This recent post went in-depth into the recent $9 million Foreign Corrupt Practices Act books and records and internal controls enforcement action against Las Vegas Sands (LVS).
This post continues the analysis by highlighting various issues to consider.
Is Your Company In Violation of the Books and Records and Internal Controls Provisions?
LVS is not a “normal” company in that its Chairman and CEO Sheldon Adelson (or his family) own a majority of company shares.
Moreover, Adelson is very active in his support of Republican candidates and causes, an issue that has been well-documented. (See here for instance). As a result, some have suggested that LVS was targeted by the Democratic administration.
I have no insight or opinion about this.
But I will say the following.