Adelson Admits Using Bribery To Build His Casino Empire-Funnels $$$ Into Politics-Hoping To Get Off

[kpete]

Sheldon Adelson Admits To Bribing Foreign Officials
By: DSWright Monday March 4, 2013 5:58 am


Las Vegas Sands Corporation, run by billionaire Sheldon Adelson, has admitted in an SEC filing that it likely broke the law by violating the Foreign Corrupt Practices Act.

So Adelson has now admitted to using bribery to build his mobbed up casino empire from which he takes some of his earnings and funnels them into American politician’s pockets in hopes of making his corruption legal.

In its annual regulatory report published by the commission on Friday, the Sands reported that its audit committee and independent accountants had determined that “there were likely violations of the books and records and internal controls provisions” of the Foreign Corrupt Practices Act.

The disclosure comes amid an investigation by the Securities and Exchange Commission as well as the Department of Justice and the Federal Bureau of Investigation into the company’s business activities in China.

Adelson played a major role in the 2012 election, both in GOP primary by singularly keeping some candidates alive and in the general election by pumping millions into GOP campaign accounts. Of course in America, that’s not bribery. Giving roughly $155 million to various politicians is completely acceptable even when it clearly comes with strings attached.

As he maneuvered to enter Macau’s gambling market, Mr. Adelson, who is well known in the United States for his financial and political clout, became enmeshed in often intertwining political and business dealings. At one point he reportedly intervened on behalf of the Chinese government to help stall a House resolution condemning the country’s bid for the 2008 Summer Olympics on the basis of its human rights record

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MORE plus links:
http://news.firedoglake.com/2013/03/04/sheldon-adelson-admits-to-bribing-foreign-officials/
http://www.nytimes.com/2013/03/03/business/in-filing-casino-operator-admits-likely-violation-of-an-antibribery-law.html?ref=business&_r=0

[Heather MC]

1. is anyone surprised??? non of these fat cats do legal things to get that wealthy

They just get to a point where they can buy off law makers and have the rules written in their favor.

[Botany]

2. That was why he backed Mitt because he was hoping to get off on his crimes

This guy is shady????? PLEASE