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The number is staggering. $15 million to Newt Gingrich, $70 million to official Republican entities, and reportedly $65 million to dark shady political shell organizations.  All, being thrown up against the current President, the man who won.

Rumors floated up that this was in support of Netanyahu and the side of Israel that invests in settlements.  It appears that Romney's fervant support of Netanyahu was the result of his ties with this man... Not long after their first $10 million meeting, Romney restated his support for one of Adelson’s top priorities -- his fervent backing of Israel’s conservative government and his opposition to a two-state solution to the Israeli-Palestinian conflict. Romney’s first foreign trip after his meeting with Adelson included a late July visit to Israel, which included a Jerusalem fundraiser that Adelson famously attended.

Howeverother fundraisers  are now saying differently...

Adelson is reportedly to have said he planned to spend about $100 million or “as much as it takes” to defeat Obama and help Republicans in Congressional races. Adelson’s personal wealth has been pegged at $20.5 billion by Forbes, making him one of the world’s richest men and enabling him to open his checkbook wide without worrying much about his bottom line.....

During the election, Adelson told Politico that the Justice Department investigation, and the way he felt treated by prosecutors, was a primary motivation for his investment in Republican presidential nominee Mitt Romney and other GOP candidates...

In dark money he shelled out:

40 million to Karl Rove's Crossroads.
15 million to a grassroots foundation run by the Koch Brothers.
5 million to the US Chamber of Commerce.
6.5 million to the Republican Jewish Coalition. (close to 100% of its entire funding.

It was a disappointing election for Adelson.  His nemasis whooped him bad.

In SuperPac money Adelson gave $5 million to Boehner, and $5 million to Cantor and his allies.  Which is why, he was in Washington today, meeting with Congressional Republicans to devise methods to disrupt any new tax on his estate... The Sands.

The primary reason for the meeting, is he wants these charges dropped.  The Justice Department investigation, and the way he felt treated by prosecutors, was a primary motivation for his investment into the campaign of the Republican presidential nominee.  Federal officials are looking into potential money laundering by two shady high rollers at his Las Vegas casinos.

The money laundering investigation, led by the U.S. attorney for Los Angeles, is probing whether the casino broke the law by failing to report to the government millions of dollars of potentially laundered funds that two gamblers transferred to its casinos.  (Tax evasion: the same thing that brought down Al Capone.)

One of the two gamblers, Ausaf Umar Siddiqui, is being probed about over $100 million of his transactions through the casinos. Separately, he was arrested in 2009 and pleaded guilty to accepting illegal kickbacks in his job as an executive with Fry’s Electronics in California. He is now serving a six-year jail term.

The other big gambler in the probe is Zhenil Ye Gon, a Chinese-born Mexican-based businessman, who reportedly transferred $85 million to Sands casinos several years ago. Ye Gon was indicted in 2007 for dealing in illegal drugs, but the charges were dismissed in 2009.

Just seeing this much money enter the cash flow unaccounted, opens the remote possibility that the largess of Sheldon Adelson's giving to the Republican party, could through a shuffling mechanism actually be a part of the $185 million in laundered money he received from these two people, which if so, could leave a cool $35 million in profit.  If seen this way, such largess didn't cost Sheldon a thing.  The length of the US attorney's inquiry suggest the internal paperwork is not as cut and dry as it should be.

Another inquiry by Justice and the SEC has been under way for about two years. It involves allegations that Adelson’s lucrative casinos on the Chinese island of Macau may have violated the Foreign Corrupt Practices Act by paying bribes to Chinese officials to expand its operations there.

Bribing the Chinese was a smart deal, if only the SEC and Justice Department hadn't been so "hung up" on
regulations... (Can anyone else here a Romney campaign line here?)   $700,000 went to a local attorney, Leonel Alves, who was hired by the Sands Chinese subsidiary while he was a government legislator in Macau.  The lion’s share of Sands' corporate revenues now come from Macau.  That $700,000 bribe now yields a return of $326 million this past quarter.... As a business proposition, it made very good sense. Unfortunately there is one of those ridiculous regulations that hog-tie real business people called Foreign Corrupt Practices Act

Republicans would simply look the other way as long as they were on the receiving end of millions.  Obama's Justice Department?  Well, not so fast.

Hence the determination to throw money away on the flimsiest chance that doing so could defeat him.

Of the billion dollars spent in this past election,  15% of that came from one man.  Now, I believe in America, a man should spend his money how he wishers.   Had he chosen to give this to fight for socialized health-care, we would all hold him in high esteem...

