web analytics
September 16, 2014 / 21 Elul, 5774
At a Glance
News & Views
Sponsored Post
Apartment 758x530 Africa-Israel at the Israel Real Estate Exhibition in New York

Africa Israel Residences, part of the Africa Israel Investments Group led by international businessman Lev Leviev, will present 7 leading projects on the The Israel Real Estate Exhibition in New York on Sep 14-15, 2014.



Sheldon Adelson’s Corporation Admits ‘Likely’ Anti-bribery Violation

The admission was included in the Sands' annual regulatory report published on Friday.
Billionaire businessman Sheldon Adelson (L) with Prime Minister Binyamin Netanyahu, 12 August 2007.

Billionaire businessman Sheldon Adelson (L) with Prime Minister Binyamin Netanyahu, 12 August 2007.
Photo Credit: FLASH 90

The Las Vegas Sands Corporation, controlled by billionaire Sheldon G. Adelson, has informed the Securities and Exchange Commission that it likely violated a federal law against bribing foreign officials, the NY Times reported.

The admission was included in the Sands’ annual regulatory report published by the commission on Friday, in which the Sands reported that “there were likely violations of the books and records and internal controls provisions” of the Foreign Corrupt Practices Act.

The Times noted that the above disclosure came while investigations by both the Securities and Exchange Commission and the Department of Justice and the Federal Bureau are investigating the company’s business activities in China.

This is the first time the Sands has publicly acknowledged possible wrongdoing. Ron Reese, a spokesman for the Sands, declined to comment on the Times’ report.

Federal investigators started paying attention to the Sands’ business in China after a 2010 wrongful-termination lawsuit filed by Steven C. Jacobs, the Sands’ former president of the company’s operations in Macau.

Jacobs accused the Sands of turning a blind eye toward Chinese organized crime figures operating in its casinos.

According to the Times, Chinese authorities have fined some Sands subsidiaries more than a million dollars for using unreported money for business purposes.

Sheldon Adelson’s Macau operation has made him one of the richest people in the world, with a fortune that stands, according to Forbes, at just under $25 billion.

Adelson is a personal friend of Prime Minister Benjamin Netanyahu, and his Hebrew daily Israel Hayom frequently runs articles supporting the PM.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

2 Responses to “Sheldon Adelson’s Corporation Admits ‘Likely’ Anti-bribery Violation”

  1. Charlie Hall says:

    Nobody will care. The biggest Medicare fraudster in history is now Governor of Florida.

  2. MJ Kanner says:

    More on the Medicare fraudster? Thanks for keeping track of all the fraudsters!

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Finance Minister Yair Lapid, chairman of the Yesh Atid party.
Lapid Won’t Let Defense Demands Turn Into ‘Turkish Bazaar’
Latest News Stories
Finance Minister Yair Lapid, chairman of the Yesh Atid party.

Finance Minister Yair Lapid refuses to raise taxes and won’t let defense budget demands turn into a ‘Turkish bazaar.’

Turkish President Recep Tayyip Erdogan

Turkey has offered to host the Egyptian leaders of the Muslim Brotherhood after their eviction from Qatar.

A Palestinian Arab winds up a slingshot before throwing a rock towards Israeli soldiers.

Israel is cracking down on Arab attackers determined to harm Jews in Jerusalem and around the country.

American F-16 fighter jets

For the first time, US warplanes bombed ISIS terrorists near Baghdad in support of Iraqi troops.

Oskar Groening’s defense is that he only was cog in the Nazi death machine.

The US warns people to buy gas masks if visiting, Israel warns of world-wide anti-Semitism.

This happened in Britain in 2014, not in Germany in 1939.

The Met’s upcoming opera trivializes the murder of Jews, pretends Jews have no connection to Israel, and portrays terrorists as victims.

Never, never, never take packages from someone without knowing what is inside.

Anti-radical Islam begins to trump anti-Semitism.

The presence of ISIS has created a “great need” for Hezbollah to remain in Syria, says an official from the Lebanese terror group’s executive council.

Gadi Yarkoni, the last person injured during Operation Protective Edge, was released today from Soroka Hospital in Be’er Sheva.

Hamas denies its politburo chief Khaled Meshaal will leave Qatar; the monarchy evicted Egypt’s Muslim Brotherhood leaders.

United Nations peacekeepers are pulling out of Syria and heading for the Israeli side of the border due to deteriorating security.

Police arrest three in connection with anti-Semitic vandalism in Sderot, including slathered green swastikas and dripping red Satanic symbols.

Yaalon revealed that most of the “8200″ signers do not do reserve duty, and the few that do, haven’t done any in years.

More Articles from Jewish Press Staff
Hamas' leader Ismail Haniyeh and then-Turkish Prime Minister Erdogan.

Turkey is not going to be signing any deals for Israeli natural gas exports any time soon, says Turkish Energy Minister Taner Yildiz.

The new face, so to speak, of the Temple Mount.

Netanyahu said that since the Jordanians opposed the bridge, “Of course we agreed.” Of course.

The Israeli navy is about to receive its fourth submarine and the first of three nuclear-capable subs purchased from Germany.

Israeli searchers for missing Lakewood, New Jersey yeshiva student Aaron Sofer have found some of his personal belongs near a trail, his last known location, but fears are growing that the 23-year-old youth has been kidnapped and/or murdered. Police and a dog unit have tracked the Jerusalem Forest area where he was last seen on […]

Chabad rabbis say middle-of-the-night jolt makes him understand better what Israelis are going through in the war.

Neither, rain, nor sleet, snow nor Hamas can keep Apple co-founder Wozniak from biting into Israel.

One advantage of erosion of stones at the Kotel is more cracks for people to place prayer notes.

Printed from: http://www.jewishpress.com/news/breaking-news/sheldon-adelsons-corporation-admits-likely-anti-bribery-violation/2013/03/03/

Scan this QR code to visit this page online: