Wynn co-founder denies wrongdoing - UPI.com LAS VEGAS, Feb. 20 (UPI) -- The ousted co-founder of Wynn Resorts Ltd. denied he made improper payments to a regulator in the Philippines and said he would sue to block a buyout. During the weekend, the company board voted to buy out Kazuo Okada, the company's largest shareholder, at a sharp discount. The company voted to pay $1.9 billion over 10 years for his $2.77 billion stake in the company, The Wall Street Journal reported Monday. Okada was deemed "unsuitable," after an internal investigation led by former FBI director Louis Freeh, who accused Okada of paying the regulator $110,000 by allowing him and his family to stay for free at the Wynn Macao resort. The company said it filed a lawsuit against Okada, but the firm's ousted co-founder said, in turn, he would file for an injunction to block the buyout. Okada said the motivation for the buyout was his role as a company whistleblower. He previously brought attention to a $135 million donation the company made to a university in Macao, where the company, at the time, was seeking permission to build a second casino.