Home » News » Local News » Placer County Property In Illegal Pot Manufacturing Ring!
By Jerry Henry 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.