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09.19.07
The Eleventh Circuit recently held that federal law governing forfeiture of substitute assets, 21 U.S.C. § 853(p), preempts the homestead exemption in the Florida Constitution. United States v. Fleet, No. 06-12454 (11th Cir. Sept. 5, 2007). After the money-laundering defendant was ordered, post-conviction, to forfeit $259,000 in cash he did not have, pursuant to 18 U.S.C. § 982, the feds went after his Florida home, which he jointly owned with his wife.
by Jason Masimore
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