Bribes, Chinese mob ties alleged at casino of Gingrich money man

ABC News reports: The casino company run by the principal financial backer of Newt Gingrich’s presidential bid, Sheldon Adelson, has been under criminal investigation for the last year by the Department of Justice and the Securities Exchange Commission for alleged bribery of foreign officials, according to corporate documents.

In a separate civil lawsuit, a former executive of the company has alleged that Adelson ordered him to keep quiet about sensitive issues at the Sands casinos on the Chinese island of Macau, including the casinos’ alleged “involvement with Chinese organized crime groups, known as Triads, connected to the junket business.” The triads — Chinese organized crime syndicates — are allegedly involved in organizing high stakes gambling junkets for wealthy Chinese travelers.

In its filings with the SEC, Adelson’s company says it became aware of the investigation in February 2011 when it received a subpoena from the SEC requesting “documents relating to its compliance with the Foreign Corrupt Practices Act.” The company said it “intends to cooperate with the investigation,” which it said may have been triggered by the allegations in the lawsuit by Steven C. Jacobs, a former Sands executive who says he helped run the Macau operation. The federal investigation was first reported last year by Las Vegas newspapers and the financial press.

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One thought on “Bribes, Chinese mob ties alleged at casino of Gingrich money man

  1. Norman

    My My, is it any wonder? Corruption has its fingers in many many pies, or should that be pockets? Gosh, all things considered, wouldn’t this qualify the Adelson’s and every one who takes money from them, to a first round seat on that new hole the Military will place those in during the take over. I guess that’s one way to eliminate the politicians on the Israeli payroll. Oh, wishful thinking you say.

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