web analytics
October 30, 2014 / 6 Heshvan, 5775
At a Glance
News & Views
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



CLEAN MONEY

Sheldon Adelson’s Casino Reaching Deal with Feds on Money-Laundering

Federal prosecutors and pro-Israel Republican stalwart Sheldon Adelson’s casino company Las Vegas Sands Corp. may have come to an understanding on a money-laundering charge, the Wall Street Journal reports.

Jewish billionaire businessman Sheldon Adelson and his wife Miriam Ochshorn.

Jewish billionaire businessman Sheldon Adelson and his wife Miriam Ochshorn.
Photo Credit: Miriam Alster/Flash90

Federal prosecutors and pro-Israel Republican stalwart Sheldon Adelson’s casino company Las Vegas Sands Corp. may have come to an understanding on issues pertaining to money-laundering laws allegedly violated in the cases of two criminal high-rollers, the Wall Street Journal reports.

Lawyers for the Sands and federal prosecutors met on Thursday after the Sands failed to obtain a dismissal.  Prosecutors threatened to charge the Sands and a company executive with conspiracy to commit money laundering.

Now, the prosecution may indeed drop the case, with the Sands paying a fine and updating regulations on handling customer money.

Sands representatives stated that the casino was cooperating with federal investigations and denied any wrongdoing.

Las Vegas Sands was investigated when it allegedly failed to report a potentially suspicious financial transaction by two wealthy gamblers to the federal government.  The two apparently worked millions of dollars in “dirty” money through the accounts of the casino operator.  The cases hinge on whether it was possible for executives of the Sands to know that the money could have come from illegal activities, and whether they should have had reasonable enough suspicion to alert law enforcement.

One, Zhenli Ye Gon, a Chinese citizen with a Mexican pharmaceutical factory, was charged in 2007 with manufacturing a component of methamphetamine, during which time evidence showed he had spent over $100 million at Las Vegas casinos.  Charges against him were later dropped by federal prosecutors.  But the case raised concerns over whether the Sands failed to report deposits made by a suspicious person.

For their part, the Sands said it performed due diligence measures to ensure the cleanliness of the money, even hiring a private investigator to determine whether Ye Gon was legitimate.

The second case, of former Fry’s Electronics executive and admitted 2009 kickback schemer Ausaf Umar Siddiqui, who made major transactions at the Sands despite an apparent history of being unable to pay gambling debts.

The Sands is also being investigated regarding alleged bribes paid overseas.  The company has maintained its innocence.

Adelson, owner of the Sands, is also the owner of the Israel HaYom newspaper, has contributed over $100 million to the Birthright Israel project to connect Jewish youth to their roots through his family foundation, and is married to an Israeli physician, Miriam Ochsorn.

About the Author: Malkah Fleisher is a graduate of Cardozo Law School in New York City. She is an editor/staff writer at JewishPress.com and co-hosts a weekly Israeli FM radio show. Malkah lives with her husband and two children on the Mount of Olives in Jerusalem.


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.

10 Responses to “Sheldon Adelson’s Casino Reaching Deal with Feds on Money-Laundering”

  1. The wife has bad hair just like DOnald Trump, proves that money cannot fix a bad hairday.

  2. Michael Curry says:

    It seems Sheldon is never accredited for all the jobs he has created in Las Vegas and around the world. Allot of people go home at night to their families while people like Sheldon are fighting for their lives. Sheldon by all means has plenty of wealth and could just call it a day and sit on a yacht for the rest of his life. G_d bless Sheldon for all he has done and yet to accomplish.

  3. Mark L. Shane says:

    and if sheldon were a democrat there would never have been any investigation.

  4. Charlie Hall says:

    I don't give credit for jobs created when it is asur for a Jew to be in that business in the first place. Had he stuck to trade shows I'd have a different take, but casinos are a plague!

  5. Edward Lobel says:

    NOT TRUE. A bad person is a bad person even if he is a democrat. It just sems that there ae a lot more bad people now who are repubs and tea baggers.

    Shelly has actually done some personal favors for me, but that doesn't mean he did not do wrong!

    Unlike you boy willard, shelly is very charitable and donates to many causes not just Jewish causes and for that I give him a lot of credit!
    willard on the other hand gives 99.9% of his charity to the mormon church (check his one published tax return) When the stories get out about how he helps children who are ill, if you look at past the the initial story of willard helping, you see that these children are all mormon! willard only helps his own kind. Maybe nothing wrong with that but when you brag about all the charity you give and mislead the public, you are further ienhancing your role of chief LIAR.

    willard has possibly committed two felonys. When willard says he has paid all the taxes do on his income taxes, they maybe true niw, but perhaps was not true in 2008. He may have paid back all the money he owed when he was caught not declaring off shore income (that is against the law) and accepted amnesty if he would pay back the money he owed, This would be reflective in his 2008 and/or 2009 tax returns both of which he will not release.

