Cops: $10 million in drugs found in home
BY MICHAEL LANSU Staff Reporter September 6, 2013 10:54PM
Updated: September 7, 2013 12:25AM
A Southwest Side man was arrested after police allegedly found more than $10 million in drugs at his home.
Margarito Raygoza, 33, of the 3800 block of West 63rd Place, was charged with possession of more than 900 grams of heroin, possession of more than 900 grams of cocaine, possession of between 100 and 400 grams of methamphetamine and possession of more than 5,000 grams of cannabis, according to a statement from Chicago Police, who called Raygoza a gang member.
Narcotics officers executed a search warrant at Raygoza’s home and found about 50 pounds of cannabis and “bulk quantities” of heroin, cocaine and crystal methamphetamine, police said. The drugs were valued at more than $10 million.
Police said they also found two handguns and three vehicles. Officers recovered $47,000 in cash.
Raygoza, who also goes by the name Jose Corona and is wanted for a federal narcotics investigation, is scheduled to appear in bond court Saturday.