Mar.25, 2010, 5:45 AM

ANCHORAGE, ALASKA – A man who owns two pieces of property in Navarre was indicted by a federal grand jury last week in a conspiracy involving drug trafficking and money laundering.

In June 1998, George Scott Shelley bought property in Girdwood, Alaska, for $250,000, according to a Department of Justice press release. Shelley made 22 deposits in amounts less than $10,000 into an account he set up to pay for the property.

The indictment alleges that Shelley knowingly made these deposits to evade reporting requirements, and did so while being involved in a conspiracy to commit drug trafficking and money laundering.

The U.S. Attorney’s Office would not comment further on the drug trafficking allegations.

According to Santa Rosa County public records, Shelley and his wife, Tammy, own two pieces of property in Navarre. They own a mobile home at 2739 Galleon Drive, which was listed as their mailing address on the deed. They also own a home at 8142 Menorca Street.

The two were married in Navarre Beach in September 2006.

Shelley is listed as Scott George Shelley in the Santa Rosa records, but Assistant U.S. Attorney Tom Bradley confirmed he was the same man.

“He was in the process of moving down (to Navarre), or going back and forth,” Bradley said.

Shelley is charged with aggravated currency structuring. The allegations in the indictment took place in Alaska. If convicted, he faces a maximum of 10 years in prison and would have to forfeit a piece of property in Alaska.

Shelley is scheduled to make his first court appearance April 14. The IRS conducted the investigation that led to his indictment.