Feed / Enforcement & compliance
Tradewinds operator forfeits $25m after illegal gambling guilty plea
By SectorWire desk ·
Summary
The report said that Michael Lawrence Brannon avoided prison and was ordered to forfeit $25m from operating offshore sportsbook Tradewinds. He admitted running an illegal gambling business in a February plea entered in eastern Texas.
Why it matters
The sentence requires forfeiture of proceeds from the offshore sportsbook operation.