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Police Find $10M In Drugs At Southwest Side Residence

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(STMW) — A Southwest Side man has been arrested after police 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 — two of which were used to transport drugs. Officers recovered $47,000 in cash from the home.

Raygoza, who also goes by the name Jose Corona and is also wanted for a federal narcotics investigation, is scheduled to appear in bond court Saturday.

(Source: Sun-Times Media Wire © Chicago Sun-Times 2013. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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