Citigroup IT executive Michael Knibb has been arrested following a drugs raid on his penthouse apartment in Manhattan where police found a home-made lab for making crystal methamphetamine.
Knibb, a 36-year-old VP for IT at Citigroup, is one of ten defendents charged with federal felony offences associated with the illegal operation of meths labs. The arrests were made after each suspect allegedly bought meth-making chemicals from an Internet site.
The US Drug Enforcement Administration (DEA) says all defendents acted independently and produced quantities of methamphetamine for their own personal use.
According to a New York Post report police uncovered Knibb's crystal meth lab in the living room of his $6,000-a-month Manhattan penthouse during a police operation dubbed Red Fusion, which targeted do-it-yourself drug makers in New York and Long Island.
Knibb, who makes an estimated $250,000 a year, allegedly told police that he resorted to manufacturing his own methamphetamines because he could not find a reliable drug dealer after moving to New York from Seattle two years ago.
Knibb is currently free on $150,000 bail but if convicted he faces a maximum sentence of 20 years' imprisonment and a $250,000 fine.