This is not good news for a candidate with enough dirty laundry to go around.
Daily Mail reports:
• Sheldon Adelson is the founder and CEO of Las Vegas Sands Corp., which owns the Sands Macau in China
• Adelson has given $10 million to bolster Gingrich's campaign and has promised up to $10 million more
• The Department of Justice and SEC are investigating whether Las Vegas Sands violated federal bribery laws
The billionaire casino mogul who has breathed new life into Newt Gingrich's presidential campaign with millions of dollars in donations is facing a federal investigation over whether his company violated the Foreign Corrupt Practices Act, which prohibits bribing foreign officials.
The investigation stems from a lawsuit filed by a former executive at the Sands Macau in China, the company has said. Steven C. Jacobs claims he was told the keep quiet about investigations of local officials and the possible presence of the triads - Chinese organized crime - in the casino.
Sheldon Adelson, who founded and runs Las Vegas Sands Corp -- one of the largest casino and resort companies in the world, has denied the allegations in the lawsuit and said the company is cooperating with federal investigators.
More here
Adelson’s money is what’s keeping Newt afloat. But, is the money clean? And how tough can Newt be on China when his Sugar Daddy has business there?
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