Las Vegas Sands says it “likely” violated FCPA

SEC, DOJ are investigating casino company

A well-known casino operator is owning up to some serious misdeeds.

Last summer, news organizations reported that the Securities and Exchange Commission and Department of Justice were investigating Las Vegas Sands Corp.—which billionaire Republican Sheldon Adelson owns—for possible violations of the Foreign Corrupt Practices Act (FCPA). The Act prohibits bribery of foreign officials. On Friday, Sands disclosed in a regulatory filing that its board’s audit committee had reached a preliminary finding that “there were likely violations of the books and records and internal controls provisions of the FCPA.”

Ashley Post

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