And the law is so broad, after Citizen's United, that it appears he violated no rules, no regulations, and all his giving to Republicans was legal and completely within the law....

Seen from hindsight, obviously his influence impacts candidates.  Karl Rove was in his box during his election night meltdown. Some fundraisers are pointing fingers at Karl Rove for advising Sheldon not to invest in "their" dark money organization, simply leaving competing interests for Rove, out in the cold.  Newt Gingrich out of nowhere came out with an uncharacteristically backing of Israel during the primary.  We now know why.  Netanyahu figured prominently in the third debate, far more than his importance warrants.  We now know why.  Republicans against their parties own self interest, are risking losing any loyality with the American middle class over their intransigence not to raise taxes a teeny bit upon the wealthy.  We now know why....

Simply put, if you can't get elected without the help of one man.... and that one man is in your office telling you what you should be doing, you are going to listen to him...

The losers of this method of campaign financing are the American people.  In this battle between the wealthy and everyone else, the Republicans are siding with the wealthy for their own self interest.... and their political survival is a pretty darn big self interest. Which means the rest of us are only getting one option to choose from.  One party rule will again dominate America, as long as dark money is allowed into politics and there are no caps on one person's influence..  And that party... will be the one representing the 98%.....  and any party, without being repeatedly challenged, inevitably becomes soft and corrupt.

Until soft money becomes dried up, we will continue to have Sheldon Adelson types dropping into Washington with open checkbooks, and the rest of us will suffer these childish posturing battles between Sheldon Adelson supporters, and the rest of America.  More grandstanding is guaranteed to be forthcoming by the Republicans....

I'll bet you $150 million on it....

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Comment Preferences

  •  Socialism in action (11+ / 0-)

    Sheldon Adelson has been practicing self-redistribution of income.

    Bless his heart.

  •  kavips - help me understand this paragrapsh (3+ / 0-)
    Recommended by:
    Lujane, JeffW, PeteZerria

    "So the largess of Sheldon Adelson's giving experienced by the Republican party, was part of the $185 million in laundered money he got from these two people, leaving a cool $35 million in profit.  Seen this way, it didn't cost Sheldon a thing."

    First, I know nothing about the specific facts in this case but when you "launder" money the purpose is to keep it not to make the money the property of the Sands. The casino is used to "wash" the money by paying it out to you as winnings, and you then pay income tax on it, and now the money is "clean". If the money becomes an asset of the Sands the money hasn't been laundered, it has been lost.

    Assuming for the moment that the money became the property of the Las Vegas Sands, it is a pubic company (NYSE:LVS) so it's not possible for Adelson to just take it. The only way that Adelson can take money out of the company is through a taxable dividend, that all other shareholders in the same class would also receive, or compensation. We could look at the proxy statements for the years in question and see if there was a dividend, and the level of compensation to Adelson. I don't know any facts but it seems more likely that he used his own liquid assets or sold some stock, or borrowed the funds, to finance his $150 million of spending in the 2012 elections. How could he have obtained this specific "laundered" cash to make those payments consistent with your language in the paragraph in question?

    "let's talk about that"

    by VClib on Thu Dec 06, 2012 at 09:04:48 PM PST

    •  Thanks for bringing this up.... (0+ / 0-)

      Here is the source...  (The reference is one third up from the bottom)

      Neither probe is said to be focused on Adelson’s conduct.
      U.S. attorney for Los Angeles, probing whether the casino broke the law by failing to report to the government millions of dollars of potentially laundered funds that two gamblers transferred to its casinos.
      Zhenil Ye Gon, a Chinese-born Mexican-based businessman, who reportedly transferred $85 million to Sands casinos several years ago.
      From the leaks so far, it sounds like the money was wired to the LV Sands,  and was never cleaned, otherwise they would not be looking at non payment of taxes.

      Maybe I'll pull that part out, but the idea that Sheldon can have $180 million suddenly wired to him... and he pays out $150 million in campaign contributions, goes to show my main point, that $150 million is nothing to him.....

      But here is the idea I want to throw into discussion.  If the money is wired to the Sands off the balance sheet, and the Sands then gives it out as political contributions to a 501(c)4, doesn't that money become legit now, (clean)?  Taxes continue to get taken out (as long as the money is earmarked for a candidate), or not if it is an issue based organization..?

      Plus with the non disclosure laws of 501(c)4's, it would help hide where the money came from....

