WACO, Texas (KWTX) - A federal grand jury has indicted the owner of Waco Jewelers on Valley Mills Drive and a second man on money laundering charges connected to a string of jewelry and pawn store robberies across Texas.

Michael Wayne Habern Jr., 53, owner of Waco Jewelers, and Clemond Busby, 65, also known as "Bull," each face 11 felony counts stemming from an alleged conspiracy to launder money through cash transactions involving stolen jewelry.

The sealed indictment, filed July 14, in Waco's federal court, was unsealed Wednesday morning after the men made initial appearances in court.