Sheldon Adelson Investigated by Justice Department
At the center of this election season's explosion of vast
donations of cash is Sheldon Adelson, a billionaire casino magnate who owns
hotels in Las Vegas and Macau and has donated tens of millions of dollars to
the Republican presidential campaign.
Investigations by both federal and Nevada authorities are
looking into whether Adelson’s company, Las Vegas Sands, violated the Foreign
Corrupt Practices Act with their casino in China. Both investigations are
ongoing, but investigative journalism non-profit ProPublica obtained emails
from within the company that shed light on events leading to the investigation.
"What happened in this case is that the casino, Las
Vegas Sands, hired a man named Leonel Alves, who was both a legislator and
advisor to the chief executive of Macau as their local lawyer," Engelberg
says. "He helped them solve some very serious problems that they were
having." Alves applied "pressure" to local planning officials to
settle some real estate issues that Adelson's company was having.
The payment of a government official in exchange for
services is a violation of the Foreign Corrupt Practices Act. There was
internal dissent as to the legality of hiring Alves, but the dissenters did not
last long within the company. "Everybody who said that who we can track
down within the company was subsequently either fired or resigned,".
Adelson and his wife, Miriam, accounted for around half of
the $20 million raised last month by Restore Our Future, the super PAC that
supports Mitt Romney's presidential campaign. The billionaire is also a heavy
contributor to Israeli prime minister Benjamin Netanyahu. Adelson is of Jewish
descent and bankrolls Birthright, a program which allows Jewish youth to travel
to Israel.
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