Las Vegas 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 specific states make bank on gambling activities of their constituents; things such as lotteries and casino taxes. But the federal government seems to have found their money cow at a greater and slicker level today: skimming huge sums from indicted gambling organizations in change 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 cover $47.4 million in punitive fines so that federal prosecutors don’t slam the casino conglomerate with criminal costs for money laundering. Just the buying price of working, it appears.

DoJ and Sands Come to Terms

A recently signed contract between the U.S Department of Justice (DoJ) and Las vegas, nevada Sands states that, predicated on evidence, the company had been recalcitrant in alerting federal authorities when one of its whales made numerous questionably large deposits at their Las Vegas casino The Venetian in 2006 and 2007. The high stakes gambler under consideration was later indian dreaming slot machine online game on tied 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 now decided to seek no further indictments also. […]