Steamboat Springs A 23-year-old Steamboat Springs man faces felony charges for allegedly selling a prescription drug and cocaine.
The Grand, Routt, Moffat Narcotics Enforcement Team arrested Matthew Paul Verracci early Tuesday morning in a drug sting.
According to court records, Verracci allegedly sold the drug alparazolam, which is also known as Xanax, and cocaine during a sting operated by the GRAMNET task force.
Verracci appeared in Routt County Court Tuesday afternoon where Judge James Garrecht set his bail at $20,000.
Assistant District Attorney Kerry St. James said the man could be charged with two felonies of distribution of a controlled substance.
Verracci allegedly sold eight Xanax pills for $30 to a person working undercover for the drug task force, records show.
The prescription drug is used to treat anxiety, panic disorder, insomnia and anxiety caused by depression.
The New York native also allegedly sold the informant about 7 grams of cocaine, according to records.
Drug agents started to focus on Verracci after receiving an anonymous tip in early February.
Drug agents then set up the sting where the drugs were allegedly bought at the suspect's residence in the 3400 block of La Roca Court.
Before drug agents sought an arrest warrant, the pills and the cocaine were tested.
Verracci was arrested at about 6 a.m. at his residence and was taken into custody without incident.
His next appearance in county court is set for 1:30 p.m. March 13.