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The Feds are investigating whether Las Vegas Sands (LVS) breached money-laundering laws by not...

The Feds are investigating whether Las Vegas Sands (LVS) breached money-laundering laws by not informing authorities about millions of dollars transferred to its casinos by a Mexican who was later accused of drug trafficking and a former California executive who was subsequently convicted of taking illegal kickbacks, the WSJ reported on Friday. The probe comes as LVS is being scrutinized for allegedly bribing Chinese officials.
Comments (42)
  • Bret Jensen
    , contributor
    Comments (10555) | Send Message
     
    Not a surprise that this admin is using its agencies to go after a huge Romney supporter.
    5 Aug 2012, 07:50 AM Reply Like
  • 867046
    , contributor
    Comments (398) | Send Message
     
    Brain dead remark.

     

    The violation of federal law is not up to some situational political standard.

     

    Oh and by the way, most likely the FBI is involved and the present Director is:

     

    "Robert Mueller was nominated by President George W. Bush and became the sixth Director of the FBI on September 4, 2001.

     

    Born in New York City, Mr. Mueller grew up outside of Philadelphia. He graduated from Princeton University in 1966 and later earned a master’s degree in International Relations at New York University.

     

    After college, he joined the United States Marine Corps, where he served as an officer for three years, leading a rifle platoon of the Third Marine Division in Vietnam. He is the recipient of the Bronze Star, two Navy Commendation Medals, the Purple Heart, and the Vietnamese Cross of Gallantry..."

     

    Not exactly the kind of resume that translates into any kind of accusation of being a political hack. So is the FBI always interested in dirty money being laundered? I would vote yes.
    5 Aug 2012, 11:13 AM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    What's "not a surprise" is that the Romeny campaign's *biggest* financial backer is a sleazebag and a crook.
    5 Aug 2012, 02:42 PM Reply Like
  • lazzybum
    , contributor
    Comments (84) | Send Message
     
    Obviously, you know nothing about Chicago politics. Robert Muller was a soldier. He takes order from his boss. Most of the Fed laws and regulations are selectively enforced. They are not base on merit, but base on the politics. This is why Obama don't send the illegals back even if they are caught. This is why Obama can invoke executive privilege for Holder, and this is why labor unions don't have to comply with Obamacare. It seems you are the one who is brain dead.
    5 Aug 2012, 09:57 PM Reply Like
  • 867046
    , contributor
    Comments (398) | Send Message
     
    Lazybrain,

     

    The FBI is one of the agencies that make our country great. Currently, it is one of the most politically agnostic agencies there are. If you argue that Mueller is a political animal, there is nothing stopping him from back channeling to the republicans in congress. My translation of Mueller's resume is:"straight arrow". Yes he was a soldier and an officer which means he will lead by example. I don't know the guy but, I think he could work in private industry for a lot more money as opposed to being a democratic political hack.
    5 Aug 2012, 10:43 PM Reply Like
  • lazzybum
    , contributor
    Comments (84) | Send Message
     
    I didn't say Mueller is a political animal. Don't put words in my mouth. He is just a tool. A straight arrow used by Obama.
    5 Aug 2012, 11:23 PM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    Read the article, lazy brain. This investigation started under the Bush administration -- long before Obama was even a candidate for President.
    5 Aug 2012, 11:30 PM Reply Like
  • The Independent Investor
    , contributor
    Comments (1439) | Send Message
     
    No, you need to read more, as an attorney who worked for the Illinois attorney general I can tell you this is a different investigation than the one that supposed involved bribery several years ago. Also, justice and FBI are very political groups, and everyone in Chicago knows Mueller is a cover-up artist. Bush is no better - used justice to target political enemies as well - in addition to allowing Enron to pork Califronia in part to destory Grey Davis's credibility. Rove went after Georgia governor with justice to keep him from being viable candidate in 2004 - Rove also fired U.S. attorneys who didnt play ball. There is also strong talk that Justice is letting Murdoch know they will go after him for his companies British violations if he ramps up anti-Obama election coverage as well. Obama's biggest contributor in Illinois was Rezko - a convicted slumlord who helped Obama buy his house - Obama is no better worse republicans and other democrats before
    6 Aug 2012, 02:52 AM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    "as an attorney who worked for the Illinois attorney general"

     

    Oh really? In your bio you say you take pride in not having practiced law.
    6 Aug 2012, 08:21 AM Reply Like
  • Ralph Petrillo
    , contributor
    Comments (332) | Send Message
     
    Have to agree. Why weren't these charges made six months ago.
    6 Aug 2012, 08:35 AM Reply Like
  • Ralph Petrillo
    , contributor
    Comments (332) | Send Message
     
    To attack Mueller is idiotic. The public is just wondering why a large politiclal supporter of Romeny is under investigation.
    6 Aug 2012, 08:37 AM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    "this is a different investigation than the one that supposed involved bribery several years ago"

     

    No one said it was related to the investigation into bribery of Chinese officials. That's a completely different Sheldon Adelson scandal. This one is a continuation of the Mexican drug trafficking investigation that began during the Bush administration. Possible money laundering in that case has been traced back to various casinos, including the Sands. Adelson himself isn't (yet?) a target of the investigation but his operation is one of several that have been linked to transfers of drug money. For someone who (now suddenly) claims to be a legal investigator you sure seem to have trouble getting the facts straight.
    6 Aug 2012, 09:40 AM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    What charges? No charges have been filed. Do you seriously think that because financiers with Mafia ties are funding the Republican candidate that all investigations into Mafia activities should be suspended?

     

    Can you imagine the outrage if Obama were being financed by these people? Yet instead of being concerned that the international Mafia is funding the Republican candidate for President, you're outraged that the feds would dare to investigate global financial fraud because it might implicate Republican sponsors? Your priorities are seriously f'ed up.
    6 Aug 2012, 09:48 AM Reply Like
  • The Independent Investor
    , contributor
    Comments (1439) | Send Message
     
    Well, practice law different than working for government, basic legal knowledge
    6 Aug 2012, 01:24 PM Reply Like
  • The Independent Investor
    , contributor
    Comments (1439) | Send Message
     
    Well, 2-3 people possibly laundering money casino not global financial fraud, political, the previous allegations were around drugs, some were acquitted, no mention mafia
    6 Aug 2012, 01:27 PM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    If you worked as a lawyer, you practiced law. Doesn't matter if it was public or private. Are you seriously trying to claim that because they work for the government, public prosecutors don't practice law?
    7 Aug 2012, 09:54 AM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    Yes, what was I thinking. Casinos have never been linked to the Mafia have they. And laundering Mexican drug money is certainly not an international financial crime. Gosh, thanks for educating us on that. Not.
    7 Aug 2012, 09:57 AM Reply Like
  • The Independent Investor
    , contributor
    Comments (1439) | Send Message
     
    Well, working as an individual not an attorney for the government - not a litigator - would not be practicing law - mafia was not linked Sands
    7 Aug 2012, 02:25 PM Reply Like
  • The Independent Investor
    , contributor
    Comments (1439) | Send Message
     
    Mueller has been a cover-up artist for some time, look at the Lockerbie case
    8 Aug 2012, 03:15 PM Reply Like
  • nuatthis
    , contributor
    Comments (51) | Send Message
     
    The issue is whether the company should have known of:suspicious activity" when it received the funds from the two gamblers. And then reported it on an SAR. It's a tough burden for the feds. I wrote the procedures for the gaming industry many years ago when the industry first was required to report cash transactions over 10K. Gaming is always under a miscroscope and the feds have always been overwhelmed by the reports it received. But Sands is probably getting hit because of Adelson's stupidity. In the industry, many leaders have been associated with politics, Lanni comes foremost to mind among the Republican leaders, but no one has ever gotten out front like Adelson, and Sands is getting what it deserves. Adelson should be benched until after the election. He's a good example of hubris and is hurting the company. As a fairly large stockholder, I am pretty outraged by his actions.
    5 Aug 2012, 08:16 AM Reply Like
  • Ralph Petrillo
    , contributor
    Comments (332) | Send Message
     
    Very bad decision by the Obama Adminsitration. Makes them look silly. They should put the investigation off until after the election for it makes them look as though they waited for the election to make these charges. This may make more people to switch their vote. In modern times casino's are not into money laundering.
    5 Aug 2012, 08:35 AM Reply Like
  • Fsheckie
    , contributor
    Comments (5) | Send Message
     
    As a shareholder, I would prefer that Adelson be less public regarding his politics. Particularly in an election year.
    5 Aug 2012, 09:24 AM Reply Like
  • Hendershott
    , contributor
    Comments (1560) | Send Message
     
    Quid pro quo. Does anyone wonder why Adelson is throwing so much money at Romney?
    5 Aug 2012, 01:03 PM Reply Like
  • Ralph Petrillo
    , contributor
    Comments (332) | Send Message
     
    He probably wants to pay lower taxes.
    6 Aug 2012, 08:35 AM Reply Like
  • BuyHighSellHigher
    , contributor
    Comments (119) | Send Message
     
    Will this event have any effect on the stock price?
    5 Aug 2012, 01:16 PM Reply Like
  • redarrow5150
    , contributor
    Comments (1011) | Send Message
     
    It should have a MAJOR effect on the stock price.
    5 Aug 2012, 09:29 PM Reply Like
  • KINGFSTKS
    , contributor
    Comments (80) | Send Message
     
    I think these absurd charges will make the stock rise! Give it till Wed!
    5 Aug 2012, 09:33 PM Reply Like
  • Richard93
    , contributor
    Comments (817) | Send Message
     
