slope."

In other words, Adelson's threats to sue are not idle and he will rain hell upon you with expensive lawyers if you attempt to besmirch him.

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