web analytics
January 31, 2015 / 11 Shevat, 5775
 
At a Glance
News & Views
Sponsored Post


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
Jeremy Bird, working for Israeli campaign outfit V15, shown at Ted Talk, May 20, 2014.
V15 US Political Operative Marinated in Hate-Israel Activism
Latest News Stories
Jeremy Bird, working for Israeli campaign outfit V15, shown at Ted Talk, May 20, 2014.

V15′s Bird was marinated in his former boss’s hatred of and blame-only Israel mindset.

Palestinian Child Soldiers

Palestinian Authority child soldiers – a crime against humanity.

Children learn how to shoot rifles to kill Jews.

Maybe, just maybe, the new generation of terrorists will one day turn their guns on their oppressors in Gaza.

You are looking at an "armed insurgent" and not a terrorist, according to the White House.

The White House explains that Taliban is not a terrorist group — it is an “armed insurgency.”

The US in November stopped funding a left-wing group that is helping to campaign against Netanyahu

Super Bowl viewers will have to get along with Scarlett Johansson this year.

Cruz and New York Rep. Zeldin complained to Kerry of Obama’s “relentless harassment.”

A Shin Bet sting nabs Arab Israelis after returning from Syria where they join Al Qaeda and ISIS-linked terror groups — a whole group this month.

That’s it. If you didn’t register your party by now, you’re not running for the upcoming Knesset elections.

Simultaneous explosions in Egypt killed and wounded dozens Thursday night.

National religious voters favoring the new Yachad party headed by Eli Yishai may be wasting their votes.

ISIS threatens to behead Obama, turn the U.S. into a Muslim province, and destroy France and Belgium.

Locked in Auschwitz, their cries for assistance were not heard, so they escaped through an open window, setting off an alarm.

Hezbollah is a terrorist group and terrorist party, but most and worst of all, it is a huge and powerful army.

Lieberman’s issues a disproportionate response to polls that show his party will barely squeeze into the Knesset.

Boehner criticized President Obama for failing to take the threat of terrorism and the Iranian nuclear threat seriously.

More Articles from Jewish Press Staff
Picture of terror victim with tallis and tefillin.

Eulogies for the fourth Jewish victims at the attack on a kosher deli in Paris last week were held in Bnei Brak Tuesday.

Preserving Israel's Declaration of Independence.

The Declaration of Independence is the first document reflecting Jewish sovereignty since the time of the Hashmonean kingdom.

Aliyah was up by 32 percent compared with 2013.

Just in time for the United Nations Security Council to think twice about recognizing the PA.

The South Carolina senator is another Republican thinking about running to succeed Obama

A faster-beating heart as a result of fear of terror increase the risk of heart disease, researchers report.

Arab media report Syria downed an Israeli drone over Quneitra, near the border between the two countries.

Excavations also turned up hidden tunnels dug by Jewish rebels in the period of the Bar Kokhba Revolt.

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: