Monday, August 13, 2012

Sheldon Adelson's financial dealings in Chinese/Macau casino's under investigation

The NY Times reports that Sheldon Adelson is under investigation for questionable dealings related to the casino's Adelson has built in Macau (China).  The videos below are a pair of excellent reports by Rachel Maddow and Ed <??> both of MSNBC.  They go into details about what Adelson did to set up the casino's in Macau, including what amounts to bribery of local officials as well as massive missing amounts of money.

In the U.S., Adelson is acting as a kingmaker in the Presidential race, as one of the better known richer-than-God people who are funneling unlimited amount of money to support chosen Republican causes.  For example: "On Tuesday, Mitt Romney’s running mate, Representative Paul D. Ryan, is to appear at a fund-raiser at the Sands’s Venetian casino in Las Vegas; Mr. Adelson is likely to attend, according to a person close to him."

According to a WSJ report the dealings are under investigation by the Justice Department and the Securities and Exchange Commission.


http://www.nytimes.com/2012/08/14/us/politics/sheldon-adelsons-dealings-in-china-are-under-investigation.html?emc=na

http://online.wsj.com/article/SB10000872396390443537404577578900341481654.html


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