    He is currently being investigated for purgery in the stemberg (staples) divorce case for lying under oath by vastly understating the value of staples stock so stenberg's wife would get a lot less in settlement. While the judge just did lift the testemony gag order, he has not released the gag order on the former mrs. stemberg so she could tell her side of the story.

  6. Squir Sheldon has truly done a great deal of good to mankind.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Abbas and the Temple Mount: "It's mine, all mine. No Jews allowed.
Abbas Declares Closure of Al Aqsa Mosque a ‘Declaration of War’
Latest News Stories
Chairman Robert Sugarman and Executive Vice Chairman Malcolm Hoenlein from the Conference of Presidents of Major American Jewish Organizations. Feb. 17, 2014

Conference of Jewish groups chided the Obama administration for the nasty comments made about Bibi.

Feiglin.jpg

Feiglin was standing next to Glick during the assassination attempt

A small caliber weapon was used to shoot at IDF troops patrolling along the border near Quneitra.

Abbas and the Temple Mount: "It's mine, all mine. No Jews allowed.

Abbas didn’t even condemn the shooting of Temple Mount activist Yehuda Glick.

Arab rioters threw firecrackers at Border Police in the Old City in Jerusalem Thursday and lightly wounded at least one tourist. Police arrested one Arab youth. Earlier in the day, Arabs hurled rocks at a bus in eastern Jerusalem. No property damage or injuries were reported, and one Arab was arrested. In the Jabel Mukaber […]

The Islamic Jihad was thrilled with the shooting of Temple Mount activist Yehuda Glick and said “he got what he deserved, the Mann reported. Daoud Shihab, Islamic Jihad spokesperson, told Ma’an that attempted murder of Glick, who is in critical condition as of this moment, was a “natural response” to defend Jerusalem” and the Al-Aqsa […]

A cartoonist has turned the tables on an attack cartoon against the PM published by the leftist daily Ha’aretz.

Rabbi Yehuda Glick’s condition has taken a turn for the worse. He needs prayers. Yehuda Yehoshua ben Rivka Itta Breindel.

The father and brother of the Islamic Jihad terrorist who allegedly shot Temple Mount activist Yehudah Glick were arrested Thursday in Silwan.

The “silent” intifada is roaring at the gates, Harriet, and threatening to bash the door in. It’s silent no more. Who’s really inciting terrorism?

Female tourist injured when struck by rocks thrown by Arabs at the Kotel.

Jerusalem Arabs are rioting near the home of the killed terrorist in the neighborhood of Abu Tor.

China has acquired $7 billion in Israeli assets in the past three years.

Alleged shooter of Yehuda Glick worked in the Begin Center restaurant.

PM Netanyahu blames PA Chairman Mahmoud Abbas for terror attack aimed at killing Temple Mount activist Yehudah Glick.

Disability rights foundation calls on US to denounce using name of a disability as a derogatory term.

More Articles from Malkah Fleisher
Godzilla (R.)

A green bell pepper affectionately dubbed “Godzilla” by the children of Moshav Ein Yahav in the northern Arava desert has won a place in the Guinness Book of World Records.

Though the permissibility of watching hired sports players go to battle in a large stadium is a source of controversy amongst Torah observant Jews, the food being served at the upcoming Super Bowl games in New Orleans is not.

Rabbi Yitzchok Moully, youth director at the Chabad Jewish Center in Basking Ridge, New Jersey, will be introducing a new art installation in honor of Tu B’Shevat, the Jewish New Year of Trees, inspired by the destruction of Hurricane Sandy.

More than 2,000 people have made contributions in memory of the young victims of the school shooting in Newtown, Connecticut to plant a grove of trees in Israel.

Shoshana Hebshi, a half-Jewish, half-Arab woman from Ohio is suing Frontier Airlines, the FBI, TSA and other governmental agencies after she says she was forced off a flight, strip-searched, and imprisoned on the tenth anniversary of the World Trade Center attacks.

Women may enter military combat in the United States, following the lift of a military ban on women in combat by defense secretary Leon Panetta.

The Jewish National Fund will reconsider a plan to forest parts of the Arava desert, following the request of environmental organizations to consider the impact of trying to alter the native ecosystem.

Russian Foreign Minister Sergei Lavrov warned Israel and western countries not to attempt to stop Iran’s nuclear program through military means.

Printed from: http://www.jewishpress.com/news/sheldon-adelsons-casino-seeking-deal-with-feds-on-money-laundering/2012/10/29/

Scan this QR code to visit this page online: