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Nevada Sands Pays $47.4 Million to Feds to Escape Criminal Charges

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18th February



Nevada Sands Corp. is forking over $47.4 million to the Feds to avoid indictments that are criminal money laundering

A great deal of specific states make bank on gambling activities of their constituents; things such as for instance lotteries and casino fees. But the government that is federal to have found their cash cow at a much higher and slicker level today: skimming huge sums from indicted gambling businesses in exchange for the culprits getting away with light or no sentencing.

Full Tilt boss Ray Bitar was a notable example of this 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 don’t slam the casino conglomerate with criminal fees for money laundering. Just the buying price of conducting business, it appears.

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