Sheldon Adelson, one of the richest men in the world and the single largest contributor to Republican politicians in 2012, has admitted to the SEC that he likely violated the Foreign Corrupt Practices Act, which prohibits the bribing of foreign officials.
The Las Vegas Sands Corporation, an international gambling empire controlled by the billionaire Sheldon G. Adelson, has informed the Securities and Exchange Commission that it likely violated a federal law against bribing foreign officials.
In its annual regulatory report published by the commission on Friday, the Sands reported that its audit committee and independent accountants had determined that “there were likely violations of the books and records and internal controls provisions” of the Foreign Corrupt Practices Act.
The disclosure comes amid an investigation by the Securities and Exchange Commission as well as the Department of Justice and the Federal Bureau of Investigation into the company’s business activities in China.
Adelson has been under investigation for these same violations for many months, at the very least. He spent $150 million in 2012 on behalf of Republican candidates, the overwhelming majority of it given to Super PACs for the candidates, and he says he plans to double that in the future. Which sounds a lot like bribing American officials too.