Las vegas, nevada Sands Pays $47.4 Million to Feds to Escape Criminal Charges
Las Vegas Sands Corp. is forking over $47.4 million to your Feds to avoid indictments that are criminal money laundering
A lot of individual states make bank on gambling activities of their constituents; things such as lotteries and casino play indian dreaming slot fees. But the federal government seems to have found their cash cow at a much higher and slicker level these days: skimming huge sums from indicted gambling companies in exchange for the culprits getting away with light or no sentencing.
Full Tilt boss Ray Bitar was an example that is notable of recently, and now Las Vegas Sands Corp. headed by billionaire curmudgeon Sheldon Adelson has followed suit, agreeing to pay $47.4 million in punitive fines so that federal prosecutors do not slam the casino conglomerate with criminal charges for cash laundering. Just the price tag on working, it appears.
DoJ and Sands Come to Terms
A recently signed contract between the U.S Department of Justice (DoJ) and Las Vegas Sands states that, centered on the evidence, the business was recalcitrant in alerting federal authorities when one of its whales made numerous questionably large deposits at their nevada casino The Venetian in 2006 and 2007. The high stakes gambler in question was later on tied up to a major drug trafficking ring that is international.
The agreement ends a two-year investigation that is criminal the U.S. Attorney’s office in Los Angeles, and that office has decided to seek no further indictments also. Continue reading “Las vegas, nevada Sands Pays $47.4 Million to Feds to Escape Criminal Charges”