FCPA Violations
While Sands has denied Jacobs’s allegations, it said in March that it found likely violations of the books and records and internal control provisions of the FCPA.
Nevada District Judge Elizabeth Gonzalez ruled last month that Jacobs could use documents that Sands claimed are “privileged,” or exempt from disclosure, at a hearing on whether Nevada courts have proper jurisdiction over Sands China to continue the litigation in Las Vegas. The six-day hearing was scheduled to start July 16 and Gonzalez pulled it from her calendar after the Nevada Supreme Court put it on hold.
40 Gigabytes
The documents are part of about 40 gigabytes of information that Sands said Jacobs “surreptitiously” took when he was fired in 2010.
Sands alleged Jacobs “stole” three reports prepared by Steve Vickers of International Risk Ltd. The reports detail the investigation of “certain Macau government officials” and others, according to letters by Sands’ lawyers to Jacobs’s lawyers seeking the return of the documents.
These are the “same tired and false accusations Mr. Jacobs has been trotting out for months,” Reese said about Jacobs’s claims the investigation of Macau government officials was commissioned as part of a leverage strategy.
Adelson said in a March 8 declaration filed in Nevada state court in Las Vegas that the investigation had been commissioned by Jacobs, not by the company, and that he didn’t learn about until after Jacobs had been fired.
“I never asked or authorized Jacobs to conduct a private investigation of or ‘create a dossier’ on Macanese officials,” Adelson said in his declaration. “We believe unequivocally that Jacobs initiated the investigation on his own for his own purposes.”
‘Prostitution’ Report