By BStigers on December 25, 2018.
Sacramento Real Estate Business Owner from Elk Grove and another man from Riverside have been arrested charged with Money Laundering and marijuana manufacturing conspiracy. A The case involves a Placer County property located on North Forth Road between Auburn and Lincoln. Authorities say over two thousand plants were discovered inside a 35 hundred square foot home on the property. The property was purchased in October 2016 and listed as a investment. A According to the U.S. Attorney, several properties including the Placer County one are linked to a chain of secret cannabis grow houses, with down payments financed by wire transfers of funds mainly from Chinaa s Fujian Province. Hard-money lenders were used instead of traditional banks and straw buyers made the purchases, authorities said. The houses were then converted into large-scale marijuana grows.