Greeley Philanthropist Pleads Guilty to Drug, Money Laundering Charges
Published on February 13, 2020
GREELEY, Colo. (Weld County D.A.) – A Weld County man faces a decade in prison after pleading guilty to drug and money laundering charges in Weld County district court.
The Weld County Grand Jury indicted Alberto Loya in July of 2019 on multiple charges stemming from a multi-agency investigation into a northern Colorado cocaine distribution ring last year.
Thursday morning, Loya pleaded guilty to one count of Conspiracy to Possess with the Intent to Distribute a Controlled Substance, a class one drug felony. He also pleaded guilty to Conspiracy to Money Launder, a class four felony.
As part of a plea agreement, the parties have stipulated to a maximum sentence of 10 years in the Colorado Department of Corrections.
A judge will sentence Loya May 19th at 1:30 p.m. in Division 11.