A casino mogul, under investigation for violations of the Foreign Corrupt Practices Act, is the largest single contributor to the Presidential hopes of former Speaker of the House Newt Gingrich and the one keeping the campaign afloat.
Sheldon Adelson calls himself “the richest Jew in the world” and he used those riches to help Gingrich rise from the political ashes to become a frontrunner for the GOP Presidential nomination.
Adelson, owner of Las Vegas Sands Corp., and his wife Miriam, have pumped more than $10 million into a shadow political action committee backing Gingrich, federal campaign disclosure records reveal.
Campaign finance experts tell Capitol Hill Blue the donations rank as the largest known donations to a single campaign in American history.
Adelson funded a 28-minute film attacking former GOP frontrunner Mitt Romney‘s tenure as head of Bain Capital. The film is considered a major factor helping Gingrich come from a fifth place finish inthe Iowa caucuses to an upset win in the South Carolina primary.
His contributions also provided most of the funding for a $6 million ad buy in Florida. The spots will attack Romney’s health care plan in Massachusetts with claims it was the foundation for President Barack Obama‘s health care overhaul.