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May 23, 2013 /14 Sivan, 5773
At a Glance

Posts Tagged ‘Sheldon Adelson’

Bloomberg Rated as World’s 13th Richest Billionaire

Monday, March 4th, 2013

New York Mayor Mike Bloomberg’s worth is now around $27 billion, according to Forbes, placing him as the 13th richest billionaire in the world.

At the top of the list for the second year in a  row is Mexico’s telecom entrepreneur Carlos Slim Helu and his family, whose worth is an astonishing $73 billion.

Oracle CEO Larry Ellison, who was born to an unwed Jewish mother, is in firth place at $43 billion. He is the world’s richest Jew, followed by the 10th richest man, French businessman and art collector Bernard Arnault and his family, with an estimated worth of $29 billion.

Gambling casino mogul Sheldon Adelson was in 15th place two spots behind Bloomberg, with a word of $26.5 billion.

The world’s rich-poor gap continues to grow. The Forbes list of billionaires has grown to 1,426 names, whose collective net worth is $5.4 trillion.

For comparison, the US national debt is now at $16.7 trillion.

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

Sunday, March 3rd, 2013

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.

Adelson Sues Wall Street Journal Reporter for Libel

Tuesday, February 26th, 2013

Casino mogul Sheldon Adelson sued a Wall Street Journal reporter for libel for calling him “foul-mouthed.”

The lawsuit filed last Friday seeks “damages, including aggravated, exemplary and special damages,” for a December article co-written by Kate O’Keeffe. Only O’Keefe is named in the suit, The Wall Street Journal reported Monday.

“We will vigorously defend Ms. O’Keeffe in this lawsuit,” said a Wall Street Journal spokeswoman, declining to comment further.

Last August, Adelson sued the National Jewish Democratic Council for defamation after the organization quoted news reports alleging that he had approved of prostitution at his properties in Macau, China. The suit has not been settled.

J Street Boasting of Defeating Israel’s Friends, But its Relevance Is Questionable

Monday, November 12th, 2012

Given the large election majority received by President Obama and many other of their favored candidates, a reasonable morning-after position for a group such as J Street would be one of quiet satisfaction, or even – why not? – gleeful rejoicing.

But J Street, which has rarely met a critic of Israel it didn’t like, instead tried to promote itself as an integral part of the campaign, a driving wind propelling Democratic victories. So eager to claim a starring role, J Street released details of several exit polls they commissioned which, upon examination, tell far more about how little J Street matters.

But first, to refresh your memory regarding the quality of candidates supported by J Street:

In the Wisconsin race for U.S. Senator, the Democratic contender, Congresswoman Tammy Baldwin, defeated former Wisconsin governor Republican Tommy Thompson. Although Israel was not much of an issue in the race, the Emergency Committee for Israel, a staunchly pro-Israel organization with conservative political roots, aired an ad attacking what they called Baldwin’s anti-Israel position during her congressional career.

ECI said Baldwin was “nothing less than hostile to the U.S.-Israel alliance. She has accused Israel of war crimes, befriended anti-Israel groups, refused to sign bipartisan letters of support for Israel, and defended the libelous Goldstone Report.”

Yes, that was J Street’s candidate in that race.

J Street supported Cheri Bustos in the 17th Congressional District of Illinois, and she defeated Republican Bobby Schilling. Unlike Baldwin, Bustos has nothing whatsover to say about foreign policy. Her issues are jobs, the economy, Medicare and Social Security, and the second Amendment. But in losing Schilling, Israel has lost a great friend in Congress, with a 0 rating by the Arab American Institute.

There goes another J Street-targeted friend of Israel.

And, as was to by expected, J Street threw their support behind the CAIR and Hamas man in Washington, Rep. Keith Ellison of Minnesota. He is a regular at CAIR fundraisers and pro-Hamas rallies. A former member in Farrakhan’s Nation of Islam, Ellison has also participated, later in life, in interfaith dialogue (mostly with Reform rabbis). Even if we were to discard past accusations of Antisemitism and his defense of Farrakhan – what business does a Jewish PAC have supporting him?

J Street also supported Rep. John Dingell of Michigan, one of the most widely recognized anti-Israel members of Congress. With a +3 rating by the Arab American Institute, Dingell voted No on withholding US contributions until the UN retracts accusations of Israeli war crimes, on opposing any unilateral declaration of a Palestinian state, and Absent on a bill to ensure that United States taxpayer dollars are not used to fund terrorist entities in Lebanon. What point is J street making by giving him PAC money, and why are they so happy he won?

