by Richard M. Wise, CPA, JD and Christopher Swiecicki, JD, LLM

In 2017, Lonnie Wayne Hubbard, a pharmacist from Kentucky, was found guilty by a federal jury on multiple charges of distributing a controlled substance. The indictment included a forfeiture provision with respect to the pharmacist’s listed property, more specifically an Individual Retirement Account held at T. Rowe Price.  Following the defendant’s jury trial, his IRA was condemned and forfeited to the government.

Read more in the Spring 2024 issue of the St. Louis Bar Journal, out now!