This week, the Las Vegas Sands Corp., which owns a network of casinos in Las Vegas and Macau S.A.R., agreed to allocate $ 47.4 million for the settlement of the case brought against it by the Government of the United States.
The public prosecutor said that previously, from one of the regular customers, the Las Vegas Sands took a payment of $ 47.4 million in the Venetian Hotel, owned by Las Vegas Sands Corp. (not to be confused with the largest casino in the world of Venetian Macao)
This client was a Chinese man with Mexican roots, often playing on the huge amounts of money, the Genlis Ye Gon (Zhenli Ye Gon), which also considered coercion plays, an organizer and leader of one of the major directions of drug trafficking.
According to an article published in the New York Daily News, Ye Gon had consumed during the period from 2006 to 2007 year illegally earned funds and by all available means, desperate to conceal this fact. The case against the Las Vegas Sands Corp. was discovered, however, that the competent authorities were not informed of the dubious origin of the funds.
The Federal Government has put forward a constructive proposal-if Las Vegas Sands Corp. agreed to return $ 47.4 million, they will be able to avoid criminal liability. This arrangement will be the end of a two-year investigation, federal prosecutors in California, according to the article.
As the Central District of California attorney Andre Birotte (Andre Birotte Jr.): "this event will be a good lesson for Las Vegas Sands Corp. and will teach them how to properly behave in such situations"
"This case, also, the first of its kind, when the Casino agrees to return all money of suspicious origin. All companies, especially Casino, have long known that u.s. laws designed to prevent money-laundering, shall apply to every citizen of the country and in each company, and any attempt to violate these laws will be punished, even though some of the involved persons may incur huge losses, "said Andre Birotte.
Noting the cooperation between companies and Governments Birotte agreed that, at the time of the Las Vegas Sands did not have enough information about the unique origin of money or reliable information on illicit earnings method, Ye Gon.
Ye Gon, who is currently charged with drug trafficking in Mexico, lost more than $ 90 million in the Venetian Hotel, this fact makes it an excellent client for any existing casinos. The Las Vegas Sands said that has already adopted a number of changes in company policy, which continue, must not allow the recurrence of a similar scenario.
Stormy summer for the owner of the Las Vegas Sands:
This latest incident comes after a summer in which the owner of a huge network of Casino defended himself against Sheldon Adelson of the gambling world.
Earlier this summer, on the Internet pages of Forbes published an interview with Sheldon Adel′sonom, in which he is not shy about denigrating expressions of a young and growing market of online gambling industry, called all available United States online casino application-poison, and that an attempt to settle their work, will be the only set of social ills in the country. (We wrote the article here)
In response to this, the online gambling operators have created an Alliance and sent all its efforts against the policy of Adelson, and some have even called for a boycott of the poker rooms that are used under the brand name of Las Vegas Sands.
The public prosecutor said that previously, from one of the regular customers, the Las Vegas Sands took a payment of $ 47.4 million in the Venetian Hotel, owned by Las Vegas Sands Corp. (not to be confused with the largest casino in the world of Venetian Macao)
This client was a Chinese man with Mexican roots, often playing on the huge amounts of money, the Genlis Ye Gon (Zhenli Ye Gon), which also considered coercion plays, an organizer and leader of one of the major directions of drug trafficking.
According to an article published in the New York Daily News, Ye Gon had consumed during the period from 2006 to 2007 year illegally earned funds and by all available means, desperate to conceal this fact. The case against the Las Vegas Sands Corp. was discovered, however, that the competent authorities were not informed of the dubious origin of the funds.
The Federal Government has put forward a constructive proposal-if Las Vegas Sands Corp. agreed to return $ 47.4 million, they will be able to avoid criminal liability. This arrangement will be the end of a two-year investigation, federal prosecutors in California, according to the article.
As the Central District of California attorney Andre Birotte (Andre Birotte Jr.): "this event will be a good lesson for Las Vegas Sands Corp. and will teach them how to properly behave in such situations"
"This case, also, the first of its kind, when the Casino agrees to return all money of suspicious origin. All companies, especially Casino, have long known that u.s. laws designed to prevent money-laundering, shall apply to every citizen of the country and in each company, and any attempt to violate these laws will be punished, even though some of the involved persons may incur huge losses, "said Andre Birotte.
Noting the cooperation between companies and Governments Birotte agreed that, at the time of the Las Vegas Sands did not have enough information about the unique origin of money or reliable information on illicit earnings method, Ye Gon.
Ye Gon, who is currently charged with drug trafficking in Mexico, lost more than $ 90 million in the Venetian Hotel, this fact makes it an excellent client for any existing casinos. The Las Vegas Sands said that has already adopted a number of changes in company policy, which continue, must not allow the recurrence of a similar scenario.
Stormy summer for the owner of the Las Vegas Sands:
This latest incident comes after a summer in which the owner of a huge network of Casino defended himself against Sheldon Adelson of the gambling world.
Earlier this summer, on the Internet pages of Forbes published an interview with Sheldon Adel′sonom, in which he is not shy about denigrating expressions of a young and growing market of online gambling industry, called all available United States online casino application-poison, and that an attempt to settle their work, will be the only set of social ills in the country. (We wrote the article here)
In response to this, the online gambling operators have created an Alliance and sent all its efforts against the policy of Adelson, and some have even called for a boycott of the poker rooms that are used under the brand name of Las Vegas Sands.
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