LITTLE ACTUAL INFLUENCE

The above short list demonstrates rather well J Street’s agenda in these elections, but the fact that candidates they supported have won does not mean that the organization’s contribution actually got them over the threshold.

J Street’s president, Jeremy Ben-Ami, boasted in an email sent out to thousands with the subject line “Astounding! J Street Goes 71 for 70 on Election Day,” but with respect to Jewish voters—whom J Street claims it represents, and whom it is trying to persuade—in very few of the campaigns in which it contributed heavily did the Jewish voters who were in play make a difference.

In an upstate New York race, Rep. Ann Marie Buerkle (R) was defeated by the man she herself had defeated two years ago, Dan Maffei. J Street backed Maffei, but the hot issue in that race was abortion, not Israel. Maffei successfully tied Buerkle to Missouri’s Republican contender for Senator Todd Akin, notorious for his unfortunate “legitimate rape” comment.

In Florida, Republican Rep. Allen West was defeated by Patrick Murphy in an extremely tight race. West was redistricted out of his comfortable seat, and Israel was far down on the list of issues on which Murphy focused.

In Illinois, Democrat Tammy Duckworth defeated sitting Congressman Joe Walsh. Walsh is an ardent Israel supporter, but the district they battled over is a majority Democratic one, and Duckworth had received the endorsement of Chicago Mayor Rahm Emanuel. The focus of her attention was energy, the economy and education – not Israel.

And in Ohio, where Democratic Senator Sherrod Brown handily won over his upstart Republican challenger Josh Mandell, a New York Times editorial written by Mitt Romney back in 2oo8 probably did more to defeat any Ohio Republican challenger for office in 2012. In this state, second only to Michigan for auto-related employment, Romney’s opposition to the automobile industry bailout and his op-ed, “Let Detroit Go Bankrupt,” was just too much of a kick in the home state face to overcome. Even though what Romney actually called for was a re-structuring of the car companies, a “managed bankruptcy,” the details were swept away while the headline hung there and hanged the Republicans.

It is clear that J Street’s role in this year’s election was basically irrelevant, and certainly far humbler than its own superlative: “astounding.” While revealing just how unabashedly anti-Israel their choices are, Ben-Ami et al simply have not demonstrated that they mobilized the Jewish vote in a direction it wasn’t already following.

DISMAYING POLL RESULTS

The Republican Jewish Coalition also released poll results, in which they tracked the same few Jews, in virtually the same ways, and received pretty much the same results.

In the broadest terms: Obama won. He won big amongst Jews. No argument from either group. According to the RJC, Romney received just under 32 percent of the votes cast by Jews, according to J Street, Romney received 30%. Not such a big difference.

Where the information and the analysis did begin to differ, was in determining whether there was a significant decrease in Jews voting for Obama this election, versus 2008. While most agreed that Barack Obama received approximately 78% of the Jewish vote in 2008, J Street is now claiming that a more recent calculation revised that number downwards to 74%. With the four fewer percentage points in 2008, and a two point lower estimate in 2012, the differences become more significant.

If, as the RJC claims, there was a 10% increase in Jews voting for the Republican presidential candidate, which amounts to a 50% gain (22% of American Jews cast their vote for McCain in 2008, and 32% of American Jews cast their vote for Romney in 2012), that reflects a recognizable and significantly growing trend, albeit with only two data points.

If you accept J Street’s sudden revision of historic facts, claiming that a greater percentage of Jews cast their votes for the Republican candidate in 2008, and, consequently, that somewhat fewer Jews voted for Romney this time around, the loss of Jewish voters to the Democratic candidate becomes only four percentage points, which means that over the lifetime of Obama’s “blocking back,” J Street, there have not been nearly as many Jews jumping from the Democrats’ ship.

Either way, of course, far fewer Jews cast their votes for President Obama this time around, and either way, of course, President Obama remains in office for four more years.

First, the information provided by the exit polls paints an alarming picture, even without looking at whom the respondents chose.

For Jewish Press readers, there’s a frightening picture that calls out for action: American voting Jews don’t care all that much about Israel, and they really don’t care about Israel’s number one concern: Iran.

