CLINTON, TN — Ray Idles, 35, and Christopher Coward, 29, both of Clinton, were indicted by an Anderson County grand jury for money laundering, knoxnews.com reported.
The Sept. 26 story stated that the pair was previously implicated in a February robbery of the Home Federal Bank. During the robbery, the teller was able to slip a red dye pack into the bundle of cash before the thieves ran off with it. The dye pack later exploded, staining every bill with red ink.
The thieves exchanged their stained bills for quarters at Pop’s Car Wash and Clinton Coin Laundry using the change machines. They managed to swap the stolen bills for $471 in quarters at the wash and $465 in quarters at the coin laundry.
Owners of both businesses quickly notified police, who were able to track the thieves and make arrests. The charge of money laundering is a subsequent indictment the men will face in December.
Read the entire story here.