Report: Justice Department probes Sands casino chain in potential money laundering case

  • Follow Business

WASHINGTON — The U.S. Justice Department is investigating whether Las Vegas Sands Corp., owned by high-profile Republican donor Sheldon Adelson, broke federal law by failing to report millions of dollars of potentially laundered money transferred to its casinos by two high-rolling Las Vegas gamblers, according to The Wall Street Journal.

The U.S. attorney’s office in Los Angeles is probing deposits made in the mid-2000s by a Mexican pharmaceutical businessman, later indicted for drug trafficking in 2007, and a California executive with Fry’s Electronics, who later pled guilty to taking illegal kickbacks, the newspaper said.

Chinese-born Mexican businessman Zhenil Ye Gon transferred around $85 million to casinos owned by Sands in the middle of the last decade.

The Justice Department is also investigating more than $100 million in money transfers by another Las Vegas high roller, Ausaf Umar Siddiqui, who was previously a vice president at Fry’s Electronics.

Siddiqui was arrested in 2009 for accepting illegal kickbacks. He pled guilty to the charges and is serving a six-year prison sentence.

Las Vegas Sands Corp. owns the Venetian and Palazzo resorts in Las Vegas, as well as similar resorts in Singapore and Macau. Macau is a former Portuguese colony near Hong Kong.

Top headlines

Parkway's extension to bring address changes

About 100 homes, 65 apartments, 25 businesses and six churches along Old Petersburg and Old Evans roads could be forced to take new addresses when the Georgia Department of Transportation ...
Search Augusta jobs