Free Market Evaluation - Send us your resume and we will give you free feedback
Boston Bomber Appears in Boston Federal Court
Boston Bomber Appears in Boston Federal Court
Obama’s Executive Order on Immigration Unconstitutional
Obama’s Executive Order on Immigration Unconstitutional
Suspended Immigration Lawyer Identified as Suspect in DUI Accident
Suspended Immigration Lawyer Identified as Suspect in DUI Accident
Pirate Bay has been Shut Down for IP Infringement
Pirate Bay has been Shut Down for IP Infringement
Legal Job Listings

Sheldon Adelson Donated $150 Million to Republican Groups

In a report from the Huffington Post, billionaire Sheldon Adelson spent $150 million into the presidential campaign for the Republican Party in an effort to remove Barack Obama from the White House. Adelson is a casino tycoon who funded multiple Republican candidates and groups during the presidential campaign. His casino business is the subject of two federal criminal investigations.

It was previously reported that Adelson spent roughly $54 million but the new total is three times that amount and 50 percent higher than the original $100 million Adelson said that he would be willing to spend.

Adelson’s goal with his campaign spending was to defeat Obama and aid the Republican Party in its quest to regain control of Congress following the election on November 6. All of Adelson’s spending was for nothing as Obama defeated Romney for a second term in the White House. The Democrats also retained control of the Senate.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Forbes magazine estimates that Adelson is worth $20 billion and is the subject of an investigation from the United States Justice Department for how his casinos operate. Adelson said that the way he was being treated by prosecutors and the investigation from the Justice Department as reasons behind his support for the Republican Party during the election season.

Adelson continued by saying that a second term from Obama would cause ‘vilification of people that were against (Obama)’.

According to the report from the Huffington Post, which talked with two fundraisers, said that Adelson paid out anywhere from $30 to $40 million to Crossroads GPS, which was a campaign operated by Karl Rove. The report also noted that Adelson paid $15 million to Charles and David Koch, $5 million to the United States Chamber of Commerce and the Republican Jewish Coalition.

There are laws that put limits on the amount of money that can be donated to political candidates but a ruling from the Supreme Court in 2010 allows unions, corporations and individuals to make unlimited donations to arms-length groups.

Sheldon Adelson Donated $150 Million to Republican Groups by

Tagged: , , , ,

Posted by on December 4, 2012. Filed under Breaking News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Legal Assistant / Secretary - Bilingual
USA-GA-Gainesville

~~Rapidly expanding General Law Firm seeking a Legal Assistant/Secretary to join our team at our Gainesville, Georgia location !  Our firm is a goal/target oriented, fast-paced environment with a...

Related Posts: