(Legal Newsline) — The U.S. Department of Justice announced Jan. 19 that Las
Vegas Sands Corp. (Sands), a Nevada-based gaming and resort company, will
pay $6.96 million after allegations of violating the Foreign Corrupt Practices
Act (FCPA) in connection with business transactions in the People’s Republic of
China (PRC) and Macao.
announcement for the department was acting assistant attorney general David
Bitkower of the Justice Department’s Criminal Division, as well as special
agent in charge Aaron C. Rouse of the FBI’s Las Vegas field office.
to allegations, Sands executives did not have proper systems in place to ensure
accounting compliance for its business consultants. A certain business
consultant purportedly promoted the company in Macao and the People’s Republic
of China but did not account for a portion of the funds Sands paid him. Sands
spent around $5.8 million between 2006 and 2009 on the business consultant,
without having any discernible business purpose listed for the funds.
Las Vegas field office looked into case, which was then handled by trial attorney
David M. Fuhr of the Criminal Division’s fraud section. Also assisting in
the issue were the SEC, the U.S. Attorney’s Office for the District of Nevada
and the Criminal Division’s Office of International Affairs.