      "Who donated all this money?".... "Gee officer, I don't know".

      The money is lost, as you say, but.... oh what an amazing benefit all that lost money brings?

      •  kavips - your missing the biggest point (0+ / 0-)

        Sheldon made these contributions personally, not from the corporate cash of LVS. Unless the money was wired to him as an individual he has no way of extracting cash from LVS. If the company was private, like Koch Industries, he could declare himself a dividend, or write a corporate check, but it's not it's public. The LVS isn't Sheldon's personal checkbook.

        "let's talk about that"

        by VClib on Fri Dec 07, 2012 at 06:50:50 AM PST

        [ Parent ]

        •  Sorry I wasn't clear. (0+ / 0-)

          I caught that concept the last time. but then took the next jump without mentioning is...

          Basically you said that a personal owner, and a corporation are separate.  There is personal compensation; there is corporate compensation.  What the corporate makes, by law because it is a corporation, goes to stockholders.... it is for this reason, that Adelson  never becomes personally liable if and when the Sands goes belly up.  His wealth cannot be touched by the bankruptcy court because it was the corporation, not him, who lost all the money.

          Therefore, what Adelson makes, he can do whatever he wants.

          I got that.  Sorry if I was still unclear earlier.  Just for the record. the point I was trying to make, was...  if that is the law and how it is "supposed" to work, how do we know, that is "how" it worked?  (Sorry for the internal quotes; just done out of expedience.) Especially considering that someone is receiving wires of $180 million that it shouldn't.

          Just out of curiosity, if  it happened the way you said, would the IRS and Justice Department have spent two years trying to put this case together?  One could have said, as on "It's A Wonderful Life"  :)  ... "here all the books.  Everything you need is right here" to the auditors and all would have been settled.

          It isn't.

          Sorry if my imprecise wording took us off on a tangent, and I take full blame, but the tangency those words were trying to drive, was that if only two people were wiring a total of $180 million of allegedly illegal winnings, then really tossing $150 million at Romney was really nothing for him... it would have given him a 35 million dollar profit had it been done that way..... As someone above (or below) said, he could have that fallen out in his seat cushions....

          That is probably how it should have read.... :)

        •  edited and fixed (0+ / 0-)

          Thanks for your help...  :)

  •  For people as rich as him... (3+ / 0-)
    Recommended by:
    Lujane, JeffW, elwior

    What money cannot solve is a problem.

    I suppose for trying to profit on favorable policy and lower taxes, he lost a bit but for him, $150 million is nothing.

    501c4's took what wasn't spent for trying to 'win' the election... who knows how much Ham Rove and others pocketed by you know, paying himself.

    Why hello there reality, how are you doing?

    by Future Gazer on Thu Dec 06, 2012 at 09:22:16 PM PST

  •  Sheldon lost 150 million (2+ / 0-)
    Recommended by:
    JeffW, VClib

    in his sofa cushions...

    It's been a hundred years, isn't it time we stopped blaming Captain Smith for sinking the Titanic?

    by happymisanthropy on Thu Dec 06, 2012 at 09:44:41 PM PST

  •  He could have lost more... (0+ / 0-)

    ...if Romney had decided he must actually bribe white male Democrats vote for him. Imagine receiving $1 million in random, unmarked $100 bills, with an Autopen note from Romney asking you to vote Republican. I'd have voted Democratic anyway, and Romney would be in deep shit with Adelson when he lost, and had wiped the mailing list in his usual CYA maneuver. All that money, in bribes and postage, and probably paying Rove to oversee mailing!

    And I can see Adelson actually thinking it would be a good idea, since that's how he sees the world.

    Float like a manhole cover, sting like a sash weight! Clean Coal Is A Clinker!

    by JeffW on Thu Dec 06, 2012 at 09:57:08 PM PST

  •  Looking at a fat slob on a cheap scooter (4+ / 0-)
    Recommended by:
    JeffW, IndyReader, elwior, PeteZerria

    being escorted down a congress hallway made me happy that I have a better life than than Adelson.

    He is a bitter sick whimp who can only control with his money and knows those who do his bidding are only doing so for money not because they like him as a person.

    I feel very sorry for him, we see how far his riches got him.

    I would not lick his ass for a million bucks but I would kick it for free any time he wants.

