Feds take steps to keep Aspen man’s cash in cocaine case | AspenTimes.com

Feds take steps to keep Aspen man’s cash in cocaine case

ASPEN – Authorities plan to launch a criminal forfeiture action against Aspen resident Wayne Reid, one of the suspected leaders of an alleged cocaine trafficking network that spanned from Los Angeles to Aspen.

In a motion filed Friday in the U.S. District Court in Denver, the U.S. government asks the court to allow it to retain custody of the $114,000 in cash that was seized from Reid by Garfield County Sheriff’s deputies in a traffic stop last July.

Deputies handed the cash over to the Two Rivers Drug Enforcement Team, better known as TRIDENT, which is comprised of law-enforcement agencies in Carbondale, Vail, Glenwood Springs and Rifle.

TRIDENT, in turn, gave the cash to the Drug Enforcement Administration. Another $2,614 was seized from Reid at an undermined time, but came before the DEA’s May 19 sweep-through of Aspen in which it arrested five locals on cocaine trafficking charges. A sixth local was arrested at Dallas Fort Worth International Airport the same day.

In January, Reid filed an administrative claim, which is sealed, contesting the DEA’s seizure of the cash. The DEA had 90 days – or until April 8 – to decide what it would do with the money. But on April 7, the deadline was extended until Friday by Magistrate Judge Boyd N. Boland.

A motion filed Friday by Assistant U.S. Attorney Tonya S. Andrews asks the court to approve the government’s intention hold on to the cash until the adjudication of the pending federal case of cocaine trafficking against Reid.

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Reid, 65, remains in federal custody in Denver on no bond.