    Do to the burden of proof involved this is a money grab. Obama's people are making the Sands company use a lot of $$$ to fight these charges at tax payers expense. Do you want all companies to directly help Big Bother keep an eye on you? That is the question this will be forced on everybody. Not just the gaming industry, all industries. Any transaction, any phone call or text messages emails, and travel will be monitored. This is the worry that led to the writing of 1984.It was idea that evil govt. would be able to know your business whether you liked or not. The spy tech is getting close to that ideal, the problem is computers and communication band width which are getting better in quality and capability.
    6 Aug 2012, 03:47 AM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    "Obama's people are making the Sands company use a lot of $$$ to fight these charges"

     

    What charges? No charges have been filed here. Or do you mean the poor casino owners are having to spend money on cover ups. You are seriously naive if you think the casino business isn't crooked.
    6 Aug 2012, 08:25 AM Reply Like
  • Richard93
    , contributor
    Comments (817) | Send Message
     
    I don't like Lawyers so spending any money on then goes against my grain. I am not naive, this was brought to the Publics attention to stir the pot. If charges are not filled and a serious attempt at prosecution made it will end up being a smear + a large waste of money.
    6 Aug 2012, 04:28 PM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    "If charges are not filled...."

     

    You just got done saying you were outraged that charges were filed and now you're saying you'll be outraged if charges aren't filed. Are you sure you didn't just predetermine that you're going to be outraged then look around to find a reason for it?
    7 Aug 2012, 09:59 AM Reply Like
  • Richard93
    , contributor
    Comments (817) | Send Message
     
    Please $ should have been spent on getting crooks of the street both White Collar and the Low down variety. We need more crooks off the street working to pay for there incarceration. That $ could be spent on positive activities for a better country.
    7 Aug 2012, 05:33 PM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    "Please $ should have been spent on getting crooks of the street "

     

    That's exactly how it's being spent. This is a continuation of an investigation into international drug deals and that started under the Bush administration. What they're doing now is following leads as to how the money from those drug deals was laundered. Because it often leads to terrorist groups, following up on money laundering is very important to national security as well as the obvious financial crimes. btw, it's not just the Sands that's under investigation. Several casinos had financial exchanges with the perp in the drug case.
    8 Aug 2012, 10:14 AM Reply Like
  • Richard93
    , contributor
    Comments (817) | Send Message
     
    What you say is very important, the part I don' t by is do they have real evidence that the Sands Knew the money was bad or is it a continuation political hit job? Guilty is Guilty in my book I hope the $ and time is being well spent and gets the crooks out off action. Enron
    got off easy in my mind, Adelfia got off easy those groups of crooks should be made to pay everything back. Best Wishes
    8 Aug 2012, 01:53 PM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    "do they have real evidence"

     

    That's what the investigation is for -- to see if there's evidence. If they don't look, then yes, they won't find any. That's how crime fighting works. You get a lead. You investigate it. If it pans out, you gather evidence and seek to convict. if the lead doesn't pan out, you look for other leads. Someone laundered that drug money. If you have a better lead as to who did it, you should write to the FBI and tell them about it.
    9 Aug 2012, 10:14 AM Reply Like
  • Richard93
    , contributor
    Comments (817) | Send Message
     
    It seems to me these guys would have to spend this bad $ at the hotels and casinos, lose large amounts yet showing skill to not get tossed out. Build up a similar amount of winnings over time to keep getting chances to make more wire transfers over the long haul. NSA and the IRS should have gotten these money laundering crooks sooner it seems to me. PS I forgot the old computers at the IRS or have they finally caught up? Best Wishes
    9 Aug 2012, 02:54 PM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    "It seems to me these guys would have to spend this bad $ at the hotels and casinos, lose large amounts yet showing skill to not get tossed out. Build up a similar amount of winnings over time to keep getting chances to make more wire transfers over the long haul."

     

    Good guess. That's very close to exactly what's being investigated.
    10 Aug 2012, 03:07 PM Reply Like
  • KINGFSTKS
    , contributor
    Comments (80) | Send Message
     
    Do you think that old man Warren Buffett would have been investigated if he decided to contribute 100 million dollars to the Republican camp?
    Should I desire to contribute $100 to the Republican camp, will I be investigated? What the government is doing is wrong! PS They are investigating Teva , guess where they are located. Is it possible that the soft spoken president has mild prejudice?
    6 Aug 2012, 07:06 PM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    Just so we're completely clear here, what you're saying is that if a criminal donates money to Romney's presidential campaign, that criminal should be given asylum from any and all prosecution.

     

    Good to know where you stand on this.
    7 Aug 2012, 10:03 AM Reply Like
  • Richard93
    , contributor
    Comments (817) | Send Message
     
    No chance less political attempted back stabbing. Honest investigation with proper info not fishing expeditions.
    7 Aug 2012, 05:37 PM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2747) | Send Message
     
    And what is your evidence that it's a dishonest investigation? I can't help but wonder if you're projecting here.
    8 Aug 2012, 10:16 AM Reply Like
  • Richard93
    , contributor
    Comments (817) | Send Message
     
    I am Projecting you are right the Chicago machine is notorious but will see. I have been done wrong by govt many times so assuming the worst comes way to easy for me. Best Wishes
    8 Aug 2012, 01:57 PM Reply Like
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