The J Street and the RJC polls asked the question slightly differently, but either way, only about 10% of American Jews consider Israel to be an issue that drives their voting decisions (J Street poll), and for more than 21% Israel is of no importance in making the decision for whom to vote (RJC poll). To look on the bright side, slightly more than 75% consider Israel to be either very important (30.2%) or somewhat important (46.3%). But still, we are talking about Jews here, not the general public.

The denominational breakdown between the two polls is of vital interest: 11.9% of the RJC poll respondents identified as Orthodox and 31.1% identified as Conservative, while only 10% of the J Street poll respondents identified as Orthodox and 27% identified as Conservative. In both polls the largest denomination was the Reform movement.

Only the RJC poll asked about synagogue attendance, but the responses there were interesting. Slightly more than 25% of those answering the poll claimed they attend synagogue almost every day or once a week, but 13.9% said they never attend, and nearly 2% refused to answer the question.

One quirky finding is who received high favorability ratings. President Obama garnered a 60% favorability rating, the second highest of those included in the question (Bill Clinton received the highest). But Israeli Prime Minister Binyamin Netanyahu received a 59% rating, beating even Vice President Joe Biden, who came in with a 54% rating. And DNC Chair Cong. Debbie Wasserman Schultz had a 46% favorability rating — that’s far below any of the other Democrats, Netanyahu, or the Democratic Party as a whole.

Although Iran and Israel are not significant voting issues for American Jews, fewer than half of those polled think that sanctions and diplomacy as tools for dealing with Iran’s nuclear race should be given more time, and a full 35% think those methods have failed.

The RJC poll asked about respondents’ understanding of Barack Obama’s attitude towards Israel and the Palestinian Arabs. Nearly 45% believe Barack Obama is more pro-Israel, 22.8% more pro-Palestinian, and 17.4 believes he is neutral, while a full 15.3 either refused to answer the question or said they did not know.

So, strangely enough, while J Street cannot show serious influence in this election, essentially cheering races that would have been won without them – the overall picture emerging from the polls of Jewish voters’ attitudes are an icy shower to American Jews with traditional Jewish values.

Yori Yanover contributed to this article.

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

Monday, October 29th, 2012

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.

Adelsons Again Donate $500K to Super PAC Supporting Boteach

Wednesday, October 17th, 2012

Casino magnate Sheldon Adelson and his wife for a second time have given $500,000 to a Super PAC supporting Rabbi Shmuley Boteach’s bid for Congress.

The Adelsons gave the money to the Patriot Prosperity PAC, The Wall Street Journal reported, citing people with knowledge of the gift, after having given the same amount earlier this year. They also gave $10,000 directly to the Boteach campaign.

Boteach is running as the Republican candidate in New Jersey’s 9th Congressional District against eight-term incumbent Rep. Bill Pascrell (D-N.J.).

Boteach, who once was affiliated with the Chabad movement, bills himself as “America’s Rabbi.” He hosts a show on TLC called “Shalom in the Home” and is the author of several books, including “Kosher Sex,” “Kosher Adultery,” “The Kosher Sutra” and, most recently, “Kosher Jesus.”

Adelson has said multiple times that a candidate’s support for Israel is critical to whether he gives and how much. He has given $10 million to a Super PAC supporting Republican presidential candidate Mitt Romney, and earlier in the campaign put $20 million toward Newt Gingrich’s GOP primary bid.

Super PACs can raise unlimited sums from corporations, unions and other groups, as well as individuals, and indirectly support a political candidate. They cannot by law coordinate with the candidate’s official campaign.

AIPAC, NORPAC, Stay Neutral in Race between Rabbi Boteach and CAIR Supporter Pascrell

Thursday, August 30th, 2012

Rabbi Shmuley Boteach is running for US congress in the 9th Congressional District in New Jersey.  He is pro-marriage, pro-security, pro-democracy, pro-Israel, and pro-Arab (as in pro-democracy and western-style freedoms for Arabs).  His opponent, Democrat Bill Pascrell Jr., signed the infamous Gaza 54 letter blasting Israel for what it called “collective punishment” of Gazans by blockading food and medicine — not true — and reserved a meeting space for the Council on American Islamic Relations (CAIR) in the Capital building, and has done his best to help block the deportation of radical anti-Israel Imam Mohamad Qatanani.

This particular election should be an easy choice for pro-Israel voters.  Should be, but something’s missing.

