Sheldon Adelson and the missing $100 million
Sheldon Adelson and the missing $100 millionBy Kenneth P. Vogel and Isaac Arnsdorf at Politico, Huffington Post
http://www.politico.com/story/2016/02/sheldon-adelson-donor-republicans-219598
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It’s one of the biggest mysteries in Republican circles: Why has Sheldon Adelson ― who spent upward of $100 million during the previous presidential campaign ― suddenly stopped pouring huge sums of money into politics?
The conventional wisdom ― that he’s planning to spend millions of dollars to support Marco Rubio but is waiting to see how the Florida senator fares in a few more primaries ― does not explain the severity of Adelson’s political spending freeze, which is more far-reaching than previously known.
According to a dozen donors and operatives who have spoken recently to Adelson or his representatives, the 82-year-old Las Vegas casino mogul hasn’t donated during this election cycle to several of the conservative political groups that have been regular recipients of his largesse. That includes groups that are not engaged in the GOP primary, such as the Koch brothers-backed Americans for Prosperity and the Karl Rove-conceived Crossroads outfits, according to Adelson’s associates.
So far, Adelson and his wife, Miriam, have given relatively small donations of a couple thousand dollars each to about 16 candidates, including Rubio and his rival Ted Cruz, as well as $2.6 million to various federal party committees.
Read more: http://www.politico.com/story/2016/02/sheldon-adelson-donor-republicans-219598#ixzz4121gw6q0
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He's under fed investigation for foreign bribery - which is why he fought against Obama in 2012. Plus he's facing a lawsuit by a guy who once ran that casino.
Anyway the Chinese are now cracking down on organized crime that take wealthy Chinese (I think by boat) with a lot more money than they're allowed to remove from China to his Macau casino.
The criminals have all sorts of ways to help people smuggle their money out.
China use to turn a blind eye to this, but now they are having a hooooge economic crisis, & they want the money to stay on the mainland.
So there's less money to gamble, and a big loss for Adelson. Ha!
That's a simplistic synopsis. I was thrilled to read that Adelson was losing hooooge amounts of money & now may be affecting his purchase of political hacks..
I wish I could remember where I read this, but I'm sure it was either in the NY Times or the Guardian because I have subscriptions to both & I read them daily.
Not that any of the Republicans give a pooty poot (beyond public posturing) about what the Bible really says,
