A Woodland Hills man already in Ventura County jail awaiting trial on cocaine distrubtion charges, has been hit with a slew of new charges related to the large amount of money he allegedly made from his trade.

Mitchell Diamond, 30, was arrested on Sept. 11 on 59 counts of narcoticsrelated money laundering, five counts of tax evasion and two counts of possessing proceeds from narcotic sales in excess of $100,000 and $25,000.

Bail was set at $1 million.

The arrest was the result of a twomonth financial crimes investigation by a Ventura County Combined Agency Taskforce.

In June, the Ventura County Sheriff’s Department Narcotic Unit, the Simi Valley Police Department Narcotic Unit and the Ventura County District Attorney’s Bureau of Investigation Economic Crimes Unit concluded a monthlong joint investigation into Diamond and arrested him for selling cocaine in Ventura County.

During that time, search warrants were served at multiple locations.

According to law enforcement, an analysis of financial evidence by the Bureau of Investigation revealed the additional crimes.

Diamond was notified of the new charges at the Ventura County PreTrial Detention Facility, where he is in custody for his prior arrest for cocaine sales.