MIAMI — Miami businessman Lazaro Hernandez was arrested in mid-June on charges of directing a $230 million scheme to distribute “adulterated and misbranded” HIV prescription drugs through a network of wholesalers and pharmacies to unsuspecting patients nationwide.
Hernandez, 51, was released just before the Fourth of July holiday weekend on a $1.4 million bond and faces a mid-July arraignment in a federal indictment accusing him of conspiring to defraud the U.S. Food and Drug Administration by selling falsely labeled drugs to unsuspecting patients.
His defense attorney, Marc Seitles, overcame opposition by federal prosecutors to the defendant’s bond, which was granted by Magistrate Judge Jonathan Goodman. Hernandez was released from the Federal Detention Center on June 30, records show.