Feed / Enforcement & compliance
US court orders Michael Lawrence Brannon to forfeit $25m
By SectorWire desk ·
Summary
The report said that Michael Lawrence Brannon received probation and a $25m forfeiture order after admitting involvement in offshore sportsbook Tradewinds. The report cited federal court records documenting his guilty plea in February.
Why it matters
The sentence requires forfeiture of gambling proceeds without a prison term.