FORT WAYNE, Ind. (WOWO):  An ongoing drug investigation leads to the arrest of a suspected cocaine dealer.

38 year old Derek Taylor, also known as 'Lil Rick' was arrested on three counts of dealing cocaine, possession of cocaine and maintaining a common nuisance.  Police served a search warrant around 8:50 a.m. Friday morning looking for Taylor at 2504 Lynn Avenue.  They found two adults, a small dog and 17.5 grams of cocaine.

A bond was set at $157,500 and the arrest is under further investigation by The Fort Wayne Vice and Narcotics Unit.