Adelson Threatens DCCC With a Libel Lawsuit

Free Beacon Reports: Casino magnate and conservative philanthropist Sheldon Adelson has threatened the Democratic Congressional Campaign Committee with a lawsuit over false statements made by the Committee claiming Adelson “personally approved of prostitution and knew of other improper activity at his company’s properties in the Chinese enclave of Macau, China.” Even the predictably left-wing Politifact website judged the claim “pants on fire” false in a report earlier this month.

Adelson has become a target of Democratic attacks as the Obama campaign and its allies seek to demonize conservative donors for their support of political groups.

Media outlets aligned with the Obama campaign such as ProPublica have also leveled charges that Adelson’s fortune was ill-gotten. ProPublica is a non-profit funded by Democratic mega-donors Herb and Marion Sandler, who committed $10 million a year to the project from their own personal fortune acquired through the sale of a bank that was a trailblazer in the kind of adjustable rate mortgages (ARMs) that led to the 2008 global financial crisis.

Time magazine named the Sandlers to their list of “25 People to Blame for the Financial Crisis.”

According to Open Secrets, Herb and Marion Sandler contributed more to outside spending groups than any other individuals in the 2004 cycle, with contributions totaling more than $11 million.

07/17/2012 8:29 PM by JPUpdates Staff

More from News

Facebook Auto Publish Powered By :