Other than the Republican Jewish Coalition and the locally-based Jewish paper, The Jewish Voice and Opinion, Rabbi Boteach doesn’t have the public support of major pro-Israel political organizations behind him.  In fact, although critics attack groups like the American Israel Public Affairs Committee and the single issue NORPAC political action committee as being blindly supportive of Israel, neither one of these political heavyweights are actively supporting Boteach’s bid for congress.

Why?

Both NORPAC and AIPAC typically support the incumbent in a race, unless he or she has failed to meet what is sometimes criticized as a “fairly low benchmark.”

Ben Chouake, president of NORPAC, told The Jewish Press that, in general, if an incumbent has a “good voting record,” which means largely that they “vote for U.S. aid to Israel, vote in favor of pro-Israel Resolutions, and have voted in favor of Iran sanctions,” they are considered a “friendly incumbent” and NORPAC will support them.  There are a few exceptions, but those are rare.

One example of such an exception was in the bruising primary campaign preceding this general election in NJ’s 9th, when Pascrell defeated his Democratic opponent, the fiercely pro-Israel Steve Rothman.  That battle was a Middle East conflict set in the Garden State.  A major Pascrell supporter, Dr. Aref Assaf, the president of the Arab American Forum authored an op-ed contemptuously referring to Rothman as being “Israel’s man.” Assaf also denounced Rothman as an “Israel-firster,” as in Israel was more important to Rothman than is the United States.

Even though both Pascrell and Rothman were incumbents with “good voting records,” NORPAC supported Rothman in the primary because he had an “extraordinary record on Israel.” However, NORPAC is now treating the NJ 9th election as an “open seat.” This means that they will bundle funds for either contestant, if asked.  “But,” Chouake said, “NORPAC is not making donations from their general fund for either candidate.”

Not everyone is thrilled with the kind of red line drawn by the major pro-Israel political organizations.

Chouake admitted that Pascrell signing the Gaza 54 letter and supporting Imam Qatanani were problematic.  “But Qatanani is a constituent of Pascrell’s, and the decision about whether to deport the Imam is a judicial one, not a congressional one.”

Maybe so, but Pascrell signed an affidavit opposing the deportation on behalf of Qatanani, the Imam of one of the largest mosques in New Jersey, calling him “peace-loving” and “magnanimous.”  That’s hard to square with information provided by Steve Emerson, one of the world’s leading terrorism experts.

Emerson wrote that Qatanani’s deportation case centered on the Imam’s lying on his immigration documents about having been arrested by Israel for membership in the terrorist organization Hamas.  But even while in the United States, Qatanani has openly displayed his hatred and contempt for Israel.  He allegedly referred to the creation of Israel as “the greatest disaster which occurred on the face of the Earth,” and has called for supporting the children of homocide bombers. It is difficult to reconcile that with the words in Pascrell’s affidavit and his 2008 description of Qatanani whom he said, “put so much time into bringing peace for all of us. Thank you imam, for all you’ve done for America since you’ve come here.”

On the other hand, although AIPAC and NORPAC are sitting out this election, the pro-Israel sugar daddy/mama team of Sheldon and Miriam Adelson have contributed directly to Boteach, as well as to a Boteach-connected super PAC.  In total, their contributions to Boteach account for more than half a million dollars.  The cash-infusion, in turn, led the Republican National Congressional Committee to upgrade Boteach’s campaign to “Contender” status.  That new status ensures Boteach will be the further recipient of important support from other GOP congressional leaders and other campaign accoutrements.

In fact, riding the wave brought on by the Adelsons’ donations, Rabbi Boteach is currently in Florida, attending the Republican National Convention.  The Jewish Press caught up with him in the RJC lounge.

What pushed the world-famous celebrity rabbi, author and reality show star to choose politics as his next frontier?

He says he “wants America to refocus on values, but not the side show ones on abortion and gay marriage.”  Boteach wants to focus on “supporting marriage, offering vouchers for school choice, and granting tax breaks to corporations to close on Sundays.”

He pointed out that “before the big brouhaha surrounding Chik-fil-A and gay marriage, the chain deserved attention for its astronomical growth, even though all the outlets were closed on Sundays.” His point is that being family-friendly does not have to have negative economic consequences for businesses.

When asked what distinguished him from his opponent who has what some professionals claim, is a “strong pro-Israel record,” Boteach let loose.  “Look, the number one issue threatening Israel is Iran.  But right behind that is the international delegitimization of Israel.  And Pascrell is one of the foremost congressional participants in that delegitimization.”

