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						  An Elgin man has been charged with felony money laundering and theft following a nine-month undercover investigation into the purchase of stolen goods. Police said they recovered $20,000 in cash and more than $48,000 worth of stolen property during the undercover operation dubbed &ldquo;Operation Buy Back.&rdquo; On Thursday, Schaumburg police took William McCormick, 49, 1100 block of Country Club Road, Elgin, into custody after he met with two undercover officers to purchase $15,000 worth of purportedly stolen merchandise including electronics, vacuum cleaners and home security systems, police said. Police said McCormick admitted he knew the items were stolen and that  &amp;hellip;
					  
				 
	  				  
   