    Our money system is not what we have been led to believe. The creation of money has been "privatized," or taken over by private money lenders. Thomas Jefferson called them “bold and bankrupt adventurers just pretending to have money.” webofdebt

    by arealniceguy on Thu Dec 06, 2012 at 10:22:32 PM PST

  •  We should hammer the republicans (2+ / 0-)
    Recommended by:
    JeffW, elwior

    They are taking all this money from a man accused of many terrible crimes

    That quote about GDP by Robert Kennedy

    by erichiro on Thu Dec 06, 2012 at 10:51:14 PM PST

  •  Adelson regrets serving in the U.S. military (4+ / 0-)
    Recommended by:
    Sue B, eeff, elwior, PeteZerria

    As reported by NBC, Adelson said this in Israel in 2010:

    "I am not Israeli, the uniform that I wore in the military unfortunately was not an Israeli uniform, it was an American uniform, although my wife was in the IDF, and one of my daughters was in the IDF, and my two little boys — our two little boys one of whom will be bar mitzvahed tomorrow… hopefully he’ll come back [to Israel], his hobby is shooting and he’ll come back and be a sniper for the IDF.... All we care about is being good Zionists, being good citizens of Israel, because even though I am not Israeli born, Israel is in my heart.”

    What would Fox News and the GOP say if a billionaire contributor to Obama said that he regretted serving in an American uniform?

  •  He's A Gambler....He Said It Was Like A Card Game (1+ / 0-)
    Recommended by:

    A new round will always come around.  He's not done.  Sheldon will be back w/ even more money for the next round.  

  •  He's just paying back the debt he (0+ / 0-)

    owes the GOP for helping him collude with the Chinese government, for which they gave him some very, very lucrative casino rights in Macau.

  •  something seems very shady about owning a casino (1+ / 0-)
    Recommended by:

    in Macau. Depositing money there and then the money comes up in other places. No one knows what kind of money. Sounds like the perfect place for money laundering. I do hope they really investigate him.

  •  Plenty more where that came from. (0+ / 0-)

    Trump's the only guy who's dumb enough to go bankrupt owning a casino.

    "Michael Moore, who was filming a movie about corporate welfare called 'Capitalism: A Love Story,' sought and received incentives."

    by Bush Bites on Fri Dec 07, 2012 at 04:02:32 AM PST

  •  It's called BRIBERY (0+ / 0-)
    Bribery is an act of giving money or gift giving that alters the behavior of the recipient. Bribery constitutes a crime and is defined by Black's Law Dictionary as the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or other person in charge of a public or legal duty.
    and until very recently it was completely illegal.  

    Yet thanks to Citizens United corrupt fuckers like this piece of shit have been emboldened to the point that they come out and state the exact reason why they're giving certain politicians so much money.  In this case because of the Obama administration's investigations into his illegal practices.  It's not about ideology.  In fact Adelson is a flaming liberal.  ON 99% of the issues he sees eye to eye with Obama and may even be to the left of Obama but because Obama's administration is investigating him he's decided to fucking BUY the GOP so that they can STOP the investigations upon being elected.

    It's the purest form of bribery and yet nobody is doing a fucking thing about it.  Of course the GOP don't care since their the beneficiaries of the bribes.  But it's high time we all start calling it what it is.  BRIBERY.

    This is your world These are your people You can live for yourself today Or help build tomorrow for everyone -8.75, -8.00

    by DisNoir36 on Fri Dec 07, 2012 at 05:23:59 AM PST

  •  'Billionaires' don't have billions lying around (0+ / 0-)

    When a persons wealth is estimated, it's done by calculating all the real property they own, such as real estate, companies, homes/buildings, stocks and bonds etc. It's not like people like Adelson are keeping $150,000,000 in their checking or savings account, making .75% interest.

    In order to get that much money to write a check, it has to be transformed from another form - such as selling some stocks or bonds, which include fees and a percentage paid to brokerage companies. So it cost him even more than stated! A warm thought for the Christmas season.

    "Marco Rubio es un pañuelo Rosa!" - Montgomery Burns

    by Fordmandalay on Fri Dec 07, 2012 at 06:19:43 AM PST

  •  Lost? (0+ / 0-)

    I don't think that word means what you think it means.

    Lost is when you drop your keys in the dark and feel around but can't find them until morning.  

    Lost is when the dog goes missing and you call and call and he doesn't come.

    When cash your paycheck and get it in one-dollar bills and go home and flush each one down the toilet, you haven't "lost" your money.  You've given it as a gift to the workers at the sewage treatment plant, who, if they are observant and clever, can fish them out of the soup before it gets to the digesters.

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