Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: TUESDAY, August 17, 1993 TAG: 9308170179
SECTION: VIRGINIA PAGE: C3 EDITION: STATE
SOURCE:
DATELINE: LENGTH: Short
U.S. District Judge Samuel Wilson also gave Oliver Franklin Reid Jr., a licensed firearms dealer, three years supervised probation and imposed a $5,000 fine.
Federal authorities arrested Reid, 46, in February after a four-month investigation. He was accused of violating laws regulating the sale of firearms by licensed dealers.
Reid pleaded guilty in June.
A former schoolteacher, Reid sold guns through his combination store, Oliver's Trading Co. and EZ Money Pawn Shop.
An investigation began after Virginia State Police received reports that Reid was illegally dealing in guns and was willing to trade guns for cocaine.
Reid was arrested after guns were illegally sold to informants posing as convicted felons and drug suppliers out of state. Reid offered to sell guns for cocaine and met undercover agents at a Covington motel, where he exchanged two handguns for one ounce of cocaine.
by CNB