|
Ye Gon wire transferred money to the casino from banks and money exchange houses in Mexico. The Venetian filed a so-called suspicious activity report on Ye Gon in April 2007, but prosecutors contend that the report left out key transactions. The money Las Vegas Sands agreed to pay as part of the settlement represents the funds that were sent to the Venetian by or on behalf of Ye Gon, prosecutors noted. In March 2007, Ye Gon's Mexico City home was raided by police and officers seized $207 million in U.S. currency. The U.S. government indicted Ye Gon on narcotic charges, but the case was dismissed in 2009. He's now awaiting extradition to Mexico, where he faces drug-trafficking charges. Shares of Las Vegas Sands ended regular trading down $1.79, or 3.2 percent, at $54.57. The stock added 25 cents in after-market trading.
[Associated
Press;
Copyright 2013 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.