Report: Feds probe money transfers at Sands casino
WASHINGTON (AP) -- Federal officials are investigating whether Las Vegas Sands Corp. 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 company is owned by leading Republican donor Sheldon Adelson, though the newspaper said there are no indications that the investigation includes actions by Adelson.
The report says the U.S. attorney's office in Los Angeles is probing deposits made in the mid-2000s by a Mexican pharmaceutical businessman and a California executive with Fry's Electronics. The Mexican businessman was later indicted for drug trafficking in 2007. The California executive is serving prison time for taking illegal kickbacks, according to lawyers and federal officials working on the case.