Posted: Friday, January 27, 2012 4:28 pm

http://www.yourhoustonnews.com/kingwood/news/alleged-cocaine-trafficking-money-laundering-ring-busted-in-splendora/article_5c51d01c-c95d-5db6-979a-a826a0965b17.html

Police have broken up a major cocaine trafficking and money laundering operation in Splendora, according to a statement from the Montgomery County Sheriff’s Office.

On Friday, Jan. 27, 2012, approximately 7 a.m., Montgomery County Sheriff’s Office Special Investigations Unit served three search warrants on residences in Splendora and Harris County, Texas. These warrants were served in conjunction with an ongoing investigation into a suspected major cocaine trafficking and money laundering organization.

During this investigation, approximately $1 million in US currency was seized from the suspected members of this organization. During the warrant service, several ledgers containing coded records that describe millions of dollars in suspected cocaine sales were seized, along with laptop computers and others documents associated with the trafficking of cocaine and money laundering.

On Friday, two residences located in the 16000 Block of Oaklawn in Splendora, along with several lots and five vehicles, were seized. The estimated value of the seized property is $1.4 million.

This investigation is continuing and more seizures and arrests are expected. Agencies assisting in the investigation are Montgomery County Auto Theft, Montgomery County District Attorney Office, Drug Enforcement Agency, Internal Revenue Service, Harris County Sheriff’s Office and HIDTA 31.