“Pascrell has engaged in a blood libel.  It was an astonishing act of ignorance for Pascrell to sign the ‘Gaza 54′ letter.”  That letter, according to Boteach, “charged Israel with engaging in collective punishment by falsely claiming they deny food and medicine to the Gazans.”  Pascrell has stood by that letter, saying he did not regret signing it.

Boteach asked, “what is the point of having the pro-Israel red line be support for aid to Israel, if, when every time Israel uses that aid to defend herself, she is accused of things like ‘collective punishment?”

Boteach is clearly disappointed by the lack of expected support.  Nonetheless, with the clout added to his campaign by the large financial show of Adelson support, Boteach was invited to address the RJC’s Salute to Pro-Israel Elected Officials at the Crowne Plaza Westshore Hotel last night.  Boteach is hoping that, “G-d willing,” at the next Republican Convention, he’ll be part of that audience.

AIPAC expressed disinterest in speaking on the record.  Congressman Pascrell’s campaign spokesman Keith Furlong did not respond to a request for comment.

Adelson Suing the National Jewish Democratic Council for Defamation

Wednesday, August 8th, 2012

Casino magnate Sheldon Adelson’s lawyers sent a warning letter to the NJDC and to the Democratic Congressional Campaign Committee last week, after both groups had called on Republicans not to take money from Adelson following an allegation by a fired employee that the billionaire had approved of prostitution at his facilities in Macau, China.

The allegation first appeared in an Associated Press account of the lawsuit filed by Adelson’s former employee, Steven Jacobs, who had managed Adelson’s Macua business until being fired in 2010.

The DCCC apologized last week, but NJDC has refused to do so, and Adelson filed the lawsuit this week.

NJDC revealed the lawsuit in the following statement on its website:

“We will not be bullied into submission, and we will not be silenced by power. This is not Putin’s Russia, and in America, political speech regarding one of the most well-known public figures in our country is a fundamental right. One would think the person making greatest use of the Citizens United ruling would understand this. To be sure, referencing mainstream press accounts examining the conduct of a public figure and his business ventures—as we did—is wholly appropriate. Indeed, it is both an American and a Jewish obligation to ask hard questions of powerful individuals like Mr. Adelson, just as it is incumbent upon us to praise his wonderful philanthropic endeavors.

“We know that we were well within our rights, and we will defend ourselves against this SLAPP suit as far and as long as necessary. We simply will not be bullied, and we will not be silenced.”

“Referencing mainstream press accounts examining the conduct of a public figure and his business ventures – as we did – is wholly appropriate,” it said in a statement. “Indeed, it is both an American and a Jewish obligation to ask hard questions of powerful individuals like Mr. Adelson, just as it is incumbent upon us to praise his wonderful philanthropic endeavors.”

NJDC officials referred to Adelson’s suit as a “strategic lawsuit against public participation,” or SLAPP, a term used for legal maneuvers aimed not at obtaining justice but silence.

Adelson’s publicist, Ron Reese, had no immediate comment.

Back in July, NJDC Chair Marc R. Stanley and President and CEO David A. Harris issued the following statement, regarding their “Sheldon Adelson Petition”:

“Regarding our recent campaign surrounding Sheldon Adelson, we don’t believe we engaged in character assassination; we stand by everything we said, which was sourced from current, credible news accounts. Accusations against Mr. Adelson were made not by us, but by others, including Senator John McCain (R-AZ). Nonetheless, we regret the concern that this campaign has caused. And in the interest of shalom bayit (peace in our home / community), we are going to take down our petition today. Moving forward, we’ll continue to work hard to fight against the unique threat posed by the outsized influence of certain individual megadonors, which rightly concerns most Americans and most American Jews.”

Apparently, backtracking did not yield the desired “shalom bayit.”

Since the May, 2004 opening of the Sands Macao, Adelson’s personal wealth has grown from just under $2 billion to an estimated $24.9 billion as of March, 2012. However, Adelson’s company is reportedly under federal investigation over alleged violations of the Foreign Corrupt Practices Act relating to payments made to a Macao lawyer.

JTA content was used in this report.

Printed from: http://www.jewishpress.com/news/breaking-news/adelson-suing-the-national-jewish-democratic-council-for-defamation/2012/08/08/

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