Lexington , Ky. —Wayne Reid, age 60, of Oneida, Kentucky, was indicted December 19, 2007, for money laundering conspiracy and the harboring of a fugitive.

The Indictment alleges that Reid did conspire with others to knowingly conduct and engage in financial and monetary transactions in criminally derived property which involved the proceeds of trafficking in controlled substances with the intent to conceal and disguise the nature, location, source, ownership, and control of proceeds of said trafficking and harboring and concealing Larry Golden Jackson, Jr., for whom an arrest warrant had been issued under the provisions of a law of the United States, so as to prevent the discovery and arrest of Larry Golden Jackson, Jr., after notice and knowledge of the fact that a warrant had been issued for the apprehension of Larry Golden Jackson, Jr. In addition, it is alleged that the Defendant conducted financial transactions regarding the sale of Deer Creek Quick Stop and various pieces of construction equipment which involved drug proceeds. The Government is seeking forfeiture of $1 million as well as several tracts of real property.

James A. Zerhusen, Acting United States Attorney for the Eastern District of Kentucky, Madie Branch, Acting Special Agent in Charge, Internal Revenue Service, Criminal Investigation Division, and Tracy A. Reinhold, Special Agent in Charge, Federal Bureau of Investigation, jointly made the announcement today after Reid appeared in Court. Reid was arraigned on the indictment today and set for trial on April 8, 2008, before United States District Judge Danny C. Reeves. Reid was released on a $200,000 cash bond with home detention.

The investigation preceding the Indictment was conducted by the Internal Revenue Service and the Federal Bureau of Investigation. The Indictment was presented to the grand jury by Assistant United States Attorney Stephen C. Smith.

If convicted, Reid faces a maximum prison sentence of 20 years. However, any sentence following conviction would be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence.

The indictment of a person by a grand jury is an accusation only, and that person is presumed innocent unless proven guilty.

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