Federal Prosecutors say an Endicott man is now under formal indictment on drug trafficking and other charges in connection with the alleged dealing of crystal methamphetamine in the area.

A federal grand jury has indicted 40 year old Edward Reed on five counts.

Endicott Police say they found crystal meth and guns inside Reed’s home on West Edwards Street in October.

Authorities have accused Reed of stealing two pounds of methamphetamine from another drug dealer and shooting at the man when he showed up to get his drugs back.

When they searched Reed’s home, they found over 100 grams of crystal methamphetamine, eight ounces of marijuana, a .25 caliber pistol and $6,297 dollars.

If convicted of drug trafficking conspiracy, possession with intent to distribute a controlled substance, using, carrying and possession of a firearm, discharging a firearm, possession of a firearm and ammunition by a felony and possession of a controlled substance, Reed will have to forfeit a .380 caliber semiautomatic pistol and ammunition. The .25 caliber pistol and the cash.

Reed is in the custody of the US Marshall’s Service.