Nicholas M. Stegg, 31, of Harvard.

Prosecutors say a Harvard man, who is a convicted felon, has been part of “ongoing drug trafficking” after being found with over $50,000 in drugs.

Nicholas M. Stegg, 31, of the 300 block of Marengo Road in Harvard, was charged with felony unlawful possession of a controlled substance with the intent to deliver, unlawful possession of a controlled substance, unlawful possession with intent to deliver cannabis and unlawful possession of cannabis.

A motion filed by prosecutors said that the McHenry County Sheriff’s Office conducted a search warrant at Stegg’s residence on January 7.

Prosecutors said that police located 1,600 grams of cannabis flower, which has an estimated street value of $32,200, and 196 grams of cocaine, which has an estimated street value of $19,600.

Stegg was previously convicted of felony drug delivery in a 2013 case in McHenry County.

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Prosecutors, who said Stegg has been part of “ongoing drug trafficking,” asked the court in the motion to verify the source of Stegg’s bond funds should he be able to post the money.

Stegg was arrested by the McHenry County Sheriff’s Office around 10:45 a.m. on January 7.

He was transported to the McHenry County Jail where he remains held on a $200,000 bond.

Stegg is scheduled to appear in court again on January 28 for a preliminary hearing.