Campaign for Accountability Requests Investigation of Sheldon Adelson and Las Vegas Sands' Ties to Chinese Organized Crime

Nov 03, 2015, 10:00 ET from Campaign for Accountability

WASHINGTON, Nov. 3, 2015 /PRNewswire-USNewswire/ -- Today, Campaign for Accountability (CfA) asked the Senate Committee on Homeland Security and Governmental Affairs and the Federal Election Commission to investigate Sheldon Adelson and the Las Vegas Sands Corporation's (LVS) ties to Chinese organized crime in its Macau operations and determine whether illegally laundered foreign funds are making their way into the campaign coffers of American politicians.

Internal company documents show that LVS maintains a business relationship with a Cheung Chi Tai, identified as the leader of a triad – a Chinese organized crime ring – by the Senate committee in the early 1990s.  LVS also has a relationship with Ng Lap Seng, a Chinese billionaire currently facing criminal charges in the Southern District of New York.  Mr. Ng is described in a report commissioned by LVS as a member of a triad and as controlling prostitution in Macau. 

CfA Executive Director Anne Weismann stated, "Sheldon Adelson is one of the largest if not the largest political donor in history.  Federal authorities have long been concerned about the reach of the tentacles of Chinese organized crime.  If triad money is winding up in the campaign coffers of U.S. politicians through Mr. Adelson's contributions, the American people deserve to know it."

U.S. government reports confirm that Macau casinos rely on the triads to supply them with highly profitable junkets of high-rolling gamblers. The U.S.-China Economic and Security Review Commission issued a report to Congress in 2013 explaining that the triads exploit the loosely regulated junket industry to launder money.  LVS has been working with Cheung Chi Tai, who allegedly heads the Wo Hop To Triad.  Mr. Cheung's criminal ties have been a matter of public record for years, including his role in a murder-for-hire scheme. He is currently facing money laundering charges in Hong Kong.  Although LVS has claimed to have stopped using Mr. Cheung as a junket guarantor, documents show that the company maintains the relationship. 

Mr. Adelson also has connections to Mr. Ng, currently facing bribery charges in New York, and who first came to public attention for funneling hundreds of thousands of dollars in foreign funds to the Democratic National Committee through Charlie Trie in the 1990s.  Further, the justice department alleges Mr. Ng failed to appear before a grand jury in a Las Vegas bribery case; LVS has been the subject of a Foreign Corrupt Practices Act investigation and a former LVS executive has suggested Mr. Adelson authorized a payment to a Macau legislator at Mr. Ng's urging, despite admonitions by counsel.

Finally, two internal LVS reports show that senior executives, including Mr. Adelson, knew that the companies' casinos served as hubs of prostitution, including underage prostitution. Nevertheless, correspondence reveals that the executives overtly tolerated and possibly even promoted prostitution so long as it did not affect profitability.

"Given the extent to which Mr. Adelson's wealth derives from Macau and his dominant role in funding Republican candidates, it seems highly likely that illegal foreign money has made its way into American elections," Ms. Weismann continued. "Unfortunately for all of the candidates and causes Mr. Adelson has showered with cash, what happens in Macau doesn't stay in Macau."

CfA is a nonprofit watchdog organization that uses research, litigation, and aggressive communications to expose misconduct and malfeasance in public life and hold those who act at the expense of the public good accountable for their actions.

Contact: Daniel Stevens, dstevens@campaignforaccountability.org

 

SOURCE Campaign for Accountability



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