Sheldon Adelson’s Sands Casino to pay $47 million fine for failing to report deposits from alleged d

[babsbunny]

Sheldon Adelson’s Sands Casino to pay $47 million fine for failing to report deposits from alleged drug trafficker

http://www.nydailynews.com/news/national/sheldon-adelson-sands-casino-pay-47-million-fine-article-1.1439489

The Sands failed to report that Chinese-Mexican businessman Zhenli Ye Gon, who is under investigation for drug trafficking, deposited more than $45 million into the Venetian casino in 2006 and 2007.
BY David Knowles

NEW YORK DAILY NEWS
Wednesday, August 28, 2013, 3:41 PM

For business tycoon Sheldon Adelson it is the equivalent of salt in the wound.

After spending millions to try and thwart President Barack Obama’s reelection in 2012, Adelson’s Las Vegas casino empire agreed this week to pay the U.S. government $47.4 million in fines to avoid criminal charges stemming from a money laundering investigation.

Las Vegas Sands Corp., which owns the Venetian Resort Hotel and Casino, agreed to the settlement with the U.S. Department of Justice on Monday night.

For two years, the Justice Department gathered evidence showing that Chinese-Mexican businessman Zhenli Ye Gon had deposited $45 million in suspected drug money to the Venetian in 2006 and 2007 in a series of complex transactions designed to avoid detection.

[mercuryblues]

1. WTF

I say we all go rob banks and use 10% of that money to pay fines to stay out of jail.

Addledson should be in prison for that. But hey, he supports the 1% enough for preferential treatment. One justice system for us and another for addledson. How much will he have to pay to keep the prostitution charges from being investigated? Or is this a buy one get one free deal?

[closeupready]

5. You say that in jest, I know, but seriously, is the only downside now

to breaking federal laws against money laundering that you'll have to pay authorities an amount of money that equals your interest earned on your wealth over two days?

[Jackpine Radical]

2. The law permits the poor, as well as the rich, to pay the gov't $47 mil

to escape criminal charges.

[Aerows]

3. 5X that might actually make a dent into his fortune

Make him remorseful? Not hardly.

[Ex Lurker]

4. He also wants the GOP to ban internet gambling if they regain the Senate nt